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RE / MAX HOLDINGS , INC . DENVER , May 6 , 2021 First Quarter 2021 Highlights ( Compared to first quarter 2020 unless otherwise noted ) ■ ■ ■ ■ ■ RE / MAX HOLDINGS , INC . REPORTS FIRST QUARTER 2021 RESULTS ■ Total agent count increased 6.4 % to 140,214 agents U.S. and Canada combined agent count increased 0.7 % to 84,771 agents Total open Motto Mortgage franchises increased 27.1 % to 150 offices¹ Total Revenue of $ 72.3 million ; Revenue excluding the Marketing Funds increased 2.7 % to $ 54.2 million Net income attributable to RE / MAX Holdings , Inc. of $ 1.1 million and earnings per diluted share ( GAAP EPS ) of $ 0.06 Operating Statistics as of April 30 , 2021 ( Compared to April 30 , 2020 unless otherwise noted ) Exhibit 99.1 Adjusted EBITDA² of $ 23.2 million , Adjusted EBITDA margin² of 32.0 % and Adjusted earnings per diluted share ( Adjusted EPS² ) of $ 0.46 Total agent count increased 6.7 % to 139,862 agents U.S. and Canada combined agent count increased 2.0 % to 85,076 agents Total open Motto Mortgage franchises increased 27.9 % to 156 offices¹ RE / MAX Holdings , Inc. ( the " Company " or " RE / MAX Holdings " ) ( NYSE : RMAX ) , parent company of RE / MAX , one of the world's leading franchisors of real estate brokerage services , and Motto Mortgage ( " Motto ” ) , the first national mortgage brokerage franchise brand in the U.S. , today announced operating results for the first quarter ended March 31 , 2021 . " A robust housing market and record Motto growth helped drive strong financial results for the first quarter , " stated Adam Contos , RE / MAX Holdings Chief Executive Officer . " During this period , we also saw our largest year - over year increase in agent count in over a decade , adding more than 8,000 new agents , led by healthy agent growth in Canada and double - digit agent growth globally . Motto continued its record pace of franchise sales , selling the most franchises in its history for the trailing twelve month period ended March 31 , 2021. We now have over 150 open Motto offices in almost 40 states . We are encouraged that many of the strong tailwinds we saw in the first quarter continued in April . " Contos continued , " We continue to increase and enhance our value proposition for both of our franchise networks . At our recent RE / MAX agent conference , we introduced an opportunity for virtually all U.S. RE / MAX affiliates to access health benefits as well as new tools , technology , and educational resources for the exclusive benefit of our agents , teams and brokers . Within our mortgage business we continue to ramp up our wemlo acquisition , offering affordable , dependable loan processing services to more of our Motto franchises each week . " First Quarter 2021 Operating Results Agent Count The following table compares agent count as of March 31 , 2021 and 2020 : RE / MAX Holdings , Inc. - First Quarter 2021 Page 1 of 16