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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 has launched a new real estate training program, partnering with Buffini & Company to introduce the 100 Days to Greatness course for its affiliates in Brazil. This 14-week program, aimed at enhancing agents' business skills, has been translated into Portuguese for local participants. The initiative responds to the high dropout rate of new agents, offering essential resources to foster long-term success. Past participants from similar programs average seven transactions and earn around $75,500. RE/MAX, a leading global real estate franchisor, emphasizes its commitment to agent development.
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RE/MAX Commercial announced enhancements to its Buildout Marketing platform, enabling better service for commercial brokers. Effective December 12, 2022, brokers gain complimentary access to both the 'Marketing' and 'Listing' tools. Features include property syndication, lead management, and marketing resources. In 2021, RE/MAX brokers completed over 50,000 transactions, totaling $19 billion in sales and lease volume. With more than 11,000 brokers in 640 offices worldwide, RE/MAX aims to adapt to shifts in commercial real estate needs.
RE/MAX Holdings, Inc. (NYSE: RMAX) has appointed Katie Scherping to its Board of Directors, succeeding Joe DeSplinter, who announced his retirement in September. Scherping, an experienced financial executive with two decades in CFO roles, will enhance the board's finance and audit committees. Her previous leadership experience includes guiding companies through transformative growth and overseeing financial operations at several public and private firms. Chairman Dave Liniger highlighted Scherping's extensive expertise as crucial for navigating market shifts.
RE/MAX has announced strong performance in Q3 2022, with over 200 new franchises and the renewal of more than 245 offices. The total agent count rose by 2.4% year-over-year, reaching 144,300 agents, marking a new high. The brand has expanded into the Republic of Benin and is launching strategic initiatives to support franchisees amidst market fluctuations. RE/MAX maintains its global presence with nearly 140,000 agents across more than 110 countries, emphasizing its established reputation in the real estate sector.
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RE/MAX, LLC announced that real estate coach Judy LaDeur received the "On the Shoulders of Giants" award during the RISMedia 2022 Power Broker Reception on November 11 in Orlando, FL. This prestigious honor recognizes individuals who make significant contributions to the real estate industry. With over 35 years of experience, LaDeur is celebrated for her coaching and leadership, impacting tens of thousands of brokers. RE/MAX has sponsored this award for 16 years, continuing its commitment to excellence in real estate.
RE/MAX, LLC announced The Ultimate RE/MAX Teams Event scheduled for December 6-7, 2022 in Las Vegas. This event will feature industry leaders including Wayne Fredrick, Jared James, and Verl Workman. Attendees will benefit from workshops, networking, and sessions focused on enhancing team building and customer experiences in real estate. Early bird registration is priced at $325 for affiliates until November 11. This initiative aligns with RE/MAX’s commitment to support agents and teams through education and innovative programs, fostering growth in a competitive market.
RE/MAX Holdings, Inc. (NYSE: RMAX) announced that CFO Karri Callahan and CEO of Motto Franchising, Ward Morrison, will speak at the 2022 Stephens Investment Conference on November 15, 2022, at 1:00 p.m. CST. The conference will include a Fireside Chat, with a live webcast and replay available at the company's investor page. Founded in 1973, RE/MAX operates globally with over 140,000 agents in nearly 9,000 offices across 110 countries. It also introduced Motto Mortgage in 2016, the first national mortgage brokerage franchise in the U.S.
RE/MAX Holdings reported total revenue of $88.9 million for Q3 2022, a 2.3% decrease from Q3 2021. Revenue excluding marketing funds fell 2.2% to $66.2 million, driven by 4.9% negative organic growth. However, adjusted EBITDA was $31.5 million, reflecting a 9.5% decrease. Despite these challenges, the agent count increased by 2.4% to 144,300. The company also accelerated its share buyback program, repurchasing 507,980 shares for $11.9 million. A quarterly dividend of $0.23 per share was approved, payable on November 30, 2022.