RE/MAX Holdings, Inc.

RE/MAX Holdings, Inc. is a leading franchisor in the real estate industry. The company franchises real estate brokerages globally under the RE/MAX® brand and mortgage brokerages in the United States under the Motto® Mortgage brand. Both RE/MAX and Motto are 100% franchised, meaning the company does not own or operate brokerage offices. Instead, it grants franchisees the right to use its brands, technology, and value proposition, while franchisees fund and manage their own operations. This model results in a low fixed-cost structure and revenue primarily from recurring fee-based sources. The company also provides ancillary products and services to its franchise networks, including marketing services, technology platforms, and mortgage loan processing services to its Motto network and other third parties through its wemlo® brand. RE/MAX was founded in 1973. The RE/MAX global franchise network operates in over 120 countries and territories. RE/MAX Holdings, Inc. was formed as a Delaware corporation on June 25, 2013, and completed its initial public offering on October 7, 2013, with its Class A common stock trading on the New York Stock Exchange under the symbol "RMAX". In October 2016, the company launched Motto, which is the first national mortgage brokerage franchise brand in the U.S.