Global Leader Signed 200+ New Franchise Sales
and Nearly 300 Renewals in Q1 2023
DENVER, May 19, 2023
/PRNewswire/ -- RE/MAX®, the #1 name in real
estate1, announced today that 206 additional franchises
affiliated with the network during the first quarter of 2023 –
nearly 17% more than in Q1 of 2022. Additionally, 293 existing
RE/MAX brokerages, including 12 team offices, and two sub-regions
renewed their agreements between January 1
and March 31, 2023.
Peter Luft, RE/MAX Vice
President of Franchise Sales, says the strong franchise
sales quarter confirms that real estate entrepreneurs see
tremendous value in aligning with a strong brand and vast global
network – especially as the housing market continues to
rebalance.
"Relationships and services drive the real estate business,"
Luft says. "With the housing market in a state of adjustment, real
estate brokerage owners are looking to align and stay with a brand
that has a strong worldwide presence and a network of knowledgeable
and committed professionals – their peers. RE/MAX had a strong
quarter of franchise sales and renewals because the RE/MAX network
provides layers of confidence and support for owners and
agents."
RE/MAX remains focused on providing valuable networking
opportunities through events such as the recent 2023 RE/MAX Global
Commercial Symposium and the upcoming The RE/MAX Collection 2023
Luxury Forum. RE/MAX events are tailored to provide valuable
resources to real estate professionals with a growth mindset.
Steve Silcock, Broker/Owner of
RE/MAX Heritage in Florida,
has experienced recent office growth of his own, expanding his
operations this quarter through the acquisition of an unaffiliated
brokerage. Silcock cites the strong RE/MAX brand presence as one of
his greatest assets.
"Changing demographics and explosive growth in Central Florida have created a tremendous
opportunity in the local residential market," Silcock says. "RE/MAX
provides the technology and brand recognition that supports our
continued expansion while allowing the core values and reputation
of the brokerage to be carried forward."
RE/MAX also remains focused on technology and the roll out of
MAX/TechSM powered by kvCORE, which began at the end of
2022 in Canada and has been
accelerated to regions in the U.S. in 2023.
RE/MAX has a presence in more countries and territories than any
other real estate brand. From a single office that opened in 1973
in Denver, Colorado, RE/MAX has
grown into a global real estate network with more than 140,000
sales associates in over 9,000 offices and a presence in more than
110 countries and territories.
For more information about RE/MAX, LLC, a business that builds
businesses, visit remax.com. Each office independently owned and
operated.
About the RE/MAX Network
As one of the leading global
real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX
Holdings (NYSE: RMAX) with more than 140,000 agents in over 9,000
offices and a presence in more than 110 countries and territories.
Nobody in the world sells more real estate than RE/MAX, as measured
by residential transaction sides. 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. RE/MAX agents have lived, worked and served in their
local communities for decades, raising millions of dollars every
year for Children's Miracle Network Hospitals® and other
charities. To learn more 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 news.remax.com.
1 Source: MMR Strategy Group study of unaided
awareness.
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SOURCE RE/MAX, LLC