RE/MAX Global Presence Hits Major Milestone
Agent Count Outside North America Now Exceeds 25,000
DENVER, Jan. 14, 2016 /PRNewswire/ -- At the end of 2015, the number of RE/MAX agents outside the United States and Canada reached 25,000, resulting in an annual growth of 15.4%. Across Europe, RE/MAX agent count surpassed 15,000.
Countries with significant RE/MAX agent populations:
Led by countries such as Argentina, Brazil, Dominican Republic, Ecuador and Mexico, Latin America is an area where RE/MAX has been growing rapidly in recent years. RE/MAX also has an increasing presence in Asia and welcomed Malaysia as its latest global addition in December.
"RE/MAX has a unique business model that has been embraced in a great variety of economies and cultures around the world," said Larry Oberly, Vice President, Global Development, RE/MAX, LLC. "Individuals join RE/MAX because of the worldwide brand recognition and the overall performance of our agents. Our current agents benefit from the growth of a large international referral base."
Total sales volume in the U.S. from international buyers increased 13% from 2014 to 2015 and represented 8% of total existing home dollar volume according to the National Association of Realtors® 2015 Profile of Home Buying Activity of International Clients. The number of agents who had worked with a foreign buyer jumped from 28% to 35%.
RE/MAX global expansion began in 1991 with the sale of RE/MAX Cayman Islands and was quickly followed in 1993 with the opening of RE/MAX Mexico. In 1995, the RE/MAX Europe region was established. Today, RE/MAX has a presence in nearly 100 countries, more than any competitor.
"Since many countries have no established standards for agents or multiple listing services, RE/MAX is often seen as a means to revolutionize real estate practices and raise the level of professionalism," Oberly added.
About the RE/MAX Network:
RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE:RMAX).
With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $150 million for Children's Miracle Network Hospitals® and other charities.
For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com.
For information on property listings around the world visit www.global.remax.com.
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SOURCE RE/MAX, LLC