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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 (NYSE: RMAX) has completed the acquisition of the North American regions from RE/MAX INTEGRA, expanding its network by over 19,000 agents (12,000 in Canada, 7,000 in the U.S.) and 1,100 offices. The acquisition is part of RE/MAX's growth strategy, marking the largest regional purchase to date. Additionally, the company amended its Credit Agreement to raise $460 million to repay existing debt and fund the $235 million acquisition. The integration aims to enhance operational efficiency and growth opportunities, with further financial guidance to be released on August 5, 2021.
RE/MAX, LLC announced the addition of five new companies to its Approved Supplier program aimed at enhancing services for agents. The new suppliers include 1800BusinessCards, eLead Network, Payload, RateMyAgent, and Stagerie, providing tools for marketing, lead generation, digital payments, and reputation management. These resources are available via the RE/MAX Marketplace, offering exclusive discounts for agents. This expansion emphasizes RE/MAX's commitment to equipping agents with comprehensive business solutions.
RE/MAX Holdings, Inc. (NYSE:RMAX) will announce its financial results for Q2 2021 on August 4, 2021, after market close. A conference call for stakeholders is scheduled for August 5, 2021, at 8:30 a.m. Eastern Time. RE/MAX is a leading global real estate franchisor, with nearly 140,000 agents in over 110 countries. The company also operates Motto Mortgage, which has expanded to over 150 offices since its launch in 2016. Investors can access the conference call and webcast through the company's Investor Relations website.
RE/MAX, LLC will host its 2021 Broker Owner Conference (BOC) in Austin, Texas, from August 8-10, featuring diverse speakers like Grammy-winning composer Eric Whitacre and athlete Gilbert Tuhabonye. The conference targets RE/MAX brokers, owners, and managers, emphasizing inspiration and innovative business strategies. Early bird registration costs $550, increasing to $650 after July 1 and $750 on-site. RE/MAX, a leading global real estate franchisor, has nearly 140,000 agents worldwide and is known for its entrepreneurial culture.
RE/MAX Holdings, Inc. (NYSE: RMAX) announced the acquisition of North America regions from RE/MAX INTEGRA for approximately $235 million. This acquisition will add nearly 19,000 agents and over 1,100 offices into the RE/MAX, LLC Company-Owned Regions. CEO Adam Contos emphasized this as the largest regional acquisition in company history, enhancing growth opportunities and operational efficiencies. Nick Bailey has been promoted to President of RE/MAX, LLC. The deal is expected to close in Q3 2021, pending customary conditions and financing.
RE/MAX has announced that its proprietary First® app has significantly boosted productivity for its agents since its launch in early 2020. Notable statistics include a 9% average productivity increase for users and over 33,000 new listings identified from agents' contacts. Agents utilizing the app win an average of eight listings within three months. The app, acquired from a North Carolina tech company, leverages machine learning to enhance business opportunities, which is critical given the historically low housing inventory in the U.S.
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