RE/MAX announced Thursday that it saw a modest increase in revenues during the first quarter of 2021 and that it also added more than 8,000 agents between January and March more than during any quarter in the past decade.
Inman Connect
RE/MAX announced Thursday that it saw a modest increase in revenues during the first quarter of 2021 and that it also added more than 8,000 agents between January and March more than during any quarter in the past decade.
The new numbers, published in the company’s quarterly earnings report, note that RE/MAX brought in $72.3 million between January and March. That represents an increase of 2.9 percent year over year. The company’s net profit was $1.1 million slightly lower than the $1.3 million from last quarter, and down from $2.6 million a year ago.
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DENVER, May 6, 2021 /PRNewswire/ Motto Franchising, LLC announced the sale of its 250th Motto® Mortgage franchise since inception and continued growth of open offices nationwide. Established in late 2016 as the first national mortgage brokerage franchise in the U.S., the Motto Mortgage brand continues to surpass company milestones. Motto Mortgage franchises were sold at a record pace through the first quarter of 2021, setting a new annual high for the trailing twelve-month period ending March 31, with more than 70 franchises sold during the past year. There are currently more than 150 Motto Mortgage offices open in almost 40 states.
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DENVER, May 5, 2021 /PRNewswire/
RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world s leading franchisors of real estate brokerage services, and of Motto Mortgage, the first national mortgage brokerage franchise brand in the U.S., announced today that its Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock.
The dividend is payable on June 2, 2021, to shareholders of record at the close of business on May 19, 2021.
About RE/MAX Holdings, Inc.
RE/MAX Holdings, Inc. (NYSE: RMAX) is one of the world s leading franchisors in the real estate industry, franchising real estate brokerages globally under the RE/MAX
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Most other countries construct homes out of concrete, stone, steel, or brick, but here in the good ol’ USA we use wood. A renewable resource, right? I mention this because lumber prices, which the government doesn’t control (yet) have risen more than 300% year over year, hit another high on the Chicago Board of Trade yesterday, and contributed to median prices of existing homes rising by 17.2% in March. According to NAHB’s latest estimates, rising lumber prices have added $35,872 to the price of an average new single-family home. Everything has a price (“How much for the little girl?”), but we must think about lumber, land, the permitting costs, and so on when talking about affordable housing. Lenders are also concentrated on lowering the cost to produce a loan, and the audio version of today’s commentary is available here and is sponsore