Leading Dual-Brand Franchisor With Many Competitive Advantages

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

Top franchise as part of Entrepreneur’s Franchise 500® list1

#1

people

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

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

Most-Trusted Agents in the U.S. and Canada4,5

Unmatched Global Footprint6

Highest Level of Unaided Brand Awareness Among Competitors in Survey of U.S. and Canadian Home Buyers and Sellers7

1 Motto Mortgage was ranked 494 in the 2025 Entrepreneur magazine Franchise 500® and was named first in Entrepreneur's category for Miscellaneous Financial Services. Both the overall and category ranking are based on an analysis of over 150 data points in the areas of costs and fees, support, size and growth, and brand strength, from franchise disclosure and related documents of 1,366 participating franchise systems across the United States and Canada.
2 As measured by residential transaction sides
3 Source: Transaction sides per agent calculated by RE/MAX based on 2024 REAL Trends 500 data, citing 2023 transaction sides for the 1,327 largest participating U.S. brokerages that closed 500 transaction sides, excluding 64 who did not report or publish active licensees. RE/MAX average: 11.8. Competitors: 5.2.
4 Voted most trusted Real Estate Agency brand by American shoppers based on the BrandSpark® American Trust Study, years 2022-2024 and 2019.
5 Voted most trusted Real Estate Agency brand by Canadian shoppers based on the BrandSpark® Canadian Trust Study, years 2021-2024, 2019 and 2017
6 RE/MAX has a presence in more than 110 countries and territories
7 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.

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Financial Results

Revenue

2024

$307.7

2023

$325.7

2022

$353.4

($ in millions)

Net Income (Loss)1

2024

$8.1

2023

($98.5)

2022

$10.8

($ in millions)

Adjusted EBITDA1,2

2024

$97.7

2023

$96.3

2022

$121.6

($ 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 37 of our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 20, 2025, please see a reconciliation with the most directly comparable GAAP measure.

Operating Statistics as of December 31, 2024

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8,735

Offices

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146,627

Agents

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IN 119

Countries & territories

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100%

Franchised

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Operating Statistics as of and for the year ended December 31, 2024, as applicable.

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225

Offices

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~$2.7B

In loan volume

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~8,500

Homeowner dreams realized

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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
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1Recurring revenue comprises Continuing franchise fees and Annual dues