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, LLC announced the promotion of Shawna Gilbert to Senior Vice President of Global Development as of October 21, 2022. Gilbert will oversee RE/MAX Commercial, which operates with 11,000 brokers across over 80 countries, closing $19 billion in transactions in 2021. Her role focuses on supporting RE/MAX affiliates globally, fostering collaboration among nearly 60,000 regional owners and agents. Gilbert has been with RE/MAX since 2010, previously serving as Vice President of Global Development. She reports to Mike Reagan, Senior Vice President of Industry Relations and Global Growth.
RE/MAX has announced the promotion of Sandy Jamison to Vice President of Region Development for the Northeast, overseeing operations across 14 states and Washington, D.C. Jamison's leadership will focus on enhancing regional brokerage support and growth strategies, including mergers and acquisitions. With a background in franchise development and a tenure beginning in 2011, she previously served as Area VP for the West Region. This move aligns with RE/MAX's initiative to accelerate profitable growth through strategic mergers and conversions.
RE/MAX Holdings, Inc. (NYSE:RMAX) will publish its financial results for the quarter ending September 30, 2022, on November 3, 2022, after market close. A conference call is scheduled for November 4, 2022, at 8:30 a.m. ET. Investors can register for the call and access the webcast via the Investor Relations website. RE/MAX, a leader in real estate franchising, boasts over 140,000 agents in nearly 9,000 offices across 110 countries. The company also operates Motto Mortgage, with over 200 offices in the U.S.
RE/MAX Holdings, Inc. (NYSE:RMAX) has appointed Grady Ligon as Chief Information Officer, bringing over 20 years of technology expertise. Ligon's previous roles include CIO at notable companies such as Fathom Realty and Berkshire Hathaway HomeServices. His leadership is anticipated to enhance the technological capabilities across RE/MAX and Motto Mortgage's platforms. This strategic move aligns with recent tech developments including a partnership to launch MAX/Tech Powered by kvCORE. The company aims to maintain a competitive edge and maximize value for all stakeholders as it navigates the evolving real estate landscape.
RE/MAX announced strong franchise performance with over 180 new franchise agreements and 215 renewals globally from April to June 2022. This follows their strategic initiatives focusing on conversions and mergers, aimed at integrating brokerages into the RE/MAX network. Notable remarks include the success of the new MAX/TechSM platform, enhancing marketing and business automation for affiliates. With a presence in over 110 countries, RE/MAX continues to solidify its position as a leading global real estate franchisor.
RE/MAX announced the sale of Master Franchise Rights in Benin to local sales associate Marc Houessou. This expansion marks RE/MAX's entry into a new market, aiming to enhance the real estate industry in Benin. Houessou plans to improve professionalism in local real estate practices by introducing a comprehensive training program through the College de l'immobilier Benin. The initiative is expected to provide better services to homebuyers and sellers, showcasing RE/MAX's commitment to empower local communities.
The 2022 RE/MAX Commercial Symposium, scheduled for September 11-13 in Tucson, Arizona, promises to equip commercial real estate professionals with essential strategies and connections. Keynote speakers include Futurist Greg Lindsay and Rick Sharga from ATTOM Data Solutions. Shawna Gilbert emphasizes the event's focus on navigating post-COVID market changes. Attendees will gain insights from notable speakers like Paul Rumler and Aubrie Kobernus, covering marketing tactics and land deal strategies. RE/MAX closed over $19 billion in commercial transactions in 2021, highlighting the industry's growth.
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