Lessinger’s departure comes lower than a yr 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 yr in the past, introduced this month that she will probably be stepping down.
Amy Lessinger
Lessinger introduced her resignation in a submitting Wednesday with the U.S. Securities and Change Fee. The submitting gave no cause 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 stated it had accepted Lessinger’s resignation. The assertion added that Erik Carlson, CEO of dad or mum RE/MAX Holdings, will “assume her responsibilities until a successor is named.” The assertion didn’t say why Lessinger was leaving or what she may 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 changing into president of the franchisor, Lessinger held company roles on the firm starting in 2020 together with vp and senior vp. 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 actual property business confronted tumult in 2024 because of 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 nonetheless on the helm when NAR introduced its personal settlement, which subsequently compelled varied guidelines modifications on the business.
In an April 2024 interview with Inman, Lessinger defended RE/MAX’s antitrust settlement, saying it was a “great decision.”
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 development in 2024 underneath Lessinger’s management, and as of October of final yr had seen income fall for 9 consecutive quarters.
Current earnings reviews 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 stated that “stabilizing and growing U.S. agent count” was amongst her “top priorities” as president.
The departures of Lessinger and Bailey will not be 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 an announcement from the corporate.
