DENVER, Feb. 22, 2016 /PRNewswire/ -- Global real estate
franchisor RE/MAX, LLC has entered into an agreement to reacquire
the Master Franchise for the state of New
York. Pierre Titley, owner of
RE/MAX of New York since 1987,
agreed to transfer ownership of the region at the end of the month,
but will remain the owner of RE/MAX Quebec.
"Pierre has been with the New
York region for nearly 30 years and established the RE/MAX
brand in a state with very competitive real estate markets,"
said Dave Liniger, CEO, Chairman of the Board and Co-Founder of
RE/MAX, LLC. "Our goal in New
York is to support the development of our Affiliates and to
expand our presence across the state. Our focus is always to
provide the tools they need to deliver the best customer service
possible to homebuyers and sellers."
RE/MAX associates are always among the leaders in their
communities. Currently, the region includes over 850 agents
and nearly 60 independently owned and operated RE/MAX offices from
Brooklyn to Buffalo.
"After so many years, this was a very difficult decision.
I've watched this region grow through some challenging times, but
as the market has improved significantly, it seemed to be the right
time to make a change of direction for me and the entire
New York region," Titley
said.
Terri Bohannon, Region Vice President, is assuming the
leadership role in the RE/MAX New
York region and will focus on creating an even more powerful
presence throughout the state. She is a 30-year industry veteran
who has been with RE/MAX for 23 years. Until recently, Bohannon
managed franchise operations for over 176 offices and 2,600 agents
in the company-owned regions of RE/MAX Central & Northern Ohio and RE/MAX St. Louis.
RE/MAX New York will become the
12th company-owned region in the U.S. to be reacquired since the
Central Atlantic and Southwest regions were purchased in 2013. In
2012, Texas was reacquired.
Mountain States was reacquired in 2011, and in 2007 California-Hawaii, Carolinas and Florida were all reacquired.
RE/MAX has a worldwide network of over 100,000 agents in nearly
100 countries, a global footprint larger than any of its
competitors. With three recent sales of corporate-owned brokerages,
RE/MAX offices are 100% franchised, all independently owned and
operated.
About the RE/MAX Network:
RE/MAX was founded in 1973 by Dave and
Gail Liniger, with an innovative, entrepreneurial culture
affording its agents and franchisees the flexibility to operate
their businesses with great independence. Over 100,000 agents
provide RE/MAX a global reach of nearly 100 countries. Nobody sells
more real estate than RE/MAX when measured by residential
transaction sides.
RE/MAX, LLC, one of the world's leading franchisors of real
estate brokerage services, is a wholly-owned subsidiary of RMCO,
LLC, which is controlled and managed by RE/MAX Holdings, Inc.
(NYSE:RMAX).
With a passion for the communities in which its agents live and
work, RE/MAX is proud to have raised more than $150 million for Children's Miracle Network
Hospitals® and other charities.
For more information about RE/MAX, to search home listings or
find an agent in your community, please visit www.remax.com. For
the latest news about RE/MAX, please visit
www.remax.com/newsroom.
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SOURCE RE/MAX, LLC