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RE/MAX Achieves 21% Revenue Growth in Real Estate Brokerage

The global franchise system of real estate agencies RE/MAX held a convention in Berlin. The convention gathered 1,000 participants from 31 European countries along with guests from America and Canada.

The topics included the results achieved and plans for RE/MAX, and the program of the largest European convention to date covered current topics and trends from the real estate world. RE/MAX Europe recorded a 21% increase in revenue from real estate brokerage transactions in 2015, a 9% increase in the number of transactions, and a 2% increase in the number of franchise offices.

– The main theme of this year’s gathering was how to improve cooperation between countries, offices, and agents where RE/MAX operates in Europe. In RE/MAX Canada, over 90% of transactions are conducted in a way that one agent represents the buyer and another agent represents the seller, which leads to much faster sales realization. In Toronto, properties are sold on average in 23 days. Cooperation between agents increases the revenue generated. The goal is to expose the buyer to as many properties as possible so that they do not miss a good opportunity, and this is only possible through cooperation. This is also the direction and plan in which RE/MAX Croatia wants to further develop, stated the regional director for RE/MAX Croatia, Vladimir Žerjavić.

The RE/MAX franchise system opens 250 new franchise offices each year, and the total offer of RE/MAX in Europe contains 250,000 properties. A total of 14,500 sales agents operate in 1,594 franchise offices within the European system.

The RE/MAX system of real estate agencies has been present in the Croatian market as part of the global franchise network since 2008. RE/MAX in Croatia holds a leading position with as many as 10,000 properties in the system, 15 open franchise offices, and over 90 agents. Recently, new offices were opened in Šibenik, Split, and two in Osijek. By expanding the regional network of offices, the ultimate goal is to have around 40 offices throughout Croatia while maintaining a leading position in the market in the long term.