RE/MAX Franchise Sales Accelerate In Q2 with Conversions, Team Brokerages; Networkwide Sales Reached 231 Between April And June, An Increase Of 12% From Q1
Portfolio Pulse from Happy Mohamed
RE/MAX announced its Q2 2023 franchise sales totals, with networkwide sales reaching 231, a 12% increase from Q1. The company also logged more than 200 new sales and renewed over 230 franchises. The sales activity reflects the market's needs, with many larger brokerages considering RE/MAX to scale and grow their businesses. The company has seen an uptick in conversions and team brokerages over the past few months.
August 15, 2023 | 12:57 pm
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RE/MAX's Q2 2023 franchise sales increased by 12% from Q1, indicating a positive growth trend. The company's strategy to attract larger brokerages for scaling and growth seems to be working, as evidenced by the uptick in conversions and team brokerages.
The increase in franchise sales and renewals indicates a positive growth trend for RE/MAX. The company's strategy to attract larger brokerages for scaling and growth seems to be working, as evidenced by the uptick in conversions and team brokerages. This could potentially lead to increased revenues and profitability, positively impacting the company's stock price in the short term.
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