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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 will host the 2022 Broker Owner Conference from August 14-16 in Nashville, Tennessee, featuring prominent speakers like Vernice "FlyGirl" Armour and Scott Hamilton. This event aims to provide networking opportunities and valuable insights for Broker/Owners to enhance their businesses. Attendees can expect uplifting messages from RE/MAX leaders including Nick Bailey and Dave Liniger, as well as other industry experts. Early-bird registration is available until June 30, and the conference includes various sessions and receptions.
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RE/MAX continues to lead the real estate industry, boasting more top-ranked agents than any other brand, according to the RealTrends + Tom Ferry "The Thousand" list. In the latest rankings, RE/MAX agents secured 131 spots among the top 1,000 home-selling agents, maintaining a dominant presence for seven of the last nine years. Notably, 117 of the 502 agents closing the most residential transactions were from RE/MAX, outperforming competitors with an average of 2 to 1 in transaction sides. RE/MAX is celebrated for its productive network and commitment to professionalism.
RE/MAX Holdings, Inc. (NYSE:RMAX) has appointed Annita M. Menogan to its Board of Directors, effective June 1, 2022. Menogan, with extensive experience in public company leadership, is expected to enhance the Board's capabilities in legal and governance matters. Dave Liniger, Chairman and Co-Founder, highlighted her unique qualifications for driving business strategies. Menogan is also actively involved in non-profit boards and has served in various legal roles, including General Counsel at The Simply Good Foods Company. RE/MAX continues to expand its influence as a leading real estate franchisor globally.
In Q1 2022, RE/MAX added over 170 new franchises and renewed 285 affiliate offices, showcasing robust growth in its global real estate network. The company also expanded into Taiwan during this period. Total agent count rose by 2,191 year-over-year, reaching a record high of 142,405 agents. RE/MAX continues to attract driven agents with its global presence and resources, emphasizing its innovative culture and local community engagement.
RE/MAX Holdings, Inc. (NYSE:RMAX) announced that its Chief Financial Officer, Karri Callahan, and President & CEO of RE/MAX, LLC, Nick Bailey, will participate in two upcoming investor conferences. The events include the KBW 2022 Virtual Real Estate Finance & Technology Conference on May 26, 2022, and the 42nd Annual William Blair Growth Stock Conference on June 9, 2022. As a leader in real estate franchising, RE/MAX has over 140,000 agents in nearly 9,000 offices globally, selling more real estate than any other company.
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RE/MAX announced the addition of three new companies to its Approved Supplier program, enhancing resources available to agents. The new suppliers are Colibri Real Estate Education, offering comprehensive learning solutions; RentSpree, an award-winning rental software providing tenant screening; and TopHap, which delivers accessible, data-driven analytics for real estate. These additions will help agents improve their services and operational efficiency, while also benefiting from exclusive discounts through the RE/MAX Marketplace.
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.