RE/MAX announces buyout
From Monday, the New Zealand branch of the company will be owned by a group that includes the current regional director, Chris Chapman, managing director of RE/MAX Australia and New Zealand Michael Davoren and Keith Walker, franchise director of RE/MAX Australia.
The master franchise had previously been held by RE/MAX head office in the United States.
The group wants to double the number of offices the real estate firm has in this country in the next five years.
Davoren said the ownership change would intensify the brand’s local focus. “RE/MAX is already number one in Wellington by sales and we know we can make big in-roads in other markets as well.”
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