CORAN REAL ESTATE AGENCY is not a real estate agent.
Its owners are in the real estate business, but the company’s CEO and founder, Alan Coran, has made it clear to CBS News that it is not affiliated with the real-estate industry.
Coran and his wife, Laura, live in the Raleigh-Durham, N.C., suburb of Durham.
But they have been on the forefront of the push for better government and a more ethical business, working with local officials to help them address rising housing costs.
They have also donated money to local politicians, such as Raleigh Mayor Steve Adler, and helped start a nonprofit called Wakegov, which provides emergency services in Wake.
Coron said Wakegov and the nonprofit, Wakegov Community, are “trying to bring a little bit of humanity to the community,” and “bring them a little better understanding of what is going on.”
The Corans’ real estate agency, Coran Properties, has been a fixture in Wake for the past two decades, as has Coran and Laura.
They also run Wakegov.
The company, based in Raleigh, is the largest real-ty company in the country, with more than 7,000 agents in North Carolina.
In fact, the Corans have a good reputation in the Wake-based real estate industry.
The firm has received an “A” rating from the Better Business Bureau, and it is the No. 1-rated agent in the state, according to a review of state and federal data.
Corans own nearly 80% of Wakegov’s business, including real estate.
They are also the company with the largest office in the North Carolina region, with about 50 employees.
The office has more than 4,000 square feet and has offices in Raleigh and Chapel Hill.
But Wakegov is now dealing with a growing number of complaints about its practices.
The North Carolina Department of Commerce and Consumer Protection filed a complaint with the agency in April about Wakegov not reporting how much rent it charged tenants on a regular basis.
The complaint cited Wakegov as “failing to report the actual costs of renting” because it does not have a written rent schedule and it does have an “average occupancy rate” that is lower than its annual average.
The complaints are the latest chapter in a long history of Wakeganese officials and the realtors in the region accusing Corans of unethical practices.
Wakegov officials have denied the allegations, saying the company follows strict guidelines in managing its rental and real-rental practices.
Wakegov has received a lot of media attention over the past few years, with national media calling for the company to be shut down.
The agency also received a major push from the Wake Government Accountability Committee, which was formed in June by a group of lawmakers to investigate Wakegov for possible financial malfeasance.
Roy Cooper and Wake City Councilor Michael Johnson were the only members of the committee to sign on.
The Wake Government Affairs Committee is made up of representatives from Wake’s four legislative districts, as well as local officials.
The Wake Government Ethics Committee is led by retired Wake County Attorney Bob Dyer.
The commission’s report is expected by the end of June.
Worried about the rising rent?
The Corans are also concerned about a number of issues surrounding the company, including its real estate practices.
“It’s an ethical problem, really,” Coran said.
“It’s not just about our reputation, but our ability to serve the community, too.”
Coran Properties has also received criticism from some lawmakers, including Democratic state Rep. Greg McKeon, who said the company has a “disgraceful record of taking advantage of vulnerable and vulnerable people.”
Corans said Wake Gov.-elect Cooper and local officials have been supportive.
Cooper is calling for Wakegov to be brought into compliance with the Better Buildings Act, which requires landlords to give tenants adequate notice when their building is to be torn down.
Wake is not part of the bill, but its status could change if the city chooses to enforce it.
McKeon said he hopes the WakeGov-backed commission will take a close look at Wakegov before issuing a final report.
“I would like to see Wakegov fully and transparently reported on what it’s doing and what it was doing, how it’s going to improve,” McKeonsaid.
“That’s why I am so concerned about Wake’s ability to operate and how Wakegov will do the right thing.”
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