GMAC Home Services Names Terry Morris President of Its Company-Owned Real Estate Operations; Industry Veteran Will Direct Division's Continued Expansion.Business Editors & Real Estate Writers GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Home Services president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , John Bearden today announced that longtime industry veteran Terry Morris has been named president of GMAC Real Estate's company-owned division, one of the nation's largest real estate brokerage firms. In his leadership role, Morris will direct the continued expansion of the company-owned operations, which includes more than 100 offices and 3,500 real estate professionals nationwide. In 2001, GMAC Real Estate's company-owned offices produced more than $10 billion in sales. In addition to its company-owned offices, GMAC Real Estate GMAC Real Estate is a real estate franchise company in the United States, with 1300 locations in North America, and more than 22,000 real estate agents. The company is a division of GMAC Home Services, part of the larger General Motors Acceptance Corporation, which provides franchises 1,200 real estate offices with more than 17,000 agents nationwide. GMAC Real Estate's company-owned offices are situated in major metropolitan markets, including the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay , Chicago, metro New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Boston and elsewhere throughout New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . "Terry Morris enjoys a well-deserved national reputation for innovation, vision and integrity," Bearden said. "Very few professionals in America can match his experience leading a real estate brokerage organization. Fewer still have integrated mortgage, title and other affiliated home services to create a complete, single-source transaction -- the goal of GMAC Home Services -- as Terry has done." Morris, who has more than 30 years of real estate industry experience, was formerly president of Atlanta-based Northside Realty. He began his tenure at Northside Realty as a branch manager, but spent 18 years in corporate management, serving as general sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → , executive vice president and president. Morris was affiliated with real estate companies in Florida and the Midwest before moving to Atlanta and joining Northside Realty. "GMAC Home Services' exceptional turnaround under John Bearden, along with the long-term financial commitment GM has made in the company, are just two of the many compelling reasons I accepted this opportunity," Morris said. "I'm excited by the prospect of putting my real estate experience to work on behalf of GMAC Real Estate, truly one of the nation's leading real estate companies." Morris' time at Northside's helm was marked by steady sales gains and a significant increase in the company's value, culminating with its recent sale to Cendant's NRT NRT Nicotine Replacement Therapy NRT Norm-Referenced Test NRT near real time NRT Non-Real-Time NRT National Response Team NRT Tokyo, Japan - Narita (Airport Code) NRT Net Registered Tonnage Inc. Under Morris' leadership, Northside Realty developed a national reputation as a pioneer in the use of technology, home services and new home sales New Home Sales An economic indicator that measures sales of newly built homes. Released by the U.S. Department of Commerce's Census Bureau, it includes both quantity and price statistics. and marketing programs. Last fall, with Northside Realty's sale to NRT pending, Morris left the company and joined his wife's commercial real estate consulting and brokerage practice to add his network of Atlanta connections to her 20 years of national and international experience working with developers, financial institutions and city governments on high-end retail and mixed-use projects. The merger has been successful, and Morris said the firm is now working on eight "live, work, and play" projects in and around metro Atlanta. Bearden, who joined the company late last year, has been the architect behind GMAC Home Service's impressive turnaround. It was recently announced that GMAC Home Services had made an initial commitment of $100 million to help franchisees and company owned offices grow their businesses. Also, GMAC Real Estate recently launched an agent centered, national TV, radio and billboard advertising campaign. Additionally, Bearden created an entirely new franchise offering for real estate brokers and has built an entirely new executive management team comprised of real estate professionals who've built brands into powerhouse names. About GMAC Home Services GMAC Home Services is one of North America's largest real estate organizations, delivering premier service to homebuyers and sellers through its three operating companies: GMAC Real Estate, GHS GHS Globally Harmonized System (of Classification and Labeling of Chemicals) GHS Greenwich High School (Connecticut) GHS Green Hills Software, Inc. Mortgage and GMAC Global Relocation Services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. . Backed by the resources of industry giant General Motors, the GMAC Home Services network has 1,300 franchised and owned residential real estate offices throughout the United States and Canada. |
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