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RE/MAX Holdings, Inc. reports news about its franchise-based real estate and mortgage brokerage businesses. The company operates through the REMAX real estate brokerage brand and the Motto Mortgage brokerage franchise brand, with recurring updates on financial results, franchise network activity, brokerage affiliations, agent productivity, brand programs and housing-market reports.
Company announcements also cover material agreements, listing and technology initiatives, industry conferences, governance matters and capital-structure disclosures. News about RMAX is tied to residential real estate transaction trends, franchise recruiting and retention, mortgage brokerage expansion and the operating performance of its real estate, mortgage and marketing fund activities.
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RE/MAX Holdings (NYSE: RMAX), a leading real estate franchisor, announced the participation of Chief Financial Officer Karri Callahan and Ward Morrison, President of Motto Franchising, at the 2021 Stephens Investment Conference on December 1, 2021, at 8:00 a.m. CST. The event will include a live webcast, accessible through their investor relations website. With more than 140,000 agents in over 8,600 offices globally, RE/MAX continues to lead the industry in residential real estate transactions.
RE/MAX Holdings reported a 28% increase in total revenue to $91 million in Q3 2021 compared to the previous year. Excluding Marketing Funds, revenue grew by 25.9% driven by 6.9% organic growth and acquisitions, particularly the RE/MAX INTEGRA North American acquisition. However, the company faced a net loss of $25.1 million and a GAAP loss per share of $1.34. Adjusted EBITDA rose by 15.2% to $35 million, while agent count increased 4.6% to over 140,000. The company anticipates stronger growth in 2022, despite recent challenges.
RE/MAX Holdings (NYSE:RMAX) will release preliminary financial results for Q3 2021 on November 22, 2021, after market close. A conference call is scheduled for November 23, 2021, at 8:30 a.m. Eastern Time. The company is one of the largest franchisors of real estate brokerage services globally, with over 140,000 agents in more than 8,600 offices across over 110 countries. RE/MAX continues to innovate within the industry, having launched Motto Mortgage in 2016, which now has over 175 offices.
RE/MAX, LLC announced the appointment of Christopher Alexander as President of RE/MAX Canada on November 18, 2021. This follows the successful acquisition of RE/MAX INTEGRA, expanding their network to over 19,000 agents in Ontario and the Atlantic provinces. Alexander brings a strong background in real estate, having started as a RE/MAX Sales Associate in 2010. RE/MAX's agent count in Canada has recently grown by 10% year over year, reflecting its strong position in the market. The company aims to unify its brand strategy across Canada under Alexander's leadership.
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RE/MAX announced that Gary Acosta, Co-Founder & CEO of NAHREP, received the "On the Shoulders of Giants" award at the RISMedia event on November 12, 2021. This award honors those whose contributions in real estate often go unrecognized. Acosta has significantly advanced NAHREP, which boasts over 40,000 members and 80 local chapters. He also founded the Hispanic Wealth Project, aiming to triple Hispanic household wealth by 2024. RE/MAX has partnered with NAHREP since 2015 and has sponsored this award for 15 years, showing its commitment to the Hispanic community.
RE/MAX Holdings, Inc. (NYSE: RMAX) has declared a quarterly cash dividend of $0.23 per share of Class A common stock. This dividend is payable on December 1, 2021, to shareholders recorded by the close of business on November 17, 2021. The company, a leading franchisor of real estate services, boasts over 140,000 agents in more than 8,600 offices worldwide. RE/MAX aims at continuous innovation, and in 2016 introduced Motto Mortgage, now with over 175 offices across nearly 40 states.
The RE/MAX Collection luxury brand successfully concluded its 9th Annual Luxury Forum at the JW Marriott Camelback Resort in Scottsdale, Arizona. This event gathered luxury real estate professionals, featuring esteemed speakers who shared insights on client engagement and social media strategies. The forum highlighted the Luxury Launchpad, a platform designed to enhance luxury real estate transactions and recognized as a finalist in the 2021 Inman Golden I Club awards. Attendees received valuable advice from industry leaders on expanding their businesses.
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