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Daily Real Estate News | June 3, 2009 |
CEO of GMAC Real Estate Steps Down
After nearly eight years as President and CEO of GMAC Real Estate, John Bearden is stepping down from both posts effective June 12. Brookfield Residential Property Services bought the company late last year.
Brookfield RPS is the holding company of Royal LePage, Canada’s largest real estate company. The acquisition of GMAC Real Estate firmly established the Toronto-based company as a major real estate player in North America.
Brookfield RPS praised Bearden in a statement: "John has made many significant, and lasting, contributions to the company, not the least of which is helping establish a national reputation for unmatched customer service. We very much appreciate all that he has given to the organization, and wish him all the best in his future endeavors."
Graham Badun, managing partner and CEO of Brookfield RPS, will assume the interim role of President of GMAC Real Estate. The company has nearly 30,000 sales associates based out of 1,500 offices across North America.”
Source: GMAC Real Estate
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