Re/Max Holdings Inc
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Re/Max Holdings Inc
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Re/Max Holdings Inc
RE/MAX Holdings owns and franchises one of the best-known real estate brokerage brands in the world. It does not primarily act as a home seller or buyer itself; instead, it licenses the RE/MAX name, systems, and support services to independent real estate agents and brokerage offices that use the brand to serve local housing markets. The company makes money mainly through franchise fees, agent-related fees, and other services tied to its network. Its customers are the franchise owners and agents who pay for the right to use the brand, access training and technology tools, and stay connected to the RE/MAX system. In a practical sense, RE/MAX sits in the middle of the residential real estate value chain, helping independent agents market homes and close deals under a recognized banner. What makes the business model different is that RE/MAX is built around a large network of independent professionals rather than company-owned storefronts. That gives it a lighter asset base than a traditional brokerage and makes the brand, recruiting, and agent retention especially important. Its role is less about owning transactions and more about providing the platform, name recognition, and support that help agents run their own businesses.
RE/MAX Holdings owns and franchises one of the best-known real estate brokerage brands in the world. It does not primarily act as a home seller or buyer itself; instead, it licenses the RE/MAX name, systems, and support services to independent real estate agents and brokerage offices that use the brand to serve local housing markets.
The company makes money mainly through franchise fees, agent-related fees, and other services tied to its network. Its customers are the franchise owners and agents who pay for the right to use the brand, access training and technology tools, and stay connected to the RE/MAX system. In a practical sense, RE/MAX sits in the middle of the residential real estate value chain, helping independent agents market homes and close deals under a recognized banner.
What makes the business model different is that RE/MAX is built around a large network of independent professionals rather than company-owned storefronts. That gives it a lighter asset base than a traditional brokerage and makes the brand, recruiting, and agent retention especially important. Its role is less about owning transactions and more about providing the platform, name recognition, and support that help agents run their own businesses.
Strong Q4 Performance: Profit and margins landed at the high end of expectations, with solid revenue despite a challenging housing market.
Record Agent Count: Global agent count reached over 148,500, an all-time high, with international markets fueling new records.
Largest Brokerage Conversion: RE/MAX Canada added a 1,200-agent brokerage in Ontario, marking the largest conversion in company history.
Strategic Initiatives: New economic models and digital tools, including AI enhancements and a Marketing as a Service platform, are boosting agent productivity and engagement.
2026 Guidance: Management expects agent count to increase 1.5%–3.5% and revenue to be between $285M and $305M, with adjusted EBITDA of $90M–$100M.
Capital Flexibility: Leverage ratio dropped to 3.12x, giving more room for share repurchases and reinvestment.