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Remax is a franchisee or of real estate brokerages and lesser extent mortgage loan origination brokerages under the Model Mortgage brand. They have what I call an agent favorable commission split where the agent keeps 95% of a commission and the broker takes just about 5%. The financial picture is obscured a little bit by the fact that there's a dual class share structure here. But right now the macro wins of the real estate industry are such that after a real gengho 2021, 2022 kind of fell into disrepair.
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