Inman AM: Realty Executives Inc. sues former president

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Wednesday, June 02, 2010

Realty Executives Inc. sues former president
By MATT CARTER The former president and designated broker of Realty Executives Inc., John E. Foltz, allegedly disparaged the brokerage company's owners in an attempt to undermine their authority and wrest control of the company from them, according to a lawsuit accusing Foltz of fiduciary misconduct and breach of conduct. Through his attorney, Foltz denied the allegations, maintaining that Realty Executives Inc., also commonly known as Realty Executives of Phoenix, is attempting to break the terms of an employment agreement that was not scheduled to expire in 2015. More »

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