First and Only National Mortgage Brokerage Franchise in U.S.
Among Top Recession-Proof and Best of the Best Franchises1
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 2022 REAL Trends 500 data, citing 2021 transaction sides for the 1,733 largest participating U.S. brokerages. RE/MAX average: 16.5. Competitors: 7.6. 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.
($ 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. Please see pages 48-49 of our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 28, 2023, for a reconciliation with the most directly comparable GAAP measure.
Operating Statistics as of December 31, 2022
Operating Statistics as of and for the year ended December 31, 2022, as applicable.
Primarily Recurring Revenue Streams, High Margins and Strong Free Cash Flow
1Recurring revenue comprises Continuing franchise fees and Annual dues
*Additional special cash dividend of $1.50 per share in 2015 not shown