RE/MAX Agents Outproduce Competition For 10th Straight Year
April 02, 2020 // Franchising.com // DENVER – The 2020 REAL Trends 500 survey revealed that RE/MAX agents at participating brokerages outsold competing agents, on average, by more than 2-to-1* last year. In the report – a widely followed ranking of large U.S. real estate brokerages – RE/MAX agents averaged 15.6 transaction sides, more than doubling the average (7.0) of all other agents from the participating brokerages. RE/MAX agents have held this 2-to-1 advantage in each of the last 10 years, starting in 2010.
“This accomplishment demonstrates the unmatched performance of the professionals in the RE/MAX network,” said RE/MAX CEO Adam Contos. “The events of the past few weeks are unprecedented, and these are challenging times, but the efforts of our network to support their communities, in and outside of real estate, is what we’re celebrating with this accolade. Now, more than ever, homebuyers and sellers need professional, trusted and adaptable real estate agents to help them navigate one of the biggest financial decisions of their lives. We’re all in this together, and I am humbled by the tenacity, talent and grit of the amazing people in our network.”
The REAL Trends 500 ranks participating large brokerages by total residential transaction sides, with 500 needed to qualify for participation. Of the 1,711 participating brokerages that qualified for the survey, 31 percent were affiliated with RE/MAX.
When all brokerages in the survey are ranked by sides per agent, 86 of the top 100 are RE/MAX firms. Their agents averaged 30 home sales each in 2019. In addition to leading the field in per-agent transaction sides, RE/MAX agents also averaged $4.5 million in sales volume, 72 percent higher than the $2.6 million average of all other agents in the survey.
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 130,000 agents in more than 110 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 news.remax.com.
* Source: Transaction sides per agent calculated by RE/MAX based on 2020 REAL Trends 500 data, citing 2019 transaction sides for the 1,711 largest participating U.S. brokerages.
SOURCE RE/MAX Network
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