Master franchise RE/MAX China previously sold its first regional franchise, RE/MAX Beijing, to owners Catia Kong and husband Andy Gu, who opened the company’s first office in Beijing last year. Shortly after, RE/MAX China sold RE/MAX Shanghai, RE/MAX Guangzhou and RE/MAX Shenzhen regional rights to Nathan Yang.
In February, RE/MAX sold master franchise RE/MAX Mongolia to principal directors Batbaatar Narantuya and his wife, Bujinkham Bold. Both seek to professionalize the mostly unregulated real estate market.
In May, master franchise RE/MAX Japan sold its second regional franchise, RE/MAX Kansai, to the current owner of RE/MAX Osaka, Kazuya Moto-oka. Moto-oka will continue to serve as owner of both regional franchises and Machiko Kotani will serve as CEO. The RE/MAX Kansai team will continue creating opportunities for women in Japan by leveraging the company’s agent-centric business model.
“Our top priorities for international development are to continue to provide professional real estate services across boarders and to revolutionize the real estate industry in each country,” says Larry Oberly, Vice President, Global Development of RE/MAX, LLC. “We’re happy with the progress made throughout Asia thus far and look forward to the many opportunities to come.”
RE/MAX in Asia currently consists of operations in China, Guam, India, Indonesia, Japan, Mongolia, Northern Mariana Islands, Palau, Philippines, Singapore, South Korea, Sri Lanka and Thailand. It is currently seeking franchise candidates for each of these countries, as well as Hong Kong, Macau, Myanmar, Taiwan and the Federated States of Micronesia.
RE/MAX has a presence in nearly 100 countries, a global reach greater than any competitor. In October, RE/MAX received the highest global ranking among real estate franchises by Entrepreneur magazine.
With more than 6,740 independently owned and operated offices around the world with more than 100,000 sales associates, RE/MAX offers buyers and sellers the experience and knowledge of the most productive real estate network.
For more information, visit www.remax.com.
