Argentine’s ban due to illegal behaviour has cost Remax Argentina at least $ 8 million.
The licensee of the American real estate franchise argues that the ban is not a legal but a commercial dispute. As they had publicly anticipated, they targeted the City’s College of Real Estate Brokers, CUCIBA. It calculated at least $ 8 million the damage caused by the resolution that declared it “illegal” in the country due to the loss of potential franchisees and operations that were stopped. It says will defiantly continue operating until the Justice resolves the case. The future of Remax…
A lethal blow to the RE / MAX Real Estate business in Argentina: the IGJ prohibits it from operating and orders the dissolution of the company
The measure was demanded by the Real Estate College of the City of Buenos Aires. According to the agency, real estate companies cannot work with franchises The General Inspectorate of Justice (IGJ) prohibited the business of RE / MAX for real estate activity, as a result of a request from the Unique Association of Real Estate Brokers of the City of Buenos Aires (Cuciba). Thus, he ordered the immediate dissolution and closing of the business. As it emerged, the agency is considered an illegal model of business,…
