Press Room

GMAC REAL ESTATE AWARDS DENVER FRANCHISE TO EXPERIENCED TEAM OF INDUSTRY PROFESSIONALS

Frontier GMAC Real Estate is Denver Area's First Firm to Bring One-Stop Shopping and Innovative Customer Service Program to Buyers and Sellers

Denver, Colo., March 16, 2005 - GMAC Real Estate, one of North America's leading real estate franchising firms, announced today it has awarded a franchise to two of the Denver area's most accomplished real estate professionals who have built from the ground up, the area's first true "one-stop shopping" experience for buyers and sellers.

As a result, local consumers can now shop for a home, mortgage, get title insurance and select a home warranty and home insurance - all under one roof - and backed by a written customer service pledge.

Keith Brown, a longtime local mortgage industry veteran and Joel Moritz, who owns two title companies, founded Frontier GMAC Real Estate. Serving as Frontier GMAC Real Estate's broker/office manager is another familiar Denver real estate veteran: Bob Most. Combined, the trio have nearly 70 years of local real estate and legal experience.

Brown, Moritz and Most hit the ground running by establishing major goals for their Englewood-based firm, predicting it will grow to 100 agents by year's end and from one office to 10 over the next five years.

"Anyone who knows Keith, Joel and Bob wouldn't bet against them achieving their goals - and then some," said Lane Barnett, president and CEO of GMAC Real Estate's franchised operations. "I have absolutely no doubt they are going to light a fire for GMAC Real Estate in the Denver area, and I couldn't be more thrilled that they decided to join our team."

"As we built this company, we took a step back and asked, 'what is it that consumers want from their real estate brokerage company?' Our research found two things: consumers are looking for a one-stop shopping experience to make the transaction easier and they want accountability from their agents," Brown said of the decision to team up with GMAC Real Estate. "Frontier GMAC Real Estate is noticeably different from other firms as a result of our one-stop shopping and we are the only local company to guarantee in writing what consumers can expect to receive from our Premier Service customer service program."

Premier Service is considered the most comprehensive and effective customer-service program in the real estate brokerage industry. Through the program, GMAC Real Estate is the only national real estate brokerage company whose sales associates put in writing, up front, the services they will perform. They then ask their customers to honestly rate their performance after each transaction through a survey conducted and tabulated by an independent, third party. Individual survey results provide each sales associate with ongoing feedback and insight for continuous improvement.

"Our customers can have virtually all of their home buying and selling needs met right here at our office, backed by a written customer service pledge. That's something no other local real estate company can offer," said Moritz.

"Not only can they buy or sell a home through us," added Most, "but we can help them get a mortgage, title insurance, a home warranty and home insurance. It's a total quality experience and it's just in time for the busy spring home-buying and selling season."

Prior to co-founding Frontier GMAC Real Estate, Brown founded Denver-based Aimbridge Home Loans, a national lending company that provides innovative lending solutions to the credit union industry. Before his tenure at Aimbridge, Brown co-founded LoansAtWholeSale.com in 1999, a Lakewood, Colo.-based lender. From 1986 through 1999, Brown held a variety of positions within GMAC Mortgage, ultimately working his way up from branch manager to vice president. His responsibilities included the management of the mortgage production group in the Rocky Mountain states and the Resort Lending Group for GMAC Mortgage.

Moritz co-founded Denver-based Frontier GMAC Real Estate with Brown. He is the company's executive manager and is a licensed broker associate and attorney. He has practiced law in Denver for 25 years and is vice president and director of Inman Flynn Biesterfeld Brentlinger & Moritz, P.C, a Denver-based law firm. Since 1998 he has also owned a title insurance company with offices in Denver and Grand County, Colorado.

Most is a veteran management professional with more than 25 years of Denver-area real estate brokerage experience, primarily managing multiple offices and projects. He is admired for his ability to recruit and build a strong sales staff, and for his contract knowledge and risk management experience. Before joining Frontier GMAC Real Estate, Most served as branch manager/partner of Prestige Real Estate Group, LLC where he managed the company's three offices in Flatirons, Brighton and Cherry Creek. He is a past winner of the REALTOR OF THE YEAR award for North Metro Denver REALTOR Association (1995).

Frontier GMAC Real Estate (www.FrontierGMACRealEstate.com) is located at 10303 E. Dry Creek Road, Suite 100 in Englewood.