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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 announced that Gary Acosta, Co-Founder & CEO of NAHREP, received the "On the Shoulders of Giants" award at the RISMedia event on November 12, 2021. This award honors those whose contributions in real estate often go unrecognized. Acosta has significantly advanced NAHREP, which boasts over 40,000 members and 80 local chapters. He also founded the Hispanic Wealth Project, aiming to triple Hispanic household wealth by 2024. RE/MAX has partnered with NAHREP since 2015 and has sponsored this award for 15 years, showing its commitment to the Hispanic community.
RE/MAX Holdings, Inc. (NYSE: RMAX) has declared a quarterly cash dividend of $0.23 per share of Class A common stock. This dividend is payable on December 1, 2021, to shareholders recorded by the close of business on November 17, 2021. The company, a leading franchisor of real estate services, boasts over 140,000 agents in more than 8,600 offices worldwide. RE/MAX aims at continuous innovation, and in 2016 introduced Motto Mortgage, now with over 175 offices across nearly 40 states.
The RE/MAX Collection luxury brand successfully concluded its 9th Annual Luxury Forum at the JW Marriott Camelback Resort in Scottsdale, Arizona. This event gathered luxury real estate professionals, featuring esteemed speakers who shared insights on client engagement and social media strategies. The forum highlighted the Luxury Launchpad, a platform designed to enhance luxury real estate transactions and recognized as a finalist in the 2021 Inman Golden I Club awards. Attendees received valuable advice from industry leaders on expanding their businesses.
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On Oct. 22, 2021, RE/MAX announced the addition of four new vendors to its Approved Supplier program, enhancing resources for its agents in the U.S. and Canada. The new suppliers include:
- MoveEasy: A platform assisting with moving tasks.
- Listing to Leads: An automated marketing tool for lead generation.
- Real Grader and Instacard: Tools for digital branding and contact sharing.
- Real Estate Shows: Automated real estate video tour service.
These resources aim to help agents enhance their business efficiency and customer service.
RE/MAX has been recognized as having the Most Trusted Real Estate Agents in America, according to the 2022 BrandSpark American Trust Study, which surveyed 8,000 American shoppers. The award is based entirely on consumer votes, highlighting the brand's trustworthiness in real estate transactions. Established in 1973, RE/MAX has expanded to over 140,000 sales associates in more than 110 countries, making it a global leader in real estate franchising. RE/MAX President Nick Bailey emphasized the importance of trust in real estate transactions.
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Wemlo, a subsidiary of RE/MAX Holdings, announced the launch of its innovative Loan Brokering System (LBS) on October 17, 2021. This technology aims to transform the mortgage brokerage industry by streamlining processes for mortgage loan originators (MLOs). The LBS is designed specifically for the broker channel, featuring enhanced Automated Underwriting System (AUS) feedback, a real-time borrower portal, and integrated communication tools for timely closings. It promises efficiency with an all-inclusive pricing model and is set to go live in January 2022.
On October 13, 2021, RE/MAX announced a major reinvention of its RE/MAX University platform, designed to enhance agents' professional skills. The updated platform utilizes artificial intelligence to personalize learning experiences, offering thousands of educational resources accessible via desktop or mobile. Agents who engaged with the previous version saw transaction increases of 29%-38% and commission boosts of 31%-233%. RE/MAX aims to equip agents with resources for success in fluctuating markets, emphasizing that education leads to higher earnings.