Industry News

RE/MAX ranks highest among real estate franchises

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RE/MAX International Inc. ranked as the top real estate franchise company in an annual top-500 list published by Entrepreneur magazine. RE/MAX ranked eighth overall in the latest Franchise 500 ranking, up from 10th place in 2005. In order to be eligible for consideration in the list, a franchise company must have a minimum of 10 franchise units with at least one being a U.S.-based franchise, it must be seeking new franchisees in the United States, and it cannot be in Chapter 11 at the time the rankings were compiled, according to the magazine's criteria. Financial strength and stability, growth rate and size of the system, number of years in business and length of time franchising, startup costs, litigation, percentage of terminations and the availability of financing are among the criteria considered in the rankings. "We do not measure subjective elements such as franchisee satisfaction or management style," according to a description at the magazine's Web site. The magazine first ...