Fort Lauderdale Realty Giant Folds After 20 Years
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Homeowners aren't the only ones getting hit by the real estate recession. RE/MAX Partners, a Fort Lauderdale, Fla. franchise of real estate company RE/MAX L.L.C., is closing its doors after five years of deteriorating home sales
. The largest RE/MAX brokerage in Florida, it experienced a 29 percent drop in business after the April expiration of the federal homebuyer tax credit
. Also contributing to the decline were the aftereffects of Hurricane Wilma
. Management is trying to help relocate the firm's more than 160 agents to other RE/MAX offices.More on AOL Real Estate:
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