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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.That lawsuit, which was granted class-action status last month, alleges that Century 21 and its parent company failed to provide the required level of services and misappropriated fees that franchisee...