DENVER, Feb. 22, 2016 /PRNewswire/ -- Global real estate franchisor RE/MAX, LLC has entered into an agreement to reacquire the Master Franchise for the state of New York. Pierre Titley, owner of RE/MAX of New York since 1987, agreed to transfer ownership of the region at the end of the month, but will remain the owner of RE/MAX Quebec.
"Pierre has been with the New York region for nearly 30 years and established the RE/MAX brand in a state with very competitive real estate markets," said Dave Liniger, CEO, Chairman of the Board and Co-Founder of RE/MAX, LLC. "Our goal in New York is to support the development of our Affiliates and to expand our presence across the state. Our focus is always to provide the tools they need to deliver the best customer service possible to homebuyers and sellers."
RE/MAX associates are always among the leaders in their communities. Currently, the region includes over 850 agents and nearly 60 independently owned and operated RE/MAX offices from Brooklyn to Buffalo.
"After so many years, this was a very difficult decision. I've watched this region grow through some challenging times, but as the market has improved significantly, it seemed to be the right time to make a change of direction for me and the entire New York region," Titley said.
Terri Bohannon, Region Vice President, is assuming the leadership role in the RE/MAX New York region and will focus on creating an even more powerful presence throughout the state. She is a 30-year industry veteran who has been with RE/MAX for 23 years. Until recently, Bohannon managed franchise operations for over 176 offices and 2,600 agents in the company-owned regions of RE/MAX Central & Northern Ohio and RE/MAX St. Louis.
RE/MAX New York will become the 12th company-owned region in the U.S. to be reacquired since the Central Atlantic and Southwest regions were purchased in 2013. In 2012, Texas was reacquired. Mountain States was reacquired in 2011, and in 2007 California-Hawaii, Carolinas and Florida were all reacquired.
RE/MAX has a worldwide network of over 100,000 agents in nearly 100 countries, a global footprint larger than any of its competitors. With three recent sales of corporate-owned brokerages, RE/MAX offices are 100% franchised, all independently owned and operated.
About the RE/MAX Network:
RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 100,000 agents provide RE/MAX a global reach of nearly 100 countries. Nobody sells more real estate than RE/MAX when measured by residential transaction sides.
RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE: RMAX).
With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $150 million for Children's Miracle Network Hospitals® and other charities.
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SOURCE RE/MAX, LLC