While the housing market is experiencing a post tax credit correction, RE/MAX reports that at the end of the 3rd quarter, 2010 franchise sales are 36 percent higher than this time last year.
“Wherever we go in the world we hear the same story-RE/MAX offers the best value in the marketplace,” says Vinnie Tracey, president of RE/MAX, LLC. “When they invest their money in a new RE/MAX franchise, savvy businesspeople give a vote of confidence to a brand known around the world for offering tools and technologies that ensure success.”
After nine months, the global real estate franchisor sold 510 franchises worldwide. In the U.S., 147 sales represent a 28.9% increase over 2009, and in Canada, 28 sales mark a 16.6% increase. An even more impressive success story is taking place in the emerging markets of Brazil and India, where RE/MAX has sold 71 and 64 franchises respectively in 2010.
Franchise sales of 112 were the highest ever seen for the company in the month of August. Regions where RE/MAX was particularly successful include California-Hawaii, where 24 franchises were sold, New England with 19 and Texas which counted 16 franchise sales. Internationally, 21 franchises were sold in Italy, 18 in Israel, and 16 in both Australia and the Ontario-Atlantic region of Canada.
In September, RE/MAX India was named both The Master Franchisor of the Year in Real Estate and The Startup Franchise of the Year. In the U.S., RE/MAX was just named for the fourth year in a row to the prestigious top ten list of Military Spouse-Friendly Employers.
Success for the RE/MAX organization is measured by the quality of its Sales Associates, who average more than twice as many transaction sides than agents with nearly all other national franchises. RE/MAX has the most productive sales force in real estate.
“After 37 years of economic ups and downs, we’re confident RE/MAX has a proven system that works for our Affiliates and the consumers they serve,” says Ms. Tracey. “As markets around the world enter an economic recovery, RE/MAX is perfectly positioned to provide the highest quality service to homebuyers and sellers.”
Recently, RE/MAX has also entered into several business alliances that will help address the needs of consumers struggling to deal with the economic issues of today’s market. Strategic agreements have been reached with Real Property Management, Equator, ResNet, and the Real Estate Investors Association.
RE/MAX is proud of its Premier Community Citizenship, which has raised over $100 million for deserving organizations like Susan G. Komen for the Cure®, Children’s Miracle Network and The Sentinels of Freedom Foundation.