RE/MAX (NYSE:RMAX) announced the addition of 206 franchises to its network during the first quarter of this year, a nearly 17% year-over-year expansion.
The Denver-based company also announced 293 existing RE/MAX brokerages, including 12 team offices and two sub-regions, renewed their agreements during the first quarter.
“Relationships and services drive the real estate business,” said Peter Vice President of Franchise Sales Peter Luft. “With the housing market in a state of adjustment, real estate brokerage owners are looking to align and stay with a brand that has a strong worldwide presence and a network of knowledgeable and committed professionals – their peers. RE/MAX had a strong quarter of franchise sales and renewals because the RE/MAX network provides layers of confidence and support for owners and agents.”
RE/MAX, which is celebrating its 50th anniversary in business this year, has more than 140,000 sales associates in over 9,000 offices and a presence in more than 110 countries and territories; each office is independently owned and operated.
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