DENVER, May 18, 2021 /PRNewswire/ -- RE/MAX, LLC
announced today that in the first quarter of 2021, the global real
estate franchisor sold over 160 franchises and renewed over 270
brokerages. Earlier this month, RE/MAX Holdings, Inc., the parent
company of RE/MAX, announced in its first quarter 2021 earnings
report that between January 1 and March 31,
2021, the company saw its largest year-over-year increase in
agent count in over a decade, adding more than 8,000 real estate
agents to the RE/MAX brand. During that period, RE/MAX also
expanded the brand's presence in England, and further expanded to Wales.
Global RE/MAX agent count performance accelerated in the first
quarter, growing more than 16% year over year in regions outside
the U.S. and Canada and total
agent count for the brand increased 6.4% to about 140,000 agents.
Additionally, global growth during this timeframe included 102
franchises sold.
"We've grown at a rapid pace globally because there is an unmet
need for experienced sales partners and professionals around the
world," said Shawna Gilbert,
RE/MAX Vice President of Global Development. "We already have a
presence in many of the places our competitors want to go and the
offices we have in these regions are building on their strong
foundations and growing to meet this demand."
Peter Luft, RE/MAX Vice
President of Franchise Sales, credits the franchisor's
growth in the U.S. in part to several important recent additions to
the company's value proposition. "We recently unveiled several new
training programs, health care coverage, educational resources and
enhancements to our technology suite so RE/MAX agents could
leverage these unique competitive advantages to help them succeed
in this incredibly tight market," he said. "We have a compelling
franchise model that is not only well-suited to meet the needs of
today's market but also adapt to the shifting trends in real estate
for the future. It's something we've done for nearly 50 years."
In addition to significant agent growth and franchise sales
achievements in 2021, RE/MAX, LLC was recently recognized for
several franchise-related accolades by Entrepreneur
Magazine, including: Being named a Fastest-Growing
Franchise1 for the 8th straight year, and
ranking #21 on the Top Franchises for Less Than $100,0002 list.
From a single office that opened in 1973 in Denver, Colorado, RE/MAX has grown into a
global real estate network with nearly 140,000 sales associates 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 nearly 140,000 agents 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 2021 Entrepreneur Franchise 500 based on the
number of new franchise units added from July 2019 through July
2020 provided by companies supplying a full Franchise
Disclosure Document.
2 Based on statistical data as of July 2020 provided by companies supplying a Full
Franchise Disclosure Document. Rankings based on size and growth,
cost and fees, support, brand strength, and financial strength and
stability.
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SOURCE RE/MAX, LLC