The spring homebuying season might have gotten off to a slower-than-expected start in many regions of the country, but franchisor Re/Max LLC grew its agent count, revenue and profits during the first three months of the year. The Denver-based franchise giant said worldwide agent count jumped 4.9 percent from a year ago to 94,385 as of March 31, first-quarter revenue grew 7.2 percent, to $41.9 million, and profits were up 44.2 percent to $7.8 million. Re/Max attributed the jump in revenue to its agent count growth and a $3-a-month increase in the fee it charges Re/Max-affiliated brokerages for every agent they employ (the fee is assessed to brokerages in the U.S. franchise regions it owns). The company also got a revenue boost by taking back ownership of its Southwest and Central Atla...
Mar 27, 2014 by Paul Hagey