Owner Says Tough Economic Conditions Are To Blame
BY MICHAEL S. RENEAU
ASSISTANT MANAGING EDITOR
The Brothers Real Estate and Auction Company has closed.
"The economy got to the point we couldn't support it," co-owner Shane Carter said in a telephone interview with The Greeneville Sun on Monday.
The Brothers Real Estate's building, located at 1819 W. Church St., is now for sale, Carter said.
The company was opened in late July 2004 by Shane Carter and his brother, Gale.
The real estate business is a family tradition in the Carter family.
In 1966, Shane Carter's uncle, Grady Carter, and father, Hadley Carter, established and became partners in Carter Brothers Real Estate and Auction.
When Grady Carter died in 1993, the firm was dissolved, and a new company was formed, Carter Real Estate and Auction Company, with Hadley Carter and his nephew, John Carter, as partners.
When Hadley Carter decided to place his real estate license in retirement in 2002, he sold his half-interest to John Carter, who became sole owner.
Then, in 2004, Shane and Gale Carter opened The Brothers Real Estate and Auction Company. They were joined by their aunt, Dora Carter Harmon.
Shane Carter said in the interview that, now that the company has closed, he has moved to Greeneville Real Estate and Auction, owned by William Brown.
Shane Carter is certified as a residential and farm appraiser and will also assist with Greeneville Real Estate's auction gallery. He has worked in real estate since 1986.
Dora Carter Harmon has moved to Warner Realty, owned by her niece, Wendy Carter Warner, daughter of Grady Carter.
"Dora invites her many friends to contact her at her new location, where she will be happy to see you," a news release announcing Harmon's move states.
In 2012, Harmon was named Realtor Emeritus by the National Association of Realtors -- a rare honor given to members with 40 cumulative years in the National Association of Realtors.
Shane Carter said his brother, Gale, has left the real estate industry to pursue computer consulting, which he had done prior to entering the real estate field.
Shane Carter said other employees at The Brothers Real Estate included his sister, Belinda, a registered nurse who will continue to work in that field, and another aunt who has retired.