Tom Bilyeu shares his tactics on how to get your mindset, attitude, and action plan aligned in order to grow your business and improve your life.
Tom Bilyeu (not a born entrepreneur) is best known as the co-founder of Quest Nutrition, the second fastest growing private company (57,000% growth) in North America on the Inc 5000 for 2014 and the host of Impact Theory, an interview series that explores the mindsets of the world’s highest achievers to learn their secrets of success.
Denver, CO – Feb. 9, 2018 (PRNewswire) RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world’s leading franchisors of real estate brokerage services, and Motto Mortgage (“Motto”), an innovative mortgage brokerage franchise, today announced that RE/MAX President Geoff Lewis has decided to retire.
The Board of Directors has determined that Lewis’s responsibilities overseeing the Region Development group will be transitioned to RE/MAX Co-CEO Adam Contos effective immediately and that RE/MAX Region Executive Vice Presidents Josh Bolgren and Kevin Northrup will continue in their roles supporting franchises within owned and independent regions. Lewis will remain with RE/MAX as Senior Advisor for approximately five months, until June 30, 2018, to assist with the transition.
David Liniger, Co-CEO and Co-Founder, commented, “We wish Geoff well in his retirement. We look forward to the future with confidence as Adam works more closely with our Affiliates in both our owned and independent regions.”
Mr. Lewis stated, “It has been a great honor to have served as President of the leading real estate franchising company in the world. I especially want to thank the tremendous team that has supported me in my role. I remain confident that RE/MAX will retain its number one position and wish the company the greatest of success. I have decided that the time is right for me to retire.”
Lewis joined RE/MAX World Headquarters in 2004 as Senior Vice President, General Counsel and became Senior Vice President and Chief Legal Officer the following year. He was promoted to Executive Vice President, Chief Legal and Compliance Officer in 2013 and was named President in 2015.
About the RE/MAX Network
RE/MAX was founded in 1973 by David and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 115,000 agents provide RE/MAX a global reach of over 100 countries and territories. Nobody in the world sells more real estate than RE/MAX as measured by total residential transaction sides.
RE/MAX, one of the world’s leading franchisors of real estate brokerage services, and Motto Mortgage, an innovative mortgage brokerage franchise, are subsidiaries of RMCO LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE: RMAX).
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as “believe,” “intend,” “expect,” “estimate,” “plan,” “outlook,” “project,” “anticipate,” “may,” “will,” “would” and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements include statements related to agent count, franchise sales, revenue, operating expenses, financial outlook, dividends, non-GAAP financial measures, housing market conditions, the Company’s management roles and plans for its leadership structure as well as other statements regarding the Company’s strategic and operational plans and business models. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily accurately indicate the times at which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Such risks and uncertainties include, without limitation, (1) changes in business and economic activity in general, (2) changes in the real estate market or interest rates and availability of financing, (3) the Company’s ability to attract and retain quality franchisees, (4) the Company’s franchisees’ ability to recruit and retain real estate agents and mortgage loan originators, (5) changes in laws and regulations, (6) the Company’s ability to enhance, market, and protect the RE/MAX and Motto Mortgage brands, (7) fluctuations in foreign currency exchange rates, as well as those risks and uncertainties described in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company’s website at www.remax.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no obligation, to update this information to reflect future events or circumstances.
Sacramento, Phoenix and Las Vegas Were the Most Popular Migration Destinations at Year End
SEATTLE, Feb. 7, 2018 (PRNewswire) (NASDAQ: RDFN) In the fourth quarter of 2017, people in expensive, high-tax coastal markets like San Francisco, New York and Los Angeles, searched for homes in more affordable metros with lower taxes like Sacramento, Phoenix, Las Vegas and Nashville, according to the latest Migration Report from Redfin (www.redfin.com), the next-generation real estate brokerage.
Of the 22 percent of Redfin.com home searchers who looked to move to another metro area, the following key trends emerged:
The analysis is based on a sample of more than 1 million Redfin.com users searching for homes across 75 metro areas from October through December. Redfin began systematically tracking homebuyer migration at the beginning of 2017 and these fourth-quarter trends follow the migration patterns observed throughout last year.
Redfin expects that in 2018, this migration pattern will intensify as tax reform becomes a reality and more people choose to relocate in search of a lower cost of living.
“People leaving coastal hubs in search of affordability has been a consistent trend for the last five years,” said Redfin chief economist Nela Richardson. “Late last year there was a twist. Many of the popular migration paths that we saw Redfin.com users exploring yielded tax benefits along with increased affordability.”
By comparing annual property, state and local tax burdens from the 2016 Tax Rates and Tax Burdens in the District of Columbia: A Nationwide Comparison report, we’re able to estimate what a move from one metro to another might entail from a tax perspective. For example, 18.2 percent of all Redfin.com searches for homes in Las Vegas in the fourth quarter came from Los Angeles; a family earning $150,000 who made this move could save $7,785 in taxes and would likely pay less for a similar home, given that the typical home in Las Vegas costs about $333,000 less than in Los Angeles. Similarly, the 9 percent of New Yorkers looking to leave who considered Atlanta might save $5,809 in taxes and benefit from a $161,000 lower median home sale price.
“Lower taxes and more affordable housing have historically drawn Californians away from the coast to places like Nevada and Arizona,” said Heidi Ludwig, a Redfin Agent in Hermosa Beach. “The recent changes in tax law have been coming up in my conversations with prospective home sellers. Last year, several of my home-selling clients followed their employer, Toyota, to its new facility in Plano, Texas. I expect to see more people move in the same direction this year, but for different reasons including taxes and overall affordability.”
Seattle showed a negative net outflow in the fourth quarter, a first since we began tracking migration patterns at the beginning of 2017. Among local users who were looking to leave, 10.6 percent were eyeing Los Angeles, followed by Bellingham, Wash., Portland and Phoenix, each of which captured at least 8 percent of Seattleites looking to leave.
To read the full report, complete with an interactive data map of metro-to-metro migration trends and full methodology, please visit: https://www.redfin.com/blog/2018/02/q4-migration-report.html.
About Redfin
Redfin (www.redfin.com) is the next-generation real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including the Redfin Estimate, the automated home-value estimate with the industry’s lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 80 major metro areas across the U.S. The company has closed more than $50 billion in home sales.