RE/MAX Sells and Renews Nearly 1,000 Franchises Between July-November 2021

RE/MAX sells and renews nearly 1,000 franchises between July and November 2021, expanding its global network.

Read the original at Franchising.com
RE/MAX Sells and Renews Nearly 1,000 Franchises Between July-November 2021

TL;DR

RE/MAX sold and renewed nearly 1,000 franchises between July and November 2021, expanding its global network to include Pakistan, Uzbekistan, and Guyana. The brand also earned several recognitions, including being named on Forbes' list of Best Employers for Women and ranking No. 14 on Entrepreneur's 2021 Top Global Franchise ranking.

Global expansion efforts

During this period, RE/MAX also expanded the brand’s presence to Pakistan, Uzbekistan and Guyana. With the addition of Guyana, RE/MAX now has a presence in every country in South America.

Some of the new franchisees are converting their existing offices. RE/MAX Broker/Owner Stephen Fleming, for instance, rebranded his independent brokerage to RE/MAX Pathway in October. Fleming, who’s been in the business since 2003, recognized that the Harrisburg, PA area is an increasingly competitive market, and that aligning with RE/MAX was the best way to spark additional growth at his office.

"We were drawn to RE/MAX, not only because of the value and what you get with the franchise,” says Fleming. “It's more than that, it's a community of like-minded, success focused individuals who never hesitate to work on our behalf to get things accomplished."

Peter Luft, RE/MAX Vice President of Franchise Sales, enjoys opening new doors for entrepreneurs looking to succeed in the real estate industry. “We’re adding new offices and opening them quickly so they can start taking advantage of all that RE/MAX provides, such as access to RE/MAX University® education, extensive referral opportunities and dynamic marketing and technology tools.”

“We’re thrilled to welcome Stephen Fleming and our other new owners to the RE/MAX brand as they dedicate themselves to serving their agents, enhancing their communities, and helping buyers and sellers achieve their real estate goals.”

Brand recognitions

In this same timeframe, during which nearly 1,000 franchise agreements were signed or renewed, RE/MAX also earned the following brand recognitions:

  • RE/MAX franchisees, as a group, were named on Forbes’ list of Best Employers for Women and were recognized on Forbes’ inaugural ranking of the World's Top Female-Friendly Companies.

  • RE/MAX was recognized for its international appeal on Entrepreneur’s 2021 Top Global Franchise ranking[1] coming in at No. 14 out of 200 franchise brands.

  • RE/MAX was No. 1 on the Denver Business Journal’s 2021 Largest Colorado-Based Franchisors List[2].

  • RE/MAX has the #1 Most Trusted Real Estate Agents according to a BrandSpark® study in the USA[3] and Canada[4].

RE/MAX has a presence in more countries and territories than any other real estate brand. From a single office that opened in 1973 in Denver, Colorado, RE/MAX has grown into a global real estate network with more than 140,000 sales associates in over 8,600 offices across more than 110 countries and territories.

[1] 2021 Entrepreneur Top Global Franchises ranking, based on size and growth, costs and fees, support, brand strength, and financial strength and stability.

[3] Voted most trusted Real Estate Agency brand by American shoppers based on the 2022 BrandSpark® American Trust Study.

[4] Voted most trusted Real Estate Agency brand by Canadian shoppers based on the 2022 BrandSpark® Canadian Trust Study.

In this story

This story was originally published in Franchising.com on December 16, 2021. Burnaze summarizes and links to the original reporting.

Read the full story at Franchising.com

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