GMAC GMAC Deal Sets Up Realty Services Unit Mortgage's parent, General Motors Acceptance Corp., has launched a real estate services unit with a deal to acquire Better Homes and Gardens Real Estate Service from Meredith Corp.

The new unit, GMAC Home Services, based in Horsham, Pa., is to license the Better Homes and Gardens brand name. Better Homes and Gardens Real Estate Service is a franchised residential real estate network with more than 800 member firms, 1,500 offices, and almost 26,000 sales associates in the United States and abroad.

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