RE/MAX, LLC has been ranked No. 5 among the 500 franchise companies in this year’s Entrepreneur Franchise 500® survey, the company recently announced. More than 1,000 franchisors applied for the 39th annual ranking.
The franchises in the top spots reveal the newest trends, as well as the industries that keep going strong decade after decade, according to Entrepreneur. RE/MAX rose five spots to finish fifth, the highest ranking it has ever achieved in the survey. Only McDonald’s, 7-11 Inc., Dunkin’ Donuts and The UPS Store ranked higher. The 2018 Franchise 500 marks the 15th time in 19 years that RE/MAX is the top real estate franchisor.
“Nobody in the world sells more real estate than RE/MAX as measured by residential transaction sides,” says Adam Contos, co-CEO of RE/MAX. “Broker/owners and agents want to be affiliated with the No. 1 name in real estate because of our brand awareness, continued education, on-demand training, competitive advantages and technology. Entrepreneur continues to rank us higher than our competitors, and that’s because of the unmatched quality of the real estate professionals in the RE/MAX network.”
Highlights of the 2018 Franchise 500 survey include:
- RE/MAX ranked No. 5 overall, up from No. 10 in 2017, No. 21 in 2016 and No. 75 in 2015.
- RE/MAX ranked No. 1 among real estate franchises.
- Other real estate competitors were Keller Williams Realty at No. 22, HomeVestors of America at No. 37, Weichert Real Estate Affiliates at No. 139, Realty ONE Group at No. 230, Realty Executives at No. 424 and United Real Estate at No. 471.
- The top 10 overall standings are No. 1 McDonald’s, No. 2 7-11, No. 3 Dunkin’ Donuts, No. 4 The UPS Store, No. 5 RE/MAX, No. 6 Sonic, No. 7 Great Clips, No. 8 Taco Bell, No. 9 Hardee’s and No. 10 Sport Clips.
The Franchise 500 is considered the oldest and most comprehensive franchise ranking in the world. Companies are judged by the same criteria, including costs and fees, size and growth, support, brand strength and financial strength and stability. To be eligible, franchisors must be seeking new franchises in the U.S. or Canada and have a minimum of 10 units open and operating as of July 31, 2017, with at least one franchise located in North America.
From a single office that opened in 1973 in Denver, Colo., RE/MAX has grown into a global real estate network with more than 115,000 sales associates in more than 100 countries and territories. RE/MAX was ranked the leading real estate franchise for the ninth consecutive year in the 2017 Franchise Times Top 200+® survey and was named the top real estate franchise in Entrepreneur’s 2017 Top Global Franchises list.
For more information, please visit www.remax.com.
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