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.

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

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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.

RE/MAX National Housing Report for July 2022

The annual event featured renowned speakers and business-growth opportunities for conference attendees   DENVER , Aug. 16, 2022 /PRNewswire/ -- Over 1,100 RE/MAX leaders and guests gathered at the Gaylord Opryland Resort & Convention Center in Nashville, TN this week for the global real estate franchisor's 2022 RE/MAX Broker Owner Conference (BOC). The three-day event included many BOC staples – Opening General Session, impactful speakers, networking opportunities, Children's Miracle Network Hospitals® Auction, Approved Supplier Marketplace, and a full range of educational sessions focused on brokerage strategies, technology and the overwhelming value of a productive culture.

RE/MAX Broker Owner Conference Provides Franchisees with Valuable Resources to Help Grow Their Businesses Amid a Changing Market

San Pedro, Belize--(Newsfile Corp. - August 13, 2022) - RE/MAX Belize, one of the leading real estate brokerages in the Belize region, has just launched a new strategy around diversifying a portfolio during a period of high inflation and economic uncertainty. In addition, to educate buyers and investors on how to find real estate investments that are strategic assets during inflationary periods.Will Mitchell & Dustin Rennie - RE/MAX Belize

RE/MAX Belize Launches New Strategy Focusing on Inflation and Global Economic Development

DENVER, Aug. 8, 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., has appointed Susie Winders as General Counsel, Chief Compliance Officer and Secretary. Winders, who joined the Company more than 13 years ago, served most recently as Vice President, Assistant General Counsel for RE/MAX, LLC, managing the Legal department's litigation teams and overseeing aspects of the compliance program.

SUSIE WINDERS APPOINTED GENERAL COUNSEL AND CHIEF COMPLIANCE OFFICER OF RE/MAX HOLDINGS, INC.

RE/MAX Holdings (RMAX) Q2 2022 Earnings Conference Call August 5, 2022 8:30 AM ET Company Participants Andy Schulz - SVP, IR Steve Joyce - CEO Ward Morrison - President and CEO, Motto Mortgage and Wemlo Nick Bailey - President and CEO, RE/MAX, LLC Karri Callahan - CFO Conference Call Participants Anthony Paolone - JPMorgan Ryan McKeveny - Zelman & Associates Tommy McJoynt - KBW John Campbell - Stephens Ronald Kamdem - Morgan Stanley Matt Filek - William Blair Operator Good morning, and welcome to the RE/MAX Holdings Second Quarter 2022 Earnings Conference Call and Webcast. My name is Dennis, and I will be facilitating the audio portion of today's call.

RE/MAX Holdings (RMAX) CEO Steve Joyce on Q2 2022 Results Earnings Call Transcript

RE/MAX (RMAX) delivered earnings and revenue surprises of 6.25% and 1.04%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

RE/MAX (RMAX) Tops Q2 Earnings Estimates

Total Revenue Grew 19.3%, Organic Revenue Grew 1.7%, and Adjusted EBITDA Grew 14.4% DENVER , Aug. 4, 2022 /PRNewswire/ -- Second Quarter 2022 Highlights (Compared to second quarter 2021 unless otherwise noted) Total Revenue increased 19.3% to $92.2 million Revenue excluding the Marketing Funds1 increased 17.0% to $69.3 million, and was comprised of 1.7% organic growth2, 15.9% growth attributable to acquisitions, partially offset by 0.6% due to foreign currency movements Net income attributable to RE/MAX Holdings, Inc. of $5.8 million and income per diluted share (GAAP EPS) of $0.30 Adjusted EBITDA3 increased 14.4% to $35.1 million, Adjusted EBITDA margin3 of 38.1% and Adjusted earnings per diluted share (Adjusted EPS3) of $0.68 Total agent count increased 2.7% to 143,939 agents U.S. and Canada combined agent count increased 185 agents to 85,679 agents Total open Motto Mortgage franchises increased 22.0% to 200 offices4 Operating Statistics as of July 31, 2022 (Compared to July 31, 2021 unless otherwise noted) Total agent count increased 2.3% to 143,761 agents U.S. and Canada combined agent count decreased 183 agents to 85,524 agents Total open Motto Mortgage franchises increased 22.0% to 205 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 June 30, 2022.  "Our strong second-quarter results demonstrate the strength and resilience of our 100%-franchise model, particularly amid shifting housing market conditions," said Steve Joyce, RE/MAX Holdings Chief Executive Officer.

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

Additions include real estate co-ownership platform Pacaso, home improvement solution Curbio, and T-Mobile DENVER , Aug. 3, 2022 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, today announced the addition of eight companies to the RE/MAX Approved Supplier program. Through the program, RE/MAX Affiliates in the U.S. and Canada have access to a curated group of vendors offering products and services for virtually every real estate need.

RE/MAX Delivers New Savings, Offerings to Affiliates with Addition of 8 Approved Suppliers Vendors

RE/MAX (RMAX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can RE/MAX (RMAX) Keep the Earnings Surprise Streak Alive?

RE/MAX (RMAX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes RE/MAX (RMAX) a New Strong Buy Stock

RE/MAX (RMAX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

RE/MAX (RMAX) Earnings Expected to Grow: Should You Buy?

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As Inventory Rises, June Home Sales Post Year's Highest Mark But Trail 2021 DENVER , July 18, 2022 /PRNewswire/ -- Halfway through the peak summer buying season, this year's home sales are falling short of 2021's, as signs of more balance in the market take hold. June posted the most home sales of any month thus far this year, topping May by 4.7% but falling 17.6% short of June 2021.

RE/MAX National Housing Report for June 2022

Re/Max Holdings Inc. said late Thursday it expects to cut its workforce by about 17% by the end of the year, mostly technology positions, as the real-estate company outsources some of its technology needs. Re/Max said it is entering a relationship with Inside Real Estate, the developers of a cloud-based, "all-in-one" real-estate platform for agents.

Re/Max to cut 17% of its workforce

RE/MAX, LLC Launches Teams Initiative, Formally Introduces Brokerage Mergers-and-Conversions Program and Announces Next Steps in Its Technology Evolution RE/MAX Holdings Increases Sales and Marketing Investment in Mortgage Segment to Accelerate Progress Toward $100 Million Annual Revenue Goal Company Initiatives to be Funded Through the Reallocation of Existing Resources DENVER , July 7, 2022 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company") (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., today provided an update on its strategic initiatives – centered on reinvigorating its U.S. RE/MAX agent count growth and accelerating the expansion of its growing mortgage business. The Company also announced the next steps in the technological evolution of RE/MAX and reported key operating metrics as of June 30, 2022.

RE/MAX HOLDINGS, INC. ANNOUNCES STRATEGIC INITIATIVES DESIGNED TO ACCELERATE PROFITABLE GROWTH

DENVER , July 5, 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 June 30, 2022, after market close on Thursday, August 4, 2022, and will host a conference call and webcast for interested parties on Friday, August 5, 2022, at 8:30 a.m. Eastern Time.

RE/MAX HOLDINGS, INC. TO RELEASE SECOND QUARTER RESULTS ON AUGUST 4, 2022

RE/MAX leaders will be joined by renowned author Vernice "FlyGirl" Armour and Olympic gold medalist Scott Hamilton DENVER , June 29, 2022 /PRNewswire/ -- RE/MAX, LLC today announced an impactful lineup of speakers for the upcoming 2022 RE/MAX Broker Owner Conference. The three-day event, aimed at providing affiliated Broker/Owners and their guests networking opportunities and insights they can leverage to grow their businesses, will be at the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee, August 14-16.

RE/MAX to Host Esteemed Speakers at 2022 Broker Owner Conference

More than 3,700 RE/MAX agents are named on the RealTrends + Tom Ferry "America's Best Real Estate Professionals" list DENVER , June 15, 2022 /PRNewswire/ -- On the heels of the recently released RealTrends + Tom Ferry "The Thousand" ranking, which confirmed RE/MAX had more of the nation's 1,000 most prolific home-selling agents than any other brand, the global real estate franchisor today announced that more than 3,700 RE/MAX professionals qualified for a related ranking of agents and teams. What's more, according to the RealTrends + Tom Ferry "America's Best Real Estate Professionals List," RE/MAX teams in the small, medium and large categories also posted the highest average number of transaction sides per team member of any brand*.

Prestigious Industry Survey Confirms RE/MAX Teams Continue to Lead in Productivity

The widely respected RealTrends + Tom Ferry "The Thousand" list confirms RE/MAX has more of the nation's elite agents DENVER , June 10, 2022 /PRNewswire/ -- The prestigious RealTrends + Tom Ferry The Thousand ranking released today confirms RE/MAX again has more of the nation's 1,000 most prolific home-selling agents than any other brand. Of the 1,000 rankings based on transaction sides and sales volume, RE/MAX agents claimed 131 spots – more than any other brand.

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