Realty Times would like to issue a retraction for the October 25th article entitled "Cendant Stuns With IPO News For Real Estate Division." The article wrongly announced the retirements of Dave and Gail Liniger from RE/MAX.

There has never been an announcement of the retirement of Dave Liniger, Chairman and Co-founder or Gail Liniger, Vice-Chairman and Co-founder, and have no plans to retire. (note: Former Chief Executive Officer, Daryl Jesperson and his wife Nan, a Vice President of RE/MAX Relocation, Inc. did both retire on September 30 of this year.)

There has not been any announcement of any intention of RE/MAX to go public next year or at any time in the future.

The original Realty Times article can be seen here.

Published: October 25, 2005

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