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.
RE/MAX, , the leading name in real estate, is hosting the 2024 RE/MAX Global Commercial Symposium from June 10-12 in Tampa, aimed at enhancing the skills of commercial brokers. With over 11,000 brokers in the network closing over $17.5 billion in commercial sales in 2023, the event offers valuable insights, networking opportunities, and cutting-edge technology for attendees.
RE/MAX Holdings, Inc. reported total revenue of $78.3 million and adjusted EBITDA of $19.0 million for the first quarter of 2024. Total revenue decreased by 8.3% compared to the same period last year, driven by negative organic growth. The net loss attributable to RE/MAX Holdings was $3.4 million, with a loss per diluted share of $0.18. Total agent count decreased by 236 agents to 143,287 agents. U.S. and Canada combined agent count decreased by 4.3% to 78,955 agents. Operating results reflect the company's focus on cost management amidst market uncertainties.
RE/MAX, the No. 1 name in real estate, is hosting The RE/MAX Collection Luxury Forum on June 18-19 at The Ritz-Carlton, Lake Tahoe. The event offers luxury real estate agents networking opportunities, insights from industry leaders, and cutting-edge strategies to elevate their business in the luxury segment. Attendees can expect feature presentations, panel discussions, breakout sessions, and networking opportunities.
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