Obviously, this analysis is late. RE/MAX reported its Q4 and full year 2020 results on February 25th, almost two weeks ago. I’m just now getting around to it because… well… a sense of obligation perhaps. Because frankly, after everything I wrote about RE/MAX the last few earnings calls (Q3 here, Q2 here, Q1 here, Q4-2019 … Read more
The mystery that is RE/MAX continues. Except that with Q3 results, it’s fair to conclude that whatever RE/MAX is doing just isn’t working. It pains me to write that, because as I’ve long observed, RE/MAX has some of the best people in the business led by one of the really good guys in the industry, … Read more
Inman News has a couple of articles on the RE/MAX Broker Owner Conference going on right now. The first is on Dave Liniger, the founder of RE/MAX and first ballot Hall of Famer, giving advice on surviving recessions, and the second is on Nick Bailey, Chief Customer Officer, talking about how real estate is in … Read more
Thanks to the research I’ve been doing for the Q2 Report (releasing soon, I swear!), I kind of figured that RE/MAX was going to have a mediocre quarter. And there was a light at the end of the tunnel. I suppose that light still exists but… I’m trying to make sense of the disaster that … Read more
RE/MAX came into 2020 on a big upswing. Q4 was a good quarter; it was a very good quarter, in fact. And as we have already seen from Realogy, Redfin and Zillow, Q1 was a record-breaking type of quarter until COVID hit. So it’s a bit surprising that RE/MAX’s numbers came in so soft. I’m … Read more
In the aftermath of a disappointing Q3, I wrote: One of my biggest takeaways from this earnings call is how much of the positive spin was put on October. For example, Karri Callahan mentions seeing some “positive traction” on agent count in October, contrasting with last October when RE/MAX lost hundreds of agents. Or there’s … Read more
RE/MAX reported Q3 earnings on Halloween, and I can’t help but think there was a lot more trick than treat in its Q3 results. Yes, RE/MAX remains fundamentally healthy and it has some advantages over its main competitors, especially the other publicly reporting franchise company, Realogy, but there were a lot more walking dead in … Read more
After RE/MAX reported last quarter, I wrote a post saying that RE/MAX was poised on the brink of greatness, but was refusing to make the jump. Q2 earnings results do nothing to make me change my mind on that, but now, there are signs that RE/MAX is going to have to make some difficult choices … Read more
I don’t often talk about RE/MAX, because it’s not a brokerage. It’s a franchisor, with a business model that doesn’t tell us a whole lot about what’s going on with fundamentals of brokerage. But it is a public company, which reports numbers, and discusses what management thinks about things. From time to time, I do … Read more