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RE/MAX HOLDINGS, INC. - RMAX STOCK NEWS

Welcome to our dedicated page for RE/MAX HOLDINGS news (Ticker: RMAX), a resource for investors and traders seeking the latest updates and insights on RE/MAX HOLDINGS stock.

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.

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RE/MAX, LLC announced the inclusion of nine new companies into its Approved Supplier program on December 22, 2020. This program connects affiliates with vetted service providers, enhancing their business operations. Notable new suppliers include Digs for financial tools, eComFax for secure faxing, and Hurdlr for expense tracking. These partnerships aim to provide RE/MAX agents with exclusive discounts and resources, driving efficiency and additional value in their services.

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RE/MAX has launched its 'Miracle Masks' campaign to benefit Children's Miracle Network (CMN) Hospitals, featuring face coverings designed by children impacted by the organization. Each pack of three masks sells for $30, donating $15 to local CMN Hospitals. This initiative aims to address the significant revenue loss of approximately $67 million reported by CMN Hospitals during the pandemic. Additionally, RE/MAX is organizing a luxury auction and virtual toy drives as part of its continuing commitment to support children and families in need.

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RE/MAX Holdings, Inc. (NYSE: RMAX) announced that CFO Karri Callahan and Motto Mortgage President Ward Morrison will attend the 2020 Stephens Annual Investment Conference on November 17, 2020, at 10:00 a.m. EST. This event will be streamed live via audio webcast, accessible through the RE/MAX investor relations website. RE/MAX, founded in 1973, is a leading real estate franchise with over 135,000 agents in more than 110 countries and territories. Motto Mortgage, launched in 2016, has expanded to over 130 offices in 30 states.

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RE/MAX Holdings (RMAX) reported Q3 2020 results highlighting a 5.1% increase in overall agent count, reaching 134,769 agents. Revenue totaled $71.1 million, down 0.7% from Q3 2019, with adjusted EBITDA at $30.3 million, a 7.7% increase. Net income decreased to $3.6 million, with GAAP EPS falling to $0.19. Total operating expenses rose 25.3% to $60.3 million, driven by increased operational costs. The company declared a quarterly dividend of $0.22 per share, payable December 2, 2020.

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RE/MAX Holdings, Inc. (NYSE: RMAX) announced a quarterly cash dividend of $0.22 per share of Class A common stock. The dividend will be payable on December 2, 2020, to shareholders of record by the close of business on November 18, 2020. With over 130,000 agents in more than 110 countries, RE/MAX leads the global real estate franchise market. This announcement reflects the company's commitment to returning value to shareholders while continuing its growth in the real estate and mortgage sectors.

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RE/MAX Holdings (RMAX) released its operational and financial outlook for Q3 2020, forecasting a 4.0%-4.5% increase in agent count and projected revenue between $69.0 million and $71.0 million. The company also announced the acquisition of the Gadberry Group, enhancing its technological capabilities. This acquisition, alongside the previously announced wemlo acquisition, aims to diversify RE/MAX's revenue streams. Despite expecting these acquisitions to be accretive to Adjusted EBITDA in 2022, immediate financial impacts are anticipated to be negligible.

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FAQ

What is the current stock price of RE/MAX HOLDINGS (RMAX)?

The current stock price of RE/MAX HOLDINGS (RMAX) is $10.9 as of December 23, 2024.

What is the market cap of RE/MAX HOLDINGS (RMAX)?

The market cap of RE/MAX HOLDINGS (RMAX) is approximately 204.4M.

What does RE/MAX Holdings, Inc. do?

RE/MAX Holdings, Inc. is a global leader in real estate franchising and mortgage brokerage services, known for its extensive network of over 140,000 agents in more than 110 countries.

Who founded RE/MAX?

RE/MAX was founded in 1973 by Dave and Gail Liniger.

How many agents does RE/MAX have?

RE/MAX has over 140,000 agents operating in nearly 9,000 offices across more than 110 countries.

What are the key segments of RE/MAX Holdings, Inc.?

The key segments include Real Estate, Mortgage, Marketing Funds, and Others, with the Real Estate segment generating the majority of revenue.

What recent achievements has RE/MAX accomplished?

RE/MAX has been recognized for industry leadership, with several executives listed on the Swanepoel Power 200 and RISMedia's Real Estate Newsmakers. The company also earned a spot on the Entrepreneur Franchise 500® ranking.

What is Motto Mortgage?

Motto Mortgage is a subsidiary of RE/MAX Holdings and is the first and only national mortgage brokerage franchise in the U.S., with over 225 offices across almost 40 states.

How does RE/MAX contribute to the community?

RE/MAX has raised over $130 million for Children's Miracle Network Hospitals® and other charities, emphasizing its commitment to community service.

What financial performance did RE/MAX report in the first quarter of 2024?

RE/MAX reported first-quarter 2024 revenue of $78.3 million, with a significant portion coming from recurring revenue streams.

What is the focus of RE/MAX's operational strategy?

RE/MAX focuses on global expansion, enhancing technology platforms, and providing top-tier support and resources to its franchisees and agents.

Where can I find more information about RE/MAX?

For more information about RE/MAX, visit their official website at https://www.remax.com.

RE/MAX HOLDINGS, INC.

NYSE:RMAX

RMAX Rankings

RMAX Stock Data

204.38M
16.57M
12.23%
85.5%
3.9%
Real Estate Services
Real Estate Agents & Managers (for Others)
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United States of America
DENVER