Leading Dual-Brand Franchisor With Many Competitive Advantages

First and Only National Mortgage Brokerage Franchise in U.S.

Among Top Fastest-Growing Franchises Worldwide1

#1

logo remax
people

Nobody in the World Sells More Real Estate than RE/MAX2

RE/MAX Agents Outsell Other Agents 2 to 1 at Large Brokerages3

Unmatched Global Footprint4

Highest Level of Unaided Brand Awareness Among Competitors in Survey of U.S. and Canadian Home Buyers and Sellers5

1 For more information on Motto awards please see www.mottomortgage.com/awards-disclaimers
2 As measured by residential transaction sides
3 Source: Transaction sides per agent calculated by RE/MAX based on 2023 REAL Trends 500 data, citing 2022 transaction sides for the 1,561 largest participating U.S. brokerages. RE/MAX average: 13.6. Competitors: 6.2.
4 RE/MAX has a presence in more than 110 countries and territories
5 Source: MMR Strategy Group study of unaided awareness

We are one of the world’s leading franchisors in the real estate industry. We franchise real estate brokerages globally under the RE/MAX® brand and mortgage brokerages in the U.S. under the Motto® Mortgage brand. We also sell ancillary products and services to our franchise networks, including loan processing services to our Motto network through our wemlo brand.

logo remax

Financial Results

Revenue

2023

$325.7

2022

$353.4

2021

$329.7

($ in millions)

Net Income (Loss)1

2023

($98.5)

2022

$10.8

2021

($24.6)

($ in millions)

Adjusted EBITDA1,2

2023

$96.3

2022

$121.6

2021

$119.6

($ in millions)

1 Excludes Adjustments attributable to the non-controlling interest.
2 We define Adjusted EBITDA as EBITDA (consolidated net income (loss) before depreciation and amortization, interest expense, interest income and the provision for income taxes, each of which is presented in our audited financial statements included elsewhere in this Annual Report on Form 10-K), adjusted for the impact of the following items that are either non-cash or that we do not consider representative of our ongoing operating performance: gain or loss on sale or disposition of assets, settlement and impairment charges, equity-based compensation expense, acquisition-related expense, gains or losses from changes in the tax receivable agreement liability, expense or income related to changes in the fair value measurement of contingent consideration, restructuring charges and other non-recurring items. Starting on page 50 of our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 22, 2024, please see a reconciliation with the most directly comparable GAAP measure.

logo remax

Operating Statistics as of December 31, 2023

icon remax

9,022

Offices

icon remax

144,835

Agents

icon remax

IN 121

Countries & territories

icon remax

100%

Franchised

logo mortgage

Operating Statistics as of and for the year ended December 31, 2023, as applicable.

icon remax

246

Offices

icon remax

~$2.3B

In loan volume

icon remax

~8,000

Homeowner dreams realized

icon remax

100%

Franchised

Financial Strength, Flexibility and Performance

Primarily Recurring Revenue Streams, High Margins and Strong Free Cash Flow

Attractive Financial Characteristics

  • RE/MAX and Motto Mortgage brands are 100% franchised
  • Primarily recurring revenue streams1
  • Strong cash flow generation
  • High margins
  • Low fixed cost structure
remax balloon
mortgage logo

1Recurring revenue comprises Continuing franchise fees and Annual dues