RE/MAX Named a Top 10 Global Franchise
Franchisor Rises to #7 in Annual Ranking of Worldwide Franchise Brands
July 27, 2018 // Franchising.com // DENVER - RE/MAX, the #1 name in real estate*, has been named a top 10 global franchise for the first time by Entrepreneur magazine. Placing seventh in the publication’s “2018 Top Global Franchises” list, RE/MAX was also once again the leading real estate franchise in the annual ranking of 200 global brands.
“RE/MAX continues to consistently achieve high rankings in yearly industry surveys and annual franchise rankings,” said Mike Reagan, RE/MAX Senior Vice President, Business Alliances. “Nobody in the world sells more real estate than RE/MAX when measured by residential transaction sides and our global footprint is unmatched by any other real estate brand. Our top 10 ranking in this year’s global franchises list is a remarkable achievement for RE/MAX.”
Highlights of the “2018 Top Global Franchises” list include:
- RE/MAX is the #1 real estate franchise
- RE/MAX ranked #7 overall among all brands, up from #11 in 2017
- The top 10 overall standings include #1 McDonald’s, #2 7-Eleven, #3 KFC, #4 Pizza Hut, #5 Subway, #6 Kumon Math & Reading Centers, #7 RE/MAX, #8 Dairy Queen, #9 Dunkin’ Donuts and #10 Baskin-Robbins.
- Other top 25 brands include #13 H&R Block, #15 Ace Hardware, #17 Hilton Hotels and Resorts, #21 Arby’s and #25 Denny’s.
The “Top Global Franchises” list is a variation of Entrepreneur’s annual Franchise 500® survey, the oldest and most comprehensive franchise ranking in the world (RE/MAX ranked fifth overall in the latest edition of the annual ranking). For the Global rankings, the Franchise 500 formula is adjusted to give extra weight to international size and growth. Other areas evaluated by the formula include costs and fees, franchisee support, brand strength and financial strength and stability.
Earlier this year, Entrepreneur once again named RE/MAX the world’s fastest growing real estate franchise, according to the magazine’s 2018 “Top Fastest Growing Franchises” list. The ranking of 150 franchises placed RE/MAX in the 12th spot overall and marked the fifth consecutive year the franchisor has been included in the annual list. RE/MAX ranked #15 in 2017, #17 in 2016, #45 in 2015 and #16 in 2014.
National surveys continue to demonstrate the high productivity of the RE/MAX network. Earlier this month, RE/MAX placed more agents than any other brand in the 2018 REAL Trends “America’s Best Real Estate Professionals” rankings. Nearly one in four agents in the survey is a RE/MAX agent.
RE/MAX also had more agents ranked than any other brand in the recent 13th Annual REAL Trends “The Thousand,” released late last month. RE/MAX agents have claimed the most rankings in the respected survey three out of the last four years. And, for the eighth consecutive year, RE/MAX agents outperformed agents with other real estate brands in the 2018 REAL Trends 500 survey – averaging more than twice as many closed sales than agents at other participating large brokerages.
RE/MAX is in more countries and territories than any other real estate brand. From a single office that opened in 1973 in Denver, Colo., RE/MAX has grown into a global real estate network with more than 120,000 sales associates in more than 100 countries and territories.
About the RE/MAX Network
As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with over 120,000 agents in more than 100 countries and territories. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. Dedicated to innovation and change in the real estate industry, RE/MAX launched Motto Mortgage, a ground-breaking mortgage franchisor, in 2016 and acquired booj, a real estate technology company, in 2018. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children’s Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit www.remax.com/newsroom.
*Source: MMR Strategy Group study of unaided awareness