RE/MAX Agents, Teams Among the Most Productive in U.S.

Rhea-AI Summary

RE/MAX has announced that nearly 2,500 of its agents and team leaders have been recognized for their exceptional productivity in the 2024 RealTrends Verified Top Agents and Teams rankings. This list highlights the top-performing agents and teams based on transaction sides and sales volume in 2023. Among the nearly 22,000 participants, RE/MAX affiliates made up a significant portion, reinforcing the brand's high standards and productivity.

Additionally, 138 RE/MAX professionals were honored in the exclusive RealTrends + Tom Ferry 'The Thousand' rankings. The performance of RE/MAX teams was particularly noteworthy, with significant averages in transaction sides per agent across multiple team categories.

RE/MAX President Amy Lessinger emphasized the dedication and expertise of RE/MAX agents, underscoring their commitment to providing unparalleled service. The company continues to lead the industry by equipping its agents with advanced tools and educational programs.

Positive

• Nearly 2,500 RE/MAX agents and team leaders recognized in 2024 RealTrends rankings.
• RE/MAX affiliates represent almost one in eight of the nearly 22,000 qualifying participants.
• 138 RE/MAX professionals featured in the elite RealTrends + Tom Ferry 'The Thousand' rankings.
• RE/MAX teams averaged 18.1 transaction sides per agent, surpassing the 11.3 average for other teams.
• RE/MAX teams had the highest sides-per-agent average in three of the four team categories.
• Nearly a quarter of the top 507 individuals and teams in transaction sides were RE/MAX affiliates.
• RE/MAX agents and teams ranked in the top 10 in seven of the 10 categories.
• RE/MAX provides industry-leading educational programs and a cutting-edge technology platform for agents.

Negative

• No specific negative business aspects identified in the press release.

Insights

Real Estate Market Analyst

The recognition of RE/MAX agents and teams in the 2024 RealTrends rankings highlights their productivity and market dominance. With nearly one-eighth of the top-performing agents and teams being affiliated with RE/MAX, it underscores the company's effective business model and training programs. The fact that RE/MAX teams outperform others in transaction sides per agent is particularly noteworthy. This implies a strong internal support system and robust market strategies that enable agents to handle higher volumes efficiently.

For investors, this level of productivity may signal a well-managed organization with a network of highly motivated and capable agents. In the short term, this recognition could enhance RE/MAX's brand value and client trust, potentially increasing market share. Long-term benefits could include sustained growth and stability, as the high productivity and strong performance often correlate with better financial health and a competitive edge in the real estate industry.

Financial Analyst

From a financial perspective, the high rankings of RE/MAX agents and teams in the RealTrends list may translate into robust revenue streams. High transaction volumes and sales figures indicate that RE/MAX is effectively monetizing its services. The superior performance also suggests high client satisfaction, likely leading to repeat business and referrals, which are important revenue drivers in real estate.

Investors should consider the implications of these rankings on RE/MAX's earnings reports. Increased transaction sides and sales volumes often lead to higher commission revenues. This could positively impact quarterly and annual financial results, providing a catalyst for stock performance. However, it’s important to monitor market conditions, as the real estate market can be volatile. While the immediate impact is positive, long-term sustainability will depend on RE/MAX’s ability to maintain its competitive advantage and adapt to market changes.

Market Research Analyst

The achievements of RE/MAX agents and teams as highlighted in the RealTrends rankings reflect a strong understanding of market dynamics and consumer behavior. The ability of RE/MAX agents to close high volumes of transactions indicates effective use of market data and client targeting. This level of productivity can attract more clients who are looking for reliable and efficient real estate services.

For retail investors, it’s essential to understand that such rankings can enhance RE/MAX’s reputation, making it a preferred choice for property buyers and sellers. This enhanced reputation can drive more business, leading to increased revenue and potential market expansion. Additionally, the utilization of advanced technology platforms and educational programs suggests that RE/MAX is investing in long-term capabilities to sustain its market leadership.

2024 RealTrends Agent and Team Rankings Reflect the High Quality, Productivity Throughout the RE/MAX Network

DENVER, June 5, 2024 /PRNewswire/ -- RE/MAX^®, the No. 1 name in real estate¹, is proud to announce that nearly 2,500 RE/MAX agents and team leaders have been recognized on the 2024 RealTrends Verified Top Agents and Teams rankings for exceptional production in 2023². Of the nearly 22,000 participating U.S. agents and team leaders that qualified for the list, 2,495 – almost one of every eight – are RE/MAX affiliates. To qualify for the rankings, individual agents must have closed at least 40 transaction sides or $16 million in sales volume in 2023, and teams must have closed at least 60 transaction sides or $24 million in sales volume in 2023.

Additionally, 138 of the RE/MAX real estate professionals named to RealTrends Verified were also honored in the 2024 RealTrends + Tom Ferry "The Thousand" rankings – an elite subset of the RealTrends Verified list, which honors the 1,000 agents and teams with the most transaction sides and highest sales volume³. Of the 138 RE/MAX affiliates appearing in The Thousand, 118 qualified by transaction sides – reinforcing the top-producer culture throughout the RE/MAX network.

Amy Lessinger, President of RE/MAX, LLC, said, "RE/MAX agents continue to succeed in part because of the high standards and values they set for themselves. They are committed to providing their clients with unparalleled service and expertise, and this recognition underscores that dedication to professional excellence."

RE/MAX teams also shined in the rankings. The 969 qualifying RE/MAX teams averaged 18.1 sides per agent, easily outdistancing the 11.3 per-agent average for all other teams in the rankings. Further, RE/MAX teams had the highest sides-per-agent average in three of the four team categories: 26.5 for small, 16.7 for medium, and 14.3 for large⁴.

Other highlights from The Thousand:

• Among the 507 individuals and teams closing the most residential transaction sides, nearly a quarter were affiliated with RE/MAX.
• RE/MAX agents and teams ranked in the top 10 in seven of the 10 categories³.

Lessinger adds, "RE/MAX agents understand their local markets and have the skills to offer personalized solutions and strategic advice to their clients. As these reports illustrate, RE/MAX affiliates are a great choice for buyers and sellers who value experience, productivity and results."

As the real estate market continues to evolve, RE/MAX remains at the forefront, driven by a value proposition that centers around equipping agents with the right tools to adapt and thrive in any market. RE/MAX offers industry-leading educational programs through RE/MAX University®, the cutting-edge technology platform MAX/Tech^SM powered by kvCORE, and a global referral network of professionals with a presence in more than 110 countries and territories.

About the RE/MAX Network
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in nearly 9,000 offices and a presence in more than 110 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit news.remax.com.

¹ MMR Strategy Group study of unaided awareness.
² RealTrends Verified list ranks participating U.S. agents and teams based on their 2023 residential transaction sides and sales volume.
³RealTrends "The Thousand" list ranks participating U.S. agents and teams based on their 2023 residential transaction sides and sales volume.
⁴2024 RealTrends Verified teams based on 2023 residential transaction data from participating U.S. agents. Compares brands with at least 150 qualifying agents per team category. 

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SOURCE RE/MAX, LLC

FAQ

What are the 2024 RealTrends Agent and Team Rankings?

The 2024 RealTrends Agent and Team Rankings are a list of top-performing real estate agents and teams based on transaction sides and sales volume in 2023.

How many RE/MAX agents were recognized in the 2024 RealTrends rankings?

Nearly 2,500 RE/MAX agents and team leaders were recognized in the 2024 RealTrends rankings.

What criteria were used for qualifying in the 2024 RealTrends rankings?

Individual agents needed to close at least 40 transaction sides or $16 million in sales volume, while teams needed to close at least 60 transaction sides or $24 million in sales volume in 2023.

How did RE/MAX teams perform in the 2024 RealTrends rankings?

RE/MAX teams averaged 18.1 transaction sides per agent, outperforming the 11.3 per-agent average for other teams, and had the highest sides-per-agent average in three of the four team categories.

What is 'The Thousand' list in the RealTrends rankings?

'The Thousand' is an elite subset of the RealTrends Verified list, honoring the top 1,000 agents and teams with the most transaction sides and highest sales volume.

How many RE/MAX professionals were featured in 'The Thousand' rankings?

138 RE/MAX professionals were featured in 'The Thousand' rankings for 2024.

What tools and programs does RE/MAX offer to its agents?

RE/MAX offers industry-leading educational programs through RE/MAX University, a cutting-edge technology platform MAX/Tech powered by kvCORE, and a global referral network.