Re/Max finally releases earnings delayed due to investigation

Preliminary Q3 and Q4 earnings show franchisor's revenue rose 11% to $196M in 2017, investigation concludes

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Real estate franchisor Re/Max posted an 11.1 percent year-over-year increase in 2017 revenue to $195.9 million due to agent count growth and rising home prices, resulting in a net income of $12.8 million for the year, according to the company's latest preliminary earnings report, which were posted on the afternoon of Thursday, Feb. 22. The company reported a 6.4 percent increase in agent count for the year to 119,041 agents worldwide, and a 2.3 percent increase in agents in the U.S. in Canada, to 84,274. "The real strength of our business resides in our world-class network of brokers and highly productive agents," said Re/Max CEO Adam Contos, who this month took the reins from Re/Max co-founder Dave Liniger upon his retirement. "During the past year we made investments in training, innovation and technology, which we expect to help our network become even more productive and connect more effectively with today's home buyers and sellers. Our foundation has never been stronger, ou...