General World News

RE/MAX banks on organic growth in 2022

Despite a 1.6% drop in U.S.-based agent count and a net loss of $15.6 million in 2021, RE/MAX Holding Inc., executives were positive about the Denver-based franchisor’s performance during the firm’s fourth quarter earnings call with investors on Thursday, thanks to RE/MAX’s organic revenue growth.

During 2021, RE/MAX generated $329.7 million in total revenue, up 23.9% from 2020. Revenue, excluding marketing funds, was up 22.7% to $247.3 million for all of 2021, with 11.8% of that revenue coming from organic growth, which RE/MAX defines as revenue growth coming from continuing operations. Organic growth comprised 5% of the details ⇒

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