RE/MAX, LLC has sold its two remaining corporate-owned brokerages, RE/MAX Northwest in Seattle, Wash. and RE/MAX Equity Group in Portland, Ore, the company has announced. Last year, the global real estate franchisor sold RE/MAX 100 with six offices in Maryland and Virginia. As a result of these three brokerage sales, RE/MAX franchise offices are now completely independently owned.
“When RE/MAX went public in 2013, we stated our intention to divest of these three corporate owned brokerages to ensure that our focus would be entirely on the growth of our network as a franchise organization,” said Dave Liniger, CEO, Chairman of the Board and Co-Founder of RE/MAX, LLC. “We’re so pleased that in each of these sales, current RE/MAX broker/owners were the buyers. There couldn’t have been any better outcome than this.”
The owner of RE/MAX On the Lake, Matt van Winkle, now owns the largest number of RE/MAX offices in Washington state with the purchase of RE/MAX Northwest. The largest real estate brokerage in Oregon, RE/MAX Equity Group, and its 12 offices was purchased by Chuck and Chad Ochsner, the father and son owners of one of the largest brokerages in Colorado, RE/MAX Alliance. The Ochsners now own 33 RE/MAX offices with more than 1,400 agents.
Last April, RE/MAX 100 was sold to RE/MAX Realty Group broker/owner Ken Crowley. The two companies together have more than 400 agents and combined sales of nearly $1.4 billion.
“We’re confident that the agents in all these offices, and their clients, are in very good hands with these new owners, who are among the most accomplished individuals in our industry,” Liniger added.
RE/MAX has over 6,800 franchises in nearly 100 counties, a global footprint larger than any competitor. The Denver-based franchisor was recently recognized as the leading real estate brand in the Franchise 500 survey by Entrepreneur magazine; measured by growth, strength and stability, this year marks its fourth consecutive year leading the industry.
RE/MAX has held #1 market share in the U.S. and Canada each year since 1999 as measured by residential transaction sides.
For more information, visit www.remax.com.