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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 has been inducted into the inaugural Entrepreneur Franchise 500 Hall of Fame, recognizing its consistent performance over 39 years on the Franchise 500 list. This honor highlights RE/MAX's commitment to franchisee support and brand strength within the real estate sector. The Franchise 500 ranking evaluates over 1,321 companies based on 150 data points, including financial stability and growth. RE/MAX operates with more than 140,000 agents in over 9,000 offices across 110+ countries, leading the global market in residential transactions. This achievement underscores RE/MAX's longstanding reputation and future growth potential.
RE/MAX, a leading name in real estate, reported a remarkable growth in franchise agreements, with nearly 400 signed in Q4 2022, nearly doubling Q3's total. This surge contributed to over 960 franchise sales for the entire year. Additionally, more than 1,000 franchise renewals took place in 2022. The company also expanded internationally, completing a sale in the Seychelles and acquiring rights in Guadeloupe and Benin. RE/MAX attributes its success to 50 years of experience and robust support systems for agents. The network, with over 140,000 sales associates in more than 9,000 offices globally, emphasizes its commitment to enhancing real estate standards worldwide.
RE/MAX launches its "Unstoppable Starts Here" campaign, aimed at reinforcing brand association benefits for real estate agents. The campaign follows a survey revealing that a positive brokerage reputation is a key driver for agents joining brokerages, with 12% citing it as a primary reason. The brand maintains a competitive edge in the real estate industry, averaging 16.5 transaction sides per agent compared to competitors' 7.6. The refreshed marketing materials will enhance agent credibility and attract more homebuyers and sellers. RE/MAX's extensive global network surpasses 140,000 agents in over 9,000 offices worldwide.
RE/MAX Holdings reported fourth quarter 2022 revenue of $81.3 million, an 8.9% decrease from the previous year, driven by negative organic growth of 9.1% and adverse foreign currency impacts. The company posted a net loss of $2.6 million, with a loss per diluted share of $0.14. Adjusted EBITDA fell 14.6% to $26.5 million. Despite challenges, total agent count increased by 1.4% to 144,014 agents. RE/MAX announced a quarterly dividend of $0.23 per share and accelerated its share buyback program, indicating ongoing commitment to shareholder returns.
RE/MAX Holdings, Inc. (NYSE: RMAX) announced a quarterly cash dividend of $0.23 per share of Class A common stock, payable on March 22, 2023, to shareholders of record as of March 8, 2023. This reflects the company's commitment to returning value to its shareholders. RE/MAX is a global leader in real estate franchising with over 140,000 agents across nearly 9,000 offices. The firm remains dedicated to innovation in the industry, notably through its Motto Mortgage brand, which has expanded to over 225 offices across more than 40 states.
On February 13, 2023, RE/MAX announced the addition of eleven new vendors to the RE/MAX Approved Supplier program, enhancing its offerings for real estate agents. These new suppliers provide services ranging from anti-crime resources to advanced marketing tools, which aim to streamline operations for affiliates in the U.S. and Canada. Noteworthy additions include DO AudioTours, Formations, and Home Warranty of America, which offer innovative tools and essential services at negotiated rates. This initiative seeks to strengthen the RE/MAX Marketplace and empower agents to focus on client engagement and sales.
On February 8, 2023, RE/MAX announced that ten of its leaders were recognized in RISMedia's 2023 Real Estate Newsmakers list for their significant contributions to the real estate industry. Among the honorees are five leaders from RE/MAX, LLC, including President and CEO Nick Bailey. The recognition highlights strategic initiatives introduced in 2022, such as a new Teams pilot program, Mergers & Acquisitions initiative, and the launch of MAX/Tech powered by kvCORE technology. This acknowledgment underscores RE/MAX's commitment to enhancing homeownership and elevating industry standards.
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