RE/MAX Korea Leading Real Estate Innovation

April 2016

In February 2015, RE/MAX Korea and Maeil Business Newspaper launched “Commercial Real Estate Sales Specialist Training Program”. In the first training class, 18 people completed the program. This training program, unlike other regular lectures, enhanced communication between the instructor and trainees with more discussion sessions. The instructors are actual real estate agents working in the RE/MAX office.

In March 2015, RE/MAX Korea launched “Real Estate Safe Transaction Service “Title Insurance Service”” in partnership with First American Company.

In October 2015, RE/MAX Korea hosted “Building Investment Forum” in partnership with Seoul Economic Daily. Many people, including agents, bankers and investors were interested in how to invest in buildings. It was a good opportunity to promote the RE/MAX brand, too.

For the first time in Korea, RE/MAX Korea provided a scientific and systematic manual for investing in commercial buildings.

RE/MAX VIP was the first office to sign a Franchise Agreement in 2015. RE/MAX Dongyoung in Gwangju followed in April and RE/MAX Gold Asset and RE/MAX UN signed the Franchise Agreement in August. In November 2015, RE/MAX The Kings has joined the quickly expanding network. These new offices have already become a sensation in their areas.

RE/MAX customers have higher satisfaction because the agents they work with provide top-quality real estate service, and some offices are actively recruiting real estate agents to expand their office.
Also, they provide training for agents using RE/MAX training systems like FIRE UP and MOMENTUM. Furthermore, the number of agents in Korea exceeded 100 in December 2015.

In April 2016, RE/MAX Korea and its company-owned office – RE/MAX Widepartners, moved to a new location. It’s only three minutes walking distance from the old location in the prestigious location in Seoul called Gangnam, but the new office is much larger and can accommodate more than 100 agents as the office is focused on ongoing growth in order to increase its market share. After moving to a new location, agents and staff like the newer and cleaner building environment. Agents say they will have higher productivity. Also, the new office has better accessibility with a more convenient parking system for customers. Overall, agents and customers have higher satisfaction levels with the new office building.

On April 15, 2016, the 2016 RE/MAX Korea National Convention was held in a luxury Belle-Essence hotel in Seoul. Before the actual convention, RE/MAX Korea hosted an “International Real Estate Investment Forum” in partnership with Seoul Economic Daily for agents and other investors interested in foreign properties and to learn about opportunities with RE/MAX in Korea. More than 200 local business and real estate professionals attended this successful networking and educational event with speakers from RE/MAX LLC (Jan Repa), RE/MAX Singapore (Ken Lim and Harold Tan), RE/MAX Indonesia (Jaya and Indra Cahyadi) and RE/MAX Pacific Realty in Bellevue, WA (Okhee Suh) presenting about vast real estate and networking opportunities worldwide.

Mr. Shin and Mr. Choi, the co-Regional Owners of RE/MAX Korea and RE/MAX Widepartners and their committed and focused regional team did an excellent job promoting the opportunities with RE/MAX in Korea and the global real estate opportunities available to local investors in co-operations with RE/MAX agents.

The RE/MAX Korea team is committed to continuing its expansion through new office sales and agent recruiting and the team looks toward to reaching new milestones and continuing to professionalize the real estate industry in Korea throughout 2016.