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.

One of the world's leading franchisors in the real estate industry appointed seasoned financial executive Katie Scherping to its Board of Directors; Scherping will succeed Board member Joe DeSplinter who in September announced his intention to retire upon the appointment of his successor DENVER , Dec. 9, 2022 /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., today announced that veteran financial executive Katie Scherping has been appointed to the Company's Board of Directors and will serve on the finance & investment and audit committees. Having served as the CFO for several public and private companies for nearly 20 years, Scherping is a qualified financial expert bringing additional deep leadership, accounting and managerial experience to the RE/MAX Holdings Board.

RE/MAX HOLDINGS, INC. ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS

The brand inked agreements for 200+ franchises and renewed over 245 affiliated offices from July-September 2022   DENVER , Nov. 30, 2022 /PRNewswire/ -- RE/MAX, the #1 name in real estate1, announced today that over 200 franchises affiliated with the network during the third quarter of 2022. Furthermore, more than 245 brokerages renewed their franchise agreements.

RE/MAX® Posts Strong Q3 Franchise Sales, Retention Results

VANCOUVER, BC , Nov. 30, 2022 /PRNewswire/ - RESAAS Services Inc. (TSXV: RSS) (OTCQB: RSASF), ("RESAAS" or the "Company"), is pleased to announce that it has expanded its existing relationship with RE/MAX, LLC (NYSE: RMAX) to officially include all RE/MAX agents based in the United States. The agreement further connects the RE/MAX network, tapping into its deep international referral system.

RESAAS Expands Relationship with RE/MAX® Across United States

More Inventory, Fewer Homes Selling As Sale Prices Slowly Dip DENVER , Nov. 16, 2022 /PRNewswire/ -- October revealed a vastly different housing market from one year ago, with 30.7% fewer closings, 36.8% more homes for sale, and the average home taking nearly a week longer to sell, at 35 days on market. As a result, the Median Sales Price was pushed down 0.3% to $399,000 from September's $400,000 – the third straight month of decline.

RE/MAX National Housing Report for October 2022

Esteemed coach is this year's recipient of the prestigious award presented by RE/MAX, LLC and RISMedia DENVER , Nov. 15, 2022 /PRNewswire/ -- RE/MAX, LLC and RISMedia are pleased to announce that real estate coaching legend Judy LaDeur received the "On the Shoulders of Giants" award during the RISMedia 2022 Power Broker Reception & Dinner on November 11 at the Rosen Centre Hotel in Orlando, FL. The prestigious award recognizes an individual whose efforts, works, deeds and character exemplify superior achievements in and for the real estate industry.

Top Industry Coach, Judy LaDeur, Honored with RISMedia "On the Shoulders of Giants" Award

RE/MAX team leaders and members will learn how to leverage scale and deliver even better service at the annual event in Las Vegas DENVER , Nov. 9, 2022 /PRNewswire/ -- RE/MAX, LLC today announced that real estate experts Wayne Fredrick, Jared James and Verl Workman will be featured speakers at The Ultimate RE/MAX Teams Event December 6 -7, 2022, at Caesar's Palace in Las Vegas, Nevada. The event, open to current real estate team leaders as well as those interested in starting a team, will include networking, panel presentations, workshops, roundtables and sessions with three of the industry's premier educators.

The Ultimate RE/MAX® Teams Event to Feature Real Estate Coaching, Consulting Titans as Headline Speakers

DENVER , Nov. 9, 2022 /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 of Motto Mortgage, the first-and-only national mortgage brokerage franchise brand in the U.S., announced today that Chief Financial Officer Karri Callahan and President and Chief Executive Officer of Motto Franchising, LLC and wemlo® Ward Morrison are scheduled to appear at the 2022 Stephens Investment Conference on Tuesday, November 15, 2022, at 1:00 p.m. CST. A link to the live webcast of the Fireside Chat, as well as the replay, will be available at https://investors.remaxholdings.com.

RE/MAX HOLDINGS, INC. TO PARTICIPATE IN 2022 STEPHENS INVESTMENT CONFERENCE

RE/MAX Holdings, Inc. (RMAX) Q3 2022 Earnings Conference Call November 4, 2022 8:30 AM ET Company Participants Andy Schulz - SVP, IR Steve Joyce - CEO Karri Callahan - CFO Ward Morrison - President and CEO, Motto Mortgage and Wemlo Nick Bailey - President and CEO, RE/MAX, LLC Conference Call Participants Stephen Sheldon - William Blair Anthony Paolone - JPMorgan Tommy McJoynt - KBW John Campbell - Stephens Ryan McKeveny - Zelman & Associates Ronald Kamdem - Morgan Stanley Matthew Erdner - Jones Trading Justin Ages - Berenberg Capital Markets Operator Good morning, and welcome to the RE/MAX Holdings Third Quarter 2022 Earnings Conference Call and Webcast. My name is Chris, and I will be facilitating the audio portion of today's call.

RE/MAX Holdings, Inc. (RMAX) Q3 2022 Earnings Call Transcript

RE/MAX (RMAX) delivered earnings and revenue surprises of -5.08% and 1.16%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

RE/MAX (RMAX) Q3 Earnings and Revenues Lag Estimates

Total Revenue of $88.9 Million, Adjusted EBITDA of $31.5 Million, Share Buyback Accelerated DENVER , Nov. 3, 2022 /PRNewswire/ -- Third Quarter 2022 Highlights (Compared to third quarter 2021 unless otherwise noted) Total Revenue decreased 2.3% to $88.9 million Revenue excluding the Marketing Funds1 decreased 2.2% to $66.2 million, driven by negative 4.9% organic growth2 and adverse foreign currency movements of 0.5%, partially offset by 3.2% growth attributable to acquisitions Net income attributable to RE/MAX Holdings, Inc. of $0.1 million and income per diluted share (GAAP EPS) of $0.01 Adjusted EBITDA3 decreased 9.5% to $31.5 million, Adjusted EBITDA margin3 of 35.4% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.56 Total agent count increased 2.4% to 144,300 agents U.S. and Canada combined agent count decreased 0.6% agents to 85,133 agents Total open Motto Mortgage franchises increased 19.9% to 211 offices4 Operating Statistics as of October 31, 2022 (Compared to October 31, 2021 unless otherwise noted) Total agent count increased 1.9% to 144,029 agents U.S. and Canada combined agent count decreased 1.0% to 84,924 agents Total open Motto Mortgage franchises increased 21.9% to 217 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-and-only national mortgage brokerage franchise brand in the U.S., today announced operating results for the quarter ended September 30, 2022.  "Our third-quarter results showed solid performance, driven by our 2021 RE/MAX INTEGRA acquisition and growing mortgage business, which helped offset the impact from increasingly difficult housing market conditions," said Steve Joyce, RE/MAX Holdings Chief Executive Officer.

RE/MAX HOLDINGS, INC. REPORTS THIRD QUARTER 2022 RESULTS

Established Company Executive Will Now Also Oversee RE/MAX Commercial in her Elevated Role  DENVER , Oct. 21, 2022 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, announced the promotion of Shawna Gilbert to Senior Vice President of Global Development. Gilbert's strategic leadership and guidance supports RE/MAX affiliates located outside the U.S. and Canada as they build their businesses with RE/MAX.

Shawna Gilbert Promoted to Senior Vice President, Global Development of RE/MAX, LLC

Longtime leader Sandy Jamison will head up region development for the area DENVER , Oct. 19, 2022 /PRNewswire/ -- RE/MAX®, the #1 name in real estate1, today announced the promotion of Sandy Jamison to Vice President of Region Development for the RE/MAX Northeast Region. In this role, Jamison will oversee regional operations in 14 states, from Ohio to Maine, as well as Washington, D.C.

RE/MAX Promotes Seasoned Company Leader to Vice President for the Northeast Region

Inventory Grows, Home Prices Drop as Homes Take Longer to Sell DENVER , Oct. 17, 2022 /PRNewswire/ -- Typical for this time of year, September home sales declined 9.7% from August across the report's 53 metro areas. That led to inventory climbing to two months' supply for the first time in nearly two years – an encouraging sign of a more balanced market to come.

RE/MAX National Housing Report for September 2022

For the 14th straight year, RE/MAX is recognized as the leading real estate franchise brand in the prestigious ranking DENVER , Oct. 10, 2022 /PRNewswire/ -- RE/MAX®, the #1 name in real estate1, was recognized as a top 10 franchise in the 2022 Franchise Times Top 500 survey. The global real estate franchisor was also recognized as the leading real estate franchise brand for the 14th year in a row.

RE/MAX Ranked a Top 10 Franchise in Franchise Times Top 500®

DENVER , Oct. 7, 2022 /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 ended September 30, 2022, after market close on Thursday, November 3, 2022, and will host a conference call and webcast for interested parties on Friday, November 4, 2022, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE THIRD QUARTER RESULTS ON NOVEMBER 3, 2022

Highwoods Properties

iSun

“It's not over yet,” he shook his head. “Bear Stearns isn't the end of it.

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Real estate technology veteran to serve as technology leader across RE/MAX, Motto Mortgage, and other subsidiaries DENVER , Oct. 3, 2022 /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., today announced that Grady Ligon will join as Chief Information Officer (CIO). He has more than 20 years of experience in technology and data leadership with a proven track record of upgrading organizational application of technology, accelerating business growth and expansion.

ACCOMPLISHED TECHNOLOGY EXECUTIVE GRADY LIGON JOINS RE/MAX HOLDINGS, INC. AS CHIEF INFORMATION OFFICER

Zillow

The 5-year fixed-rate mortgage averaged 5.44%up from last week when it averaged 5.21%.

Mortgage Rates Keep Climbing As More People Apply For Home Loans

Drops in Sales Price Result in More Closings, Less Inventory DENVER , Sept. 16, 2022 /PRNewswire/ -- According to August data in the RE/MAX National Housing Report, home sellers, on average, accepted offers below their listing prices last month – a further indication of rebalancing in the housing market.

RE/MAX National Housing Report for August 2022

The brand inked agreements for 180+ franchises and renewed over 215 affiliated offices from April-June 2022 DENVER , Sept. 6, 2022 /PRNewswire/ -- RE/MAX, the global real estate franchisor, today announced over 180 new franchise agreements and over 215 renewals were signed worldwide between April and June 2022.

RE/MAX Reveals Strong Franchise Sales Results and High Retention in Q2 2022

DENVER , Sept. 2, 2022 /PRNewswire/ -- RE/MAX, LLC today announced it has closed the sale of Master Franchise Rights in the Republic of Benin, a French-speaking West African nation, to Marc Houessou.

RE/MAX Grows Presence in Western Africa, Sells Master Franchise Rights in Republic of Benin

D.R. Horton

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Why is a housing market recession expected? What sectors will be directly affected and what stocks should you keep an eye on for now?

What Stocks Are Directly Impacted By A Housing Market Recession?

Current or aspiring commercial real estate professionals can make referral connections and learn new business strategies at this premier industry event in September  DENVER , Aug. 25, 2022 /PRNewswire/ -- RE/MAX, LLC today announced an impactful lineup of speakers for the upcoming 2022 RE/MAX Commercial Symposium. The three-day event, designed to help commercial brokers build their businesses – and provide insights to residential agents interested in expanding their expertise – will be at the Westin La Paloma Resort & Spa in Tucson, Arizona, September 11-13.

2022 RE/MAX COMMERCIAL SYMPOSIUM TO HOST DYNAMIC SPEAKERS

Shares of real estate franchisor RE/MAX Holdings are down over 60% since reaching an all-time high in 2017, including roughly 20% YTD22 as previously absurd valuations have rationalized. That said, RE/MAX only derives one-quarter of its revenue from real estate transactions and is making a significant push into the mortgage broker market employing a similar model.

RE/MAX Holdings: Navigating The Housing Slump

Median Home Prices Inch Downward While Sales Drop, Inventory Grows DENVER , Aug. 17, 2022 /PRNewswire/ -- A double-digit drop in home sales from June to July fueled a double-digit increase in homes for sale, triggering the first decline in the Median Sales Price since January. July's Median Sales Price of $415,000 was down 2.9% from June and the lowest since April's $406,000.

News for RE/MAX Hld Stock (RMAX)