Remax's Q1 results show North American agent count and revenue slipping
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Erik Carlson said the company's franchisees are 'seeing a lot more inbound activity here,' which may, in part, be in response to the recently announced acquisition of Anywhere by Compass
Former PHH Mortgage executive Vic Lombardo was most recently COO of Guaranteed Rate Affinity, a joint venture between nonbank lender Guaranteed Rate and Anywhere Real Estate
The franchisor's total agent count grew 2.5% from a year ago, to 147,073. But a growing proportion of those agents work outside of RE/MAX's main markets, the US and Canada
Mortgage broker Elliman Capital, a 'strategic alliance' with Associated Mortgage Bankers Inc., will offer traditional and specialty loan products 'from multiple national and regional lenders'
Since peaking at 246 offices in the fourth quarter of 2023, RE/MAX's mortgage brokerage franchising business has experienced declines for 5 consecutive quarters
Revenue fell to $74.5M, down from $78.3M a year earlier, marking the 11th-straight quarter of decline, according to financial results posted by RE/MAX Thursday after the markets closed
Ward Morrison will step down in June but serve as a consultant until the end of the year. He has helmed Motto Mortgage since 2016