Those of you in the southeast should be familiar with this company with the big TV barrage that ended with "Thanks, Buy Owner"

Now it's "You owe me, But Owner"

http://www.palmbeachpost.com/money/buy-owner-service-is-in-liquidation-868672.html

I read the article and visited their site and this seems like a viable business model (better than most fsbo services actually), and it looks like they just got in over their heads with debt and the owner wants out.

Probably made millions during the boom. Flat fee and discount brokers are killing it around me and I guess it's a matter of location and homeowner equity and ability to be negotiable. I don't know if this company is in the mls at all but if not that would explain their demise.

One things for sure... we have a loooooong way to go til the bottom.

Nothing new there.The owner made money and now that his debts are being called he is protecting personal assets and wealth and saying dump the company.

Typical owner as they all don't want to invest the personal wealth built up over the good times into a sinking ship.

He would do well to take his money and buy up distressed real estate for the upcycle.

Large RE/MAX office also closing in FL. No one wants to take it over or buy it.

http://www.sun-sentinel.com/business/fl-...rce=patrick.net

Is this the Re/MaX franchise that had a couple of hundred agent in the Coral Springs office? We used to see them often in central Palm Beach County.