Re/Max brings battalion of new recruits into real estate

Francshisor's growth efforts also targeting former agents

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Global franchisor Re/Max is on track to grow its agent count to close to 100,000 by the end of the year thanks in part to its success in bringing on agents new to real estate, the brand's CEO Margaret Kelly told investors on the firm's second-quarter earnings call. Re/Max reported a $14.5 million profit for the second quarter, with revenue up 7.8 percent from the same time a year ago, to $42.3 million. The company expects full-year revenue to be up 6 to 7 percent from the $158.9 million that came last year, Kelly said. Re/Max says its current growth strategies include three initiatives: Increasing total agent count. Continuing to drive franchise sales growth and agent recruitment and retention. Reacquiring select Re/Max regional franchises in the U.S. and Canada. Re/Max grew its worldwide agent count by 4.7 percent from a year ago, to 96,089 as of June 30. Most of that growth came in the U.S., where brokerages affiliated with Re/Max added 2,934 agents, bringing ...