DENVER, Sept. 29, 2017 /PRNewswire/ -- RE/MAX, LLC, the #1 name in real estate*, was once again ranked a top 10 franchise in the annual Franchise Times Top 200+® survey. The Denver-based global franchisor of real estate brokerages also was named the leading real estate franchise for the ninth consecutive year.
"Being ranked the top real estate franchise year after year by Franchise Times is a validation that RE/MAX is the worldwide leader in real estate," said Chris Pflueger, Vice President, Business Development, Recruiting and Retention at RE/MAX. "Our unique agent-centric business model attracts some of the best performing Realtors® in the industry and is one of the many reasons why the RE/MAX network continues to experience exceptional and enviable growth."
Highlights of this year's ranking include:
- RE/MAX ranked the #1 real estate franchise
- RE/MAX ranked #8 overall
- Closest competitors were Keller Williams Realty at #17 and Berkshire Hathaway HomeServices at #51
- RE/MAX ranked #2 overall for total sales volume growth
- RE/MAX ranked #8 overall for unit growth
- The top 10 companies grew by $7.8 billion in combined global sales during 2016. The average sales growth of the same 10 companies was 2.8 percent with RE/MAX growing by 11.8 percent.
- The top 10 overall standings include #1 McDonald's, #2 7-11, #3 KFC, #4 Burger King, #5 Subway, #6 Ace Hardware, #7 Pizza Hut, #8 RE/MAX, #9 Domino's and #10 Marriott Hotels & Resorts
The Franchise Times Top 200+ is an annual ranking of the 500 largest franchise systems in the United States by global systemwide sales, based on the previous year's performance. According to the survey, now in its 19th year, the largest 200 U.S.-based franchise systems posted $616.4 billion in worldwide sales in 2016, up 3.4 percent from the previous year. In total, the 200 largest franchise brands are growing much faster than the overall economy with an annual sales increase of 3.4 percent or $20.3 billion. The results are an improvement from last year's 2.2 percent gain and double the current U.S. inflation rate of 1.7 percent.
The Franchise Times Top 200+ is the only ranking by system-wide sales and locations of the largest 500 U.S.-based franchise brands. Published in the October issue, the Franchise Times Top 200+ also analyzes 12 industry sectors based on percentage change in sales growth and reports the 10 fastest-growing franchises by four different measures. The rankings and full report are available at franchisetimes.com.
Entrepreneur magazine named RE/MAX the top real estate franchise in its annual Top Global Franchises list, released in July. RE/MAX ranked 11th overall in the publication's "2017 Top Global Franchises" list of 200 brands, based on data submitted for the Franchise 500®. The magazine also recognized RE/MAX in its "2017 Top Fastest Growing Franchises" rankings. RE/MAX was the only real estate brokerage franchise that qualified, taking the 15th spot overall. It was the fourth consecutive year RE/MAX was included in the annual list of fast-growing brands.
With a presence in over 100 countries and territories, the RE/MAX network's global footprint is unmatched by any other real estate brand. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides, and more than 115,000 agents worldwide are a part of the RE/MAX network.
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 115,000 agents provide RE/MAX a global reach of more than 100 countries and territories. 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 $157 million for Children's Miracle Network Hospitals® and other charities. For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.com. For the latest news about RE/MAX, please visit www.remax.com/newsroom.
*Source: MMR Strategy Group of unaided awareness
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SOURCE RE/MAX, LLC