Industry News

GMAC Real Estate plans expansion

Cuts ties with franchisee over operating differences

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

GMAC Real Estate, a real estate franchisor with 1,300 offices and 23,000 sales associates, today announced it will aggressively increase franchising activities in 2005 in Indianapolis and throughout Indiana. GMAC Real Estate officials said in a statement that they look forward to working with new franchisees who share the company's customer-first philosophy and adhere to its Premier Services program, which aims to offer consumers a one-stop home-buying experience. "We've staked the future of our company on two core values: helping franchisees differentiate themselves by providing higher levels of service to their clients and by offering additional core services that consumers are looking for in a real estate transaction," said Lane Barnett, president and CEO of GMAC Real Estate's Franchise Business Unit. GMAC Real Estate officials announced that it will be parting ways with Indianapolis-based Carpenter GMAC Real Estate over Carpenter's alleged failure to embrace GMAC's philosophy. "...