Industry News

RE/MAX franchise sales up

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Franchise sales for global real estate franchisor RE/MAX International are slightly ahead of projections for 2006, and were 1.8 percent stronger than the same time period in 2005, according to statistics at the end of June. A total of 451 new franchises had been sold by mid-year compared to 443 for 2005 which had set the previous record for first half of year sales and year end sales of 1,078, RE/MAX said today. Strongest sales numbers from January through June were in Portugal with 24 followed by Turkey at 23. In the United States, the Carolinas region completed 21 sales, while Texas had 18. Both South Africa and Australia also sold 18 new franchises. California/Hawaii closed 17, and both the New York region and Central Atlantic (Virginia, Maryland, West Virginia and Washington, D.C.) regions sold 16. "RE/MAX also expanded into Finland, Hungary, Romania and Mozambique this year," said Peter Gilmour, RE/MAX senior vice president of international franchise sales and brokerage. "Expan...