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/Max LLC last added master franchise regions to its control in 2007, when it purchased Re/Max California and Hawaii, Re/Max Florida and Re/Max Carolinas.

There are 260 offices and 4,300 agents affiliated with Re/Max of Texas.

"For more than 30 years Richard and Jeanne (late owners of Re/Max of Texas) have been dedicated to RE/MAX, and after they became region owners, they built an impressive network of offices and agents across the state of Texas," said Dave Liniger, Re/Max co-founder and chairman, in a statement

"From the beginning, those affiliated with RE/MAX of Texas have benefited from incredible support for their business, like leading marketing and advertising campaigns, innovative technologies and state-of-the-art training," said Richard Filip. "None of that will change."

The current Re/Max of Texas staff will remain on the job for the foreseeable future, the companies said.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription