What was the amortization expense for Remax for the year ended December 31, 2022?

According to the 2025 Remax Franchise Disclosure Document, the amortization expense for the years ended December 31, 2024, 2023 and 2022 was $27.1 million, $29.9 million and $33.3 million, respectively. This reflects the expense recognized by Remax for the depreciation of its intangible assets over those three years. Intangible assets are non-physical assets like software, patents, and trademarks that have a defined lifespan.

For a prospective Remax franchisee, understanding amortization expense is crucial because it provides insight into how Remax manages and values its long-term assets. A higher amortization expense in previous years might suggest that Remax has made significant investments in assets that are now being written off, which could impact future profitability or require further investments in new assets. Conversely, a decreasing amortization expense could indicate that Remax's existing assets are fully amortized, potentially reducing future expenses.

It is also important to note that as of December 31, 2024 and 2023, Remax had capitalized software development costs of $1.2 million and $1.0 million, respectively, related to technology projects not yet complete and ready for their intended use and thus were not subject to amortization. These figures represent investments in ongoing technology projects that have not yet begun to be amortized, which could lead to increased amortization expenses in future years once these projects are completed and put into service. Franchisees should consider these factors when assessing the financial health and future investment strategies of Remax.