RE/MAX top real estate firm on magazine entrepreneur list

Real Estate Weekly, Jan 2, 2002

For the third consecutive year, global real estate franchisor, RE/MAX International ranks highest among real estate franchise organizations - at number 19 in the Entrepreneur 22nd Annual Franchise 500 [R]. The survey is now available on the Internet at www.Entrepreneur.com and within the pages of the January 2001 edition of Entrepreneur magazine.

In the "Fastest Growing" rankings, RE/MAX came in at number 13. Among the "Top 200 Global Franchises," RE/MAX is number 20 and was the only real estate organization named "Best of the Best" in service industries.

The initial Entrepreneur's Franchise 500 [R] in 1980 was the first ranking of franchises in the industry and is still the best and most comprehensive rating of franchises in the world. Over the years, Entrepreneur has polished and perfected the ranking procedure, developing a formula that accurately identifies today's top franchise opportunities for Entrepreneur readers.

The preface to the list states in part, "In our ranking we consider numerous factors, some of which are weighed more heavily than others. The most important factors include financial strength and stability, growth rate, and size of the system. We also consider the number of years in business, the length of time franchising, start-up costs, litigation, percentage of terminations and whether the company provides financing. An independent CPA firm audited financial data and every company with verifiable data receive a cumulative score. The franchises with the highest "cumes" become the Franchise 500 [R]. These factors are objective, quantifiable measures of a franchise operation. We do not measure subjective elements such as franchisee satisfaction or management style, because these are judgments only you can make based on your own needs and experiences. All companies, regardless of size, are judged by the same criteria."

The 22nd Annual Franchise 500 marks the ninth time RE/MAX has been recognized by the publication as a leading franchise network.