ELDERSBURG - Company restructuring and a soft real estate market are causing Coldwell Banker to close their office here on Friday.
The Westminster branch will be owned by its sales manager, Cliff Dull, by the end of the month.
Under the national company's reorganization -- owned by the Sears residential sales network and based in California -- some of the corporate-owned branches are being sold as franchises.
While both offices were offered for sale to local brokers, only Dull was able to put together a deal.
Marie Ireland, sales manager for the Eldersburg office, said she tried to put together a franchise partnership with sales agent Tim Dulany, but couldn't because uncertainty in the local market.
Although listings for their office have been up for the past six months, the soft market has made it difficult to get transactions to settlement, Ireland said.
Most of her 32 agents have found work with other real estate agencies in South Carroll, Howard and Frederick counties and some have transferred to the Westminster office, she said.
However six, including herself, have no specific plans for the future, Ireland said.
Dull said his deal will give him the rights of ownership and continued access to the Coldwell Banker national real estate network.
The office's name will eventually become Coldwell Banker/Cliff Dull real estate.
While his office employs 24 agents, Dull said he would like to bring the number up to 35.
A county native, Dull has sold real estate in Carroll for 22 years and has managed his office for the past four years.