Type
Business expansion
Country
Romania
Region
Location of affected unit(s)
various locations
Sector
Real Estate
Real Estate Activities
Real Estate Activities
68.31 - Real estate agencies

210 jobs
Number of planned job creations
Job creation
Announcement Date
21 January 2020
Employment effect (start)
21 January 2020
Foreseen end date
31 December 2020

Description

American international real estate company RE/MAX (Real Estate Maximums) that operates through a franchise system announced a business expansion and plans to increase the number of offices, including over 60 units by the end of the year, as well as the number of agents, to 660 members.

In Romania, RE/MAX is the largest network of franchised real estate offices, with the largest number of real estate agents, with currently 50 franchises and more than 450 members. The nationwide expansion plan of RE/MAX Romania envisions 110 franchised offices and more than 1,000 real estate agents by 2023. The company was established in Denver in 1973 and today has about 125,000 tied agents in 8,000 offices in 110 countries.

In Europe, RE/MAX is present in 38 countries, with more than 2,000 offices and 24,000 agents and continuing to expand.


Sources

Citation

Eurofound (2020), RE/MAX, Business expansion in Romania, factsheet number 99734, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99734.