The Century 21 franchisees are taking Century 21 Real Estate Corp. and its parent company Realogy Corp. (formerly known as Cendant) to trial after the New Jersey Appellate Division choose not to hear the case appeal last week. In 2002, the franchisees filed a class-action lawsuit against Century 21 Real Estate Corp. and its parent company for alleged noncompliance with contract agreements. In an August ruling, New Jersey Superior Court Judge Robert Brennan approved the motion to go forward as a class-action, saying the franchisees had an interest in ensuring that Cendant abides by the franchise agreement. Cendant sequentially filed a motion to appeal that was denied last week. Century 21 was purchased by Cendant in 1995. The complaints referenced noncompliance from the time Cendant acquired Century 21 to when the case was filed. Century 21 franchisees contributed annually to a National Advertising Fund that it alleges was supposed to be used for national marketing of the franchisees. The fund, which derived $40 million annually, was instead used for Cendant’s own benefit it is claimed — and also supported Century 21 competitors Coldwell Banker and ERA. Coldwell and ERA are wholly owned subsidiaries of Cendant. “As a result of Cendant’s actions, Century 21 franchisees have suffered damages that may total in the hundreds of millions of dollars,” said Robert Schachter, plaintiff attorney from Zwerling, Schachter & Zwerling. Spokesman for Century 21 corporate, Matt Gentile, denies the allegations made against the corporation said in an official statement. “We categorically reject the claims made by plaintiffs’ attorneys and will continue to aggressively defend this case.” Under the ruling last week, the case will continue as a class-action lawsuit, but a trial date has not been set. Write to Christine Ricciardi.
Christine was a reporter with HousingWire through August 2011.see full bio
Most Popular Articles
When will home sales finally return to normal?
Home sales are near 4.2 million, with lock-in preventing about 870,000 sales in 2026 and only about 5.8% decaying annually.
Jun 16, 2026
-
HUD aims to help multi-story manufactured housing go vertical
Jun 18, 2026 -
Aging in place is reshaping housing demand — and most homes aren’t ready
Jun 19, 2026 -
Keys to the housing market for the rest of 2026
Jun 20, 2026 -
UWM, Two Harbors CEOs clash in emails ahead of CCM deal vote
Jun 22, 2026 -
SERHANT. expands into Texas with 13 founding agents
Jun 23, 2026
Latest Articles
Congress passes 21st Century ROAD to Housing Act, sends bill to Trump
The 21st Century ROAD to Housing Act passed the House of Representatives after clearing the Senate and now heads to President Donald Trump’s desk for signature in the coming days.
-
Boomer Foster launches Paul Wesley Real Estate brokerage
-
Why mortgage rates haven’t followed oil prices by moving lower
-
Mortgage rates move near 6.8% as the potential for a Fed hike grows
-
Builders planned for undersupply, now demand is the swing factor
-
Realtor.com: Investor home purchase activity was stable in 2025
Christine was a reporter with HousingWire through August 2011.see full bio