GMAC Real Estate

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GMAC Real Estate
Industry Real Estate
Fate Acquired by Brookfield Asset Management
Successor Real Living
Founded 1998
Website www.gmacrealestate.com

GMAC Real Estate was a real estate franchised brokerage firm. It had 13,000 agents.[1] In 2008, it was acquired by Brookfield Asset Management and in 2012, it merged into HomeServices of America.

History[edit]

GMAC Real Estate was founded in 1998, when GMAC (now Ally Financial) bought the Better Homes and Gardens Real Estate brand from Meredith Corporation.[2]

In 2001, John Bearden was named president and CEO of GMAC Home Services LLC, the parent company of GMAC Real Estate.[3]

In 2002, the company ranked 6th in transaction volume among U.S. real estate companies.[4]

In 2006, the company awarded franchises in the St. Louis area[5] and in the Denver area.[6]

In 2008, GMAC Home Services LLC was acquired by Brookfield Asset Management.[7]

In 2009, Brookfield merged the company into its Real Living division.[8]

In 2012, HomeServices of America, an affiliate of Berkshire Hathaway, acquired Real Living.[9]

References[edit]