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E/MAX CEO Erik Carlson announced a $5.5 million deal to settle Canadian commissions cases, ending 2024 in the black and positioning the company for growth in 2025. Despite declining revenue and agent count, RE/MAX is starting the new year from "a position of strength" as the industry navigates a housing market transition.

    The company's focus now shifts to stabilizing U.S. agent count and generating revenue from fees. New agents are struggling, and Carlson believes that helping brokers onboard and make them productive will be key to success. RE/MAX is also set to announce new initiatives at its flagship R4 event in Las Vegas.

    In Canada, RE/MAX has reached a $5.5 million settlement with two commissions lawsuits, which still needs finalization. The company denies any wrongdoing but sees the settlement as protecting it from potential damages and litigation uncertainty.

    Key numbers show revenue of $72.5 billion in Q4, down 5.4% year-over-year, while cash and cash equivalents increased to $96.6 million. Net income was a gain of $7.1 million for 2024, with adjusted EBITDA up 1.5%. Globally, the company had 146,627 agents at the end of December, but U.S. and Canada combined agent count dropped by 4.8%.

    RE/MAX has also made notable hires, including Chief Growth Officer Chris Lim and Travis Saxton as executive vice president of strategy. The recently launched RE/MAX Media Network is "ramping nicely," with potential for a seven-digit revenue figure annually.