RESPA worries scuttle marketing agreement
How First American, RE/MAX went from allies to adversaries
By Matt Carter, Wednesday, June 18, 2008.
First American Residential Group Inc. backed out of a $600,000-a-year marketing agreement with RE/MAX International Inc. after Colorado regulators raised "the potential illegal nature of such agreements," lawyers for First American said in a court filing.
After paying RE/MAX more than $2.4 million over four years to "exclusively market, endorse, support and promote (First American) products and services to RE/MAX franchisees," First American terminated the agreement in April 2007, withholding
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