The closing will begin February 15 and will affect 215 employees. NREIS employs more than 1,200 people, according to the company’s website.
The address listed on the NREIS’ notice is the same as that of another real estate services provider, Secured Lending Services.
A reader of sister publication MReport forwarded an email exchange allegedly between a Realtor and a manager at IREP, an NREIS subsidiary. The exchange was posted to an online message board for agents and brokers.
In the email, the manager says “National Real Estate gave notice that they will close in 60 days so March 1 they will no longer be in business. Secured Lending is working business as usual right now.”
According to another WARN Act notice on the Texas Workforce Commission’s website, the company is laying off an additional five employees in its Dallas office.
The WARN letter issued to the TWC says the layoffs are a result of the “dissolution and windup of NREIS of Texas, LLC.” It goes on to say the “separation of employment with the Company is expected to be permanent and there will not be any bumping rights.”
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