RE/MAX sells master franchise rights for Japan

Taking the next big leap to expand its verticals across the globe, RE/MAX, LLC has sold the master franchise rights for the country of Japan, the world's third-largest economy. This addition increases the significant RE/MAX presence in Asia, further solidifying the largest global reach of all U.S. real estate franchises.

The newly formed region, RE/MAX Japan, is owned by Generation Group, LLC, which has a leadership team experienced in real estate and finance. They are poised to expand the RE/MAX network throughout the island nation of more than 126 million.

"RE/MAX is an extraordinary brand that is recognized and respected around the world," said John Fou, Managing Member of Generation Group, LLC. "We are proud to be part of a talented team that will bring RE/MAX professionalism and quality customer service to the people of Japan."

RE/MAX welcomes Japan to an expansive international footprint that extends throughout Europe, South America, Africa, Australia, China and beyond. This week, the RE/MAX Japan ownership group is joining other regional owners for the first annual RE/MAX Pacific Rim Summit, being held in Hong Kong. Attendees represent nine countries in the region with RE/MAX tenure ranging from recent launch to more than 10 years.

"We're incredibly pleased to bring the RE/MAX level of customer service to the current and future homeowners of Japan," said Margaret Kelly, RE/MAX CEO. "We found the perfect leadership team and we're honored to have them attend the RE/MAX Pacific Rim Summit to experience our commitment to franchisee support."

Mr Samir Chopra, Chairman, RE/MAX Said "With this expansion, RE/MAX has further strengthened its presence in Asia and it's a big moment for us. I have a special attachment with Japan having done a lot of business there in the past and now we look forward to doing a lot of business with RE/MAX Japan in the coming future. Japan is indeed a very big market and RE/MAX aims at imprinting the mark of its success and quality services across the new addition just like it is doing in India".

The RE/MAX Global Franchise and Business Solutions team will spend the next several months training the new region owners on the RE/MAX system in preparation for the opening of the first office in Japan in early 2014.

Source : Equity Bulls

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