RE/MAX buys ad funds from former CEO Dave Liniger

The real estate franchisor acquired two dozen companies from its former CEO for $40 in what it says is a housekeeping move

On Jan. 1, RE/MAX LLC, an indirect subsidiary of RE/MAX Holdings, acquired 22 advertising funds and related entities from Liniger, who is RE/MAX Holdings’ co-founder and chairman, and merged them into a new RE/MAX subsidiary, RE/MAX Marketing Fund LLC.