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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 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.
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On March 2, 2022, RE/MAX held its annual R4® convention in Las Vegas, attended by over 7,000 franchise owners and agents from 42 countries. RE/MAX President Nick Bailey announced that agents closed more than 2 million transaction sides in 2021, marking a first for any real estate brand. Agents achieved productivity averages of 16.3 sides/agent in the U.S., 20.4 sides/agent in Canada, and 9.9 sides/agent globally. The convention unveiled new programs, including a partnership for the REAL TEAMS® Solution and welcomed Steve Joyce as Co-CEO.
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