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RE/MAX
RE/MAX, known for its signature hot air balloon fleet, is the largest real estate network by a count of open units and active agents. While exceeding 7,300 franchised locations in over 100 countries and territories, the company offers residential and commercial real estate services to the general public from highly trained, professional agents. The RE/MAX brand maintains its original, agent-centric approach by allowing brokers and agents to operate under a high-commission concept, share office expenses, and manage their businesses. More about the cost of owning a RE/MAX franchise is below.
Facts & figures
RE/MAX Franchise Opportunities - History
Dave and Gail Liniger’s dream became a reality in 1973 when they opened up the first RE/MAX location in Denver, Colorado. The company was founded on the premise of agents operating under a high commission concept and managing themselves, otherwise described as "real estate maximums," hence the name RE/MAX. The company began expanding almost immediately after opening and by 1978 had gone international with its first location in Canada. RE/MAX continued climbing up a steady growth ladder, reaching the 5,000-location mark in 1984, 10,000 in 1986, 25,000 in 1989, and 50,000 locations in 1998.
With cutting-edge technology such as the RE/MAX Mobile Suite, remax.com, the newly developed MyRU eLearning platform, and the RE/MAX Commercial website, the brand continues to advance and stay ahead of ongoing trends. Today RE/MAX is one of the largest international operating real estate agencies, with over 120,000 agents in 100 countries and territories and $11 billion of systemwide sales. RE/MAX is 100% franchised and around half of all offices are outside of the United States.
What Does A RE/MAX Franchise Cost?
Opening a RE/MAX real estate franchise office costs $40,000 - $230,500 in initial investment, including a franchise fee of $17,500 - $35,000 per location. The RE/MAX royalty percentage varies. Someone thinking of investing in a RE/MAX franchise should have at least $35,000 of cash or other liquid capital available.
