RE/MAX SA announces solid growth in one of the most difficult years in real estate

Cape Town, October 16, 2009 - RE/MAX announced this week that it had sold over 400 new franchises in its global network of over 70 countries this year, and that RE/MAX of Southern Africa continues to be one of the leading markets with 15 new franchises (RE/MAX offices), which opened this year.

This was particularly impressive given the recessionary economic conditions worldwide, which have had a major negative impact on the real estate industry.

“We are particularly pleased that we have added the major markets of India and Brazil to our network as well as Columbia, Peru, Uruguay and Singapore this year,” says Peter Gilmour, Senior Vice President of Franchise Sales for RE/MAX International.

“The key to our growth in these recessionary times is our ability to provide sales, marketing and operational support, training and technology, a strong brand presence along with attractive commission structures for agents,” says Adrian Goslett, Assistant Regional Director for RE/MAX of Southern Africa.

Many other real estate organizations have had to increase their cost structures and reduce commission splits whereas RE/MAX has been able to provide a consistently high level of services and benefits at no additional cost to their membership.

In these times, customers rely more on the strong brand that is known for its good service and experienced agents.

“There are a limited number of franchise opportunities still available in both metropolitan and country areas and the signs of economic recovery coupled with the fact that RE/MAX has shown growth despite challenging market conditions proves the value investment into the property industry holds,” concludes Adrian Goslett.

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