PHOENIX, July 20, 2016 /PRNewswire/ — On June 21st, an ERA franchisee operating as ERA Brokers Consolidated issued a press release and online video, which, along with a press release on ERA’s website, communicated the message that the ERA franchisee had merged with Realty Executives of Nevada. Realty Executives promptly objected to these communications as false and misleading and sought judicial relief. Realty Executives International, the franchisor of the Realty Executives brand, believes that ERA Brokers Consolidated (a franchise of ERA Franchise Systems, a Realogy company) and FJM Corporation – a former franchisee of the Realty Executives system – acted improperly and breached numerous contractual obligations, misusing Realty Executives trademarks and tortuously inferring with Realty Executives’ contracts and business relationships, in connection with these communications. Realty Executives filed suit against ERA Brokers Consolidated, FJM Corporation and the Moores, seeking, among other things, a Temporary Restraining Order (TRO) to stop ERA Brokers Consolidated, FJM Corporation and their related parties from continuing with their damaging behavior.
On July 8, 2016, The Hon. Richard Boulware II, United States District Judge for the U.S. District Court for the District of Nevada, ruled in favor of Realty Executives, issuing a Temporary Restraining Order against ERA Brokers Consolidated, FJM Corporation, the Moores, and their related parties, enjoining them from continuing enumerated aspects of their damaging behavior, as well as requiring them to issue a corrective press release acceptable to Realty Executives International. Thus far, in the opinion of Realty Executives, the Defendants have not fully complied with the Judge’s order, including without limitation the requirement that the Defendants and their related parties cease using the Realty Executives name and trademarks. Realty Executives continues to prosecute its lawsuit for several breaches of contract as well as civil torts.
“We are pleased that the court agreed with our argument and request for the restraining order,” Realty Executives Chairman David Tedesco said. “We were shocked and dismayed by the recent actions taken by ERA Brokers Consolidated and FJM Corporation and will take additional steps to protect our business.”
For clarity, Realty Executives continues to offer real estate services in the Las Vegas area under the name Realty Executives of Nevada (the use of which name FJM Corporation has been ordered to cease) and as an expansion of the Realty Executives The Edge franchise in Las Vegas, which is owned by Alan Hays. “We are currently expanding our business by rapidly adding new offices, new teams and new agents,” Hays said. “As a long-time Realty Executives broker in Las Vegas, we are pleased that the court has taken a step to help clarify the potential confusion around our brand. This allows us to establish that we are not part of, nor do we wish to be part of, ERA Brokers.”
For more information on Realty Executives’ case against FJM Corporation and the Moores, please contact Nantale Muwonge at (602) 749-2309.
About Realty Executives Intl. Svcs. LLC
Established in 1965, Realty Executives International is one of the largest and oldest real estate franchise systems in the world today, with over 8,000 agents and 500 offices globally. The company offers disruptive, flexible pricing models for unrivaled mobile technology, business tools, training and service while providing protected territories to qualified franchisees worldwide. The Scottsdale-based, privately held company has been ranked as a leader in the real estate industry by publications like Entrepreneur, Success and Inc. magazines. For additional company information visit www.RealtyExecutives.com.
SOURCE Realty Executives International