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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.
On Oct. 22, 2021, RE/MAX announced the addition of four new vendors to its Approved Supplier program, enhancing resources for its agents in the U.S. and Canada. The new suppliers include:
- MoveEasy: A platform assisting with moving tasks.
- Listing to Leads: An automated marketing tool for lead generation.
- Real Grader and Instacard: Tools for digital branding and contact sharing.
- Real Estate Shows: Automated real estate video tour service.
These resources aim to help agents enhance their business efficiency and customer service.
RE/MAX has been recognized as having the Most Trusted Real Estate Agents in America, according to the 2022 BrandSpark American Trust Study, which surveyed 8,000 American shoppers. The award is based entirely on consumer votes, highlighting the brand's trustworthiness in real estate transactions. Established in 1973, RE/MAX has expanded to over 140,000 sales associates in more than 110 countries, making it a global leader in real estate franchising. RE/MAX President Nick Bailey emphasized the importance of trust in real estate transactions.
Wemlo, a subsidiary of RE/MAX Holdings, announced the launch of its innovative Loan Brokering System (LBS) on October 17, 2021. This technology aims to transform the mortgage brokerage industry by streamlining processes for mortgage loan originators (MLOs). The LBS is designed specifically for the broker channel, featuring enhanced Automated Underwriting System (AUS) feedback, a real-time borrower portal, and integrated communication tools for timely closings. It promises efficiency with an all-inclusive pricing model and is set to go live in January 2022.
On October 13, 2021, RE/MAX announced a major reinvention of its RE/MAX University platform, designed to enhance agents' professional skills. The updated platform utilizes artificial intelligence to personalize learning experiences, offering thousands of educational resources accessible via desktop or mobile. Agents who engaged with the previous version saw transaction increases of 29%-38% and commission boosts of 31%-233%. RE/MAX aims to equip agents with resources for success in fluctuating markets, emphasizing that education leads to higher earnings.
RE/MAX has been named the leading real estate franchise brand for the 13th consecutive year in the 2021 Franchise Times Top 400 survey. This achievement highlights RE/MAX's market strength, ranking #12 overall among various franchises including notable brands like McDonald's and 7-Eleven. The company boasts over 140,000 sales associates in more than 110 countries. Earlier in 2021, RE/MAX was also recognized in Entrepreneur's Franchise 500 survey, showcasing its financial strength and brand stability. This recognition reinforces the company's commitment to supporting its agents and brokers.
RE/MAX, LLC announces the inaugural Global RE/MAX Day on October 6, aiming to engage its network of nearly 140,000 affiliates in over 110 countries for community service efforts. Participants are encouraged to volunteer in various charitable activities. RE/MAX has a history of philanthropy, having raised over $170 million since 1992 for Children's Miracle Network Hospitals. The initiative reflects RE/MAX's commitment to community impact, fostering local involvement worldwide.
RE/MAX Commercial concluded its 14th annual Commercial Symposium in Denver, focusing on emerging trends in the commercial real estate market. With insights from industry experts like Rick Sharga, who noted a strong rebound in commercial real estate post-pandemic, and Steve Weikal of MIT, discussing technological advancements, the event highlighted the importance of human interaction amid evolving tech. In 2020, RE/MAX Associates closed over 39,000 commercial transactions totaling $11.6 billion in sales volume, showcasing the network's ongoing growth and adaptation.
On September 10, 2021, RE/MAX Holdings (NYSE: RMAX) announced the retirement of Dan Predovich from its Board of Directors after 16 years of service. Chairman Dave Liniger expressed gratitude for Predovich's contributions during his tenure, highlighting his extensive expertise in finance and accounting. Predovich has retired from his CPA practice and now steps back from the board, signaling a transition in leadership. RE/MAX continues to be a leading global franchisor in real estate, with nearly 140,000 agents across over 110 countries.
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