Coldwell Banker introduces “mega-offices”, defined as an office with 35-50 desks and 50-80 sales associates.

Sears announces the abandonment of its “Shopping Center Financial Service” idea which means the withdrawal of 500 Coldwell Banker and Dean Witter Reynolds offices, leaving only Allstate Insurance on the Sears premises.

Prudential starts franchising and acquires Merrill Lynch relocation and real estate divisions.