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REMAX misses the mark as revenue falls 6%
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Real Estate News
Revenue declined nearly 6% year-over-year to $68.5 million, falling short of analyst expectations of $72.8 million for the second quarter.
Global agent count ticked up, however, increasing 1.5% to 149,267, but combined U.S. and Canada agent count dipped 2.2% to 72,968.
REMAX's North American agent count has dropped by nearly 10,000 over a three-year period.
Agent count: The company had 149,267 agents globally at the end of June, an increase of 1.5% year-over-year.
The combined agent count for the U.S. and Canada fell 2.2% to 72,968.