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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.
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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RE/MAX Holdings, Inc. (NYSE:RMAX) announced it will release its financial results for the fourth quarter and full year ended December 31, 2020, after market close on February 25, 2021. A conference call will follow on February 26, 2021, at 8:30 a.m. Eastern Time for stakeholders to discuss the results. As a leading franchisor in the real estate industry, RE/MAX has over 135,000 agents across more than 110 countries and territories. The company is focused on innovation and expansion, particularly within its Motto Mortgage brand.
RE/MAX launched The Luxury Launchpad, a new dashboard designed to enhance marketing capabilities for luxury real estate agents worldwide. This innovative platform, developed in partnership with LUXVT, consolidates over 45 customizable marketing tools to help agents effectively showcase properties. The Luxury Launchpad includes features like video editing, customizable images, virtual staging, and advertising placements in prominent publications. Accessible to agents across 110 countries, this resource aims to elevate client services and streamline marketing efforts.
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RE/MAX, LLC announced the inclusion of nine new companies into its Approved Supplier program on December 22, 2020. This program connects affiliates with vetted service providers, enhancing their business operations. Notable new suppliers include Digs for financial tools, eComFax for secure faxing, and Hurdlr for expense tracking. These partnerships aim to provide RE/MAX agents with exclusive discounts and resources, driving efficiency and additional value in their services.