Global franchisor RE/MAX, LLC once again holds the top ranked position among real estate brands in the 35th Annual Entrepreneur 2014 Franchise 500. Appearing in the January edition of Entrepreneur magazine, this year’s ranking is the 11th time in 15 years that the Franchise 500 names RE/MAX as the top franchisor in the real estate category.
“It’s truly an honor for RE/MAX to be recognized as the highest ranking real estate organization in this year’s Franchise 500 survey,” said Margaret Kelly, RE/MAX CEO. “We provide our franchise owners with a comprehensive collection of resources to support their business goals. In addition to strong brand recognition, RE/MAX franchisees benefit from awardwinning training programs and cuttingedge technology tools.”
Entrepreneur’s annual survey evaluates companies by quantifiable measures including financial strength and stability, growth rate, size of system, startup costs and financing options. Each company receives a cumulative score and the 500 franchises with the highest scores become the Franchise 500. To be eligible, companies must have at least one unit in the U.S. and provide a franchise disclosure document.
During the first three quarters of 2013, RE/MAX added 454 franchises to its worldwide network, with 166 new franchises in the United States. The most growth in America was seen in California and Florida, with 23 and 21 new franchises respectively. During the same time period, RE/MAX sold 147 new franchises in Europe including 41 in Turkey and 13 in Italy. Elsewhere, 30 new franchises were sold in India and 23 in Brazil.
Master franchise rights for 13 countries were also sold in the first three quarters of the year including the sale of Japan, the world’s third-largest economy.
RE/MAX franchisees have access to extensive training from RE/MAX University, as well as many technology tools and resources, such as RE/MAX Mobile Suite, RE/MAX LeadStreet, and the online customizable marketing toolkit Design Center.
RE/MAX celebrated its 40th anniversary in 2013 and was recognized as an industry leader in numerous other national and international surveys. In October, RE/MAX was the leading real estate organization in the Franchise Times Top 200 for the fifth consecutive year. The annual survey is based on worldwide sales.
Also in October, RE/MAX was the only real estate company to be included in the Top 50 Franchises for Minorities compiled by the National Minority Franchising Initiative. It was the sixth straight year that RE/MAX made the list.