RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president
Amidst difficult market conditions, the real estate franchisor's total revenue was down 8.7% YOY to $81.2M, coming shy of analysts' expectations. The company also suffered a net loss of $59.5M
While the brokerage's overall head count rose modestly to 144,510 agents in the second quarter, its agent count declined in the US by 6.3%, to 56,987, according to a Q2 earnings call Wednesday
Long Beach-based Proper Real Estate has affiliated with the global franchisor, bringing along 70 agents and rebranding to RE/MAX Proper
Total revenue dropped 6.2% year over year and US agent count fell 5.4%, according to earnings data released Thursday as the real estate brokerage continues to wrestle with a shifting market
RE/MAX Holdings' total revenue decreased 8.9% year over year to $81.3M during Q4 due to diminished broker fee revenue, a 1.9% drop in its NA agent count and costs related to increased recruiting incentives. However, the franchisor remains bullish
Former FathomRealty executive Grady Ligon has joined the company, bringing more than 20 years of experience in financial and brokerage technology
The company turned a profit during the first quarter of the year, though its agent count only ticked upward modestly, according to earnings released Thursday