Welcome to our dedicated page for Re Max Hldgs news (Ticker: RMAX), a resource for investors and traders seeking the latest updates and insights on Re Max Hldgs stock.
RE/MAX Holdings Inc (NYSE: RMAX) maintains its position as a global leader in real estate franchising through continuous innovation and strategic market expansion. This news hub provides investors and industry professionals with essential updates about the company’s operational milestones, financial performance, and agent network growth.
Access authoritative information on quarterly earnings, franchise developments, technology initiatives, and leadership updates. Our curated collection features official press releases and verified third-party reports, ensuring you stay informed about RMAX’s evolving position in residential and mortgage brokerage markets.
Key content categories include financial disclosures, strategic partnerships, agent network statistics, and regulatory filings. All materials are organized chronologically highlight RE/MAX’s progress in enhancing its technology platforms and expanding its international footprint across 100+ countries.
Bookmark this page for streamlined access to RE/MAX Holdings’ latest developments. Regularly updated content helps stakeholders make data-driven decisions while tracking the company’s performance in competitive real estate markets.
RE/MAX has expanded its Approved Supplier program by adding eight new companies offering business services to its network. This initiative is designed to enhance RE/MAX affiliates' operations through the RE/MAX Marketplace, a portal for exclusive deals on digital products, services, and technology. New suppliers include BRANDco, Canon, Hemlane, Listen360, Leatherman, PayProp, Skyways Media, and SWAT Environmental. These additions aim to provide RE/MAX agents with essential tools and resources, including marketing support, property management solutions, and customer feedback options.
RE/MAX hosted its first hybrid annual convention, R4 Your Way, in Orlando on March 25, 2021, with over 6,000 attendees globally. The event showcased achievements of 135,000 agents, who closed 1.78 million transactions in 2020. Notable announcements included a new health benefits program for agents starting April 1, support for Children’s Miracle Network Hospitals surpassing $170 million, and innovative marketing tools like Megaphone and Snappr. The convention emphasized the organization's commitment to professional development and community support.
The 2021 REAL Trends 500 survey reveals that RE/MAX agents surpassed competitors by over 2-to-1 for the 11th consecutive year, averaging 16.0 transaction sides per agent compared to 7.3 for other large brokerages. RE/MAX brokerages constituted 29% of the 1,753 qualifying brokerages, more than any other brand. Agents averaged $5.0 million in sales volume, a 67% increase over the $3.0 million average of competitors, and 87 of the top 100 agents in sales were from RE/MAX. This survey underscores RE/MAX's dominant position in the real estate market.
On March 3, 2021, RE/MAX Holdings announced significant growth in 2020, despite pandemic challenges, selling over 1,000 franchises and renewing more than 1,100 brokerages. The company expanded its presence to several new markets including Belgium and Qatar, and added almost 7,000 agents globally. Executives attribute success to a robust business model and enhanced support tools for agents. With over 135,000 sales associates in over 110 countries, RE/MAX aims to further increase its market share in 2021.
RE/MAX has announced its first-ever hybrid convention, the RE/MAX R4, taking place from March 23 to March 25, 2021, in Orlando, Florida. The event will feature keynote speaker Dave Ramsey, along with other notable industry leaders. Attendees can participate both in-person and virtually, with content translated into 17 languages. The convention aims to provide valuable insights through over 70 sessions that focus on enhancing business success for RE/MAX agents worldwide. Registration is now open for the virtual experience.
RE/MAX Holdings (RMAX) reported its 2020 financial results, showing a total revenue of $266 million, a 4% decline when excluding marketing funds. The agent count rose 5.3% to 137,792 agents, while net income for the year was $11 million, translating to $0.60 per diluted share. In Q4 alone, revenue reached $72.4 million, up 6.2% year-over-year. However, operating expenses increased 12.9% to $65.7 million. The company anticipates a 4-5% growth in agent count and revenue between $300-$310 million for 2021.
On February 23, 2021, RE/MAX announced a new alliance with the National Association of Real Estate Brokers (NAREB) to promote sustainable homeownership among minorities. This partnership, part of the RE/MAX Strategic Alliances program, emphasizes fair housing and will include RE/MAX as a Gold Level Sponsor at NAREB's upcoming events. The collaboration aims to equip RE/MAX agents with essential resources to address unique real estate challenges faced by the Black community, where the homeownership rate is notably lower than the national average.
On February 17, 2021, RE/MAX Holdings (NYSE: RMAX) declared a quarterly cash dividend of $0.23 per share, marking an increase of 1-cent or nearly 5% from the previous quarter. The dividend will be payable on March 17, 2021, to shareholders recorded by March 3, 2021. As the parent company of RE/MAX and Motto Mortgage, RE/MAX Holdings leads in the real estate franchising sector with over 135,000 agents in more than 110 countries.
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