Over 200 New Sales Recorded, Nearly 250
Offices Renewed Worldwide
DENVER, Nov. 14,
2023 /PRNewswire/ -- RE/MAX®, the #1 name in real
estate1, saw a substantial increase in U.S. franchise
sales for third quarter 2023. The 45 closed sales between July 1 and Sept. 30 represented a 21.6%
increase from the second quarter's 37 sales. The global franchisor
also recorded 166 franchise sales outside the U.S., including nine
in Canada.
The increase in sales is a testament to the company's sharp
focus on brokerage growth opportunities like fresh national
marketing and first-class industry and educational events, culture
and value. Continuing high interest in conversions, mergers,
acquisitions and expansions also helped drive the growth results.
Of the 45 U.S. third-quarter franchise sales, 11 were start-ups, 10
were conversions, eight were expansions, 15 were team offices and
one was a satellite office.
RE/MAX Foxfire, a previously unaffiliated brokerage of 165
agents in Ocala, FL, converted to
RE/MAX in early October. Vice President and Director of Operations
Owen Boone says, "For being a
worldwide brand, the culture and connectivity that RE/MAX exudes is
nothing short of impressive. Being able to lean into the network,
the brand power, and for us, coming from an independent, the number
of tools and resources available to us is just extraordinary. We
truly believe we have the best of both worlds – an international
brand with local roots."
Peter Luft, Vice President of
Franchise Sales for RE/MAX, says RE/MAX is committed to providing
real estate leaders with an exemplary brand that offers the highest
value.
"RE/MAX attracts top-tier entrepreneurs because we let them be
in business for themselves but not by themselves. We are constantly
exploring new ways to provide greater value to our franchisees –
and that attracts new owners and helps current owners grow."
RE/MAX has a presence in over 110 countries and territories
– more 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.
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