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) is the parent company of REMAX®, which it describes as one of the world's leading franchisors of real estate brokerage services, and Motto® Mortgage, a national mortgage brokerage franchise brand in the U.S. The RMAX news feed on Stock Titan brings together company-issued announcements, financial updates and brand developments that reflect this dual focus on real estate and mortgage franchising.
Recent news highlights include quarterly earnings releases where RE/MAX Holdings reports revenue, Adjusted EBITDA and agent count trends across its global REMAX network and Motto Mortgage offices. These updates often discuss changes in recurring revenue from franchise fees and annual dues, investments in technology and flagship websites, and outlook ranges for future periods, all framed with the company’s standard forward-looking statement disclosures.
In addition to financial results, RMAX news features items on global expansion, such as the sale of master franchise rights in markets like Malaysia and Morocco, and regional growth in areas including Western Africa and the Middle East. The company also issues releases about leadership appointments, such as executives overseeing mortgage services, commercial operations and digital information functions, which it links to its emphasis on innovation and operational excellence.
Another recurring theme in RE/MAX Holdings news is technology and marketing. Announcements have covered the launch of the AI-powered Marketing as a Service (MaaS) platform, AI-driven referral systems and refreshed branding designed to support affiliates. Community-focused stories, including Global REMAX Week and charitable initiatives, also appear in the news flow, illustrating how the network engages with local communities worldwide. Investors and observers can use this news stream to follow how RMAX describes its strategy, global footprint and brand evolution over time.
On Sept. 1, 2020, RE/MAX Holdings (NYSE: RMAX) announced the acquisition of wemlo, a fintech startup focused on mortgage loan processing. This strategic move aims to enhance the functionality of Motto Mortgage, addressing critical inefficiencies in the brokerage sector. The acquisition is expected to diversify revenue streams and boost operational efficiency, providing a competitive edge in the market. CEO Adam Contos highlighted that this investment aligns with RE/MAX's M&A strategy to foster innovative companies that improve customer experience.
The RE/MAX Collection announces its Luxury Forum, taking place virtually on September 24, 2020, featuring notable speakers such as Olympian Apolo Ohno and esteemed coach Valorie Kondos Field. The event aims to educate luxury real estate agents on overcoming challenges in the market. Registration is available for RE/MAX Affiliates at $75, with an optional Luxury Live course on September 25 for $495. The forum will provide insights into the evolving luxury market post-COVID-19, emphasizing the need for excellence and adaptability in real estate.
RE/MAX hosted its 2020 Broker Owner Conference virtually on August 17-18, attracting nearly 2,000 leaders from 45 countries. The event, themed 'One World, One RE/MAX,' featured significant discussions led by CEO Adam Contos, emphasizing adaptations amid COVID-19. Contos introduced new marketing tools, professional development courses, and a technology portal named RE/MAX Marketplace. The conference also focused on diversity and inclusion, culminating in a dialogue with activist Baratunde Thurston. Additionally, the next conference is scheduled for Austin, TX, on August 8-10, 2021.
RE/MAX Holdings reported a total revenue of $52.2 million for Q2 2020, down 26.9% from Q2 2019, mainly due to COVID-19 financial support initiatives. Net income decreased to $3.5 million with GAAP EPS at $0.19, down from $0.48. Agent count rose 3.8% to 131,905, but U.S. and Canada combined count fell 1.4%. Adjusted EBITDA was $18.9 million with a margin of 36.2%. The company declared a quarterly dividend of $0.22 per share, payable September 2, 2020.
RE/MAX, LLC has appointed Amy Lessinger as Vice President of Business Growth for the West Region, effective immediately. With over 20 years of experience in the RE/MAX network, Lessinger was a successful Broker/Owner and built a high-performing team in Northern Nevada. She aims to enhance recruiting and retention strategies in her new role. Kevin Northrup has also been named Vice President for the Northeast Region. These leadership changes signal RE/MAX's commitment to strengthening its operational structure and business growth strategies across various regions.
RE/MAX Holdings, Inc. (NYSE: RMAX) announced a quarterly cash dividend of $0.22 per share of Class A common stock. The dividend is payable on September 2, 2020, to shareholders of record by August 19, 2020. RE/MAX, a leading real estate franchisor, operates globally with over 130,000 agents across more than 110 countries. Founded in 1973, the company has also launched Motto Mortgage, which has expanded to over 100 offices in more than 30 states. The firm remains committed to innovation in the industry while navigating ongoing challenges from the COVID-19 pandemic.
RE/MAX Holdings, Inc. (NYSE: RMAX) will release its financial results for the quarter ending June 30, 2020, after market close on August 6, 2020. A conference call will be hosted on August 7, 2020, at 8:30 a.m. Eastern Time. RE/MAX is a global franchisor in real estate, with over 130,000 agents in more than 110 countries. The company also operates Motto Mortgage, which has expanded to over 100 offices across 30 states since its launch in 2016. Investors can access the call via a registration link or through the Investor Relations website.
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