Photo: Avi Werde / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. A brand-new real estate giant just showed its first report card. The grade depends on which column you read. Real REMAX Group reported third-quarter revenue of $727.9 million on Thursday, up 28% from a year earlier, according to the company’s earnings release. That includes REMAX only from Aug. 25, the day after Real closed its acquisition. On a pro forma basis, as if…
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Real REMAX Lost $67 Million in Its First Report Card. The Number to Watch Is 72,118.
Real REMAX reports higher third-quarter revenue and acquisition-related costs, while its North American franchise agent count and integration outlook draw attention.
