RE/MAX Buys Master Franchise for Texas RE/MAX of Texas Becomes Company Owned Region

DENVER, Jan. 3, 2013 /PRNewswire/ -- As of December 31, 2012, RE/MAX of Texas, with its 4,300 agents and 260 offices, becomes the 11th Company Operated Region owned by RE/MAX, LLC of Denver.  Richard and Jeanne Filip, owners of RE/MAX of Texas since 1996, agreed to transfer ownership of the Master Franchise for the state of Texas, but remain the owners of several individual RE/MAX brokerages.

"For more than 30 years Richard and Jeanne have been dedicated to RE/MAX, and after they became region owners, they built an impressive network of offices and agents across the State of Texas," said Dave Liniger, RE/MAX Co-Founder and Chairman.  "It's difficult to describe the many contributions they've made, but more importantly, they've been loyal friends to so many over the years."

RE/MAX first came to Texas in 1977 and is now the real estate leader in statewide market share, leading in List Side Units Sold in communities large and small from Houston to Hickory Creek.  RE/MAX of Texas earned the honor of Region of the Year in 2006 and 2007, and for the last 5 years has been named the Children's Miracle Network Hospitals Region of the Year.

"Jeanne and I have counted each RE/MAX of Texas Affiliate as a member of our family as we have operated this region from our Houston office," said Richard Filip.  "This is a business decision that was very hard for us to make, but one I truly believe is best for the entire RE/MAX of Texas region." 

The current RE/MAX of Texas staff will remain on the job in their Houston office for the foreseeable future, continuing to support all RE/MAX offices and agents in Texas.

The RE/MAX organization enjoys the most productive sales force among all the national real estate brands and offers its affiliates a comprehensive collection of tools and resources including the award-winning, on-demand RE/MAX University. 

"From the beginning, those affiliated with RE/MAX of Texas have benefited from incredible support for their business, like leading marketing and advertising campaigns, innovative technologies and state of the art training.  None of that will change," added Filip.

The last time RE/MAX, LLC added to its inventory of Company Owned Regions was in 2007, when it purchased the Master Franchise for three regions; RE/MAX California and Hawaii, RE/MAX Florida and REMAX Carolinas.

RE/MAX was named the number one real estate franchise in the 34th annual Franchise 500 survey appearing in the January 2013 edition of Entrepreneur magazine.  This is the tenth time in the  last 14 years that RE/MAX has earned top honors. In October, Franchise Times magazine also named RE/MAX the number one real estate franchise in its annual Top 200 ranking based on worldwide sales.

Additionally, RE/MAX offers its Affiliates a worldwide referral network of 90,000 agents in more than 85 countries around the world.   This is the largest international presence of any real estate organization.  In 2012, RE/MAX expanded into five additional countries including mainland China.

For more information please visit www.remax.com  www.remaxtexas.com or www.joinremax.com

About the RE/MAX Network

RE/MAX was founded in 1973 and in 2013 celebrates 40 years of making real estate history.  The visionary Co-Founders Dave and Gail Liniger, still lead the Denver-based global franchisor today.

RE/MAX is recognized as one of the leading real estate franchise companies with the most productive sales force in the industry and a global reach of more than 85 countries. Nobody in the world sells more real estate than RE/MAX. 

With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $120 million for Children's Miracle Network Hospitals, Susan G. Komen for the Cure® and other charities.

SOURCE RE/MAX



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