Yerman, 3 other Realtors split off to create own brokerage

Real Estate

January 26, 2007|By Stacey Hirsh | Stacey Hirsh,Sun reporter

Four veteran residential Realtors have left their respective agencies to form an independent brokerage, the group announced yesterday.

Michael Yerman, Marc Witman and Brandon Gaines, formerly with Long & Foster Real Estate, and Georgeanna Garceau, a former Prudential agent, have created Yerman, Witman, Gaines & Garceau Realty.

"We all enjoyed our former brokers but desired to be owners of something that we talked about and toyed with for years but just in the last six months began to coalesce into a real plan," Witman said. "We wanted to have our name on the door."

The new firm, temporarily located in Lutherville, will work with clients buying and selling homes in the Baltimore metropolitan area as well as Harford and Cecil counties. The agency will move to its permanent office in Bare Hills this spring and plans to open a Bel Air office in about two months.

Yerman, Witman, Gaines & Garceau Realty employs 37, including the four partners and 16 additional Realtors.

Jody Landers, executive vice president of the Greater Baltimore Board of Realtors, said the team's decision to split off into own brokerage follows the recent trend of smaller firms forming after years of consolidation.

"In the past few years, what we've been seeing is that the larger agencies kind of plateaued as a percentage of our membership, and we began to see the formation of a lot of smaller and boutique firms," Landers said.

Yerman, who has been in the real estate business since 1976, serves as a trustee of the Greater Baltimore Board of Realtors Charitable Foundation. Witman has been in real estate for 18 years, Gaines for 30. Garceau has worked in real estate in Baltimore and Harford counties for 22 years, the company said.

Yerman, Witman and Gaines are all past presidents of the Greater Baltimore Board of Realtors, Landers said.

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