Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 08 2019

RE/MAX reorganizing its franchise structure

The company is breaking down its franchises into four stages of development.

RE/MAX reorganizing its franchise structure

RE/MAX is reorganizing its franchise structure and focusing more on its strategy on training. The company is breaking down its franchises into four stages of development.

Amy Somerville, the Senior Vice President overseeing the development and engagement team, said, "The strategy behind what we’re doing here is really focused on the needs-based approach. The needs of a new franchise owner, who has just purchased a franchise and has been through our 101 training, is very different than a brokerage that has been in the business for 30 years with 10 offices and 800 agents."

The four stages of the brokerages include the base, grow, thrive and summit. While "Base" teams are new franchisees starting from square one, "grow" brokerages already have a foundation in place. "Thrive" brokerages are planning to expand, including possible mergers and acquisitions, while "summit" teams have multiple offices and are looking at large scale M&A.

Josh Bolgren, Senior Vice President overseeing the business growth team, stated, "RE/MAX will also have four regions instead of 10. Each region will have a dedicated growth and development team, the report said. The changes will help RE/MAX lure in new talent."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Others Entertainment & Leisure
    Entertainment Sportz is a full service event management company covering..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Competitive Exam Coaching Institute
    About Us: Searching for a premium franchise opportunity in booming education..
    Locations looking for expansion Karnataka
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Department & Convenience Stores
    About Us: NEEDS, a well-known brand which opened its first Superstore..
    Locations looking for expansion Haryana
    Establishment year 2002
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Faridabad Haryana
  • Travel Agents
    About Us: India Assist works on a centralised mechanism to offer..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size
    Space required 50
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater New Delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities