RE/MAX, LLC has signed an agreement to purchase the Master Franchise for the state of New Jersey from RE/MAX of New Jersey, Inc. The announcement comes less than six months after RE/MAX, LLC purchased the Master Franchise rights for Alaska and eight months after the company reacquired RE/MAX New York.
Joe Ventresca and Jeff Snyder established RE/MAX of New Jersey in 1985, and have built the region into a powerhouse with over 160 offices and nearly 3,000 Associates.
“I’m grateful for Joe and Jeff’s contributions in building the brand and making RE/MAX the preeminent real estate franchise in New Jersey,” says Dave Liniger, CEO, Chairman of the Board and Co-Founder of RE/MAX, LLC. “We’re excited to continue growing these offices with our broker/owners by recruiting the most experienced agents in the business, making RE/MAX the No. 1 choice for buyers and sellers in the state.”
RE/MAX of New Jersey agents represent approximately 6 percent of REALTORS® in the state, and they were No. 1 statewide in transaction sides in 2015.
The acquisition of the region is expected to close before the end of the year. Following the purchase, 14 RE/MAX regions in the U.S. will be company-owned.
Elena Dean, who leads Regional Development for Pennsylvania and Delaware, will become Region Vice President of New Jersey as well. She has worked in RE/MAX Regional Development since 2006.
RE/MAX has a worldwide network of over 110,000 agents in over 100 countries and territories, a global footprint larger than any of its competitors.
For more information, visit www.remax.com.