NEWS ARCHIVE

24th January 2005 - RE/MAX 2004 GROWTH EXCEEDED ALL PREVIOUS RECORDS

International Contact: Margaret Kelly 303-770-5531

(Greenwood Village, Colo, Jan. 24, 2005) – Year end statistics for 2004 at RE/MAX International show unprecedented growth for the global real estate franchise network. A 15.1 percent net agent increase meant 13,167 new associates joined the network bringing the year end total to 100,492. Franchise sales topped all previous records at 1,032 – a 27 percent increase over 2003 sales. On December 31, 2004, 5,401 RE/MAX offices were operating in 52 countries, with the Czech Republic being announced as the 53 rd country in mid-January 2005.

“We could not be more pleased,” said Margaret Kelly, RE/MAX co-chief executive officer. “It seems each year that our region owners, regional directors, franchise marketing personnel, broker/owners and sales associates will not be able to outdo the previous year, but because they are the finest in the industry – they not only raise the bar every year – they clear it with ease. It is so gratifying to associate with thousands of people around the world who have elected to achieve their career potential in the RE/MAX network.”

The largest number of franchise sales for 2004 occurred in the California region with 54 new sales. Second was Scotland with 53 and New England finished third with 51. The Florida and Austrailia regions each had 35 sales, and Spain sold 33 new franchises.

Regions in United States accounted for 473 of the 1,032 franchise sales, Europe had 409, and the remaining 150 sales came from around the world.

Five new countries joined the RE/MAX network in 2004 as well – Lebanon, Bahrain, United Arab Emirates, Argentina and Croatia.

The largest agent growth occurred in California with 1,012 new associates. Second was Ontario, Canada with 747, followed by 744 in Central Atlantic, 733 in New England and 632 in Florida.

The RE/MAX franchise network is a global real estate system operating in 53 countries. More than 5,400 independently owned offices engage 100,000 member sales associates who lead the industry in professional designations, experience and production while providing real estate services in residential, commercial, referral, relocation, and asset management. For more information visit www.remax.com.