Re/Max had more agents, less revenue in Q2

The franchisor's total agent count grew to 109,960
  • Second quarter revenue was down 2 percent to $43.4 million.
  • Agent count increased 7.9 percent year-over-year.

Re/Max’s quarterly earnings report showed that agent count increased 7.9 percent 109,960 agents. The company’s operating expenses decreased 1 percent from the previous year’s second quarter to $22.7 million. Revenue decreased 2 percent year-over-year from the second quarter of 2015 to $43.4 million.