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Who owns Re Max Holdings?
REMAX Holdings owns 58.3% and RIHI owns 41.7% of RE/MAX LLC.
What does R4 stand for Remax?
R4, the annual RE/MAX convention known for its global attendance, unrivaled education and headline-grabbing entertainers, will be March 23-25, 2021, in Orlando, Florida.
Did Remax get bought out?
On July 21, the company announced that Re/Max LLC had purchased the North American regions of a sub-franchisor known as Re/Max Integra, adding more than 19,000 agents and 1,100 independently owned and operated Re/Max offices to its company-owned regions.
How much is Remax worth?
RE/MAX Holdings has a market cap or net worth of $606.56 million as of October 30, 2022, making it the 2,962nd biggest public company in the US. RE/MAX Holdings's market cap has increased by +0.94% in one year.
Who is the CEO of Re Max?
Nick Bailey (Jan 11, 2022–)RE/MAX / CEO
Where is RE/MAX headquarters?
Denver, CORE/MAX / Headquarters
Can Re Max Be Trusted?
Is Remax a trusted brand? ReMax is a trusted brand by many people and has been recognized by sources such as the Trusted Real Estate Agents by BrandSpark, an independent market research company. In partnership with Newsweek, BrandSpark surveyed thousands of people about REMAX and found it to be a trustworthy company.
Are Remax good to work for?
Excellent earning potential if you are willing to do the graft and work hard. You need to put in the legwork to bring in the properties initially and must have the drive and determination but if you work hard it pays off and you will make good money. Very interesting job if you have a passion for the property market.
Why is re Max the best?
With RE/MAX, you receive more than training and education; you gain access to complete agent development. This approach has no end. Throughout your RE/MAX career, you're exposed to ongoing opportunities to grow and improve your business.
What is ReMax Commission split?
RE/MAX lets agents choose between a 95/5 commission split, plus a monthly desk fee, and an 80/20, 70/30, or 60/40 split with no monthly desk fee. However, there might be differences among different RE/MAX offices.
Does Remax have a stock?
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.
Is Re Max publicly traded?
RE/MAX Holdings, Inc. common stock is currently traded on the NYSE under the ticker symbol “RMAX”.
What is Adam Contos salary?
What is the salary of Adam Contos? As the Chief Executive Officer and Director of RE/MAX Inc, the total compensation of Adam Contos at RE/MAX Inc is $2,062,210.
How old is Dave Liniger Remax?
How old is David Liniger? David Liniger is 74, he's been the Non-Executive Chairman of the Board and Co-Founder of RE/MAX Inc since 2018.
Who owns Coldwell Banker?
Anywhere Real EstateColdwell Banker / Parent organizationAnywhere Real Estate Inc., formerly Realogy, is an American publicly owned real estate services company. It owns and franchises several real estate brands and brokerages, and offers consumer programs, lead generation, relocation, and title settlement services. Wikipedia
Is Remax a publicly traded company?
Still based in Denver and led by CEO Adam Contos, its parent company, RE/MAX Holdings Inc., is publicly traded on the New York Stock Exchange as RMAX.
Why was the first balloon flight canceled?
The flight was canceled due to design and weather problems.
How many hot air balloons does RE/MAX have?
As of 2016, RE/MAX operates in about 100 countries and has more than 115 hot air balloons in operation, the largest corporate hot air balloon fleet in the world. In 2018, former president of the company Geoff Lewis, and Liniger stepped down from their roles to retire. Responsibilities were handed to CEO Adam Contos.
What is a RE/MAX hot air balloon?
RE/MAX, short for R eal E state Max imums, is an American international real estate company that operates through a franchise system.
What is RE/MAX real estate?
RE/MAX, short for R eal E state Max imums, is an American international real estate company that operates through a franchise system. As of 2015, RE/MAX had more than 100,000 agents in 6,800 offices. RE/MAX operates in about 100 countries.
Why do local offices use hot air balloons?
Local offices use hot air balloons for educational programs and non-profit organization fundraisers.
Where is the RE/MAX headquarters?
RE/MAX Headquarters in the Denver Technological Center. The RE/MAX hot air balloon at a balloon festival. RE/MAX introduced its hot air balloon logo in 1978 as part of its "Above the Crowd" advertising campaign. RE/MAX, short for R eal E state Max imums, is an American international real estate company that operates through a franchise system.
When was RE/MAX founded?
RE/MAX was founded in January 1973 by Dave Liniger and Gail Main (who later married Liniger and became Gail Liniger). The company was established with a maximum commission concept, meaning agents would keep nearly all of their commissions and pay their broker a share of the office expenses, rather than paying their broker a share of the commission of each sale, which is common in residential real estate. In 1975, Dennis Curtin purchased the first RE/MAX franchise outside of Colorado, in Kansas City, Missouri. The company grew to 100 franchises in two years. RE/MAX held its first convention in Las Vegas in 1976, which became an annual event.
How many agents does RE/MAX have?
Nobody in the world sells more real estate than RE/MAX, which has grown to over 100,000 agents in nearly 100 countries. It’s a diverse network of professionals who work together across borders and cultures in the spirit of sharing success. Whether you purchase an office in an established area like Australia, Europe or South Africa, or introduce the brand to consumers in a new RE/MAX region, you’re joining a dynamic network with unparalleled competitive advantages. And you benefit from elements such as a reputation based on 40 years of hard work, strength in advertising and a core philosophy that everybody wins.
What is a RE/MAX system?
The RE/MAX system appeals to motivated, qualified real estate professionals around the world who want to deliver unforgettable service and results to their clients. No matter what language you speak or what country you call home, the RE/MAX image, brand-name recognition and global presence can open many doors for you.
What is the first step in a RE/MAX journey?
The first step in your RE/MAX journey is deciding to reach out and express your interest. Why not do it today?
How long is the RE/MAX franchise training?
Training Overview: Franchisees or their principal owner and the manager, if any, will be provided with a mandatory 4.5 day training program at the franchisor’s headquarters in Colorado. Franchisees or their principal owner and the manager, if any, must attend and complete the training, although achievement of a stated level of performance is not required. Franchisees or their principal owner will also be required to complete a two-day “Momentum Field Training,” through either RE/MAX, LLC or RE/MAX Regional. Prior to renewal, franchisees may be required to complete the RE/MAX 501: Maximizing Your Office Potential course and/or such other training or courses deemed necessary by the franchisor. Maximizing Your Office Potential is a management refresher course developed to help franchisees adapt to the increasingly complex real estate industry. The franchisor conducts an annual convention and may periodically conduct training conferences designed to build the RE/MAX image, assist franchisees in recruiting potential sales associates and provide an international forum for exchanging ideas on managing and operating RE/MAX offices. Attendance is optional for these events.
What is a RE/MAX franchise?
Franchise Description: The franchisor, RE/MAX, LLC, is engaged in the business of developing a network of affiliated real estate brokerage offices throughout the United States, Canada and elsewhere. The franchise offered is for the operation of a RE/MAX real estate sales office, which offers a variety of real estate services to the general public. All prospective franchisees, renewing franchisees, and transferees must meet the then current subjective and objective standards for new franchisees, including those related to relevant experience, education and licensing, background and past record of compliance with laws, financial capacity, skills, integrity and other qualities of character.
What is a franchisee's territory?
Territory Granted: Franchisees are granted the right to operate the office at a specific address-only location that first must be approved. Franchisees will not receive an exclusive territory or any other type of territorial protection. Franchisees may face competition from other franchisees, from outlets that the franchisor may come to control, from franchises in other channels of distribution that the franchisor operates, or from additional channels of distribution or competitive brands that the franchisor may come to own or control.
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is five years. If franchisees meet the requirements for renewal, the franchise may be renewed for an additional five-year period on the then-current terms.
Does a franchisee get financing for renewal?
Financial Assistance: A franchisee that is renewing an existing franchise may finance a portion of the renewal fee through the franchisor. Other than this assistance, the franchisor does not offer direct or indirect financing, does not guarantee a franchisee’s note, lease or obligation, and does not receive a fee from any financing source.
Can a franchisee compete with other franchisees?
Franchisees may face competition from other franchisees, from outlets that the franchisor may come to control, from franchises in other channels of distribution that the franchisor operates , or from additional channels of distribution or competitive brands that the franchisor may come to own or control.
Is there a minimum performance requirement for a RE/MAX franchise?
There are no minimum performance standards, other than attending the full training program that must be satisfied during training. Franchisees will be expected to meet high standards of real estate service and professionalism reflective of the goodwill and respect enjoyed by the RE/MAX name and organization.
What is royalty fee for franchise?
This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
What does absentee ownership mean?
Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
What is included in the initial investment?
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
What is a franchisor's going fee?
Varies. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
What is exclusive territory?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Going up?
That’s why now is a great time to elevate your vision, your career and your lifestyle alongside the #1 name in real estate. 3 Owning a RE/MAX franchise can help lift your business to its highest potential.
Business-boosting averages
Other networks may talk a big game, but there’s no denying the numbers. RE/MAX tops the charts for major metrics such as total global transactions 1, U.S. and Canadian brand awareness 3, transactions per agent at large brokerages 2 and global presence.
How Much Does It Cost To Open A RE/MAX LLC Franchise?
There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Why Should You Start a RE/MAX LLC Franchise?
Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about RE/MAX LLC franchise and we'll be in touch soon!
