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Re/Max Raises Dues for Agents, and Franchisees

April 7, 2014 By admin

Move bolsters the franchisor’s 2 largest revenue streams

REMAX_Logo-300x90On Jan. 1, Re/Max increased the annual dues its agents in the U.S. and Canada pay to affiliate with the brand and the monthly per-agent fees affiliated brokerages in U.S. company-owned master franchise regions pay the franchisor.
After holding steady at $390 for 2011 through 2013, Re/Max agents in the U.S. and Canada now pay $400 in annual membership dues, according to Re/Max’s first annual financial statement as a public company. Re/Max’s agents in the two countries numbered 73,413 as of Dec. 31, 2013, approximately 79 percent of the franchisor’s global total.

In addition, Re/Max-affiliated brokerages in the U.S. master franchise regions the brand owns — which cover 26 states and Washington, D.C. — now pay approximately $123 per month per agent in their region, $3 more than they did in 2011, 2012 and 2013.

Re/Max continues to make a push to reacquire its independent master franchise regions in the U.S. and Canada, because it generates so much more revenue as the owner.

Re/Max’s average annual per-agent revenue in company-owned North American regions in 2013 was $2,404 compared with an annual per-agent revenue of $828 in independent regions.

Read more….

Other related Articles: Re/Max Revenues Up 11 Percent in 2013

Filed Under: Featured, Franchising in Maine, Maine Franchise Owners Tagged With: Franchise, franchised business, legal, Maine Franchise Owner, Maine Franchise Owners, Real Estate Franchise

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MaineFOAMaine Franchise Owners@MaineFOA·
1 Aug

Senator Cortez Masto Introduces SBA Franchise Loan Transparency Act https://mainefranchiseowners.org/senator-cortez-masto-introduces-sba-franchise-loan-transparency-act/

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MaineFOAMaine Franchise Owners@MaineFOA·
31 Jul

#S2383.

Keith Miller@FranchiseeAdvoc

Thank you ⁦@SenCortezMasto for #S.2383, ⁩and your efforts to provide more transparency in the industry. Masto Introduces Legislation to Protect Prospective Franchise Owners from Predatory Practices | U.S. Senator Catherine Cortez Masto of Nevada https://www.cortezmasto.senate.gov/news/press-releases/cortez-masto-introduces-legislation-to-protect-prospective-franchise-owners-from-predatory-practices

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cfaincThe Coalition Of Franchisee Associations@cfainc·
31 Jul

We thank @sencortezmasto for introducing #S2383, #SmallBusinessAdministrationFranchiseLoanTransparencyAct2019, which would require #transparency in earnings disclosures to protect the best interests of #franchisee owners seeking #SBA guaranteed loans.

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MaineFOAMaine Franchise Owners@MaineFOA·
20 Jul

Keith Miller Testifies at United States Senate Banking Subcommittee Hearing https://mainefranchiseowners.org/keith-miller-testifies-at-united-states-senate-banking-subcommittee-hearing/

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SenCortezMastoSenator Cortez Masto@SenCortezMasto·
17 Jul

Thank you, Keith Miller, for sharing your experience & the challenges you face as a franchise owner. Small business owners form the backbone of our nation’s economy, and we need to do more to protect them from predatory practices

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