DENVER, July 11, 2024 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended June 30, 2024, after market close on Thursday, August 8, 2024, and will host a conference call and webcast for interested parties on Friday, August 9, 2024, at 8:30 a.m. Eastern Time. Please ...

Core Insights - BOSSCAT Home Services and Technologies is revolutionizing homeownership by digitizing home inspection data for instant estimates and online ordering of repair, renovation, and maintenance services [1] - The company has been recognized as one of the fastest growing privately held repair and renovation companies in the U.S. for two consecutive years [1] Group 1: Company Overview - BOSSCAT operates in Charleston, South Carolina; Irvine, California; and Honolulu, Hawaii [1] - The platform has over 100,000 users and partnerships with leading inspection companies, brokerages, mortgage lenders, and government-sponsored enterprises [6] Group 2: Collaboration with RE/MAX - BOSSCAT announced a collaboration with RE/MAX to provide online instant estimates and marketplace ordering technology to 75,000 agents across the U.S. and Canada [2] - The collaboration aims to offer RE/MAX agents more choices for accurate and timely repair pricing and pre-list renovation services [3][7] Group 3: Technology and Services - Customers can upload inspection reports to generate detailed repair pricing, which can be shared for transaction negotiations or approved for turnkey repair services [4] - The proprietary HOMEBASE platform stores condition and repair data, creating a personalized lifecycle dashboard for preventative repairs and maintenance schedules [4] Group 4: Market Impact - BOSSCAT's Instant Estimate pricing technology has transformed how home buyers and sellers access condition data for repairs, enhancing return on investment and negotiation terms [6]

DENVER, June 13, 2024 /PRNewswire/ -- In May, both inventory and new listings grew to levels not seen since the second half of 2022. The number of homes for sale, as surveyed across 53 metro areas, also increased, rising 8.7% over April and 39.6% year over year. And for the third consecutive month, the number of new listings exceeded 2023 levels by double-digit percentages – 15.1% in May, 18.2% in April, and 17.6% in March. The Median Sale Price increased 2.4% over April to $435,000. That was 4.8% higher th ...

Core Insights - RE/MAX has nearly 2,500 agents and team leaders recognized in the 2024 RealTrends Verified Top Agents and Teams rankings for exceptional production in 2023, representing almost one in eight of the 22,000 participating U.S. agents and team leaders [1][2] - The company emphasizes high standards and values among its agents, contributing to their success and commitment to providing unparalleled service [3][4] - RE/MAX teams outperformed other teams in the rankings, averaging 18.1 sides per agent compared to 11.3 for all other teams, with the highest sides-per-agent average in three of the four team categories [3][4] RE/MAX Performance - 138 RE/MAX professionals were also included in the elite "The Thousand" rankings, with 118 qualifying by transaction sides, highlighting the top-producer culture within the network [2][7] - Among the top 507 individuals and teams closing the most residential transaction sides, nearly 25% were affiliated with RE/MAX [7] Industry Position - RE/MAX is recognized as the leading global real estate franchisor with over 140,000 agents in nearly 9,000 offices across more than 110 countries and territories [5][6] - The company offers industry-leading educational programs and advanced technology platforms to equip agents for success in a changing market [4][5]

Sales Increase for Third Consecutive Month, New Listings Far Ahead of Last Year DENVER, May 16, 2024 /PRNewswire/ -- April, the gateway to what are traditionally the busiest months for home sales, has set the stage nicely with closings increasing 11.2% over March and 9.0% over last April. Sales have increased month over month since February. At the same time, new listings climbed 6.3% month over month and 18.2% over last year across the 50 metro areas surveyed. That, in turn, boosted the number of homes for ...

The annual RE/MAX Commercial event zeroes in on helping build Commercial Brokers' business, June 10-12 in Tampa DENVER, May 8, 2024 /PRNewswire/ -- RE/MAX, LLC, the #1 name in real estate1, announces the highly anticipated 2024 RE/MAX® Global Commercial Symposium, slated from June 10-12 at the Tampa Bay Marriott Water Street in Florida. With a lineup of dynamic speakers, the event offers a unique opportunity for RE/MAX Commercial Brokers to strengthen their skills and for all affiliates to explore the realm ...

RE/MAX Holdings, Inc. (RMAX) Q1 2024 Earnings Conference Call May 3, 2024 8:30 AM ET Company Participants Andy Schulz - Senior Vice President-Investor Relations Erik Carlson - Chief Executive Officer Karri Callahan - Chief Financial Officer Amy Lessinger - President, RE/MAX, LLC Conference Call Participants Soham Bhonsle - BTIG Ryan McKeveny - Zelman & Associates Ronald Kamdem - Morgan Stanley Tommy McJoynt - KBW John Campbell - Stephens Operator Good morning and welcome to the RE/MAX Holdings First Quarter ...

Financial Performance - Total revenue for the first quarter of 2024 was $78.3 million, a decrease of 8.3% from $85.4 million in the same period in 2023[123] - Revenue excluding Marketing Funds decreased 9.3% to $58.1 million, driven by negative organic revenue growth of 9.3%[123] - Net loss attributable to RE/MAX Holdings, Inc. was $3.4 million, compared to a loss of $0.7 million in the prior year[123] - Adjusted EBITDA was $19.0 million with an Adjusted EBITDA margin of 24.3%, compared to $19.9 million and 23.3% in the prior year[128] - Revenue from Continuing Franchise Fees decreased due to a reduction in U.S. agent count, partially offset by higher Mortgage segment revenue[135] - Revenue from Broker Fees decreased primarily due to a reduction in U.S. agent count, partially offset by an increase in average home sales price[136] - Total operating expenses for the three months ended March 31, 2024, were $73.763 million, a decrease of 6.0% from $78.490 million in the prior year[140] - Adjusted EBITDA was $19.0 million for the three months ended March 31, 2024, a decrease of $0.9 million from the comparable prior year period[147] - Interest expense increased to $9.256 million for the three months ended March 31, 2024, compared to $8.245 million in the prior year, reflecting a 12.3% increase[143] - Total other expenses, net increased to $8.627 million for the three months ended March 31, 2024, compared to $7.198 million in the prior year, a 19.9% increase[143] Agent and Franchise Metrics - Total agent count decreased 0.2% to 143,287 agents, with a 4.3% decline in U.S. and Canada combined agent count to 78,955 agents[128] - RE/MAX franchise sales in the U.S. decreased by 55.4% to 25, while total franchise sales dropped by 29.6% to 145[130] - Franchise sales and other revenue decreased by approximately $3.3 million due to lower attendance at the annual RE/MAX agent convention[138] Cash and Debt Management - The company agreed to a settlement amount of $55.0 million related to industry litigation, with $27.5 million already paid[127] - The company is focused on rebuilding cash reserves following the settlement and current market challenges[127] - Cash provided by operating activities increased to $9.4 million for the three months ended March 31, 2024, compared to $3.1 million for the same period in 2023[170] - The company had $447.4 million in term loans outstanding as of March 31, 2024, with no revolving loans drawn under the Senior Secured Credit Facility[169] - The interest rate on the term loan facility was 7.9% as of March 31, 2024, with a potential additional annual interest expense of $1.1 million for each hypothetical 0.25% increase[190] - As of March 31, 2024, RE/MAX, LLC's Total Leverage Ratio (TLR) was 8.51:1, exceeding the 4.50:1 threshold, which restricts access to borrowings under the revolving line of credit[165] Operational Changes and Future Plans - A modified pilot program to attract and grow teams of real estate agents was extended to the majority of the U.S. as of April 1, 2024[125] - The company plans to pursue acquisitions of Independent Regions in the U.S. and Canada as part of its growth strategy, funded by existing cash and cash flow from operations[176] - Total capital expenditures for 2024 are expected to be between $7.0 million and $9.0 million, primarily for building refresh and technology investments[177] - The company suspended its quarterly dividend in the fourth quarter of 2023 to preserve capital amid ongoing litigation and challenging market conditions[178] - During the three months ended March 31, 2024, the company did not repurchase any shares of Class A common stock, with $62.5 million remaining available under the share repurchase authorization[179] Compliance and Internal Controls - The company maintains effective disclosure controls and procedures as of March 31, 2024, ensuring timely reporting in compliance with SEC rules[195] - No changes in internal control over financial reporting were identified during the quarter ended March 31, 2024, that materially affected internal controls[196] Miscellaneous - Total open Motto Mortgage offices increased by 4.7% to 243 offices[128] - Cash and cash equivalents were $82.1 million as of March 31, 2024, with approximately $33.0 million in foreign currencies[170] - The consolidated EBITDA for RE/MAX, LLC was $42.8 million on a trailing twelve-month basis as of March 31, 2024[162] - Total selling, operating and administrative expenses decreased to $45.705 million for the three months ended March 31, 2024, from $49.115 million in the prior year, a decrease of 6.9%[141]

Exhibit 99.1 RE/MAX HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS Total Revenue of $78.3 Million, Adjusted EBITDA of $19.0 Million DENVER, May 2, 2024 First Quarter 2024 Highlights (Compared to first quarter 2023 unless otherwise noted) Operating Statistics as of April 30, 2024 (Compared to April 30, 2023, unless otherwise noted) RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX), parent company of RE/MAX one of the world's leading franchisors of real estate brokerage services, and ...

The luxury real estate event will take place June 18-19 at The Ritz-Carlton, Lake Tahoe DENVER, April 30, 2024 /PRNewswire/ -- RE/MAX®, the No. 1 name in real estate*, is gearing up to host its renowned networking and business development experience for luxury real estate agents – The RE/MAX Collection Luxury Forum, set for June 18-19 at The Ritz-Carlton in Lake Tahoe, California. The RE/MAX Collection is a luxury home marketing program exclusive to RE/MAX associates and their affluent homebuyers and selle ...