RE/MAX Hld

RE/MAX Holdings, Inc. engages in the provision of real estate franchise services through its subsidiaries. It operates through the following segments: Real Estate, Mortgage, Marketing Funds, and Other. The Real Estate segment is comprised of the Company’s owned and independent global franchising operations under the RE/MAX brand name and technology and data subscription for Gadberry and the First app. The Mortgage segment is comprised of the firm's mortgage brokerage franchising operations under the Motto Mortgage brand name and mortgage loan processing services and licensed software under the wemlo brand. The Marketing Funds segment is involved in the operations of the marketing campaigns designed to build and maintain brand awareness and the development and operation of agent marketing technology. The Other segment focuses on the legacy operations of the booj Platform. The company was founded by David L. Liniger and Gail A. Liniger in 1973 and is headquartered in Denver, CO.

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RE/MAX reports resilient Q4 performance, eyes growth through tech

RE/MAX Holdings reported a decline in Q4 revenue but showcased strong financial performance with a focus on agent growth and technology enhancements.
The company's commitment to shareholder value, brand legacy, and operational efficiency positions it well for future growth and market resilience.
Challenges in revenue stabilization and operational efficiency require attention, while opportunities in agent expansion and innovative programs offer avenues for growth.
Overall, RE/MAX Holdings' strategic initiatives and financial performance reflect a balanced approach to navigating market dynamics and driving long-term success.

RE/MAX reports Q1 earnings, navigates challenges, eyes growth opportunities

RE/MAX Holdings' Q1 2023 earnings call highlighted solid financial performance, operational strengths, market challenges, and growth opportunities. The company is focused on long-term strategic objectives, including investments for profitable growth. Key areas of focus include agent count growth, franchise sales momentum, and technology-driven initiatives.

RE/MAX reports mixed Q2 results, focuses on global growth opportunities

RE/MAX Holdings' Q2 2023 performance showcased mixed results with notable strengths in agent count growth, mortgage business success, and strategic initiatives. The company faces challenges in revenue decline and U.S. agent count losses but has opportunities to leverage its strengths for future growth.
By focusing on expense management, tightening guidance ranges, and addressing key concerns raised by analysts, RE/MAX aims to navigate challenges effectively and capitalize on growth opportunities in its core business segments.

RE/MAX Hld reports Q3 earnings, eyes dividend reinstatement post-settlement

RE/MAX Hld focuses on long-term growth amid industry challenges. Agents reevaluate career decisions based on market conditions. CEO search nears completion, with international market comparisons discussed.

RE/MAX Hld reports Q4 revenue of $76.6M, focuses on agent growth and mortgage expansion

RE/MAX Hld (RMAX) aims to stabilize and grow its U.S. agent count, expand the mortgage business, and drive strategic growth initiatives. Despite challenges like agent departures and market headwinds, the company is optimistic about improving performance in 2024. Opportunities for revenue growth and efficiency enhancements are being pursued through innovative technology and operational changes.

RE/MAX reports solid Q1 earnings, eyes growth amidst industry changes

RE/MAX Holdings delivered strong financial results and agent performance in Q1 2024, showcasing resilience amidst industry challenges and emphasizing growth opportunities.
Management's focus on agent support, adaptability, and financial performance underscores a strategic approach to navigating market dynamics and driving sustainable growth.
Despite challenges like the NAR settlement and macroeconomic conditions, RE/MAX remains optimistic about growth prospects and franchise expansion, aiming for continued success.

RE/MAX reports strong Q2 performance, eyes international growth opportunities

RE/MAX Holdings demonstrated resilience and adaptability in Q2 2024, leveraging strategic initiatives to drive growth and improve financial performance.
While facing challenges in certain market segments, the company's focus on innovation, agent support, and cost management positions it well for future opportunities.
By prioritizing cash reserves, reducing leverage, and exploring new markets, RE/MAX is poised to capitalize on emerging trends and solidify its market position.

RE/MAX Hld posts strong Q3 earnings, eyes growth opportunities

RE/MAX Holdings reported robust financial performance in Q3 2024, with revenue exceeding expectations and notable improvements in EBITDA margin. Despite challenges in the mortgage business, the company remains optimistic about the future and is focused on enhancing customer experience. Strong franchise sales and market share gains in Canada and internationally highlight growth potential for RE/MAX.

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RE/MAX Holdings, Inc. engages in the provision of real estate franchise services through its subsidiaries. It operates through the following segments: Real Estate, Mortgage and Marketing Funds. The Real Estate segment consists of the company’s owned and independent global franchising operations under the RE/MAX brand name and technology and data subscription for Gadberry and the First app. The Mortgage segment consists of the firm's mortgage brokerage franchising operations under the Motto Mortgage brand name and mortgage loan processing services and licensed software under the wemlo brand. The Marketing Funds segment is involved in marketing campaigns designed to build and maintain brand awareness and the development and operation of agent marketing technology. The company was founded by David L. Liniger and Gail A. Liniger in 1973 and is headquartered in Denver, CO.

According to the 2024 RealTrends Verified Rankings of Large Brokerages, RE/MAX Agents Averaged Twice as Many Transaction Sides as Competing Agents in 2023 DENVER, April 4, 2024 /PRNewswire/ -- The newly released 2024 RealTrends Verified Best Brokerages rankings, formerly known as the RealTrends 500, once again revealed RE/MAX ® agents are the most productive in the U.S., outperforming competitors at participating large brokerages 2-to-1. The widely respected report showed RE/MAX agents averaged 11.8 transaction sides, more than double the 5.2 average of all other agents in the survey.

'Unstoppable' RE/MAX Agents Outperform Competitors 2:1 for 16th Consecutive Year

RE/MAX leaders and agents from around the world unite to celebrate successes and prepare for the future DENVER , March 28, 2024 /PRNewswire/ -- RE/MAX, the #1 name in real estate1, concludes another electric R4®, its international convention for agents and franchise owners. Taking place in Las Vegas, Nevada, the three-day event featured world-class education, global networking, and business-building opportunities alongside moments of celebration and entertainment with celebrity speakers and musical stars.

Annual RE/MAX R4 Convention Sets the Stage for Continued Innovation and Growth

The consistently strong showing of RE/MAX in the Entrepreneur Franchise 500 ranking is a testament to the quality of the RE/MAX brand and its franchisees DENVER , March 21, 2024 /PRNewswire/ -- For the 40th consecutive year, RE/MAX, the #1 name in real estate1, has earned a spot on the prestigious Entrepreneur Franchise 500® ranking, which evaluates strong, influential franchisors across the U.S. and Canada. RE/MAX was also named to the Franchise 500 Hall of Fame – an exceptional honor for elite brands that have ranked in the Franchise 500 for 25 or more consecutive years.

RE/MAX Named a Top Franchisor for 40 Years Straight, Solidifies Hall of Fame Status

Home Sales Rise, With Sellers Getting Almost Full Listing Price DENVER , March 19, 2024 /PRNewswire/ -- With the annual spring homebuying season coming quickly, home sales ramped up in February and spiked 17.0% from January, with a 2.3% increase from February 2023. Of those sales, buyers paid more.

RE/MAX NATIONAL HOUSING REPORT FOR FEBRUARY 2024

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The National Association of Realtors has reached a $418 million settlement to change the automatic commission to the buyer's agent. Home sellers can still choose to sell their homes themselves or negotiate fees with brokers.

Real Estate Stocks Just Got Decimated: What I'm Buying For The Rebound

RE/MAX Holdings, Inc. is a well-known franchisor of real estate brokerage services, currently trading near 52-week lows. The frozen real estate market is expected to thaw out as the Federal Reserve is done raising rates, and mortgage rates are likely to start dropping. RE/MAX has the potential for a major resurgence, with real estate activity likely to dramatically pick up, causing a return to normalized earnings power.

RE/MAX Holdings: This Low Priced Stock Is My Top Turnaround Pick For 2024

The brand continues to be honored for excellence in real estate, securing top positions in prestigious industry lists: Inman Power Players, Swanepoel Power 200, RISMedia Newsmakers and more DENVER , March 7, 2024 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, kicked off 2024 with an impressive display of accolades, complementing its status as the #1 name in real estate1. After being voted the brand with the "#1 Most Trusted Real Estate Agents" by consumers in the U.S.2 and Canada 3, RE/MAX continues to earn industry recognition as a top real estate franchisor and proudly accepts multiple industry honors for executive leadership.

RE/MAX Dominates Major Industry Lists, Rankings for Exceptional Business and Leadership

RE/MAX Holdings is undervalued due to disappointing fundamentals in a slow housing market, but still has strong brand recognition and a franchise business model. The company earns revenue through real estate brokerage franchising, mortgage brokerage franchising, and marketing campaigns. RE/MAX has strong competitive advantages, including a powerful brand, high-performing agents, and high switching costs for franchisees.

RE/MAX Holdings Approaches A Bottom

RE/MAX Holdings, Inc. (RMAX) Q4 2023 Earnings Call Transcript

The headline numbers for RE/MAX (RMAX) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

RE/MAX (RMAX) Reports Q4 Earnings: What Key Metrics Have to Say

RE/MAX (RMAX) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.41 per share a year ago.

RE/MAX (RMAX) Beats Q4 Earnings Estimates

DENVER , Feb. 22, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company") (NYSE: RMAX), parent company of RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., today announced the promotions of three of its senior leaders, Amy Lessinger, Abby Lee, and Susie Winders, in recognition of their contributions to the Company over their long tenures. Ms. Lessinger is being promoted from Senior Vice President of Region Development for RE/MAX, LLC to President of RE/MAX, LLC, responsible for overseeing the RE/MAX brand and network globally.

RE/MAX HOLDINGS, INC. PROMOTES AMY LESSINGER TO PRESIDENT OF RE/MAX, LLC, ABBY LEE TO EVP OF MARKETING, COMMUNICATIONS, AND EVENTS, AND SUSIE WINDERS TO EVP, GENERAL COUNSEL

Total Revenue of $76.6 Million, Adjusted EBITDA of $23.0 Million DENVER , Feb. 22, 2024 /PRNewswire/ -- Fourth Quarter 2023 Highlights (Compared to fourth quarter 2022 unless otherwise noted) Total Revenue decreased 5.7% to $76.6 million Revenue excluding the Marketing Funds1 decreased 5.8% to $56.0 million, driven by negative 5.6% organic growth2 and adverse foreign currency movements of 0.2% Net loss attributable to RE/MAX Holdings, Inc. of $10.9 million and loss per diluted share (GAAP EPS) of $0.60 Adjusted EBITDA3 decreased 13.4% to $23.0 million, Adjusted EBITDA margin3 of 30.0% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.30 Total agent count increased 0.6% to 144,835 agents U.S. and Canada combined agent count decreased 4.2% to 80,299 agents Total open Motto Mortgage franchises increased 6.5% to 246 offices4 Full-Year 2023 Highlights (Compared to full year 2022 unless otherwise noted) Total Revenue decreased 7.8% to $325.7 million Revenue excluding the Marketing Funds1 decreased 8.1% to $241.8 million, driven by negative 7.4% organic growth2 and adverse foreign currency movements of 0.7% Net loss attributable to RE/MAX Holdings, Inc. of $69.0 million and loss per diluted share (GAAP EPS) of $3.81 Adjusted EBITDA3 decreased 20.8% to $96.3 million, Adjusted EBITDA margin3 of 29.6% and Adjusted earnings per diluted share (Adjusted EPS3) of $1.36 Operating Statistics as of January 31, 2024 (Compared to January 31, 2023, unless otherwise noted) Total agent count increased 204 agents to 143,497 agents U.S. and Canada combined agent count decreased 4.2% to 79,416 agents Total open Motto Mortgage franchises increased 5.6% to 244 offices4 RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage ("Motto"), the first national mortgage brokerage franchise brand in the U.S., today announced operating results for the quarter and year ended December 31, 2023.  "We generated better-than-expected margins in the fourth quarter, driven by our ongoing focus on effective cost management amidst what continues to be a very difficult housing market.

RE/MAX HOLDINGS, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS

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Evaluate the expected performance of RE/MAX (RMAX) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Countdown to RE/MAX (RMAX) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

New Listings Soar Higher as Spring Ramp-Up Approaches DENVER , Feb. 15, 2024 /PRNewswire/ -- In what could be a good sign for buyers, the number of newly listed homes in January was a whopping 66.3% higher than in December and 21.5% higher than January 2023 across the 50 metro areas surveyed. The 21.5% year-over-year increase in new listings reversed a multi-year January trend, as new listings dropped 5.1% from January 2022 to January 2023 and 8.1% from January 2021 to January 2022.

RE/MAX NATIONAL HOUSING REPORT FOR JANUARY 2024

The real estate brand's biggest event of the year – March 25-28 in Las Vegas – will help affiliates prepare for the market ahead. DENVER , Feb. 6, 2024 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, will hold its annual R4® convention in Las Vegas, March 25-28, 2024.

Annual RE/MAX® R4 Convention Connects Agents to Resources, Education, Referral Opportunities

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Consumers trust RE/MAX professionals most – and have for several years – according to a leading independent survey DENVER , Jan. 25, 2024 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, today announced that consumers voted RE/MAX as the brand with the #1 Most Trusted Real Estate Agents in the USA* and Canada**. In an independent annual survey conducted by BrandSpark International, in collaboration with Newsweek magazine in the U.S., more than 26,000 American shoppers and 25,000 Canadian shoppers provided unaided, top-of-mind responses on service providers they trust and use the most.

RE/MAX Voted '#1 Most Trusted Real Estate Agents' by Consumers in U.S. and Canada

DENVER , Jan. 24, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter and full year ended December 31, 2023, after market close on Thursday, February 22, 2024, and will host a conference call and webcast for interested parties on Friday, February 23, 2024, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE FOURTH QUARTER AND FULL YEAR 2023 RESULTS ON FEBRUARY 22, 2024

New data reveals property and financing options prospective homebuyers are willing to consider. DENVER , Jan. 23, 2024 /PRNewswire/ -- From purchasing multi-family properties to co-owning with friends and family, prospective buyers are willing to get creative to become homeowners in the next 12 months, new data reveals.

Nearly 80% Of Prospective Homebuyers Willing to Adjust Their Homebuying Plans, Getting Creative to Achieve Homeownership in 2024

Home stretch of 2023 features familiar end-of-year dynamics DENVER , Jan. 17, 2024 /PRNewswire/ -- December 2023 exhibited a traditional end-of-year slowing in housing market activity, punctuated by many similarities to December 2022. Three metrics showed no change year over year: Homes sold were on the market an average of 47 days in both Decembers – seven days longer than in November 2023 December 2023 sales averaged 98% of the listing price, the same as the prior year and slightly down from 99% in November 2023 Months' supply of inventory in both Decembers was 2.5, slightly down from 2.6 in November 2023 Other results included: December home sales dropped 7.3% year over year – and 2.3% from November.

RE/MAX NATIONAL HOUSING REPORT FOR DECEMBER 2023

New offices, conversions and expansions in the U.S. bring nearly 330 agents into network, strengthening brand presence  DENVER , Jan. 8, 2024 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, celebrates the addition of 24 RE/MAX offices in its U.S. company-owned regions between Oct. 2 and Dec. 31, welcoming nearly 330 agents to the brand. The recent additions, which are a mix of new offices, conversions of formerly unaffiliated brokerages, and expansions of existing RE/MAX companies, highlight the attractiveness of the RE/MAX value proposition to real estate entrepreneurs across the country and reaffirms the power of RE/MAX, the #1 name in real estate.1 New brokerage openings: Darius Cochran opened RE/MAX River & Ranch on Dec. 19 in Labelle, FL Brandon Reichenau opened RE/MAX Frontier on Nov. 30 in Midlothian, TX Sibel Gucum opened RE/MAX Superior on Nov. 22 in Deer Park, NY Josh Jarboe opened RE/MAX Empire on Nov. 21 in Mt.

24 New RE/MAX Offices Open in Last Three Months of 2023

Home Prices Ease Amid Declining New Listings, Sales, Inventory DENVER , Dec. 19, 2023 /PRNewswire/ -- Posting the lowest Median Sales Price in eight months, November home sales dropped from October levels and the number of homes for sale fell slightly. Indicative of the usual year-end slowdown, home sales in November dropped by 9.8% compared to October and declined 6.5% versus the same period last year.

RE/MAX National Housing Report for November 2023

RE/MAX Marketplace is the ultimate hub for premium real estate business services. DENVER , Dec. 7, 2023 /PRNewswire/ -- RE/MAX, LLC, a global leader in real estate franchises, is pleased to announce the expansion of its Approved Supplier Program with two new vendors specializing in education and insurance.

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