Remax Shuts Down Its Relocation Business

Remax International has closed its Relocation Business because their agents are confused about the referral fees their own company charged for the leads. The president of Remax International, Vinnie Tracey, admits that their own internal systems were confusing their members. Their website is also confusing...it still has buttons for Relocation, and there is no indication that they have gotten out of this business. It makes one wonder if they are just inefficient at updating their website, or if they are intentionally trying to give the impression that they are still in business, when they are not.

The corporate relocation business, in general, has been cannibalized by the very corporations who want relocation services. The motivation for professional real estate people to work with corporate transferees has been diminished by the corporations taking so much of the available commissions. However, it is still a viable business for those who know how to manage it properly.