RE/MAX sees 9% jump in membership in 2002

Real Estate Weekly, Oct 16, 2002

Global franchisor RE/MAX International reports nearly a 9% increase in membership during the first eight months of 2002, already exceeding the total growth of 2001. Through August, 6,180 new members joined the RE/MAX network compared with 5,697 for all of 2001.

Franchise sales are also ahead of pace at 351 through August. Since 1998, RE/MAX has averaged 555 franchise sales per year with 1999 and 2000 the two leading years at 564 and 592 respectively. RE/MAX has also grown from being in 38 countries at end of year 2001 to a total of 41 today. In New York State the RE/MAX System has signed up over 250 new agents since January and has added five new franchise offices. RE! MAX of New York's total agent population will soon reach 1,300 in the state.

"Obviously, we are pleased with the continuing growth of RE/MAX," said Daryl Jesperson, chief executive officer of RE/MAX International. "One of the bright spots of the economy has been the housing market and more and more new RE/MAX offices and associates are seeing the advantages RE/MAX provides for them and their clients. RE/MAX has recorded growth every month since its inception in 1973 and we attribute that to the outstanding regional owners, regional directors, broker/owners and managers throughout the world who guide these high quality agents in their personal and career goals."

"RE/MAX of New York, Inc. has also experienced strong growth over the past several years. We continue to attract top producing agents and experienced professionals who do more business than any other real estate sales network in New York "State. In addition to our agent and franchise office growth we are also breaking sales volume and transaction records. We expect to maintain our leadership position here in New York and to significantly increase our market penetration," said Henry Weber, president of RE/MAX of New York, Inc.