Industry News

GMAC Real Estate announces record franchise year

Division opens up 100 new offices in 2005

GMAC Real Estate's franchise operations division opened up more than 100 offices across the country last year, including franchises, startups and conversions, the company reported today. The franchise division also saw the launch of its first European franchise: GMAC Imobilaria Portugal, the company announced. Last year was a record year for the company's franchise division, and Lane Barnett, president and CEO of GMAC Real Estate Franchise Operations, said 2006 should be "another equally impressive year." "We're going to continue our aggressive expansion across the United States, driven by our belief in our unique service philosophy and our determination to make it available to as many home buyers and sellers as we possibly can," Barnett said. GMAC Real Estate has about 1,300 franchised and company-owned real estate offices throughout the United States and Canada, and about 22,000 sales associates. GMAC Real Estate also announced that the company has received a 94 percent customer s...