The future is bright, but the second quarter won’t be. That was the mix of cautious optimism and realism offered by RE/MAX CEO Adam Contos in an earnings call Thursday as he explained that while the housing market would probably rally sooner than expected, the worst of the pandemic’s economic fallout remains to be seen. The brokerage recorded $2.6 million in net income in the first quarter, down from $4.4 million in the same period
source https://therealdeal.com/2020/05/07/re-max-ready-for-full-brunt-of-pandemic-ceo/
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