RE/MAX CEO Nick Bailey exits as company revenue falls again in Q4

RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president. Continue reading

Real estate CEOs: Big changes from bombshell suits ‘improbable’

The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don’t anticipate major disruptions. Continue reading

RE/MAX revenue, US agent count continue decline in second quarter

While the brokerage’s overall head count rose modestly to 144,510 agents in the second quarter, its agent count declined in the U.S. by 6.3 percent, to 56,987, according to a Q2 earnings call Wednesday. Continue reading

RE/MAX revenue, US agent count, continue to drop in Q1

Total revenue dropped 6.2 percent year over year and U.S. agent count fell 5.4 percent, according to earnings data released Thursday as the real estate brokerage continues to wrestle with a shifting market. Continue reading

Motto Mortgage opened offices at a record pace in 2022 as sales slowed

Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6 million fourth-quarter net loss. Continue reading

RE/MAX’s keys to success in 2023: Recruitment, mergers, acquisitions

As the brokerage prepares for a slower market, agent recruitment, finding a permanent RE/MAX Holdings CEO and franchise consolidation are among the issues RE/MAX will face in 2023. Continue reading

RE/MAX Holdings appoints new chief information officer

Former Fathom Realty executive Grady Ligon has joined the company, bringing more than 20 years of experience in financial and brokerage technology. Continue reading

RE/MAX Board of Directors eyes new blood as Joe DeSplinter departs

DeSplinter, who joined the board in 2016, informed the lead independent director he intends to retire ahead of the completion of his term, which was scheduled to end next year. Continue reading

RE/MAX Holdings appoints its first-ever Black female board member

RE/MAX Holdings has chosen hospitality mogul Annita M. Menogan to become its first-ever Black female board member, according to an announcement on Tuesday. Menogan will serve alongside ten other members including founder Dave Liniger, interim CEO Steve… Continue reading

As supply dwindled, nation’s biggest brokerages gained market share

The biggest real estate brokerages and franchise networks made big gains in market share in 2021, a new report reveals. Continue reading