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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.
The 2021 REAL Trends 500 survey reveals that RE/MAX agents surpassed competitors by over 2-to-1 for the 11th consecutive year, averaging 16.0 transaction sides per agent compared to 7.3 for other large brokerages. RE/MAX brokerages constituted 29% of the 1,753 qualifying brokerages, more than any other brand. Agents averaged $5.0 million in sales volume, a 67% increase over the $3.0 million average of competitors, and 87 of the top 100 agents in sales were from RE/MAX. This survey underscores RE/MAX's dominant position in the real estate market.
On March 3, 2021, RE/MAX Holdings announced significant growth in 2020, despite pandemic challenges, selling over 1,000 franchises and renewing more than 1,100 brokerages. The company expanded its presence to several new markets including Belgium and Qatar, and added almost 7,000 agents globally. Executives attribute success to a robust business model and enhanced support tools for agents. With over 135,000 sales associates in over 110 countries, RE/MAX aims to further increase its market share in 2021.
RE/MAX has announced its first-ever hybrid convention, the RE/MAX R4, taking place from March 23 to March 25, 2021, in Orlando, Florida. The event will feature keynote speaker Dave Ramsey, along with other notable industry leaders. Attendees can participate both in-person and virtually, with content translated into 17 languages. The convention aims to provide valuable insights through over 70 sessions that focus on enhancing business success for RE/MAX agents worldwide. Registration is now open for the virtual experience.
RE/MAX Holdings (RMAX) reported its 2020 financial results, showing a total revenue of $266 million, a 4% decline when excluding marketing funds. The agent count rose 5.3% to 137,792 agents, while net income for the year was $11 million, translating to $0.60 per diluted share. In Q4 alone, revenue reached $72.4 million, up 6.2% year-over-year. However, operating expenses increased 12.9% to $65.7 million. The company anticipates a 4-5% growth in agent count and revenue between $300-$310 million for 2021.
On February 23, 2021, RE/MAX announced a new alliance with the National Association of Real Estate Brokers (NAREB) to promote sustainable homeownership among minorities. This partnership, part of the RE/MAX Strategic Alliances program, emphasizes fair housing and will include RE/MAX as a Gold Level Sponsor at NAREB's upcoming events. The collaboration aims to equip RE/MAX agents with essential resources to address unique real estate challenges faced by the Black community, where the homeownership rate is notably lower than the national average.
On February 17, 2021, RE/MAX Holdings (NYSE: RMAX) declared a quarterly cash dividend of $0.23 per share, marking an increase of 1-cent or nearly 5% from the previous quarter. The dividend will be payable on March 17, 2021, to shareholders recorded by March 3, 2021. As the parent company of RE/MAX and Motto Mortgage, RE/MAX Holdings leads in the real estate franchising sector with over 135,000 agents in more than 110 countries.
RE/MAX Holdings, Inc. (NYSE:RMAX) announced it will release its financial results for the fourth quarter and full year ended December 31, 2020, after market close on February 25, 2021. A conference call will follow on February 26, 2021, at 8:30 a.m. Eastern Time for stakeholders to discuss the results. As a leading franchisor in the real estate industry, RE/MAX has over 135,000 agents across more than 110 countries and territories. The company is focused on innovation and expansion, particularly within its Motto Mortgage brand.
RE/MAX launched The Luxury Launchpad, a new dashboard designed to enhance marketing capabilities for luxury real estate agents worldwide. This innovative platform, developed in partnership with LUXVT, consolidates over 45 customizable marketing tools to help agents effectively showcase properties. The Luxury Launchpad includes features like video editing, customizable images, virtual staging, and advertising placements in prominent publications. Accessible to agents across 110 countries, this resource aims to elevate client services and streamline marketing efforts.
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