Re/Max Integra, a Canadian-owned Re/Max subfranchisor, is terminating its franchise agreement with a 327-agent brokerage in the Toronto suburbs, Mississauga-based Re/Max Legacy Realty, citing “ongoing and unresolved business issues with the brokerage owner.”

Re/Max Integra, which also owns two Re/Max franchise regions in the U.S. and claims to provide services to nearly one-third of Re/Max agents worldwide, said two other Re/Max brokerages will open two new offices in Mississauga.

Conrad Zurini of Re/Max Escarpment Realty Inc. and Raneen Dhadli of Re/Max Edge Realty Inc. will combine operations into a single brokerage serving southern Mississauga. Zurini and Dhadli, who operate 10 offices, will do business as Re/Max Edge Realty and open a new office in the southwest corner of the city.

Re/Max Realty Services Inc., which operates three offices in the Brampton area, will open a new office in the north end of Mississauga.

In a press release, Re/Max Integra claimed Re/Max Legacy “had been in arrears since September” and owed “substantial franchise fees.”

Re/Max Legacy’s owner and broker-manager did not immediately respond to requests for comment. But the brokerage’s website, which lists 327 agents, was up and running Wednesday.

Last month Boston-based brokerage Re/Max Prestige dropped its Re/Max affiliation and rebranded 14 offices and 280 agents as Laer Realty Partners. Re/Max Integra, which owns Re/Max franchising rights in New England, claims the brokerage’s owners broke their franchise agreement.

Privately owned by Canadian entrepreneurs, Re/Max Integra provides franchise services to nearly 10,000 agents in the Ontario-Atlantic Canada region, and more than 6,000 Re/Max agents in the U.S. In addition to New England, Re/Max Integra owns Re/Max franchising rights in the Midwest region, which includes Minnesota, Wisconsin and Indiana.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top