NEW YORK—Shares of Re/Max Holdings, Inc. on Wednesday were publicly trading for the first time on Wednesday under the ticker symbol "RMAX". The Denver-based firm is considered the country's largest franchisor of real estate brokerage services.
Many years ago I heard a story, which I believe is accurate, the then McDonald's CEO Ray Kroc spoke at Harvard Business School and confounded the students and faculty by asking what business McDonald's is in.
Help-U-Sell Real Estate has filed for Chapter 11 bankruptcy proceedings after a group of its franchisees filed Chapter 7 to liquidate and are seeking judgment against the franchisor of $1.04 million. Each of the network's major players have a different take on why the franchise system is in trouble.