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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, Inc. (NYSE: RMAX) announced the release of its financial results for the quarter ending March 31, 2023, scheduled for May 4, 2023, after market close. A conference call will follow on May 5, 2023, at 8:30 a.m. Eastern Time, accessible via webcast. RE/MAX is a leading real estate franchisor with over 140,000 agents in more than 9,000 offices globally. Founded in 1973, the company emphasizes an innovative culture that empowers its agents. The company also operates the Motto Mortgage brand, the first national mortgage brokerage franchise in the U.S., with over 225 locations in 40 states. Investors are encouraged to register for the call in advance and can find more information on the Investor Relations website.
According to the 2023 RealTrends 500 survey, RE/MAX agents surpassed competitors in transaction sides and sales volume for the 13th consecutive year. RE/MAX agents achieved an average of 13.6 transaction sides, compared to 6.2 for all other agents, and averaged $5.3 million in sales volume, significantly higher than the $3.2 million average of competitors. Additionally, 34 RE/MAX offices made the Billionaire's Club list, closing over $1 billion in sales in 2022. The survey underscores RE/MAX's robust agent productivity amid market shifts, reinforcing its position as a leading choice for consumers.
RE/MAX announced the upcoming 2023 Global Commercial Symposium, set for April 24-26 in Chicago, Illinois. This premier event will bring together current and aspiring commercial real estate professionals for networking and educational opportunities. Keynote speakers include Rod Santomassimo from The Massimo Group and Ray Starling from Aimpoint Research. Attendees can participate in pre-conference sessions focused on achieving success in the competitive commercial real estate market. In 2022, RE/MAX closed over 55,000 commercial transactions, totaling more than $21.9 billion in sales and lease volume. Registration is now open.
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