Welcome to our dedicated page for RE/MAX HOLDINGS news (Ticker: RMAX), a resource for investors and traders seeking the latest updates and insights on RE/MAX HOLDINGS stock.
RE/MAX Holdings, Inc. (NYSE: RMAX) is a global leader in real estate franchising and mortgage brokerage services. Founded in 1973 by Dave and Gail Liniger, RE/MAX operates with an innovative and entrepreneurial spirit, allowing agents and franchisees considerable autonomy in their operations. With over 140,000 agents in nearly 9,000 offices across more than 110 countries, the company's global reach is unmatched in the real estate sector.
RE/MAX Holdings operates through several key segments: Real Estate, Mortgage, Marketing Funds, and Others, with the Real Estate segment generating the majority of its revenue. The company’s subsidiary, RE/MAX, LLC, is renowned for having the most productive agents in the industry, as evidenced by its repeated recognition for excellence and industry leadership. In recent achievements, RE/MAX was celebrated for its executive leadership and industry influence, securing spots on various prestigious rankings, including the Swanepoel Power 200 and RISMedia's Real Estate Newsmakers.
In addition to its substantial contributions to the real estate market, RE/MAX has a strong community presence. The company has raised over $130 million for Children's Miracle Network Hospitals® and other charitable organizations, emphasizing its commitment to making a positive impact in the communities it serves.
RE/MAX's operational strategy includes global expansion and the continuous enhancement of its technology platforms. Recent initiatives include the launch of Motto Mortgage, the first and only national mortgage brokerage franchise in the U.S., which has expanded to over 225 offices across almost 40 states since its inception in 2016. Furthermore, RE/MAX is dedicated to providing top-tier support and resources to its franchisees and agents, driving both brand growth and agent success.
Financially, RE/MAX Holdings has shown resilience and strategic cost management amid market fluctuations. The company reported first-quarter 2024 revenue of $78.3 million, with significant contributions from recurring revenue streams. Despite a slight decrease in revenue compared to the previous year, the company's focus on high-quality service and efficient operations positions it well for future growth.
RE/MAX continues to innovate and adapt to changing market conditions, maintaining its status as the #1 name in real estate1. For the latest updates and more information, visit their official website at www.remax.com.
RE/MAX has been recognized on the Entrepreneur Franchise 500 list for the 39th consecutive year, highlighting its position as a leading real estate franchisor.
This accolade reflects RE/MAX's robust franchise network, which boasts over 140,000 sales associates in nearly 9,000 offices across more than 110 countries.
The Franchise 500 evaluation considers factors such as costs, brand strength, and financial stability, providing a comprehensive score from over 150 data points. RE/MAX’s ranking underscores its strength as a franchise opportunity.
RE/MAX announced that eight of its leaders have been recognized in the 2023 Swanepoel Power 200 list, highlighting their influence in the real estate sector. Notably, Nick Bailey, President and CEO, ranks #11. Other leaders ranked include James O'Bryon (#39), Chad Ochsner (#46), and Brenda Tushaus (#58), among others. The rankings assess leaders based on their position, resources, and impact. Additionally, Bailey was acknowledged in Inman's inaugural 2023 Power Players awards, celebrating over 120 industry leaders for their contributions. These accolades underscore RE/MAX's strong leadership and commitment to excellence in the real estate market.
RE/MAX Holdings, Inc. (NYSE:RMAX) plans to release its financial results for the fourth quarter and full year ending December 31, 2022, on February 16, 2023, after market close. A conference call will follow on February 17, 2023, at 8:30 a.m. Eastern Time, allowing interested parties to discuss the results. Investors can register for the call via the provided telephonic link. RE/MAX is recognized as a leading franchisor in the real estate sector, managing over 140,000 agents across nearly 9,000 offices worldwide, reinforcing its significant presence in the industry.
RE/MAX has initiated the rollout of the MAX/Tech platform powered by kvCORE across U.S. affiliates, building on its successful launch in Canada. This comprehensive tech ecosystem offers features such as customizable IDX websites, an AI-powered CRM, and powerful lead generation tools at no additional cost to agents. Grady Ligon, RE/MAX CIO, highlighted the platform's potential to streamline operations and enhance business growth. The rollout will continue throughout the year, supporting both company-owned and independent regions, with additional features like CORE Listing Machine and CORE Team Add-On included to enhance productivity.
RE/MAX has launched its 2023 advertising campaign titled "The Right Agent Can Lead the Way" to emphasize the importance of skilled agents in real estate transactions. The campaign, supported by research from 400 consumers, highlights emotional narratives in three broadcast spots. It addresses the evolving significance of home and the essential role of agents. The campaign also introduces digital content focused on consumer trends. This marks the eighth year of collaboration with Camp + King, reinforcing RE/MAX's brand identity as a leader in the real estate sector as it approaches its 50th anniversary.
RE/MAX has announced its 2023 R4® convention set for February 27 to March 1 in Las Vegas, celebrating 50 years of the brand. The event will showcase prominent speakers from various industries, including Bear Grylls and Jared James, aimed at inspiring RE/MAX brokers and agents. Attendees will gain insights into leveraging brand resources for success in a shifting market. Pre-conference sessions begin on February 26, focusing on skill enhancement and recognized designations. Registration is open to RE/MAX affiliates and guests.
RE/MAX has launched a new real estate training program, partnering with Buffini & Company to introduce the 100 Days to Greatness course for its affiliates in Brazil. This 14-week program, aimed at enhancing agents' business skills, has been translated into Portuguese for local participants. The initiative responds to the high dropout rate of new agents, offering essential resources to foster long-term success. Past participants from similar programs average seven transactions and earn around $75,500. RE/MAX, a leading global real estate franchisor, emphasizes its commitment to agent development.
FAQ
What is the current stock price of RE/MAX HOLDINGS (RMAX)?
What is the market cap of RE/MAX HOLDINGS (RMAX)?
What does RE/MAX Holdings, Inc. do?
Who founded RE/MAX?
How many agents does RE/MAX have?
What are the key segments of RE/MAX Holdings, Inc.?
What recent achievements has RE/MAX accomplished?
What is Motto Mortgage?
How does RE/MAX contribute to the community?
What financial performance did RE/MAX report in the first quarter of 2024?
What is the focus of RE/MAX's operational strategy?
Where can I find more information about RE/MAX?
