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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 Holdings, Inc. (NYSE: RMAX) has declared a quarterly cash dividend of $0.23 per share of Class A common stock, payable on March 16, 2022, to shareholders on record by March 4, 2022. The CFO, Karri Callahan, emphasized the company's commitment to returning capital to shareholders while pursuing growth and generating free cash flow. RE/MAX operates globally with over 140,000 agents in nearly 9,000 offices. The company continues to evaluate its capital deployment strategies to enhance shareholder value.
RE/MAX, LLC has successfully closed the sale of Master Franchise Rights in Kazakhstan and Uzbekistan, marking its first entry into Central Asia. The agreements were signed with local entrepreneurs Batjargal Bazarsuren and Safa Karaduman. This move is part of RE/MAX's broader strategy to expand into the Euro-Caucasus Region, enhancing its global footprint. The franchise aims to improve the local real estate markets by introducing higher standards and ethical practices, aiming to cater to the growing economies of these nations.
On February 14, 2022, RE/MAX announced the addition of three companies to its Approved Supplier program, enhancing resources for agents in the U.S. and Canada. The new suppliers are Brokerage Engine, which provides an all-in-one back-office platform; Exposio, offering AI-driven HDR photography solutions; and PropTexx, specializing in AI-enhanced property marketing tools. These suppliers present exclusive discounts on various services, empowering RE/MAX agents to optimize their business operations and improve client service.
RE/MAX announced its 2022 R4 convention, scheduled from February 28 to March 2 in Las Vegas. The event aims to equip brokers and agents with innovative strategies, featuring prominent speakers including Nick Bailey, Adam Contos, and Luvvie Ajayi Jones. Attendees can participate in pre-conference sessions starting February 26, focusing on skill enhancement and certification opportunities. RE/MAX, with over 140,000 agents globally, emphasizes its leadership in residential transactions, maintaining a strong community presence through charitable efforts.
RE/MAX Holdings, Inc. (NYSE:RMAX) will release its financial results for the fourth quarter and full year ended December 31, 2021, on February 23, 2022, post-market close. A subsequent conference call will take place on February 24, 2022, at 8:30 a.m. Eastern Time. Investors can access the webcast and register in advance for the telephonic call. RE/MAX, a leader in real estate franchising with over 140,000 agents globally, also operates Motto Mortgage, expanding its reach in the mortgage sector with over 175 offices in nearly 40 states.
RE/MAX Holdings, Inc. (NYSE: RMAX) announced the impending departure of CEO Adam Contos, effective March 31, 2022, to focus on family and new ventures. Stephen Joyce, a Board member, will serve as interim CEO starting March 1, 2022, ensuring a smooth transition. The Board plans to establish a CEO search committee for a permanent replacement. Additionally, RE/MAX appointed Nick Bailey and Ward Morrison as CEOs of RE/MAX and Motto Mortgage, respectively. The Board also authorized a $100 million share repurchase program, reflecting confidence in the company's strategic growth and financial health.
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