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.
T3 Sixty's 2022 Corporation report ranks RE/MAX as the leader in agent productivity, averaging 16.1 transaction sides per agent. The firm also noted that RE/MAX agents outsold competitors by 2-to-1 in 2021. Additionally, RE/MAX is among the top three franchise brands by sales volume, with the largest year-over-year jump in market share since 2018. The report highlights RE/MAX's strong presence in over 110 countries and territories, reflecting its global brand awareness and extensive reach in the real estate market.
RE/MAX, LLC has established a corporate partnership with the Women's Council of REALTORS®, enhancing leadership opportunities for its U.S. affiliates. This initiative will connect over 12,000 real estate professionals, supporting female leadership within the RE/MAX network, where women represent a significant portion of agents and executives. This partnership aligns with RE/MAX's mission to promote inclusivity and entrepreneurship in real estate.
RE/MAX, LLC appoints Ben Fairfield as Vice President of Region Development for the West Region, overseeing operations in 15 western U.S. states. Fairfield brings over 16 years of real estate experience, having previously improved sales by 334% at Keller Williams Realty Coeur D'Alene. His focus at RE/MAX will be on enhancing franchisee growth and success. Fairfield was attracted to RE/MAX for its consistent brand strength and history of success, emphasizing the importance of established brands in the ever-evolving real estate market.
RE/MAX Holdings, Inc. (NYSE:RMAX) is set to announce its financial results for Q1 2022, after market close on April 28, 2022. A conference call will take place on April 29, 2022, at 8:30 a.m. Eastern Time. Interested investors can participate in the call via webcast or telephone. RE/MAX is a leader in the real estate industry with over 140,000 agents in nearly 9,000 offices worldwide, known for its innovative approach since its founding in 1973. Motto Mortgage, a subsidiary, has expanded rapidly since its launch in 2016.
RE/MAX agents continue to outperform competitors, achieving more than double the transaction sides in 2021, according to the 2022 RealTrends 500 survey. RE/MAX agents averaged 16.5 transactions per agent, compared to 7.6 for other agents. Notably, 28% of 1,733 brokerages surveyed were RE/MAX, the highest among all brands. RE/MAX agents also recorded an average sales volume of $5.9 million, 61% higher than competitors. Additionally, 42 RE/MAX offices made it to the Billionaire's Club, with RE/MAX Gold generating $16.8 billion in sales.
RE/MAX, LLC announced the sale of over 1,000 franchises and renewal of more than 1,100 brokerages in 2021, showcasing significant growth. In Q4 alone, approximately 450 new franchises were sold. The company achieved a milestone, with agents closing over 2 million transaction sides, a record in the real estate industry. RE/MAX emphasizes solid support for its affiliates and continues to enhance its training and technology offerings. Celebrating its 50th year, RE/MAX operates globally with over 140,000 agents in nearly 9,000 offices, underscoring its dominance in residential transactions.
On March 2, 2022, RE/MAX held its annual R4® convention in Las Vegas, attended by over 7,000 franchise owners and agents from 42 countries. RE/MAX President Nick Bailey announced that agents closed more than 2 million transaction sides in 2021, marking a first for any real estate brand. Agents achieved productivity averages of 16.3 sides/agent in the U.S., 20.4 sides/agent in Canada, and 9.9 sides/agent globally. The convention unveiled new programs, including a partnership for the REAL TEAMS® Solution and welcomed Steve Joyce as Co-CEO.
RE/MAX Holdings reported a robust full-year 2021 with total revenue rising 23.9% to $329.7 million, driven by 11.8% organic growth, 9.8% acquisitions, and 1.1% from currency movements. Despite a net loss of $15.6 million, Adjusted EBITDA grew 29.3% to $119.7 million. The agent count increased 3.1% to 141,998. Looking ahead, RE/MAX anticipates revenue between $366.0 million and $376.0 million for 2022. The company also authorized a $100 million stock repurchase program, reflecting confidence in financial stability.
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