BrokerageIndustry News

C21, Long Island brokerage part ways

Laffey Associates, franchisor in lawsuits over franchise fees
Published on Sep 10, 2010

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by CareyBot

Century 21 has terminated its franchise agreement with one of its biggest brokerages, Long Island, N.Y.-based Laffey Associates, claiming in a lawsuit that it's owed more than $280,000 in royalties and franchise fees.

Laffey Associates executives confirm they have parted ways with Century 21, but say they intend to file a counterclaim in New Jersey Superior Court that Century 21 breached its obligations under its franchise agreements.

In a statement, Laffey Associates said many of the counterclaims it intends to make are also the subject of a lawsuit filed by other Century 21 franchises in 2002.

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