Century 21 cuts L.I. firm, faces legal challenges

Century 21 has dumped Long Island brokerage Laffey Associates, terminating its franchise agreement and alleging in a suit that the latter owes it more than $280,000 in various fees, according to Inman News. Laffey, which had been one of Century 21’s biggest brokerages, has filed a counterclaim, arguing that Century 21 breached its contract under their original franchise agreement. The counterclaim is part of a larger class-action lawsuit against the firm and its parent company, Realogy, that includes more than 1,000 current and former members of the Century 21 franchise. Century 21, which officially terminated its agreement with Laffey Sept. 7, has denied the claims in the class-action suit. [Inman]