Global property consultant RE/MAX to expand network

RE/MAX, a US-based international property consultant, is expanding its network of franchisees in India to offer a range of real estate transaction services.

Mr Samir Chopra, who is part of a consortium that operates the master franchisee for India, said RE/MAX brings into the real estate agents business a high degree of organisation and professionalism. RE/MAX brings into India a working style that has helped it spread its presence in 74 countries and over 7,000 offices.

Mr Chopra who was in Chennai to sign up the RE/MAX owner for Chennai region, said the company has earlier tied up with a owner for the Mumbai region. It would spread this franchisee network in stages across the country. In each region – in major cities such as Mumbai there would be over 100 offices.

RE/MAX’s system provides for a 2-3 per cent commission on transactions and the maximum share of the commission goes to the field-level staff. The personnel who actually effect the transactions and the broker office share over 90 per cent of the commission equally, 7 per cent goes to the region owner, 2.1 per cent to the India master franchisee and 0.9 per cent to the RE/MAX international.

The operators in the RE/MAX network get the benefit of the international network through a referral system, support systems such as training and region-centric advertisement campaigns.

RE/MAX will handle property transactions across the entire gamut of real estate business covering residential, commercial and industrial, including plantations.