DENVER, Nov. 28, 2016 /PRNewswire/ -- RE/MAX, LLC,
headquartered in Denver, Colo.,
has signed an agreement to purchase the Master Franchise for the
Georgia, Kentucky/Tennessee, and Southern Ohio Regions owned and
managed for many years by the independent RE/MAX Regional Services
group. The agreement to purchase the regions was signed less than
three weeks after RE/MAX agreed to purchase RE/MAX of New Jersey.
"When Howard McPherson purchased RE/MAX of Georgia in 1978, he took a risk based on the
potential of a young real estate brand that had about 1,000 agents,
at the time. He and his family grew the region into a four-state
operation with over 250 offices and almost 4,000 agents," said
Dave Liniger, CEO, Chairman of the Board and Co-Founder of RE/MAX,
LLC. "Howard has been extremely successful in growing the RE/MAX
brand in Georgia, Kentucky, Tennessee and Southern Ohio and we thank him and his family
for their dedication. It's a real RE/MAX success story, and a
testament to the outstanding brokers, owners and sales associates
who helped build the brand in these four states. We look forward to
working with them, providing the services they need, and growing
our market presence even more."
The acquisition of the RE/MAX Regional Services Region is
expected to close before the end of the year, bringing the total of
U.S. company-owned regions to 18. In 2016, RE/MAX, LLC has
also purchased or agreed to
purchase the Master Franchise rights for New York, Alaska and New
Jersey.
"It's been a real pleasure to work with so many great brokers
and agents in Georgia,
Kentucky, Tennessee and Southern Ohio," said Dane
Ellison, RE/MAX Regional Services CEO.
"They're in good hands moving forward, and we
believe RE/MAX market presence will continue to grow. That's what
happens when great agents put the interests of their buyers and
sellers above all else."
Susan Goiser, Region Vice
President of RE/MAX Florida, will
oversee services in Georgia, while
Jeff LaGrange, former Region Vice
President of RE/MAX Pacific Northwest and RE/MAX Alaska, will lead the regional team supporting
Kentucky/Tennessee and Southern Ohio.
RE/MAX has a worldwide network of over 110,000 agents in over
100 countries and territories, a global footprint larger than any
of its competitors.
For investor relations information, please click here.
About the RE/MAX Network:
RE/MAX was founded in 1973
by Dave and Gail Liniger, with an
innovative, entrepreneurial culture affording its agents and
franchisees the flexibility to operate their businesses with great
independence. Over 110,000 agents provide RE/MAX a global reach in
more than 100 countries and territories. Nobody sells more real
estate than RE/MAX when measured by residential transaction sides.
RE/MAX, LLC, one of the world's leading franchisors of real estate
brokerage services, is a wholly-owned subsidiary of RMCO, LLC,
which is controlled and managed by RE/MAX Holdings, Inc.
(NYSE:RMAX). With a passion for the communities in which its agents
live and work, RE/MAX is proud to have raised more than
$150 million for Children's Miracle
Network Hospitals® and other charities. For more information about
RE/MAX, to search home listings or find an agent in your community,
please visit www.remax.com. For the latest news about RE/MAX,
please visit www.remax.com/newsroom.
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SOURCE RE/MAX, LLC