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RE/MAX saw agent-growth boom in 1Q

Global real estate franchisor Re/Max added more agents to its pack in the first quarter 2015 than in any quarter since 2006, the firm reported in its earnings statement released today.

by Paul Hagey on May 7, 2015

FROM INMAN NEWS

The Denver-based firm crested the 100,000-agent mark in April, but ended the first quarter with 99,995 troops after adding 1,945 agents in the first three months of 2015.

Re/Max also reported a net profit of $9.1 million on $44.2 million in revenue in the quarter, a 5.6 percent revenue bump from the same quarter a year ago.

The firm attributed the revenue growth primarily to its increase of 5,570 agents over that time span. (Re/Max agents in the U.S. pay an annual fee of $390 to the firm).

“In the first quarter, we experienced our strongest quarterly agent gain since the first quarter of 2006 and we surpassed the 100,000 agent mark in April, strong proof that our agent-centric business remains a destination for quality agents,” said Re/Max co-founder and CEO Dave Liniger in a statement.

Re/Max said it expects agent count growth to continue on a similar trajectory in the second quarter.

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