Despite shutdown measures to stem the COVID-19 pandemic, Re/Max LLC sold 509 franchises, renewed 621 franchises worldwide and welcomed added North Macedonia to its service area in the period from March through the end of the third quarter 2020, the company announced.
“The benefits of aligning with the No. 1 name in real estate in the U.S. are even more crucial to successful entrepreneurs in a year as unpredictable as 2020,” said Peter Luft, Re/Max vice president of franchise sales. “Beyond brand awareness, we saw the power of association with top producers in the industry on full display during 2020. With franchisees exchanging ideas and taking advantage of exclusive new tools, training and technology, this year demonstrated that the RE/MAX network doesn’t back down when times get tough. We roll up our sleeves and get to work.”
Of the 509 new RE/MAX franchises sold between March and September, nine offices were awarded conversions of existing companies, whether independent or franchised. Re/Max has been doubling down on support to its network during the crisis, the company noted.
“We have so much more on the horizon,” said Josh Bolgren, senior vice president, region development. “The sales and renewals we’ve seen even in a year as unpredictable as 2020 validates everything we’ve done up to this point. We focus on ensuring that Re/Max franchisees have what they need to attract and develop the most skilled agents in the business. We work closely with our new offices to help them grow their business and serve their local buyers and sellers.”
From a single office that opened in 1973 in Denver, Colorado, Re/Max has grown into a global real estate network with more than 135,000 sales associates in more than 110 countries and territories.
