BrokerageIndustry News

Re/Max takes control of franchising in Texas

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Denver-based franchisor Re/Max LLC will now have the right to sign up Re/Max franchisees in Texas after taking ownership of the "master franchise" region.Richard and Jeanne Filip, owners of Houston-based Re/Max of Texas since 1996, agreed to transfer ownership of the master franchise for the state of Texas late last year. They remain the owners of several individual Re/Max brokerages.Re/Max LLC now owns 10 of 32 U.S. master franchise regions, and 12 of 158 worldwide, said Shaun White, a spokesman for the company.Owners of Re/Max master franchise regions have the exclusive right to sell new franchises in that region, White said. Some regions are delineated by state boundaries, he said. Others, like Re/Max Pacific Northwest, are defined by geographic areas. Some, like Re/Max China and Re/Max Australia, cover entire countries. Re/Max LLC has a network of 90,000 agents in 85 countries and claims to have the largest international presence of any real estate organization.Re/M...