Re Max Hldgs Inc Stock Price, News & Analysis

The RE/MAX Collection announced the 10th Annual Luxury Forum taking place on June 14-15 in Dallas, featuring keynote speakers like Jordan Cohen, Dr. Jessica Lautz, and Matt Havens. With Cohen closing over $314M sales last year, he will share insights with luxury agents. Dr. Lautz will discuss the Future of Home, while Havens will address generational challenges. The event includes sessions led by RE/MAX executives, networking opportunities, and an early bird registration rate of $319 until May 23.

RE/MAX Holdings reported strong first-quarter results for 2022, with total revenue increasing 25.9% to $91.0 million. Excluding Marketing Funds, revenue rose 25.9% to $68.2 million, driven by 10.5% organic growth and acquisitions. Net income for the quarter was $1.5 million, or $0.08 per share. Adjusted EBITDA also grew by 20.5% to $27.9 million, achieving a margin of 30.7%. The total agent count rose 1.6% to 142,405. A quarterly dividend of $0.23 per share was approved, payable on May 25, 2022.

RE/MAX Holdings (NYSE: RMAX) has declared a quarterly cash dividend of $0.23 per share for its Class A common stock, payable on May 25, 2022. Shareholders of record as of May 11, 2022 will qualify for this dividend. As a prominent franchisor in the real estate sector, RE/MAX operates globally with over 140,000 agents across nearly 9,000 offices. The company continues to navigate challenges, including the ongoing impact of the COVID-19 pandemic and fluctuations in real estate markets.

T3 Sixty's 2022 Corporation report ranks RE/MAX as the leader in agent productivity, averaging 16.1 transaction sides per agent. The firm also noted that RE/MAX agents outsold competitors by 2-to-1 in 2021. Additionally, RE/MAX is among the top three franchise brands by sales volume, with the largest year-over-year jump in market share since 2018. The report highlights RE/MAX's strong presence in over 110 countries and territories, reflecting its global brand awareness and extensive reach in the real estate market.

RE/MAX, LLC has established a corporate partnership with the Women's Council of REALTORS®, enhancing leadership opportunities for its U.S. affiliates. This initiative will connect over 12,000 real estate professionals, supporting female leadership within the RE/MAX network, where women represent a significant portion of agents and executives. This partnership aligns with RE/MAX's mission to promote inclusivity and entrepreneurship in real estate.

RE/MAX, LLC appoints Ben Fairfield as Vice President of Region Development for the West Region, overseeing operations in 15 western U.S. states. Fairfield brings over 16 years of real estate experience, having previously improved sales by 334% at Keller Williams Realty Coeur D'Alene. His focus at RE/MAX will be on enhancing franchisee growth and success. Fairfield was attracted to RE/MAX for its consistent brand strength and history of success, emphasizing the importance of established brands in the ever-evolving real estate market.

RE/MAX Holdings, Inc. (NYSE:RMAX) is set to announce its financial results for Q1 2022, after market close on April 28, 2022. A conference call will take place on April 29, 2022, at 8:30 a.m. Eastern Time. Interested investors can participate in the call via webcast or telephone. RE/MAX is a leader in the real estate industry with over 140,000 agents in nearly 9,000 offices worldwide, known for its innovative approach since its founding in 1973. Motto Mortgage, a subsidiary, has expanded rapidly since its launch in 2016.

RE/MAX agents continue to outperform competitors, achieving more than double the transaction sides in 2021, according to the 2022 RealTrends 500 survey. RE/MAX agents averaged 16.5 transactions per agent, compared to 7.6 for other agents. Notably, 28% of 1,733 brokerages surveyed were RE/MAX, the highest among all brands. RE/MAX agents also recorded an average sales volume of $5.9 million, 61% higher than competitors. Additionally, 42 RE/MAX offices made it to the Billionaire's Club, with RE/MAX Gold generating $16.8 billion in sales.

RE/MAX, LLC announced the sale of over 1,000 franchises and renewal of more than 1,100 brokerages in 2021, showcasing significant growth. In Q4 alone, approximately 450 new franchises were sold. The company achieved a milestone, with agents closing over 2 million transaction sides, a record in the real estate industry. RE/MAX emphasizes solid support for its affiliates and continues to enhance its training and technology offerings. Celebrating its 50th year, RE/MAX operates globally with over 140,000 agents in nearly 9,000 offices, underscoring its dominance in residential transactions.