Welcome to our dedicated page for Re Max Hldgs news (Ticker: RMAX), a resource for investors and traders seeking the latest updates and insights on Re Max Hldgs stock.
RE/MAX Holdings Inc (NYSE: RMAX) maintains its position as a global leader in real estate franchising through continuous innovation and strategic market expansion. This news hub provides investors and industry professionals with essential updates about the company’s operational milestones, financial performance, and agent network growth.
Access authoritative information on quarterly earnings, franchise developments, technology initiatives, and leadership updates. Our curated collection features official press releases and verified third-party reports, ensuring you stay informed about RMAX’s evolving position in residential and mortgage brokerage markets.
Key content categories include financial disclosures, strategic partnerships, agent network statistics, and regulatory filings. All materials are organized chronologically highlight RE/MAX’s progress in enhancing its technology platforms and expanding its international footprint across 100+ countries.
Bookmark this page for streamlined access to RE/MAX Holdings’ latest developments. Regularly updated content helps stakeholders make data-driven decisions while tracking the company’s performance in competitive real estate markets.
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.
RE/MAX has successfully closed the sale of Master Franchise Rights in Pakistan to American International Partners, enhancing its footprint in the fifth most populous country. Additionally, the franchise rights in Guyana have been sold to RE/MAX veteran Shiv Misir and partners. This expansion aims to elevate real estate standards in both regions and introduce the RE/MAX brand, offering improved services and trust in real estate transactions. Anticipated openings for RE/MAX Pakistan are set for Spring 2022, while Guyana's entry is projected by the end of September 2021.
Adam Contos, CEO of RE/MAX Holdings, announces his new book, "Start with a Win: Tools and Lessons to Create Personal and Business Success, " set for release on October 19, 2021. The book encompasses leadership strategies and personal growth lessons drawn from his experiences in real estate and law enforcement. It aims to help leaders manage chaos and foster resilience. All profits from sales will benefit Children's Miracle Network Hospitals. RE/MAX, a major franchisor in the real estate market, boasts nearly 140,000 agents across over 110 countries.
The RE/MAX Collection brand announced keynote speakers for its 9th Annual Luxury Forum, taking place on Oct. 27-28, 2021, at the JW Marriott Camelback Resort in Scottsdale. Notable speakers include HGTV host Tamara Day and Master Sommelier Alpana Singh. The event aims to enhance productivity for luxury agents, offering insights on client engagement and the use of social media. Registration costs $299, with an early bird rate of $249 until Aug. 31. RE/MAX, a leader in real estate franchising, boasts nearly 140,000 agents worldwide.
RE/MAX announced significant growth in the first half of 2021, with nearly 400 new franchises and over 500 renewals worldwide. Notably, the acquisition of RE/MAX INTEGRA's North American regions added more than 19,000 agents and over 1,100 offices. In Q2 alone, the company sold over 50 franchises in the U.S. and Canada, and 175 internationally. Senior VP Josh Bolgren highlighted that this growth enhances brand visibility and market share. The company now operates nearly 140,000 sales associates globally, further solidifying its position as a leader in the real estate market.
RE/MAX hosted its 2021 Broker/Owner Conference in Austin, TX from August 8-10, focusing on business growth, recruitment, and profitability. Key sessions featured CEO Adam Contos highlighting RE/MAX's innovative spirit and commitment to technology enhancements, aiming to support over 200,000 agents globally. New tools include the exclusive RE/MAX First® app with added recruiting features and a revamped RE/MAX University® launching in October 2021. The conference also announced family health insurance options for affiliates and the return of the R4 convention in Las Vegas in 2022.
RE/MAX Holdings reported strong second-quarter 2021 results, highlighting a total revenue of $77.2 million, up 48% year-over-year. Net income reached $5.2 million with GAAP EPS of $0.27. The company added over 8,000 agents, reflecting a 6.3% increase in total agents globally. Adjusted EBITDA increased by 61.3% to $30.5 million, with a margin of 39.5%. The acquisition of RE/MAX INTEGRA's North American operations was completed, and the company plans to raise its revenue guidance for 2021. A quarterly dividend of $0.23 was approved, payable on August 31, 2021.
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.
