Lessinger’s departure comes lower than a 12 months after she assumed the function of president. It additionally comes after RE/MAX has struggled with monetary leads to latest quarters.
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RE/MAX President Amy Lessinger, who assumed her place lower than one 12 months in the past, introduced this month that she can be stepping down.
Amy Lessinger
Lessinger introduced her resignation in a submitting Wednesday with the U.S. Securities and Alternate Fee. The submitting gave no purpose for Lessinger’s departure, saying solely that she knowledgeable the corporate of her departure on Jan. 3 and that it turns into efficient Jan. 17. The submitting additionally notes that RE/MAX is conducting a seek for a brand new president.
In a short assertion to Inman Wednesday afternoon, RE/MAX mentioned it had accepted Lessinger’s resignation. The assertion added that Erik Carlson, CEO of dad or mum RE/MAX Holdings, will “assume her duties till a successor is known as.” The assertion didn’t say why Lessinger was leaving or what she would possibly do subsequent.
Information of the SEC submitting was first reported by Actual Property Information.
Lessinger turned president of RE/MAX in February 2024 following the departure of Nick Bailey, who had served as each president and CEO. Although she didn’t maintain the CEO title, Lessinger did report on to Carlson.
Previous to turning into president of the franchisor, Lessinger held company roles on the firm starting in 2020 together with vice chairman and senior vice chairman. In keeping with her LinkedIn web page, she started her profession as a RE/MAX agent in 1996.
Lessinger presided over the corporate throughout a interval of great problem. Broadly, the true property trade confronted tumult in 2024 due to antitrust litigation over agent commissions. RE/MAX settled its half within the fee fits in Sept. 2023, earlier than Lessinger turned president. However she was however on the helm when NAR introduced its personal settlement, which subsequently compelled numerous guidelines modifications on the trade.
In an April 2024 interview with Inman, Lessinger defended RE/MAX’s antitrust settlement, saying it was a “nice resolution.”
Moreover, RE/MAX additionally confronted its personal distinctive pressures that had been unrelated to antitrust litigation. On the time of Bailey’s departure, RE/MAX had seen falling income for six straight quarters. The corporate was unable to reverse that pattern in 2024 beneath Lessinger’s management, and as of October of final 12 months had seen income fall for 9 consecutive quarters.
Latest earnings studies have additionally revealed that the model continues to lose U.S. brokers.
In the identical interview throughout which she defended RE/MAX’s antitrust settlement, Lessinger mentioned that “stabilizing and rising U.S. agent rely” was amongst her “prime priorities” as president.
The departures of Lessinger and Bailey usually are not the one latest RE/MAX management shakeups. In June 2024, the corporate revealed that Chief Working Officer Serene Smith had resigned.
Carlson is a relative newcomer to RE/MAX, having joined the corporate in Nov. 2023 after serving because the president and CEO of Dish Community.
Replace: This story was up to date after publication with extra context about Lessinger and RE/MAX, and with a press release from the corporate.
