RE/MAX (RMAX) 10-K 26 Feb 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Feb. 19, 2016	Jun. 30, 2015
Document And Entity Information [Line Items]
Entity Registrant Name	RE/MAX Holdings, Inc.
Entity Central Index Key	1,581,091
Document Period End Date	Dec. 31, 2015
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Amendment Flag	false
Trading Symbol	rmax
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 437.8
Class A common stock
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		17,584,351
Class B common stock
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 110,212	$ 107,199
Escrow cash - restricted		693
Accounts and notes receivable, current portion, less allowances of $4,836 and $4,495, respectively	$ 16,769	16,641
Accounts receivable from affiliates		231
Income taxes receivable		765
Assets held for sale	$ 354
Other current assets	7,411	5,237
Total current assets	134,746	130,766
Property and equipment, net of accumulated depreciation of $13,585 and $19,993, respectively	2,395	2,661
Goodwill	71,871	72,463
Deferred tax assets, net	106,033	66,903
Investments in equity method investees		3,693
Debt issuance costs, net	1,527	1,896
Other assets	1,861	1,715
Total assets	385,313	358,327
Current liabilities:
Accounts payable	449	561
Accounts payable to affiliates	66	1,114
Escrow liabilities		693
Accrued liabilities	16,082	9,380
Income taxes payable	451	189
Deferred revenue and deposits	16,501	17,142
Current portion of debt	14,805	9,460
Current portion of payable pursuant to tax receivable agreements	8,478	3,914
Liabilities held for sale	351
Other current liabilities	71	211
Total current liabilities	57,254	42,664
Debt, net of current portion	187,079	202,213
Payable pursuant to tax receivable agreements, net of current portion	91,557	63,504
Deferred tax liabilities, net	120	190
Other liabilities, net of current portion	9,889	10,473
Total liabilities	345,899	319,044
Stockholders' equity:
Additional paid-in capital	445,081	241,882
Retained earnings	4,693	12,041
Accumulated other comprehensive (loss) income	(105)	886
Total stockholders' equity	449,671	254,810
Non-controlling interest	(410,257)	(215,527)
Total stockholders' equity	39,414	39,283
Total liabilities and stockholders' equity	385,313	358,327
Class A common stock
Stockholders' equity:
Common stock	2	1
Franchise agreements
Current assets:
Intangible assets , net	61,939	75,505
Other intangible assets
Current assets:
Intangible assets , net	$ 4,941	$ 2,725

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts and notes receivable, current portion, allowances	$ 4,483	$ 4,495
Property and equipment, accumulated depreciation	13,183	19,993
Franchise agreements
Franchise agreements and other intangible assets, accumulated depreciation	100,499	87,330
Other intangible assets
Franchise agreements and other intangible assets, accumulated depreciation	$ 8,929	$ 8,550
Class A common stock
Common stock, par value	$ 0.0001
Common stock, shares authorized	180,000,000
Common stock, shares issued	17,584,351	11,768,041
Common stock, shares outstanding	17,584,351	11,768,041
Class B common stock
Common stock, par value	$ 0.0001
Common stock, shares authorized	1,000
Common stock, shares issued	1

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenue:
Continuing franchise fees	$ 73,750	$ 72,706	$ 64,465
Annual dues	31,758	30,726	29,524
Broker fees	32,334	28,685	24,811
Franchise sales and other franchise revenue	25,468	23,440	23,574
Brokerage revenue	13,558	15,427	16,488
Total revenue	176,868	170,984	158,862
Operating expenses:
Selling, operating and administrative expenses	90,986	91,847	96,243
Depreciation and amortization	15,124	15,316	15,166
Loss (gain) on sale or disposition of assets, net	(3,397)	(14)	373
Total operating expenses	102,713	107,149	111,782
Operating income	74,155	63,835	47,080
Other expenses, net:
Interest expense	(10,413)	(9,295)	(14,647)
Interest income	178	313	321
Foreign currency transaction (losses)	(1,661)	(1,348)	(764)
Loss on early extinguishment of debt	(94)	(178)	(1,798)
Equity in earnings of investees	1,215	600	904
Total other expenses, net	(10,775)	(9,908)	(15,984)
Income before provision for income taxes	63,380	53,927	31,096
Provision for income taxes	(12,030)	(9,948)	(2,844)
Net income (loss)	51,350	43,979	28,252
Less: net income attributable to non-controlling interest	34,695	30,543	26,746
Net income attributable to RE/MAX Holdings, Inc.	$ 16,655	$ 13,436	$ 1,506
Net income attributable to RE/MAX Holdings, Inc. per share
Basic	$ 1.31	$ 1.16	$ 0.13
Diluted	$ 1.30	$ 1.10	$ 0.12
Weighted average shares outstanding
Basic	12,671,051	11,611,164	11,607,971
Diluted	12,829,214	12,241,977	12,234,905
Cash dividends declared per share	$ 2	$ 0.25

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 51,350	$ 43,979	$ 28,252
Change in cumulative translation adjustment	(1,289)	(485)	(376)
Other comprehensive (loss), net of tax	(1,289)	(485)	(376)
Comprehensive income	50,061	43,494	27,876
Less: comprehensive income attributable to non-controlling interest	34,397	30,250	26,446
Comprehensive income attributable to RE/MAX Holdings, Inc., net of tax	$ 15,664	$ 13,244	$ 1,430

Consolidated Statements of Rede

Consolidated Statements of Redeemable Preferred Units and Stockholders' Equity/Members' Deficit - USD ($)	Secondary OfferingCommon StockClass A common stock	Secondary OfferingAdditional paid-in capitalClass A common stock	Secondary OfferingAdditional paid-in capital	Secondary OfferingNon-controlling interestClass A common stock	Secondary Offering	RMCO, LLCRedeemable Class A Preferred Units	RMCO, LLCClass B Common Units	RMCO, LLCAccumulated other comprehensive (loss) income	Accumulated other comprehensive (loss) income	Common StockClass A common stock	Common StockClass B common stock	Additional paid-in capitalClass A common stock	Additional paid-in capital	Retained earnings	Non-controlling interest	Class A common stock	Total
Beginning balance, Value at Dec. 31, 2012						$ 78,400,000	$ (98,516,000)	$ 1,747,000									$ (96,769,000)
Distributions paid and payable to non-controlling unitholders						(13,672,000)	(13,662,000)										(13,662,000)
Equity-based compensation awards issued value							701,000										701,000
Net income attributable to and accretion of RMCO, LLC Class A preferred units to estimated redemption amounts						67,622,000
Net income related to RMCO, LLC Class B common unitholders							(44,346,000)										(44,346,000)
Change in accumulated other comprehensive (loss) income								(184,000)									(184,000)
Ending balance, Value at Oct. 06, 2013						132,350,000	(155,823,000)	1,563,000									(154,260,000)
Beginning balance, Value at Dec. 31, 2012						$ 78,400,000	$ (98,516,000)	$ 1,747,000									(96,769,000)
Net income related to RMCO, LLC Class B common unitholders																	1,506,000
Change in accumulated other comprehensive (loss) income																	(376,000)
Net income																	28,252,000
Ending balance, Value at Dec. 31, 2013									$ 1,371,000	$ 1,000			$ 239,086,000	$ 1,506,000	$ (226,425,000)		15,539,000
Ending balance, Shares at Dec. 31, 2013										11,607,971	1
Net income related to RMCO, LLC Class B common unitholders																	13,436,000
Change in accumulated other comprehensive (loss) income									(485,000)								(485,000)
Excess tax benefit realized on exercise of stock options and delivery of vested restricted stock units													736,000				736,000
Cancellation of vested restricted stock units to satisfy statutory tax withholding requirements													(1,781,000)				(1,781,000)
Cancellation of vested restricted stock units to satisfy statutory tax withholding requirements, Shares										(30,519)
Issuance of common stock, value												$ 486,000				$ 486,000
Issuance of common stock (in shares)										190,589
Equity effect of establishment of payable pursuant to tax receivable agreements													917,000				917,000
Equity effect of step-up in tax basis and share of RE/MAX Holdings' inside tax basis													436,000				436,000
Equity-based compensation expense													2,002,000				2,002,000
Net income														13,436,000	30,543,000		43,979,000
Distributions paid to non-controlling unitholders															(19,645,000)		(19,645,000)
Dividends payable to Class A common stockholders														(2,901,000)		$ (2,901,000)	(2,901,000)
Ending balance, Value at Dec. 31, 2014									886,000	$ 1,000			241,882,000	12,041,000	(215,527,000)		39,283,000
Ending balance, Shares at Dec. 31, 2014										11,768,041	1					11,768,041
Net income related to RMCO, LLC Class B common unitholders																	16,655,000
Change in accumulated other comprehensive (loss) income									(991,000)						(298,000)		(1,289,000)
Excess tax benefit realized on exercise of stock options and delivery of vested restricted stock units													2,770,000				2,770,000
Cancellation of vested restricted stock units to satisfy statutory tax withholding requirements													(327,000)				(327,000)
Cancellation of vested restricted stock units to satisfy statutory tax withholding requirements, Shares										(8,873)
Issuance of common stock, value	$ 1,000	$ 186,299,000		$ (186,300,000)								$ 2,248,000				$ 2,248,000
Issuance of common stock (in shares)	5,175,000									650,183
Equity effect of establishment of payable pursuant to tax receivable agreements			$ (33,018,000)		$ (33,018,000)
Equity effect of step-up in tax basis and share of RE/MAX Holdings' inside tax basis			$ 43,774,000		$ 43,774,000
Equity-based compensation expense													1,453,000				1,453,000
Equity-based compensation awards issued shares																2,001
Net income														16,655,000	34,695,000		51,350,000
Distributions paid to non-controlling unitholders															(42,827,000)		(42,827,000)
Dividends payable to Class A common stockholders														(24,003,000)		$ (24,003,000)	(24,003,000)
Ending balance, Value at Dec. 31, 2015									$ (105,000)	$ 2,000			$ 445,081,000	$ 4,693,000	$ (410,257,000)		$ 39,414,000
Ending balance, Shares at Dec. 31, 2015										17,584,351	1					17,584,351

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 51,350,000	$ 43,979,000	$ 28,252,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	15,124,000	15,316,000	15,166,000
Bad debt expense	433,000	630,000	604,000
(Gain) loss on sale or disposition of assets, net	(3,397,000)	(14,000)	373,000
Loss on early extinguishment of debt	94,000	178,000	1,798,000
Equity in earnings of investees	(1,215,000)	(600,000)	(904,000)
Distributions received from equity investees	1,178,000	549,000	1,162,000
Equity-based compensation expense	1,453,000	2,002,000	2,995,000
Non-cash interest expense	439,000	365,000	859,000
Deferred income tax expense	2,531,000	1,865,000	402,000
Changes in operating assets and liabilities:
Accounts and notes receivable, current portion	(999,000)	(1,466,000)	(585,000)
Advances from/to affiliates	(771,000)	(161,000)	57,000
Other current and noncurrent assets	502,000	100,000	(1,245,000)
Other current and noncurrent liabilities	7,000,000	858,000	1,574,000
Deferred revenue and deposits current portion	866,000	1,094,000	(439,000)
Payment pursuant to Tax Receivable Agreement	0	(986,000)
Net cash provided by operating activities	74,588,000	63,709,000	50,069,000
Cash flows from investing activities:
Purchase of property, equipment and software	(3,546,000)	(2,026,000)	(1,108,000)
Proceeds from sale of property and equipment	25,000	5,000	18,000
Capitalization of trademark costs	(82,000)	(122,000)	(232,000)
Acquisitions			(27,305,000)
Disposition	5,650,000	100,000
Cost to sell assets	(383,000)
Net cash used in investing activities	1,664,000	(2,043,000)	(28,627,000)
Cash flows from financing activities:
Proceeds from issuance of debt			230,000,000
Payments on debt	(9,400,000)	(16,816,000)	(234,658,000)
Debt issuance costs and capitalized debt amendment costs	(555,000)		(1,345,000)
Proceeds from issuance of Class A common stock in initial public offering			235,922,000
Payments of costs directly associated with issuance of Class A common stock			(5,972,000)
Purchase of Common Units from RMCO, LLC			(197,618,000)
Distributions to non-controlling unitholders	(42,827,000)	(22,197,000)	(27,614,000)
Dividends paid to Class A common stockholders	(24,003,000)	(2,901,000)
Proceeds from exercise of stock options	(322,000)	(204,000)	(266,000)
Payments on capital lease obligations	2,248,000	486,000
Excess tax benefit realized on exercise of stock options and delivery of vested restricted stock units	2,770,000	736,000
Cancellation of vested restricted stock units for required tax withholding payments	(327,000)	(1,781,000)
Net cash used in financing activities	(72,416,000)	(42,677,000)	(1,551,000)
Effect of exchange rate changes on cash	(823,000)	(165,000)	(17,000)
Net (decrease) increase in cash and cash equivalents	3,013,000	18,824,000	19,874,000
Cash and cash equivalents, beginning of year	107,199,000	88,375,000	68,501,000
Cash and cash equivalents, end of period	110,212,000	107,199,000	88,375,000
Supplemental disclosures of cash flow information:
Cash paid for interest and for debt amendment costs	9,319,000	8,880,000	13,769,000
Net cash paid for income taxes	5,841,000	8,521,000	2,310,000
Schedule of non-cash investing and financing activities:
Establishment of deferred tax assets	43,774,000	917,000	69,711,000
Establishment of amounts payable under tax receivable agreements	33,018,000	436,000	68,840,000
Tax distributions payable to non-controlling unitholders			2,552,000
Note receivable received as consideration for sale of brokerage operations assets	851,000
Capital leases for property and equipment	412,000	18,000	581,000
Increase in accounts payable for capitalization of trademark costs and purchases of property, equipment and software	$ 667,000	$ 165,000	$ 78,000

Business and Organization

Business and Organization	12 Months Ended
	Dec. 31, 2015
Business and Organization
Business and Organization	1. Business and Organization RE/MAX Holdings, Inc. (“RE/MAX Holdings”) was formed as a Delaware corporation on June 25, 2013 and was capitalized on July 8, 2013. On October 7, 2013, RE/MAX Holdings completed an initial public offering (the “IPO”) of 11,500,000 shares of Class A common stock at a public offering price of $22.00 per share. A portion of the proceeds received by RE/MAX Holdings from the IPO was used to acquire the net business assets of HBN, Inc. (“HBN”) and Tails, Inc. (“Tails”) in the Southwest and Central Atlantic regions of the United States (“U.S.”), respectively, which were subsequently contributed to RMCO, LLC and subsidiaries (“RMCO”), and the remaining proceeds were used to purchase common membership units in RMCO following the reorganization transactions described below. After the completion of the IPO, RE/MAX Holdings owned 39.56% of the common membership units in RMCO. RE/MAX Holdings’ only business is to act as the sole manager of RMCO and, in that capacity, RE/MAX Holdings operates and controls all of the business and affairs of RMCO. As a result, RE/MAX Holdings consolidates the financial position and results of operations of RMCO, and because RE/MAX Holdings and RMCO are entities under common control, such consolidation has been reflected for all periods presented. RE/MAX Holdings and its consolidated subsidiaries, including RMCO, are referred to hereinafter as the “Company.” The Company is one of the leading franchisors of residential and commercial real estate brokerage services throughout the U.S. and globally. During 2015, the Company operated a small number of real estate brokerage offices in the U.S. As discussed in Note 5, Acquisitions and Dispositions , the Company sold certain operating assets and liabilities of these brokerage offices during 2015 and the first quarter of 2016 and subsequent thereto, no longer operates any real estate brokerage offices. The Company’s revenue is derived from continuing franchise fees (which consist of fixed contractual fees paid monthly by regional franchise owners and franchisees based on the number of agents in the respective franchise region or franchisee’s office), annual dues from agents, broker fees (which consist of fees paid by regional franchise owners and franchisees for real estate commissions paid by customers when an agent sells a home), franchise sales and other franchise revenue (which consist of fees from initial sales and renewals of franchises, regional franchise fees, preferred marketing arrangements, approved supplier programs and event-based revenue from training and other programs) and brokerage revenue (which consists of fees assessed by the Company’s owned brokerages for services provided to their affiliated real estate agents). The Company, as a franchisor, grants each broker-owner a license to use the RE/MAX brand, trademark, promotional and operating materials and concepts. Certain transactions and agreements associated with the IPO are set forth below: Reorganization Transactions In connection with the completion of the IPO, RMCO’s Third Amended and Restated Limited Liability Company Agreement (the “Old RMCO, LLC Agreement”), dated as of February 1, 2013 was amended and restated and RMCO’s Fourth Amended and Restated Limited Liability Company Agreement (the “New RMCO, LLC Agreement”) was executed. The New RMCO, LLC Agreement, among other things, modified RMCO’s capital structure as follows (collectively referred to hereinafter as the “Reorganization Transactions”): · RMCO’s existing Class A preferred membership interest was converted into (i) a new preferred membership interest that reflected RMCO’s preferred equity holder’s liquidation preference of $49,850,000 and (ii) a common interest in the form of new Common Units (“Common Units”) that reflected RMCO’s preferred equity holders’ pro-rata share of the residual equity value of RMCO on the IPO date. RMCO’s existing Class B common unitholders also exchanged their ownership interest in RMCO for Common Units on a one-for-one basis; · RMCO effectuated a 25 for 1 split of the then existing number of outstanding Common Units so that one Common Unit of RMCO could be acquired with the net proceeds received in the Company’s IPO from the sale of one share of RE/MAX Holdings’ Class A common stock, after the deduction of underwriting discounts and commissions and prior to the payment of estimated offering expenses; · RE/MAX Holdings became a member and the sole manager of RMCO following the purchase of Common Units of RMCO, as described below; · Previously outstanding and unexercised options to acquire Common Units of RMCO were split 25 for 1 and then substituted for 787,500 options to acquire shares of RE/MAX Holdings’ Class A common stock; and · RIHI, Inc. (“RIHI”) was granted the right to redeem each of its Common Units of RMCO for, at RE/MAX Holdings’ option, newly issued shares of RE/MAX Holdings’ Class A common stock on a one-for-one basis or for a cash payment equal to the market price of one share of RE/MAX Holdings’ Class A common stock. Initial Public Offering The IPO closed on October 7, 2013, and RE/MAX Holdings raised a total of $253,000,000 in gross proceeds from the sale of 11,500,000 shares of Class A common stock at $22.00 per share, or $235,922,500 in net proceeds after deducting $17,077,500 of underwriting discounts and commissions. RE/MAX Holdings used $27,305,000 of the proceeds from the IPO to reacquire regional RE/MAX franchise rights in the Southwest and Central Atlantic regions of the U.S. through the acquisitions of the business assets of HBN and Tails, as discussed in Note 5, Acquisitions and Dispositions . RE/MAX Holdings then used the remaining $208,617,500 of the proceeds received from the IPO to purchase 10,169,023 Common Units of RMCO. Of the $208,617,500 of proceeds received by RMCO from RE/MAX Holdings, $11,000,000 was reserved by RMCO to pay for expenses incurred related to the IPO transaction, including $5,972,000 directly related to the issuance of stock. RMCO used the remaining $197,617,500 of proceeds to pay a $49,850,000 liquidity preference associated with the preferred membership interest in RMCO held by Weston Presidio V, L.P. (“Weston Presidio”) and then to redeem common units of RMCO from Weston Presidio and RIHI at a price per Common Unit equal to the public offering price per share of RE/MAX Holdings’ Class A common stock, less underwriting discounts. Secondary Offering On November 24, 2015, RIHI redeemed 4,500,000 of its Common Units of RMCO for newly issued shares of RE/MAX Holdings’ Class A common stock on a one -for-one basis pursuant to the terms of the New RMCO, LLC Agreement. Immediately upon redemption, RIHI sold its 4,500,000 shares of Class A common stock at $36.00 per share, or $155,115,000 in net proceeds after deducting $6,885,000 of underwriting discounts and commissions. In connection with this offering, RIHI granted the underwriters an option to purchase an additional 675,000 shares of RE/MAX Holdings’ Class A common stock at a price of $36.00 per share, less underwriting discounts and commissions. This option was exercised in full and the sale of 675,000 newly issued shares of RE/MAX Holdings’ Class A common stock was completed on December 18, 2015. RIHI received an additional $23,267,000 , less underwriting discounts and commissions. The aforementioned transactions are referred to herein as the “Secondary Offering.” Subsequent to the Secondary Offering and as of December 31, 2015, RE/MAX Holdings owns 58.33% of the common membership units in RMCO. The increase in RE/MAX Holdings’ Class A common stock as a result of the Secondary Offering has been reflected as an increase in “Additional paid-in capital” and a reduction in the deficit balance of the “Non-controlling interest” in the accompanying Consolidated Balance Sheets and Consolidated Statements of Redeemable Preferred Units and Stockholders’ Equity/Members’ Deficit. Additionally, the increase in the tax basis of certain intangible assets resulting from RE/MAX Holdings’ investment in RMCO due to the Secondary Offering resulted in an increase to “Deferred tax assets, net” and an increase to the current and non-current portion of “Payable pursuant to tax receivable agreements” in the accompanying Consolidated Balance Sheets as disclosed in Note 3, Non-controlling Interest and Note 10, Income Taxes . The Company did not receive any proceeds from the Secondary Offering and consequently, there was no cash flow impact to the accompanying Statements of Cash Flows. Tax Receivable Agreements At the time of the IPO, RE/MAX Holdings entered into separate tax receivable agreements (“TRAs”) with its historical owners, RIHI and Weston Presidio, that provide for the payment by RE/MAX Holdings to RIHI and Weston Presidio of 85% of the amount of cash savings, if any, in U.S. federal, state and local income tax or franchise tax that RE/MAX Holdings actually realizes, or in some circumstances is deemed to realize, as a result of an increase in its share of tax basis in RMCO’s tangible and intangible assets, including increases attributable to payments made under the TRAs, and deductions attributable to imputed and actual interest that accrues in respect of such payments. These tax benefit payments are not necessarily conditioned upon one or more of RIHI or Weston Presidio maintaining a continued ownership interest in either RMCO or RE/MAX Holdings. RE/MAX Holdings expects to benefit from the remaining 15% of cash savings, if any, that it may actually realize, which has been reflected as an increase in “Additional paid-in capital” in the accompanying Consolidated Balance Sheets and Consolidated Statements of Redeemable Preferred Units and Stockholders’ Equity/Members’ Deficit. The provisions of the separate TRAs that RE/MAX Holdings entered into with RIHI and Weston Presidio were substantially identical. During the second quarter of 2015, Weston Presidio assigned, transferred and conveyed to Oberndorf Investments LLC (“Oberndorf”) all of its rights, title and interest in and to, and all of its liabilities and obligations under, the TRA dated as of October 7, 2013 by and between RE/MAX Holdings and Weston Presidio. In connection therewith, the Company entered into a joinder to the TRA on May 29, 2015 with Western Presidio and Oberndorf (the “Joinder Agreement”). Neither the assignment and transfer nor the Joinder Agreement impacted the financial position, results of operations or cash flows of the Company. Management Services Agreement In connection with the completion of the IPO, RMCO entered into a management services agreement with RE/MAX Holdings pursuant to which RE/MAX Holdings agrees to provide certain specific management services to RMCO. In exchange for the services provided, RMCO reimburses RE/MAX Holdings for compensation and other expenses of RE/MAX Holdings’ officers and employees and for certain out-of-pocket costs. RMCO also provides administrative and support services to RE/MAX Holdings, such as office facilities, equipment, supplies, payroll and accounting and financial reporting. The management services agreement further provides that employees of RE/MAX Holdings may participate in RMCO’s benefit plans, and that RMCO’s employees may be entitled to compensation in the form of equity awards issued by RE/MAX Holdings. RMCO indemnifies RE/MAX Holdings for any losses arising from its performance under the management services agreement, except that RE/MAX Holdings indemnifies RMCO for any losses caused by willful misconduct or gross negligence. Basis of Presentation The accompanying consolidated financial statements and notes thereto included in this Annual Report on Form 10-K have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and with Article 10 of Regulation S-X. As RE/MAX Holdings and RMCO were under the common control of RIHI at the time of the Reorganization Transactions, the transfer of control to RE/MAX Holdings was accounted for as a transaction among entities under common control, which resulted in the following impacts to the consolidated financial statements: · Balance Sheets —The assets, liabilities and equity of RMCO and RE/MAX Holdings are consolidated and presented at their historical carrying values; · Statements of Income —The Consolidated Statements of Income include the historical Consolidated Statements of Income of RMCO consolidated with the Statements of Income of RE/MAX Holdings; · Statements of Comprehensive Income —The Consolidated Statements of Comprehensive Income include the historical Consolidated Statements of Comprehensive Income of RMCO consolidated with the Statements of Comprehensive Income of RE/MAX Holdings; · Statements of Redeemable Preferred Units and Stockholders' Equity/Members’ Deficit —Prior to the Reorganization Transactions and IPO, RMCO and its subsidiaries were organized as a group of Limited Liabilities Companies. The ownership interest of both RIHI and Weston Presidio in RMCO are reflected as redeemable preferred units and members’ deficit prior to the IPO. As a result of the Reorganization Transactions and IPO, RIHI retained a portion of its interest in RMCO directly through the ownership of RMCO Common Units and these interests are included within non-controlling interest subsequent to the IPO; and · Statements of Cash Flows— The Statements of Cash Flows include the historical Consolidated Statements of Cash Flows of RMCO consolidated with the Statements of Cash Flows of RE/MAX Holdings. The aforementioned consolidated financial statements are presented on a consolidated basis and include the accounts of RE/MAX Holdings and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Principles of Consolidation As described in Note 1, Business and Organization , RE/MAX Holdings holds an approximate 60% economic interest in RMCO, but as its managing member consolidates RMCO and records a non-controlling interest in the accompanying Consolidated Balance Sheets and records net income attributable to the non-controlling interest and comprehensive income attributable to the non-controlling interest in the accompanying Consolidated Statements of Income and Consolidated Statements of Comprehensive Income, respectively. Use of Estimates The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas in which management uses assumptions include, among other things, the establishment of the allowance for doubtful trade accounts and notes receivable, the determination of the estimated lives of intangible assets, the estimates for amounts accrued for litigation matters, the fair value of lease guarantees, the estimates of the fair value of reporting units used in the annual assessment of goodwill, the fair value of assets acquired and the amounts due to RIHI and Oberndorf pursuant to the terms of the TRAs discussed in more detail in Note 3, Non-controlling Interest . Actual results could differ from those estimates. Segment Reporting The Company reports its operations in two reportable segments: (1) Real Estate Franchise Services and (2) Brokerages. The Company’s Real Estate Franchise Services reportable segment comprises the operations of the Company’s owned and independent global franchising operations under the RE/MAX brand name, intersegment revenue from the Company’s owned brokerages and the Company’s corporate-wide professional services expenses. The Company’s Brokerages reportable segment includes the operations of the Company’s owned brokerage offices, the results of operations of a mortgage brokerage company in which the Company owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entries. The Company’s reportable segments represent the Company’s operating segments for which separate financial information is available and which is utilized on a regular basis by management of the Company to assess performance and to allocate resources. See Note 18, Segment Information , for a description of changes to the Company’s segment structure that occurred during 2014 as well as in the first quarter of 2016. Revenue Recognition The Company generates revenue from continuing franchise fees, annual dues, broker fees, franchise sales and other franchise revenue and brokerage revenue. Revenue is recognized when there is persuasive evidence of an arrangement, the service has been rendered, the price is fixed or determinable and collection of the fees is reasonably assured. Continuing Franchise Fees The Company provides an ongoing trademark license, operational, training and administrative services and systems to franchisees, which include systems and tools that are designed to help the Company’s franchisees and their agents serve their customers and attract new or retain existing independent agents. Revenue from continuing franchise fees principally consists of fixed fees earned monthly from franchisees on a per agent basis. Revenue from continuing franchise fees is recognized in income when it is earned and becomes due and payable, as stipulated in the related franchise agreements. Annual Dues Annual dues revenue represents amounts assessed to agents for membership affiliation in the RE/MAX network. The Company defers the annual dues revenue when billed and recognizes the revenue ratably over the 12 -month period to which it relates. As of December 31, 2015 and 2014, the Company had deferred annual dues revenue totaling approximately $13,106,000 and $12,912,000 , respectively. The activity in the Company’s annual dues deferred revenue consists of the following (in thousands): Balance at beginning of period New billings Revenue recognized Balance at end of period Year ended December 31, 2015 $ $ $ $ Year ended December 31, 2014 Year ended December 31, 2013 Broker Fees Revenue from broker fees represents fees received from the Company’s franchise offices that are primarily based on a percentage of agents’ gross commission income. Revenue from broker fees is determined upon close of the home-sale transaction and recognized as revenue when the fees become due and payable, as stipulated in the related franchise agreements. Franchise Sales and Other Franchise Revenue Franchise sales and other franchise revenue is primarily comprised of revenue from the sale or renewal of franchises, as well as other revenue including revenue from preferred marketing arrangements and affinity programs with various suppliers, and registration revenue from conventions held for agents and broker owners in the RE/MAX network. Upon the sale of a real estate brokerage franchise, the Company recognizes revenue from franchise sales when it has no significant continuing operational obligations, substantially all of the initial services have been performed by the Company and other conditions affecting consummation of the sale have been met. In the event the franchisee fails to perform under the franchise agreement or defaults on the purchase obligations, the Company has the right to reacquire the franchise and to resell or operate that specific franchise. Franchise sales revenue recognized during the years ended December 31, 2015, 2014, and 2013 was $9,697,000 , $8,965,000 and $9,014,000 , respectively. Other franchise revenue is recognized when all revenue recognition criteria are met. Brokerage Revenue Brokerage revenue principally represents fees assessed by the Company-owned brokerages for services provided to their affiliated real estate agents. The Company recognizes brokerage revenue when all revenue recognition criteria are met. Because the independent contractors in the Company-owned brokerage offices operate as agents in a real estate transaction, their commissions earned and the related commission expenses incurred by the Company-owned brokerages are recorded on a net basis. Selling, Operating and Administrative Expenses Selling, operating and administrative expenses primarily consist of personnel costs, including salaries, benefits, payroll taxes and other compensation expenses, professional fees, rent and related facility operations expense, as well as other selling, operating and administrative expenses incurred in connection with marketing, expanding and supporting the Company’s franchise and brokerage operations. Cash and Cash Equivalents Cash and cash equivalents include bank deposits, money market funds and other highly liquid investments purchased with an original purchase maturity of three months or less. Escrow Cash—Restricted and Escrow Liabilities Escrow cash—restricted and escrow liabilities in the accompanying Consolidated Balance Sheets as of December 31, 2014 reflect cash deposits received and held in escrow on pending sales of real estate properties prior to closing. Accounts and Notes Receivable Trade accounts receivable from the Company’s franchise operations are recorded at the time the Company is entitled to bill under the terms of the franchise agreements and other contractual arrangements and do not bear interest. The Company provides limited financing of certain franchise sales through the issuance of notes receivable that either bear interest at a rate of prime plus 2% or at a stated amount, which is fixed at the inception of the note with the associated earnings recorded in “Interest income” in the accompanying Consolidated Statements of Income. Amounts collected on notes receivable are included in “Net cash provided by operating activities” in the accompanying Consolidated Statements of Cash Flows. In circumstances where the Company has the contractual right to bill its franchisees, but where collectability is not sufficiently assured, the Company records a receivable and deferred revenue, which amounted to $930,000 and $917,000 as of December 31, 2015 and 2014, respectively. The Company records allowances against its accounts and notes receivable balances for estimated probable losses. Increases and decreases in the allowance for doubtful accounts are established based upon changes in the credit quality of receivables for which revenue has been recognized and are included as a component of “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income. The allowance for doubtful accounts and notes receivable are the Company’s best estimate of the amount of probable credit losses, and is based on historical experience, industry and general economic conditions, and the attributes of specific accounts. The Company’s reserve for accounts and notes receivable where collectability is remote is related to accounts and notes receivable for which revenue has not been recognized and is increased, with a corresponding reduction to deferred revenue, after the Company has determined that the potential for recovery is considered remote. Subsequently, if amounts contractually due from such accounts are collected, revenue is recognized on a cash basis. During the years ended December 31, 2015, 2014 and 2013, the Company recognized revenue of $472,000 , $484,000 and $596,000 , respectively upon the receipt of cash payments related to amounts that were contractually billed but for which collectability was either not sufficiently assured or considered remote. The activity in the Company’s allowances against accounts and notes receivable consists of the following (in thousands): Adjustments (to)/from Additions/charges deferred revenue, net, Balance at to cost and expense for for accounts where beginning of period allowances for doubtful accounts collectability is remote Deductions/write-offs Balance at end of period Year ended December 31, 2015 $ $ $ $ $ Year ended December 31, 2014 Year ended December 31, 2013 For the years ended December 31, 2015, 2014 and 2013, bad debt expense related to trade accounts and notes receivable was $433,000 , $630,000 and $604,000 , respectively, and is reflected in “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income. Foreign Operations and Foreign Currency Translation As of December 31, 2015, the Company, directly and through its franchisees, conducted operations in the U.S., Canada and 96 other countries . On December 31, 2014, the Company sold substantially all of the assets of its owned and operated regional franchising operations located in the Caribbean and Central America as described in Note 5, Acquisitions and Dispositions . As a result, since December 31, 2014, the only consolidated foreign subsidiary where the Company directly conducted franchise operations was in Western Canada. The functional currency for the Company’s domestic operations is the U.S. dollar and for its consolidated foreign subsidiaries is the applicable local currency for each foreign subsidiary. Assets and liabilities of foreign subsidiaries are translated at the spot rate in effect at the applicable reporting date, and the consolidated statements of income and cash flows are translated at the average exchange rates in effect during the applicable period. Exchange rate fluctuations on translating consolidated foreign currency financial statements into U.S. dollars that result in unrealized gains or losses are referred to as translation adjustments. Cumulative translation adjustments are recorded as a component of “Accumulated other comprehensive income,” a separate component of stockholders’ equity/member’s deficit, and periodic changes are included in comprehensive income. When the Company sells a part or all of its investment in a foreign entity resulting in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided, it releases any related cumulative translation adjustment into net income. Foreign currency denominated monetary assets and liabilities and transactions occurring in currencies other than the Company’s or the Company’s consolidated foreign subsidiaries’ functional currencies are recorded based on exchange rates at the time such transactions arise. Changes in exchange rates with respect to amounts recorded in the accompanying Consolidated Balance Sheets related to these non-functional currency transactions result in transaction gains and losses that are reflected in the accompanying Consolidated Statements of Income as “Foreign currency transaction losses.” Property and Equipment Property and equipment, including leasehold improvements, are initially recorded at cost. Depreciation is provided for on a straight-line method over the estimated useful lives of each asset class and commences when the property is placed in service. Amortization of leasehold improvements is provided for on a straight-line method over the estimated benefit period of the related assets or the lease term, if shorter. Franchise Agreements and Other Intangible Assets The Company’s franchise agreements result from reacquired franchise rights, and are initially recorded based on the remaining contractual term of the franchise agreement and do not consider potential renewals in the determination of fair value. The Company amortizes the franchise agreements over their remaining contractual term on a straight-line basis. The Company also purchases and develops software for internal use. Software development costs incurred during the application development stage as well as upgrades and enhancements that result in additional functionality are capitalized. Costs incurred during the preliminary project and post-implementation-operation stages are expensed as incurred. Software development costs are generally amortized over a term of three to five years, its estimated useful life. Purchased software licenses are amortized over their estimated useful lives. In addition, the Company owns the principal trademarks, service marks and trade names that it uses in conjunction with operating its business. These intangible assets increase when the Company pays to file trademark applications in the U.S. and certain other jurisdictions globally. The Company’s trademarks are amortized on a straight-line basis over their estimated useful lives. The Company reviews its franchise agreements and other intangible assets subject to amortization for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated from such asset. Any excess of the carrying amount of an asset that exceeded its estimated cash flows would be charged to operations as an impairment loss. For each of the years ended December 31, 2015, 2014 and 2013, there were no impairments indicated for such assets. Goodwill Goodwill is an asset representing the future economic benefits arising from the other assets acquired in a business combination that are not individually identified and separately recognized. The Company assesses goodwill for impairment at least annually or whenever an event occurs or circumstances change that would indicate impairment may have occurred at the reporting unit level. Reporting units are driven by the level at which management reviews operating results and are one level below the operating segment. The Company performs its required impairment testing annually on August 31. The Company’s impairment assessment begins with a qualitative assessment to determine if it is more likely than not that a reporting unit’s fair value is less than the carrying amount. The initial qualitative assessment includes comparing the overall financial performance of the reporting units against the planned results as well as other factors which might indicate that the reporting unit’s value has declined since the last assessment date. If it is determined in the qualitative assessment that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the standard two-step quantitative impairment test is performed. The first step of the quantitative impairment test consists of comparing the estimated fair value of each reporting unit with its carrying amount, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying value, then it is not considered impaired and no further analysis is required. If the first step of the quantitative impairment test indicates that the estimated fair value of a reporting unit is less than its carrying value, then impairment potentially exists and the second step of the quantitative impairment test is performed to measure the amount of goodwill impairment. Goodwill impairment exists when the estimated implied fair value of a reporting unit’s goodwill is less than its carrying value. During 2015 and 2014, the Company performed the qualitative impairment assessment for all of its reporting units by evaluating, among other things, market and general economic conditions, entity-specific events, events affecting a reporting unit and the Company’s results of operations and key performance measures. The Company concluded subsequent to the completion of the qualitative impairment assessment that the fair value of each of the Company’s reporting units significantly exceed their respective carrying values. As a result, the Company did not perform the quantitative test, and no indicators of impairment existed during the years ended December 31, 2015 and 2014 . During 2013, the Company performed its annual assessment of goodwill utilizing the quantitative impairment test and the fair value of the Company’s reporting units significantly exceeded the carrying value. Thus, no indicators of impairment existed during the year ended December 31, 2013. Investments in Equity-Method Investees The investments in entities in which the Company does not have a controlling interest (financial or operating), but where it has the ability to exercise significant influence over operating and financial policies are accounted for using equity-method investment accounting. The primary equity-method investment of the Company is a 50% interest in a residential mortgage operation and is recorded as “Investments in equity method investees” in the accompanying Consolidated Balance Sheets as of December 31, 2014. As the Company exerts significant influence over this investment, but does not control it, the Company records its share of earnings and distributions from this investment using the equity method of accounting. The excess of cost of the investment over the Company’s share of the investee’s net assets at the acquisition date is considered to be goodwill. The Company would recognize an impairment loss when there is a loss in value in the equity-method investment, which is other than temporary. The Company’s investment in equity method investees and related equity in earnings of investees is entirely attributable to the Brokerages reportable segment. As described in Note 5, Acquisitions and Dispositions , the Company sold certain operating assets and liabilities of Sacajawea, LLC on December 31, 2015, including the Company’s equity-method investments. As a result, the Company had no “Investments in equity-method investees” reflected in the accompanying Consolidated Balance Sheets as of December 31, 2015. Fair Value Measurements The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: · Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. · Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. · Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The carrying amounts for many of the Company’s financial instruments, including cash and cash equivalents, escrow cash – restricted, accounts receivable and notes receivable, accounts payable and escrow liabilities approximate fair value due to their short maturities. The estimated fair value of the Company’s debt represents the amounts that would be paid to transfer or redeem the debt in an orderly transaction between market participants and maximizes the use of observable inputs. For disclosures related to the fair value measurement of the Company’s debt, see Note 9, Debt. No non-recurring fair value adjustments were recorded during the years ended December 31, 2015 and 2014 . Income Taxes The Company accounts for income taxes under the asset and liability method prescribed by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 740, Income Taxes . As a result of RE/MAX Holdings’ acquisition of Common Units from RMCO, RE/MAX Holdings expects to benefit from amortization and other tax deductions reflecting the step-up in tax basis and share of RE/MAX Holdings’ inside tax basis in the acquired assets. Those deductions will be used by RE/MAX Holdings and will be taken into account in determining RE/MAX Holdings’ taxable income. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Management periodically assesses the recoverability of its deferred tax assets based upon expected future earnings, future deductibility of the asset, changes in applicable tax laws and other factors. If management determines that it is not probable that the deferred tax asset will be fully recoverable in the future, a valuation allowance may be established for the difference between the asset balance and the amount expected to be recoverable in the future. The allowance will result in a charge to the Company’s Consolidated Statements of Income. Further, the Company records its income taxes receivable and payable based upon its estimated income tax liability. RMCO complies with the requirements of the Internal Revenue Code that are applicable to limited liability companies that have elected to be treated as partnerships, which allow for the complete pass-through of taxable income or losses to RMCO’s unitholders, who are individually responsible for any federal tax consequences. Therefore, no federal tax provision was recorded in RMCO’s consolidated financial statements in the periods prior to October 7, 2013. Subsequently, the tax provision includes the federal income tax obligation related to RE/MAX Holdings’ allocated portion of RMCO’s income. RMCO is subject to certain state and local taxes, and its global subsidiaries are subject to tax in certain jurisdictions. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. Equity-Based Compensation The Company recognizes compensation expense associated with equity-based compensation as a component of “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income. All equity-based compensation is required to be measured at fair value, is expensed over the requisite service period and requires an estimate of forfeitures when calculating compensation expense. The Company recognizes compensation expense on awards on a straight-line basis over the requisite service period for the entire award. Refer to Note 12, Equity-Based Compensation, for additional discussion regarding details of the Company’s equity-based compensation plans. Recent Accounting Pronouncements Under the Jumpstart Our Business Startups Act (“JOBS Act”), the Company meets the definition of an emerging growth company. The Company has irrevocably elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In November 2015, the FASB issued Accounting Standards Update (“ASU”) 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, which requires that deferred tax assets and liabilities be classified as non-current in a classified balance sheet. ASU 2015-17 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2016. The standard permits the use of either the retrospective or prospective transition method. The adoption of this standard is expected to impact the presentation of current and non-current deferred tax assets and liabilities within the Company’s consolidated balance sheets and related disclosures, but will not affect the Company’s consolidated results of operations. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting Measurement-Period Adjustments , which eliminates the requirement for an entity to retrospectively adjust the financial statements for measurement-period adjustments that occur in periods after a business combination is completed. ASU 2015-16 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. The adoption of this standard is not expected to have a significant impact on the Company’s consolidated financial statements and related disclosures. In June 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements , which both clarifies and simplifies content in the FASB Accounting Standards Codification and corrects unintended application of U.S. GAAP. ASU 2015-10 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. The adoption of this standard is not expected to have a significant impact on the Company’s consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU 2015-05, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement , which provides guidance on fees paid in a cloud computing arrangement and clarifies the accounting for a software license element of a cloud computing arrangement. ASU 2015-05 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. The standard permits the use of either the retrospective or prospective transition method. The adoption of this standard is not expected to have a significant impact on the Company’s consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs , which requires an entity to present debt issuance costs related to a debt liability as a direct deduction from the debt liability rather than as an asset. ASU 2015-03 is effective retrospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. The adoption of this standard is expected to impact the presentation of certain financial statement line items within the Company’s consolidated balance sheets and related disclosures, but will not affect the Company’s consolidated results of operations. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , which defers the effective date of the guidance in ASU 2014-09 by one year. ASU 2014-09 is now effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2017. Early application is permitted for annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The standard permits the use of either the retrospective or cumulative effect transition method. The Company has not yet selected a transition method nor has it determined the effect of the standard on its consolidated financial statements and related disclosures. In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity . ASU 2014-08 limits discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results. ASU 2014-08 also provides guidance on the financial statement presentation and disclosures of discontinued operations. ASU 2014-08 became effective prospectively for the Company on January 1, 2015 and dispositions that occurred during 2015 did not qualify as discontinued operations. See Note 5, Acquisitions and Dispositions , for additional information.

Non-controlling Interest

Non-controlling Interest	12 Months Ended
	Dec. 31, 2015
Noncontrolling Interest
Non-controlling Interest	3. Non-controlling Interest RE/MAX Holdings is the sole managing member of RMCO and subsequent to the IPO, began to operate and control all of the business affairs of RMCO. As a result, RE/MAX Holdings began to consolidate RMCO on October 7, 2013 and because RE/MAX Holdings and RMCO are entities under common control, such consolidation has been reflected for all periods presented. RE/MAX Holdings owns a 58.33% and 39.89% economic interest in RMCO as of December 31, 2015 and 2014, respectively, and records a non-controlling interest for the remaining 41.67% and 60.11% economic interest in RMCO held by RIHI as of December 31, 2015 and 2014, respectively. RE/MAX Holdings’ economic interest in RMCO increased due to the increase in common units from the issuance of shares of Class A common stock as a result of the Secondary Offering described in Note 1, Business and Organization , upon the exercise of 624,443 stock options, upon the vesting of 14,866 restricted stock units and as a result of the grant of 2,001 shares, net of shares withheld and cancelled to cover the Company’s minimum statutory tax withholding obligation. See Note 12, Equity-Based Compensation, for further details. RE/MAX Holdings’ only sources of cash flow from operations are distributions from RMCO and management fees received pursuant to the management services agreement between RE/MAX Holdings and RMCO. “Net income attributable to non-controlling interest” in the accompanying Consolidated Statements of Income represents the portion of earnings attributable to the economic interest in RMCO held by the non-controlling unitholders. As of October 7, 2013, “Non-controlling interest” in the accompanying Consolidated Balance Sheets represented the carryover basis of RIHI’s capital account in RMCO. Prospectively, the non-controlling interest will be adjusted to reflect tax and other cash distributions made to, and the income allocated to, the non-controlling unitholders as well as future redemptions of Common Units in RMCO pursuant to the New RMCO, LLC Agreement. The ownership of the common units in RMCO is summarized as follows: As of December 31, 2015 2014 Shares Ownership % Shares Ownership % Non-controlling unitholders ownership of common units in RMCO % % RE/MAX Holdings, Inc. outstanding Class A common stock (equal to RE/MAX Holdings, Inc. common units in RMCO) % % Total common units in RMCO % 29,502,641 % The weighted average ownership percentages for the applicable reporting period are used to calculate the net income attributable to RE/MAX Holdings. A reconciliation from “Income before provision for income taxes” to “Net income attributable to RE/MAX Holdings, Inc.” for the periods indicated is detailed as follows (in thousands, except percentages): Period from Year Ended Year Ended October 7 through December 31, 2015 December 31, 2014 December 31, 2013 Income before provision for income taxes attributable to RE/MAX Holdings, Inc. $ $ $ Provision for income taxes attributable to RE/MAX Holdings, Inc. Net income attributable to RE/MAX Holdings, Inc. $ $ $ A reconciliation of the “Provision for income taxes” for the periods indicated is detailed as follows (in thousands): Period from Year Ended Year Ended October 7 through December 31, 2015 December 31, 2014 December 31, 2013 Provision for income taxes attributable to RE/MAX Holdings, Inc. (a) $ $ $ Provision for income taxes attributable to entities other than RE/MAX Holdings, Inc. (b) Provision for income taxes $ $ $ (a) The provision for income taxes attributable to RE/MAX Holdings includes all U.S. federal and state income taxes as well as RE/MAX Holdings’ proportionate share of the net assets of RMCO of the taxes imposed directly on RE/MAX, LLC, a wholly-owned subsidiary of RMCO, related to tax liabilities in certain foreign jurisdictions of approximately $1,280,000 and $1,339,000 for the years ended December 31, 2015 and 2014, respectively, and $120,000 for the period from October 7, 2013 through December 31, 2013. (b) The provision for income taxes attributable to entities other than RE/MAX Holdings represents primarily taxes imposed directly on RE/MAX, LLC related to tax liabilities in certain foreign jurisdictions that are allocated to the non-controlling interest. Distributions and Other Payments to Non-controlling Unitholders Distributions for Taxes As a limited liability company (treated as a partnership for income tax purposes), RMCO does not incur significant federal, state or local income taxes, as these taxes are primarily the obligations of its members. As authorized by New RMCO, LLC Agreement, RMCO is generally required to distribute cash on a pro-rata basis to its members to the extent necessary to cover each member’s estimated tax liabilities, if any, with respect to their allocable share of RMCO earnings, but only to the extent that any other discretionary distributions from RMCO for the relevant period were otherwise insufficient to enable each member to cover its estimated tax liabilities. RMCO makes such tax distributions to its members based on an estimated tax rate stipulated in the New RMCO, LLC Agreement, which was calculated at 46.2% for RMCO’s 2015 tax year. During the year ended December 31, 2015, the amount of other discretionary distributions RMCO made to non-controlling unitholders was sufficient to cover such member’s estimated tax liabilities. Distributions for taxes paid to or on behalf of non-controlling unitholders under the New RMCO, LLC Agreement were $17,765,000 during the year ended December 31, 2014, and are recorded in “Non-controlling interest” in the accompanying Consolidated Balance Sheets and Consolidated Statement of Redeemable Preferred Units and Stockholders’ Equity/Members’ Equity and reported in “Distributions paid to non-controlling unitholders” in the accompanying Consolidated Statements of Cash Flows. For the year ended December 31, 2013, distributions for taxes to RMCO’s non-controlling unitholders were also required, but calculated differently, in accordance with the Old RMCO, LLC Agreement and were $19,614,000 . Upon completion of its tax returns with respect to the prior year, RMCO may make other discretionary true-up distributions to its members, if cash is available for such purposes, with respect to actual taxable income for the prior year. Other Discretionary Distributions Discretionary cash distributions may also be made to non-controlling unitholders based on their ownership percentage in RMCO as determined in accordance with the New RMCO, LLC Agreement. The Company expects that future cash distributions will be made to non-controlling unitholders pro-rata on a quarterly basis equal to the anticipated dividend payments to the stockholders of the Company’s Class A common stock, or otherwise on a discretionary basis as determined to be necessary or appropriate by the Company. The Company made other distributions to non-controlling unitholders of $42,827,000 during the year ended December 31, 2015, which is recorded in “Non-controlling interest” in the accompanying Consolidated Balance Sheets and Consolidated Statement of Redeemable Preferred Units and Stockholders’ Equity/Members’ Deficit and reported in “Distributions paid to non-controlling unitholders” in the accompanying Consolidated Statements of Cash Flows. Of this amount, $35,469,000 related to dividend distributions as discussed in Note 4, Earnings Per Share and Dividends , and $7,358,000 was a discretionary distribution paid in connection with the terms of the New RMCO, LLC Agreement. During the year ended December 31, 2014, the Company made other distributions to non-controlling unitholders of $4,432,000 . Discretionary cash distributions were also required to be made to non-controlling unitholders in accordance with the Old RMCO, LLC Agreement in an amount equal to the lesser of (1) the amount of excess cash flow payment required to be paid as a mandatory prepayment pursuant to the Company’s previous senior secured credit facility and (2) $8,000,000 . Other distributions paid to non-controlling unitholders during the year ended December 31, 2013 was $8,000,000 . On February 24, 2016, the Company declared a distribution to non-controlling unitholders of $1,884,000 , which is payable on March 23, 2016. No other distributions were paid to non-controlling unitholders during the years ended December, 2015, 2014 and 2013. Payments Pursuant to the Tax Receivable Agreements As of December 31, 2015, the Company reflected a liabilit y of $100,035,000 , representing the payments due to RIHI and Oberndorf under the terms of the TRAs (see current and non-current portion of “Payable pursuant to tax receivable agreements” in the accompanying Consolidated Balance Sheets). Of this amount, $33,018,000 was recorded during 2015 in connection with the Secondary Offering. As of December 31, 2015, the Company estimates that amounts payable pursuant to the TRAs within the next 12 -mont h period will be approximately $8,478,000 , of which $3,848,000 is related to RE/MAX Holdings’ 2014 federal and state tax returns and the remainder is related to RE/MAX Holdings’ 2015 federal and state tax returns. To determine the current amount of the payments due to RIHI and Oberndorf, the Company estimated the amount of taxable income that RE/MAX Holdings generated during 2015 and 2014 as well as the amount of the specified deductions subject to the TRAs which were realized by RE/MAX Holdings in its 2015 and 2014 federal and state tax returns. This amount was then used as a basis for determining the Company’s increase in estimated tax cash savings as a result of such deductions on which a current TRA obligation became due (i.e. payable within 12 months of the Company’s year-end). These calculations are performed pursuant to the terms of the TRAs. The Company paid $0 and $986,000 pursuant to the terms of the TRAs during the years ended December 31, 2015 and 2014, respectively. On February 17, 2016, the Company paid $1,344,000 pursuant to the TRAs. The timing and amount of the payments to be made under the TRAs are subject to certain contingencies, including RE/MAX Holdings having sufficient taxable income to utilize all of the tax benefits defined in the TRAs. If the Company elects to terminate the TRAs early, the Company would be required to make an immediate cash payment equal to the present value of the anticipated future tax benefits that are the subject of the TRAs, which payment may be made significantly in advance of the actual realization, if any, of such future tax benefits. Obligations pursuant to the TRAs are obligations of RE/MAX Holdings. They do not impact the non-controlling interest. These obligations are not income tax obligations and have no impact on the “Provision for income taxes” in the accompanying Consolidated Statements of Income. In general, items of income, gain, loss and deduction are allocated on the basis of the members’ ownership interests pursuant to the New RMCO, LLC Agreement after taking into consideration all relevant sections of the Internal Revenue Code.

Earnings Per Share and Dividend

Earnings Per Share and Dividends	12 Months Ended
	Dec. 31, 2015
Earnings Per Share and Dividends
Earnings Per Share and Dividends	4. Earnings Per Share and Dividends Earnings Per Share Basic earnings per share (“EPS”) measures the performance of an entity over the reporting period. Diluted EPS measures the performance of an entity over the reporting period while giving effect to all potentially dilutive common shares that were outstanding during the period. The treasury stock method is used to determine the dilutive potential of stock options and restricted stock units. The following is a reconciliation of the numerator and denominator used in the basic and diluted EPS calculations (in thousands, except shares and per share information): Period from Year Ended Year Ended October 7 through December 31, 2015 December 31, 2014 December 31, 2013 Numerator Net income attributable to RE/MAX Holdings, Inc. $ $ $ Denominator for basic net income per share of Class A common stock Weighted average shares of Class A common stock outstanding Denominator for diluted net income per share of Class A common stock Weighted average shares of Class A common stock outstanding Add dilutive effect of the following: Stock options Restricted stock units Weighted average shares of Class A common stock outstanding, diluted Earnings per share of Class A common stock Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic $ $ $ Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted $ $ $ EPS information is not applicable for reporting periods prior to the completion of the IPO which became effective on October 7, 2013. The one share of Class B common stock outstanding does not share in the earnings of RE/MAX Holdings and is therefore not a participating security. Accordingly, basic and diluted net income per share of Class B common stock has not been presented. Dividends Dividends declared and paid to holders of the Company’s Class A common stock during the years ended December 31, 2015 and 2014 were $24,003,000 and $2,901,000 , respectively. Dividends declared and paid quarterly per share on all outstanding shares of Class A common stock by the Company’s Board of Directors during years ended December 31, 2015 and 2014 were as follows: Year Ended December 31, 2015 2014 Per share Date paid Per share Date paid Dividend declared during quarter ended: March 31 $ April 8, 2015 $ April 18, 2014 June 30 June 4, 2015 June 5, 2014 September 30 September 3, 2015 September 3, 2014 December 31 November 27, 2015 December 4, 2014 $ $ No dividends were declared or paid during the year ended December 31, 2013. On February 24, 2016, the Company’s Board of Directors declared a quarterly dividend of $0.15 per share on all outstanding shares of Class A common stock, which is payable on March 23, 2016 to stockholders of record at the close of business on March 9, 2016.

Acquisitions and Dispositions

Acquisitions and Dispositions	12 Months Ended
	Dec. 31, 2015
Acquisitions and Dispositions [Abstract]
Acquisitions and Dispositions	5. Acquisitions and Dispositions Acquisitions Acquisition of HBN and Tails In connection with the IPO effective October 7, 2013, RE/MAX Holdings acquired the net assets, excluding cash, of HBN and Tails for consideration paid of $7,130,000 and $20,175,000 , respectively and contributed the assets to RMCO in order to expand RMCO’s owned and operated regional franchising operations in the Southwest and Central Atlantic regions of the U.S. Prior to the acquisitions, HBN and Tails were owned in part by related parties, but were not under common control with RE/MAX Holdings and RMCO. As a result, the assets acquired constitute businesses that were accounted for using the fair value acquisition method, and the total purchase price was allocated to the assets acquired and liabilities assumed based on their estimated fair values. The excess of the total purchase price over the fair value of the identifiable assets acquired and liabilities assumed was recorded as goodwill. The goodwill recognized for HBN and Tails is attributable to expected synergies and projected long term revenue growth and relates entirely to the Real Estate Franchise Services reportable segment. Purchase Price Allocation The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the acquisition date (in thousands): HBN Tails Total Accounts and notes receivable, net $ $ $ Other current assets Franchise agreements Goodwill Other assets — Accrued liabilities Total purchase price $ $ $ The valuation of acquired regional franchise agreements was derived using primarily unobservable Level 3 inputs, which require significant management judgment and estimation. The regional franchise agreements acquired were valued using an income approach and are being amortized over the remaining contractual term of approximately 14 years using the straight-line method. For the remaining assets acquired, fair value approximated carrying value. Unaudited Pro Forma Financial Information The following unaudited pro forma financial information reflects the consolidated results of operations of the Company as if the acquisitions of HBN, Tails and RE/MAX of Texas had occurred on January 1, 2012. The historical financial information has been adjusted to give effect to events that are (1) directly attributed to the acquisition, (2) factually supportable and (3) expected to have a continuing impact on the combined results. Such items include interest expense related to debt issued to fund the acquisition of RE/MAX of Texas as well as additional amortization expense associated with the valuation of the acquired franchise agreement. This unaudited pro forma information should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the acquisition had actually occurred on that date, nor of the results that may be obtained in the future. Year Ended December 31, 2013 (unaudited) (in thousands) Total revenue $ Net income Dispositions Disposition of Sacajawea, LLC d/b/a RE/MAX Equity Group On December 31, 2015, the Company sold certain operating assets and liabilities related to 12 owned brokerage offices located in the U.S., of Sacajawea, LLC d/b/a RE/MAX Equity Group (“RE/MAX Equity Group”), a wholly owned subsidiary of the Company. The Company recognized a gain on the sale of the assets of approximately $2,794,000 during the fourth quarter of 2015, which is reflected in “(Gain) loss on sale or disposition of assets, net” in the accompanying Consolidated Statements of Income. In connection with this sale, the Company transferred separate office franchise agreements to the purchaser, under which the Company will receive ongoing monthly continuing franchise fees, broker fees and franchise sales revenue. The financial position and results of operations of RE/MAX Equity Group were entirely attributable to the Company’s Brokerages reportable segment. Disposition of RB2B, LLC d/b/a RE/MAX 100 On April 10, 2015, the Company sold certain operating assets and liabilities related to six owned brokerage offices located in the U.S., of RB2B, LLC d/b/a RE/MAX 100 (“RE/MAX 100”), a wholly owned subsidiary of the Company. The Company recognized a gain on the sale of the assets and the liabilities transferred of $615,000 during the second quarter of 2015, which is reflected in “(Gain) loss on sale or disposition of assets, net” in the accompanying Consolidated Statements of Income. In connection with this sale, the Company transferred separate office franchise agreements to the purchaser, under which the Company will receive ongoing monthly continuing franchise fees, broker fees and franchise sales revenue. The financial position and results of operations of RE/MAX 100 were entirely attributable to the Company’s Brokerages reportable segment. Disposition of RE/MAX Caribbean Islands, Inc. On December 31, 2014, the Company sold substantially all of the assets of its owned and operated regional franchising operations located in the Caribbean and Central America for a net purchase price of approximately $100,000 and recognized a gain on the sale of the assets of approximately $12,000 which is reflected in “(Gain) loss on sale or disposition of assets, net” in the accompanying Consolidated Statements of Income. In connection with the sale of the assets, the Company entered into separate regional franchise agreements effective January 1, 2015 with a term of 20 years with the purchasers, under which the Company will receive ongoing monthly continuing franchise fees, broker fees and franchise sales revenue. The financial position and results of operations of RE/MAX Caribbean Islands, Inc. were entirely attributable to the Company’s Real Estate Franchise Services reportable segment. Subsequent Events Acquisition of RE/MAX of New York, Inc. Effective February 22, 2016, RE/MAX, LLC acquired certain assets of RE/MAX of New York, Inc. (“RE/MAX of New York”), including the regional franchise agreements issued by the Company permitting the sale of RE/MAX franchises in the state of New York. RE/MAX, LLC acquired these assets in order to expand its owned and operated regional franchising operations. The Company used $8,500,000 in cash generated from operations to fund the acquisition. The assets acquired constitute a business that will be accounted for using the fair value acquisition method. The total purchase price will be allocated to the assets acquired based on their estimated fair values. Due to the timing of this acquisition, the Company has not completed a preliminary purchase price allocation. Disposition of STC Northwest, LLC d/b/a RE/MAX Northwest Realtors On January 20, 2016, the Company sold certain operating assets and liabilities related to three owned brokerage offices located in the U.S., of STC Northwest, LLC d/b/a RE/MAX Northwest Realtors (“RE/MAX Northwest”), a wholly owned subsidiary of the Company. The Company expects to recognize a minimal gain on the sale of the assets and the liabilities transferred during the first quarter of 2016, which will be reflected in “(Gain) loss on sale or disposition of assets, net” in the Company’s Consolidated Statements of Income. In connection with this sale, the Company transferred separate office franchise agreements to the purchaser, under which the Company will receive ongoing monthly continuing franchise fees, broker fees and franchise sales revenue. The financial position and results of operations of RE/MAX Northwest were entirely attributable to the Company’s Brokerages reportable segment. As of December 31, 2015, the sale of the assets and liabilities of RE/MAX Northwest met the criteria to be classified as held for sale. The Company presented the assets included in the sale of RE/MAX Northwest and the liabilities directly associated with those assets separately in the accompanying Consolidated Balance Sheets (see “Assets held for sale” and “Liabilities held for sale”). The following table provides the major classes of assets and liabilities held for sale for the period indicated (in thousands): As of December 31, 2015 Assets held for sale Accounts and notes receivable, current portion $ Other current assets Property and equipment, net of accumulated depreciation of $402 Total assets held for sale $ Liabilities held for sale Accounts payable $ Accrued liabilities Deferred revenue and deposits Other current liabilities Other liabilities, net of current portion Total liabilities held for sale $

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2015
Property and Equipment [Abstract]
Property and Equipment	6. Property and Equipment Property and equipment, excluding property and equipment, net of accumulated depreciation of $272,000 classified as held for sale as of December 31, 2015 and presented in “Assets held for sale” in the accompanying Consolidated Balance Sheets, consist of the following (in thousands): As of December 31, Depreciable Life 2015 2014 Leasehold improvements Shorter of estimated useful life or life of lease $ $ Office furniture, fixtures and equipment 2 - 10 years Equipment under capital leases Shorter of estimated useful life or life of lease Less accumulated depreciation $ $ Depreciation expense was $1,045,000 , $1,110,000 and $2,181,000 for the years ended December 31, 2015, 2014 and 2013, respectively.

Intangible Assets and Goodwill

Intangible Assets and Goodwill	12 Months Ended
	Dec. 31, 2015
Intangible Assets and Goodwill
Intangible Assets and Goodwill	7. Intangible Assets and Goodwill The following table provides the components of the Company’s intangible assets (in thousands, except weighted average amortization period in years): Weighted Average As of December 31, 2015 As of December 31, 2014 Amortization Initial Accumulated Net Initial Accumulated Net Period Cost Amortization Balance Cost Amortization Balance Franchise agreements $ $ $ $ $ $ Other intangible assets: Software (a) $ $ $ $ $ $ Trademarks Total other intangible assets $ $ $ $ $ $ (a) As of December 31, 2015 and December 31, 2014, capitalized software development costs of $3,165,000 and $857,000 , respectively, were recorded in “Other intangible assets” in the accompanying Consolidated Balance Sheets. As of these dates, the associated information technology infrastructure projects were not complete and ready for their intended use and thus were not subject to amortization. Amortization expense was $14,079,000 , $14,206,000 and $12,985,000 for the years ended December 31, 2015, 2014 and 2013, respectively. As of December 31, 2015, the estimated future amortization of intangible assets, other than goodwill, is as follows (in thousands): Year ending December 31: 2016 $ 2017 2018 2019 2020 Thereafter $ Amounts recorded as goodwill in the accompanying Consolidated Balance Sheets are attributable to the Real Estate Franchise Services reportable segment. The following table presents changes to goodwill for the years ended December 31, 2015 and 2014 (in thousands): Balance, January 1, 2014 $ Effect of changes in foreign currency exchange rates Balance, December 31, 2014 Effect of changes in foreign currency exchange rates Balance, December 31, 2015 $

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2015
Accrued Liabilities
Accrued Liabilities	8. Accrued Liabilities Accrued liabilities, excluding accrued liabilities of $16,000 classified as held for sale as of December 31, 2015 and presented in “Liabilities held for sale” in the accompanying Consolidated Balance Sheets, consist of the following (in thousands): As of December 31, 2015 2014 Accrued payroll and related employee costs (a) $ $ Accrued property taxes Accrued professional fees Lease-related accruals Other (b) $ $ (a) Accrued payroll and related employee costs include $1,009,000 and $500,000 of accrued severance and benefits expenses as of December 31, 2015 and 2014, respectively, related to the retirement of the Company’s former President on August 19, 2015 and former Chief Executive Officer on December 31, 2014, as discussed in Note 13, Leadership Changes and Restructuring Activities . (b) Other accrued liabilities include $3,251,000 payable in connection with the December 28, 2015 judgment resulting from the litigation matter concerning the Company’s acquisition of the net assets of HBN, as discussed in Note 14, Commitments and Contingencies.

Debt

Debt	12 Months Ended
	Dec. 31, 2015
Debt
Debt	9. Debt Debt consists of the following (in thousands): As of December 31, 2015 2014 2013 Senior Secured Credit Facility, principal of $520 payable quarterly, matures in July 2020, net of unamortized discount of $751 and $360 as of December 31, 2015 and 2014, respectively $ $ Less current portion $ $ Maturities of debt are as follows as of December 31, 2015 (in thousands): Year ending December 31: 2016 $ 2017 2018 2019 2020 $ Senior Secured Credit Facility On April 16, 2010, the Company entered into a credit agreement with several lenders and administered by a bank, collectively referred to herein as the “2010 Senior Secured Credit Facility.” The 2010 Senior Secured Credit Facility consisted of a $215,000,000 term loan facility and a $10,000,000 revolving loan facility. On December 31, 2012, the 2010 Senior Secured Credit Facility was amended, providing for an additional term loan in an aggregate principal amount equal to $45,000,000 . The proceeds were used to fund the acquisition of certain assets of RE/MAX/KEMCO Partnership L.P. d/b/a RE/MAX of Texas. On July 31, 2013, the Company entered into a new credit agreement with several lenders and administered by a bank, referred to herein as the “2013 Senior Secured Credit Facility.” In connection therewith, proceeds received were used to re-pay existing indebtedness pursuant to the 2010 Senior Secured Credit Facility and for working capital, capital expenditures and general corporate purposes. The 2013 Senior Secured Credit Facility consists of a $230,000,000 term loan facility and a $10,000,000 revolving loan facility. The 2010 Senior Secured Credit Facility was, and the 2013 Senior Secured Credit Facility is structured as a loan syndication, whereby several lenders individually loaned specific amounts to the Company and the Company is obligated to repay each individual lender. Therefore, the Company evaluated if the terms of amounts owed to each lender under the 2010 Senior Secured Credit Facility were substantially different than the amounts owed to each lender under the 2013 Senior Secured Credit Facility. For amounts owed to lenders with terms that were substantially different than the 2013 Senior Secured Credit Facility or for lenders that did not participate in the 2013 Senior Secured Credit Facility, the Company accounted for the repayment transaction as early extinguishments of debt and recorded a loss of $1,664,000 during the year ended December 31, 2013 related to unamortized debt discount and issuance costs. For amounts owed to lenders with terms that were not substantially different, the Company accounted for the repayment transaction as a modification. In connection with the 2013 Senior Secured Credit Facility, the Company incurred costs of $3,327,000 , of which $1,345,000 was recorded in “Debt issuance costs, net” in the accompanying Consolidated Balance Sheets and are being amortized to interest expense over the remaining term of the 2013 Senior Secured Credit Facility and the remaining $1,982,000 was expensed as incurred. On March 11, 2015, the 2013 Senior Secured Credit Facility was amended, providing for an increase to the maximum applicable margin for both London Interbank Offered Rate (“LIBOR”) and Alternate Base Rate (“ABR”) loans by 0.25% , and a modification of certain liquidity covenants in order to increase the amounts the Company may distribute in the form of dividends to its non-controlling unitholders and stockholders of its Class A common stock, referred to herein as the “First Amendment.” Interest rates with respect to the amended term loan facility and revolving loan facility are based, at the Company’s option, on (a) adjusted LIBOR, provided that LIBOR shall be no less than 1% plus a maximum applicable margin of 3.25% or (b) ABR, provided that ABR shall be no less than 2% , which is equal to the greater of (1) JPMorgan Chase Bank, N.A.’s prime rate; (2) the Federal Funds Effective Rate plus 0.5% or (3) calculated Eurodollar Rate for a one month interest period plus 1% , plus a maximum applicable margin of 2.25% . The applicable margin is subject to quarterly adjustments based on the Company’s total leverage ratio as defined in the 2013 Senior Secured Credit Facility. The interest rate in effect as of December 31, 2015 was 4.25% . In connection with the First Amendment, the Company incurred costs of $1,086,000 during the year ended December 31, 2015, of which $555,000 was recorded as an unamortized debt discount and are being amortized over the remaining term of the 2013 Senior Secured Credit Facility and the remaining $531,000 was expensed as incurred. The Company is required to make principal payments out of excess cash flow, as defined in the 2013 Senior Secured Credit Facility, as well as from the proceeds of certain asset sales, proceeds from the issuance of indebtedness and from insurance recoveries. The Company made excess cash flow prepayments of $7,320,000 and $14,627,000 during the years ended December 31, 2015 and 2014, respectively. As of December 31, 2015, the Company expects to make an estimated mandatory principal excess cash flow prepayment of $12,727,000 pursuant to the terms of the 2013 Senior Secured Credit Facility within the next 12 -month period. Mandatory principal payments of approximately $520,000 are due quarterly until the facility matures on July 31, 2020 and will be reduced pro-rata by the amount of any excess cash flow principal prepayments made. During the year ended December 31, 2013, the Company made a mandatory principal excess cash flow prepayment of $8,000,000 in accordance with the terms of the 2010 Senior Secured Credit Facility. The Company accounted for the aforementioned mandatory principal excess cash flow prepayments as early extinguishments of debt and recorded a loss during the years ended December 31, 2015, 2014 and 2013 of $94,000 , $178,000 and $134,000 , respectively, related to unamortized debt discount and issuance costs. The Company may make optional prepayments on the term loan facility at any time; however, no such optional prepayments were made during the years ended December 31, 2015, 2014 or 2013. The estimated fair value of the Company’s debt as of December 31, 2015 and 2014 represents the amount that would be paid to transfer or redeem the debt in an orderly transaction between market participants at that date and maximizes the use of observable inputs. The fair value of the Company’s debt was estimated using a market approach based on the amount at the measurement date that the Company would pay to enter into the identical liability, since quoted prices for the Company’s debt instruments are not available. As a result, the Company has classified the fair value of its 2013 Senior Secured Credit Facility as Level 2 of the fair value hierarchy. The carrying amounts of the 2013 Senior Secured Credit Facility are included in the accompanying Consolidated Balance Sheets in “Current portion of debt” and “Debt, net of current portion.” The following table summarizes the carrying values and fair values of the 2013 Senior Secured Credit Facility as of December 31, 2015 and 2014 (in thousands): As of December 31, 2015 2014 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value 2013 Senior Secured Credit Facility $ $ $ $ The 2013 Senior Secured Credit Facility requires compliance with certain operational and financial covenants to the extent the Company has an outstanding balance on its revolving loan facility at the end of each quarter. The Company did not have an outstanding balance on the revolving loan facility as of December 31, 2015 and as such, no covenants were in effect. The Company had no borrowings drawn on the revolving loan facility during the years ended December 31, 2015 and 2014. The Company pays a quarterly commitment fee equal to 0.5% on the average daily amount of the unused portion of the revolving loan facility.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes
Income Taxes	10. Income Taxes “ Income before provision for income taxes” as shown in the accompanying Consolidated Statements of Income is comprised of the following (in thousands): Year Ended December 31, 2015 2014 2013 Domestic $ $ $ Foreign Total $ $ $ Components of the “Provision for income taxes” in the accompanying Consolidated Statements of Income consist of the following (in thousands): Year Ended December 31, 2015 2014 2013 Current Federal $ $ $ Foreign State and local Total current expense Deferred expense Federal Foreign State and local Total deferred expense Provision for income taxes $ $ $ Prior to October 7, 2013, the Company had not been subject to U.S. federal income taxes as RMCO is organized as a limited liability company; however, RMCO was, and continues to be, subject to certain other foreign, state and local taxes. As a result of the IPO and Reorganization Transactions, the portion of RMCO’s income attributable to RE/MAX Holdings is subject to U.S. federal, state, local and foreign income taxes and is taxed at the prevailing corporate tax rates. The provision for income taxes is comprised of a provision for income taxes attributable to RE/MAX Holdings and to entities other than RE/MAX Holdings. The provision for income taxes attributable to RE/MAX Holdings includes all U.S. federal and state income taxes on RE/MAX Holdings’ proportionate share of RMCO’s net income. The provision for income taxes attributable to entities other than RE/MAX Holdings represents taxes imposed directly on RE/MAX, LLC that are allocated to the non-controlling interest. A reconciliation of the U.S. statutory income tax rate to the Company’s effective tax rate is as follows: Year Ended December 31, 2015 2014 2013 U.S. statutory tax rate Increase due to state and local taxes, net of federal benefit Effect of permanent differences Income attributable to non-controlling interests -19.6% -19.8% -28.7% Effective tax rate The Company’s effective tax rate includes a rate benefit attributable to the fact that the Company’s subsidiaries operate as a series of limited liability companies which are not themselves subject to federal income tax. Accordingly, the portion of the Company’s subsidiaries earnings attributable to the non-controlling interest are subject to tax when reported as a component of the non-controlling interests’ taxable income. Net income taxes (payable) receivable were ($451,000) and $576,000 at December 31, 2015 and 2014, respectively. Deferred income taxes are provided for the effects of temporary differences between the tax basis of an asset or liability and its reported amount in the accompanying Consolidated Balance Sheets. These temporary differences result in taxable or deductible amounts in future years. Details of the Company’s deferred tax assets and liabilities are summarized as follows (in thousands): As of December 31, 2015 2014 Current deferred tax assets Compensation and benefits $ $ Allowance for doubtful accounts Accrued liabilities — Deferred revenue Other Total current deferred tax assets (a) Long-term deferred tax assets Goodwill, other intangibles and other assets (b) Imputed interest deduction pursuant to tax receivable agreements Rent liabilities Other Total long-term deferred tax assets Long-term deferred tax liabilities Property and equipment and other long-lived assets Investments in equity method investees — Total long-term deferred tax liabilities Net long-term deferred tax assets Total deferred tax assets and liabilities $ $ (a) Current deferred tax assets are included in “Other current assets” in the accompanying Consolidated Balance Sheets. (b) Long-term deferred tax assets related to goodwill, other intangibles and other assets and liabilities increased primarily due to the increase in the tax basis of certain intangible assets resulting from RE/MAX Holdings’ increased investment in RMCO from the Secondary Offering. In connection with the Secondary Offering, a long-term deferred tax asset of $43,774,000 was recorded in the accompanying Consolidated Balance Sheets. In the fourth quarter of 2014, the Company corrected immaterial errors in its income tax accounts related to the increase in tax basis of certain intangible and tangible net assets resulting from RE/MAX Holdings’ initial investment in RMCO on October 7, 2013. As a result of these adjustments and other matters related to the application of detailed provisions of the TRAs, the Company recorded a net increase to its net deferred tax asset of $917,000 and an increase in the “Payable pursuant to tax receivable agreements, net of current portion” of $436,000 in the accompanying Consolidated Balance Sheets with a corresponding adjustment to “Additional paid-in capital” in the accompanying Consolidated Balance Sheets and Consolidated Statements of Redeemable Preferred Units and Stockholders’ Equity/Members’ Deficit. Net deferred tax assets are also recorded related to differences between the financial reporting basis and the tax basis of RE/MAX Holdings’ proportionate share of the net assets of RMCO. Based on the Company’s historical taxable income and its expected future earnings, management evaluates the uncertainty associated with booking tax benefits and determined that the deferred tax assets are more likely than not to be realized, including evaluation of deferred tax liabilities and the expectation of future taxable income. The Company does not believe it has any significant uncertain tax positions. Accordingly, the Company did not record any adjustments or recognize interest expense for uncertain tax positions for the years ended December 31, 2015, 2014 and 2013. In the future, if uncertain tax positions arise, interest and penalties will be accrued and included in the “Provision for income taxes” in the accompanying Consolidated Statements of Income. The Company and its subsidiaries file, or will file, income tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. RE/MAX Holdings will file its 2015 income tax return by September 15, 2016. RE/MAX Holdings filed its 2014 tax return on September 9, 2015 and filed its initial income tax return for the period from October 7, 2013 through December 31, 2013 on September 12, 2014. RMCO is not subject to federal income taxes as it is a flow-through entity, however, RMCO is still required to file an annual U.S. Return of Partnership Income. The Company was notified on January 6, 2016 that RMCO’s 2013 U.S. Return of Partnership Income was selected for examination by the Internal Revenue Service and the audit has not yet commenced. With respect to state and local jurisdictions and countries outside of the U.S., the Company and its subsidiaries are typically subject to examination for three to four years after the income tax returns have been filed.

Capital Structure

Capital Structure	12 Months Ended
	Dec. 31, 2015
Capital Structure [Abstract]
Capital Structure	11. Capital Structure RE/MAX Holdings Capital Structure Subsequent to the IPO and Reorganization Transactions as described in Note 1, Business and Organization , RE/MAX Holdings has two classes of common stock, Class A common stock and Class B common stock, which are described as follows: Class A common stock Holders of shares of Class A common stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders. Additionally, holders of shares of Class A common stock are entitled to receive dividends when and if declared by the Company’s Board of Directors, subject to any statutory or contractual restrictions on the payment of dividends and to any restrictions on the payment of dividends imposed by the terms of any outstanding preferred stock. Upon dissolution, liquidation or the sale of all or substantially all of the Company’s assets, after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of shares of Class A common stock will be entitled to receive the Company’s remaining assets available for distribution on pro-rata basis. Holders of shares of Class A common stock do not have preemptive, subscription, redemption or conversion rights. Class B common stock Holders of Class B common stock are entitled to two votes for each Common Unit in RMCO held by the holder, without regard to the number of shares of Class B common stock held. Accordingly, Common Unitholders of RMCO collectively have a number of votes in RE/MAX Holdings that is equal to two times the aggregate number of Common Units that they hold. The voting rights of the Class B common stock will be reduced to one times the aggregate number of RMCO Common Units held after any of the following events: (i) October 7, 2018; (ii) the death of David Liniger, the Company’s Chief Executive Officer, Chairman and Co-Founder; or (iii) at such time as RIHI’s ownership of RMCO Common Units falls below 30% of the number of RMCO common units held by RIHI immediately after the IPO. Additionally, if any Common Units of RMCO are validly transferred in accordance with the terms of the New RMCO, LLC Agreement, the voting rights of the corresponding shares of Class B common stock transferred will also be reduced to one times the aggregate number of RMCO Common Units held by such transferee, unless the transferee is David Liniger. Holders of shares of Class A common stock and Class B common stock vote together as a single class on all matters presented to the Company’s stockholders for their vote or approval, except as otherwise required by applicable law. Holders of Class B common stock do not have any right to receive dividends or to receive a distribution upon a dissolution or liquidation or the sale of all or substantially all of the Company’s assets. Additionally, holders of shares of Class B common stock do not have preemptive, subscription, redemption or conversion rights. RMCO Capital Structure The capital structure discussed below is reflective of RMCO’s structure as it existed at October 7, 2013, immediately prior to the Reorganization Transactions and as impacted by the Reorganization Transactions and the use of proceeds from the IPO. General During April 2010, RIHI transferred all of its ownership interests to RMCO in exchange for 847,500 Class B common units and 37,500 Class A preferred units. On April 16, 2010, RMCO issued 112,500 redeemable preferred units (“Class A preferred units”) to Weston Presidio for proceeds of $30,000,000 and sold 37,500 preferred units to Weston Presidio for proceeds of $10,000,000 . Redeemable Preferred Units Prior to the Reorganization Transactions, RMCO’s Class A preferred units had an initial optional redemption date of April 16, 2014. The total number of authorized Class A preferred units was 150,000 and all authorized Class A preferred units were issued and outstanding with no par value. As the holder of the outstanding Class A preferred units, Weston Presidio had voting rights and was entitled to receive a cumulative preferential yield of 10% per annum. As described in Note 1, Business and Organization , in connection with the IPO, the Class A preferred units were converted into (i) a new preferred membership interest that reflected Weston Presidio’s liquidation preference and (ii) a common interest that reflected Weston Presidio’s pro-rata share of the residual equity value of RMCO. On October 7, 2013, RMCO used the proceeds it received from RE/MAX Holdings to pay Weston Presidio a $49,850,000 liquidity preference associated with its preferred membership interest and to fully redeem all 3,750,000 Common Units held by Weston Presidio at a price per Common Unit equal to the public offering price per share of RE/MAX Holdings’ Class A common stock, less underwriting discounts, totaling $76,931,250 . Common Units Prior to the Reorganization Transactions, the total number of authorized RMCO Class B common units was 900,000 of which 52,500 were reserved for issuance under a unit option plan. As of October 7, 2013, the Company had granted options to purchase 31,500 Class B common units under its 2011 Unit Option Plan to certain employees of one of its wholly owned subsidiaries. See Note 12, Equity-Based Compensation , for further disclosure regarding the unit options granted by the Company during 2012. The remaining 847,500 authorized Class B common units were issued and outstanding with no par value and were held by RIHI. RIHI, in its capacity as a holder of Class B common units, had voting rights, was entitled to receive distributions subject to certain limitations as defined by the Old RMCO, LLC Agreement, and, upon liquidation or dissolution, was entitled to receive assets available for distribution. There were no mandatory redemption or sinking fund provisions with respect to such Class B common units. The Class B common units were subordinate to the Class A preferred units, to the extent of the preference associated with such Class A preferred units, with respect to distributions and rights upon liquidation, winding up and dissolution of the Company. In connection with the Reorganization Transactions, all outstanding RMCO Class B common units were exchanged for newly issued Common Units of RMCO. Additionally, RMCO effectuated a 25 for 1 split of the then existing number of outstanding newly issued Common Units of RMCO so that one Common Unit could be acquired with the net proceeds received in the IPO from the sale of one share of RE/MAX Holdings’ Class A common stock, after the deduction of underwriting discounts and commissions. Previously outstanding and unexercised options to acquire Class B common units of RMCO were then substituted for 787,500 options to acquire shares of RE/MAX Holdings’ Class A common stock. On October 7, 2013, RMCO used the proceeds it received from RE/MAX Holdings to redeem 3,452,900 Common Units from RIHI at a price per Common Unit equal to the public offering price per share of RE/MAX Holdings’ Class A common stock, less underwriting discounts, totaling $70,836,244 . Each Common Unit of RMCO can be redeemed for, at RE/MAX Holdings’ option, newly issued shares of RE/MAX Holdings’ Class A common stock on a one -for-one basis or for a cash payment equal to the market price of one share of RE/MAX Holdings’ Class A common stock. Accumulated Other Comprehensive Income Accumulated other comprehensive income includes all changes in equity during a period that have yet to be recognized in income, except those resulting from transactions with stockholders and is comprised of foreign currency translation adjustments. The assets and liabilities of the Company’s consolidated foreign subsidiaries whose functional currency is not the U.S. dollar are translated using the appropriate exchange rate as of the end of the year. Foreign currency translation adjustments represent unrealized gains and losses on assets and liabilities arising from the difference in the foreign country currency compared to the U.S. dollar. These gains and losses are accumulated in Comprehensive Income. When a foreign subsidiary is substantially liquidated, the cumulative translation gain or loss is removed from “Accumulated other comprehensive income” and is recognized as a component of the gain or loss on the sale of the subsidiary.

Equity-Based Compensation

Equity-Based Compensation	12 Months Ended
	Dec. 31, 2015
Equity-Based Compensation
Equity-Based Compensation	12. Equity-Based Compensation On September 30, 2013, the Company’s Board of Directors adopted the RE/MAX Holdings, Inc. 2013 Omnibus Incentive Plan (the “2013 Incentive Plan”). The 2013 Incentive Plan became effective on September 30, 2013 and provides for the grant of incentive stock options to the Company’s employees, and for the grant of shares of the RE/MAX Holdings Class A common stock, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalent rights, cash-based awards and any combination thereof to employees, directors and consultants of RE/MAX Holdings and RMCO. RE/MAX Holdings Shares of Class A Common Stock and Restricted Stock Units On June 24, 2015, RE/MAX Holdings granted 2,941 shares of RE/MAX Holdings’ Class A common stock to an employee at a grant-date fair value of $34.01 . Of this amount, 940 shares were withheld and cancelled with an estimated value of $32,000 to cover the Company’s minimum statutory tax withholding obligation. On March 11, 2015, RE/MAX Holdings granted an aggregate of 74,893 restricted stock units at a value of $32.45 per unit to certain employees, which vest over a three -year period beginning on April 1, 2016, and an aggregate of 10,787 restricted stock units at a value of $32.45 per unit to its directors, excluding David Liniger, the Company’s Chief Executive Officer, Chairman and Co-Founder, and Gail Liniger, the Company’s Vice Chair and Co-Founder, which vest on April 1, 2016. The grant-date fair value of $32.45 per unit equaled the closing price of RE/MAX Holdings’ Class A common stock on March 11, 2015. On October 7, 2013, RE/MAX Holdings granted 115,699 restricted stock units at a value of $22.00 per unit to certain employees, which vest over a three -year period beginning on December 1, 2014 and 18,184 restricted stock units at a value of $22.00 per unit to its directors, which vested on December 1, 2014. The grant-date fair value of $22.00 per unit equaled the public offering price of RE/MAX Holdings’ Class A common stock. During the years ended December 31, 2015, 2014 and 2013, the Company recognized equity-based compensation expense of $1,453,000 , $2,002,000 and $247,000 , respectively, associated with the restricted stock units mentioned above. As of December 31, 2015, $2,141,000 of total unrecognized compensation cost, net of assumed forfeitures, related to non-vested restricted stock units is expected to be recognized over a weighted-average period of 2.0 years. This excludes $59,000 of incremental compensation cost to be recognized during the first quarter of 2016 for 12,109 unvested restricted stock units expected to vest in April 2016 on an accelerated timeline in connection with a separation and transition agreement entered into with the Company’s current Co-Chief Financial Officer and former Chief Operating Officer as described in Note 13, Leadership Changes and Restructuring Activities . The total recorded tax benefit related to the restricted stock units granted by RE/MAX Holdings was $54,000 and $ 92,000 for the year ended December 31, 2015 and 2014, respectively, and was recorded in “Additional paid-in capital” in the accompanying Consolidated Balance Sheets and Consolidated Statements of Redeemable Preferred Units and Stockholders’ Equity/Members’ Deficit. In addition, on October 7, 2013 RE/MAX Holdings granted 107,971 restricted stock units with a weighted average grant-date fair value of $18.96 , which reflects a discount for the lack of marketability of the restricted stock units, to certain employees in connection with the IPO that vested upon grant. The underlying shares were issued on May 20, 2014, of which 30,519 shares were withheld and cancelled to cover the Company’s minimum statutory tax withholding obligation. The estimated value of the withheld shares was $818,000 . Concurrently, 30,519 common units in RMCO owned by RE/MAX Holdings were cancelled. The related corporate income tax benefit realized upon the issuance of the underlying shares was approximately $125,000 and was recorded in “Additional paid-in capital” in the accompanying Consolidated Balance Sheets and Consolidated Statements of Redeemable Preferred Units and Stockholders’ Equity/Members’ Deficit . Non-cash compensation expense of $2,047,000 associated with these restricted stock units was recognized during the year ended December 31, 2013. The total associated tax benefit was $345,000 and was recorded in “Deferred tax assets, net” in the accompanying Consolidated Balance Sheets during 2013. The following table summarizes the Company’s activity for restricted stock units for the year ended December 31, 2015: Restricted Stock Units Balance, January 1, 2015 Granted Forfeited Delivered and exchanged for shares of Class A common stock (a) Cancelled (b) Balance, December 31, 2015 As of December 31, 2015 Vested — Unvested (a) In connection with a retirement agreement entered into with the Company’s former President as described in Note 13, Leadership Changes and Restructuring Activities , 7,576 unvested restricted stock units granted in October 2013 vested in August 2015 on an accelerated timeline. As such, incremental equity-based compensation expense of $216,000 was recognized during the year ended December 31, 2015. (b) During the year ended December 31, 2015, 22,799 restricted stock units vested, of which 7,933 shares were withheld and cancelled with an estimated value of $295,000 to cover the Company’s minimum statutory tax withholding obligation. At December 31, 2015, there were 1,936,215 additional shares available for the Company to grant under the 2013 Incentive Plan. RMCO Common Unit Options During 2012, RMCO adopted an equity-based compensation plan (the “Plan”) pursuant to which RMCO’s Board of Managers granted 31,500 RMCO Class B common unit options to certain employees. On October 1, 2013 and in connection with the IPO and the Reorganization Transactions, the aforementioned Class B common unit options were split 25 for 1 and then substituted for 787,500 options to acquire shares of RE/MAX Holdings’ Class A common stock. The options outstanding and exercisable as of December 31, 2013 to purchase shares of RE/MAX Holdings’ Class A common stock were fully vested, have an exercise price of $3.60 and a remaining contractual term of 8.9 years. No incremental compensation cost was recognized because the fair value of the RMCO Class B common unit options exchanged was equal to the fair value of RE/MAX Holdings’ Class A common stock options received. The grant-date fair value of each Class B common unit option was estimated using the Black-Scholes-Merton option pricing model. At the grant date, RMCO did not have sufficient historical exercise data to provide a reasonable basis upon which to estimate expected term of the common unit options. As such, the “simplified” method as outlined in the Securities and Exchange Commission’s Staff Accounting Bulletin No. 110 was used to derive the expected term. As the grant date was prior to the IPO, expected volatility was estimated based on the average historical volatility of similar entities with publicly traded shares. The risk-free rate for the expected term of the option was based on the U.S. Treasury yield curve at the date of grant. 2013 Valuation assumptions: Expected dividend yield — % Expected volatility % Expected term (years) Risk-free interest rate % A portion of the Class B common unit options granted in 2012 vested on the grant date, and the remaining options vested on June 15, 2013. Compensation expense of $701,000 was recognized during the year ended December 31, 2013. The weighted average grant-date fair value of the Class B common unit options was $56.83 . The total fair value of the Class B common unit options that vested during the year ended December 31, 2013 was approximately $895,000 . As of December 31, 2015, there was no unrecognized compensation cost related to Class B common unit options granted under the Plan. Additionally, in connection with the retirement of the Company’s former Chief Executive Officer and pursuant to the terms of the Separation Agreement, the remaining contractual term of the related RE/MAX Holdings’ Class A common stock options outstanding was reduced to two years as of December 31, 2014. No related incremental compensation cost was recognized and no such stock options were outstanding as of December 31, 2015. The following table summarizes the Company’s stock option activity for the year ended December 31, 2015 (weighted average remaining contractual term in years and aggregate intrinsic value in thousands): Weighted Average Weighted Average Remaining Aggregate Options Exercise Price Contractual Term Intrinsic Value Balance at January 1, 2015 Granted — Exercised $ Forfeited — Forfeited — Balance at December 31, 2015 (a) $ Exercisable at December 31, 2015 $ (a) In connection with a separation and transition agreement entered into with the Company’s Co-Chief Financial Officer and former Chief Operating Officer as described in Note 13, Leadership Changes and Restructuring Activities , the remaining contractual term of the related RE/MAX Holdings’ Class A common stock options outstanding was reduced to approximately 6 months as of January 7, 2016. This modification is not reflected in the weighted average remaining contractual term included in this table. The Company received $2,248,000 and $486,000 in cash proceeds related to the exercise of stock options for the years ended December 31, 2015 and 2014, respectively. Upon the exercise of stock options, shares of Class A common stock are issued from authorized common shares. The Company recorded a corporate income tax benefit relating to the options exercised during the years ended December 31, 2015 and 2014 of $2,716,000 and $519,000 , respectively, in “Additional paid-in capital” in the accompanying Consolidated Balance Sheets and Consolidated Statements of Redeemable Preferred Units and Stockholders’ Equity/Members’ Equity. The total intrinsic value of stock options exercised during the years ended December 31, 2015 and 2014 were $19,154,000 and $3,839,000 , respectively. No options were exercised during the year ended December 31, 2013.

Leadership Changes and Restruct

Leadership Changes and Restructuring Activities	12 Months Ended
	Dec. 31, 2015
Leadership Changes and Restructuring Activities
Leadership Changes and Restructuring Activities	13. Leadership Changes and Restructuring Activities On May 4, 2015, the Company’s former President entered into a retirement agreement with the Company (the “Retirement Agreement”) pursuant to which he retired on August 19, 2015. Subject to the terms of the Retirement Agreement, the Company is required to provide retirement benefits over a 24 -month period, beginning in September 2015. The Company recorded a liability, measured at its estimated fair value, for payments that will be made under the Retirement Agreement, with a corresponding charge to “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income. The Company incurred a total cost of $877,000 , including $216,000 of equity-based compensation expense, during year ended December 31, 2015. As of December 31, 2015, the short-term portion of the liability was $250,000 and is included in “Accrued liabilities” in the accompanying Consolidated Balance Sheets and the long-term portion of the liability was $175,000 and is included in “Other liabilities, net of current portion” in the accompanying Consolidated Balance Sheets. On December 31, 2014, the Company’s former Chief Executive Officer retired and pursuant to the terms of the Separation and Release of Claims Agreement (the “Separation Agreement”), the Company is required to provide severance and other related benefits over the next 36 -month period, beginning in October 2015. The Company recorded a liability, measured at its estimated fair value, for payments that will be made under the Separation Agreement, with a corresponding charge to “Selling, general and administrative expenses” in the accompanying Consolidated Statements of Income. The Company will incur a total cost of $3,581,000 , including $1,007,000 of equity-based compensation expense. Of this amount, $12,000 and $3,545,000 was recorded during the years ended December 31, 2015 and 2014, respectively. As of December 31, 2015 and 2014, the short-term portion of the liability was $759,000 and $500,000 , respectively, and is included in “Accrued liabilities” in the accompanying Consolidated Balance Sheets. As of December 31, 2015 and 2014, the long-term portion of the liability was $789,000 and $1,488,000 , respectively, and is included in “Other liabilities, net of current portion” in the accompanying Consolidated Balance Sheets. In addition, management of the Company approved and implemented a restructuring plan during the fourth quarter of 2014 designed to improve operating efficiencies, which reduced the Company’s overall headcount at its corporate headquarters (the “Restructuring Plan”). In connection with the Restructuring Plan, the Company incurred a total of $1,303,000 in expenses related to severance and outplacement services provided to certain former employees of the Company, all of which was recorded during the year ended December 31, 2014. These expenses are included in “Selling, general and administrative expenses” in the accompanying Consolidated Statements of Income. All severance and other related costs are entirely attributable to the Company’s Real Estate Franchise Services reportable segment. The following table presents a rollforward of the estimated fair value liability established for total severance and other related costs that occurred during the years ended December 31, 2015 and 2014, including those costs incurred for the aforementioned leadership changes and restructuring activities (in thousands): 2015 2014 Balance, January 1 $ $ — Severance and other related expenses Accretion — Cash payments Non-cash adjustment (a) Balance, December 31 $ $ (a) For the year ended December 31, 2015, the non-cash adjustment represents the non-cash equity-based compensation expense recorded for the accelerated vesting of 7,576 restricted stock units on August 19, 2015 pursuant to the terms of the Retirement Agreement as discussed in Note 12, Equity-Based Compensation . For the year ended December 31, 2014, the non-cash adjustment represents the non-cash equity-based compensation expense recorded for the accelerated vesting of 30,304 restricted stock units on December 31, 2014 pursuant to the terms of the Separation Agreement. Subsequent Events On January 7, 2016, the Company’s Co-Chief Financial Officer and former Chief Operating Officer entered into a separation and transition agreement (the “Separation and Transition Agreement”) pursuant to which he will serve as Co-Chief Financial Officer from January 15, 2016 through March 31, 2016 and will separate from the Company effective March 31, 2016. Subject to the terms of the Separation and Transition Agreement, the Company is required to provide a lump sum severance payment of $575,000 , and 12,109 unvested restricted stock units will vest upon his departure.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure
Commitments and Contingencies	14. Commitments and Contingencies Commitments The Company leases offices and equipment under noncancelable operating leases, subject to certain provisions for renewal options and escalation clauses. Future minimum payments (including those allocated to an affiliate) under these leases and commitments, net of payments under sublease agreements, are as follows (in thousands): Rent Payments (a) Sublease Receipts Total Cash Outflows Year ending December 31: 2016 $ $ $ 2017 2018 2019 2020 Thereafter — $ $ $ (a) As described in Note 5, Acquisitions and Dispositions , the Company sold RE/MAX Equity Group and RE/MAX 100 in 2015. In connection with these sales, the Company assigned its obligations under and rights, title and interest in a total of 18 leases to the respective purchaser as described further below. As of December 31, 2015, the Company was no longer contractually obligated to make rental payments under the respective lease agreements except in the event of default by the purchaser, and thus are not reflected as future minimum rental payments. In addition, the Company sold RE/MAX Northwest on January 20, 2016 and the related assets and liabilities sold were classified as held for sale as of December 31, 2015. Total rental payments under the three related operating leases of $2,740,000 are reflected as future minimum rental payments for purposes of this table. Minimum rent payments under noncancelable operating leases are recognized on a straight-line basis over the terms of the leases. Rent expense, excluding amounts related to gain or loss on sublease, was $10,629,000 , $12,362,000 and $12,686,000 for the years ended December 31, 2015, 2014 and 2013, respectively, net of amounts recorded under sublease agreements of $1,163,000 , $1,126,000 $674,000 for the years ended December 31, 2015, 2014 and 2013, respectively. In April 2010, the Company entered into an 18 -year lease for its corporate headquarters office building (the “Master Lease”). The Company may, at its option, extend the Master Lease for two renewal periods of 10 years. Under the terms of the Master Lease, the Company pays an annual base rent, which escalates 3% each year, including the first optional renewal period. The first year of the second optional renewal period is at a fair market rental value, and the rent escalates 3% each year until expiration. The Company pays for operating expenses in connection with the ownership, maintenance, operation, upkeep and repair of the leased space. The Company may assign or sublet an interest in the Master Lease only with the approval of the landlord. Upon entering into the Master Lease, the Company became the primary lessee for all facilities located on the headquarter property and issued subleases to two retail tenants already established on the property. The subleases range from 4,000 square feet to 10,500 square feet, have initial lease terms ranging from 5 to 10 years and renewal options ranging from two 5 -year renewal options to nine 5 -year renewal options. Anticipated revenue from these subleases exceeds the expected costs that will be incurred by the Company. During March 2011, the Company entered into a sublease agreement with an unrelated third party to lease up to 20,000 square feet of the office space under its Master Lease. The estimated costs the Company expected to incur related to the subleased space exceeded the anticipated revenues the Company expected to receive under the sublease agreement and as such, the Company recorded a liability with a related loss on the sublease. In November 2012, the sublease was terminated prior to its expiration date. As a result, the Company commenced efforts to market the office space for sublease with a new tenant. On November 15, 2013, a sublease agreement was entered into with a new tenant with a sublease term of five years to lease up to 20,000 square feet of office space under its Master Lease. As such, the Company recorded an adjustment to the existing liability and recorded a loss related to the subleased office space of $1,179,000 to “Selling, general and administrative expenses” in the accompanying Consolidated Statements of Income during the year ended December 31, 2013. The aforementioned loss and associated liability was attributable to the Company’s Real Estate Franchise Services reportable segment. As of December 31, 2015 and 2014, the short-term portion of the liability was approximately $349,000 and $346,000 , respectively, and is included in “Accrued liabilities” in the accompanying Consolidated Balance Sheets. As of December 31, 2015 and 2014, the long-term portion of the liability was approximately $799,000 and $1,148,000 , respectively, and is included in “Other liabilities, net of current portion” in the accompanying Consolidated Balance Sheets. Contingencies In connection with the sale of the assets and liabilities related to the Company’s owned brokerage offices as described in Note 5, Acquisitions and Dispositions , the Company entered into two Assignment and Assumption of Leases Agreements (the “Assignment Agreements”) pursuant to which the Company assigned its obligations under and rights, title and interest in a total of 18 leases to the respective purchasers. For certain leases, the Company remains secondarily liable for future lease payments over approximately the next 65 -month period under the respective lease agreements and accordingly, as of December 31, 2015, the Company has outstanding lease guarantees of $6,630,000 . This amount represents the maximum potential amount of future payments under the respective lease guarantees. In the event of default by the purchaser, the indemnity and default clauses in the Assignment Agreements govern the Company’s ability to pursue and recover damages incurred, if any, against the purchaser. As of December 31, 2015, the likelihood of default by any purchaser on the Assignment Agreements was deemed to be less than probable and as such, the Company did not record a liability in the accompanying Consolidated Balance Sheets nor a related charge in the accompanying Consolidated Statements of Income during the year ended December 31, 2015. In addition, the Company maintains a self-insurance program for health benefits. As of December 31, 2015 and 2014, the Company recorded a liability of $309,000 and $285,000 , respectively, related to this program. Litigation The Company is subject to litigation claims arising in the ordinary course of business. The Company believes that it has adequately accrued for legal matters as appropriate. The Company records litigation accruals for legal matters which are both probable and estimable and for related legal costs as incurred. The Company does not reduce these liabilities for potential insurance or third-party recoveries and any insurance recoveries are recorded in “Accounts and notes receivable, current portion” in the accompanying Consolidated Balance Sheets with a corresponding reduction to “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income. In connection with the Company’s acquisition of the net assets of HBN on October 7, 2013 (as described in Note 5, Acquisitions and Dispositions ), several shareholders of HBN (the “Defendants”) dissented from the transaction and demanded payment for their shares in excess of consideration paid. Pursuant to the dissenters’ rights statute in the State of Colorado, on February 11, 2014, HBN petitioned the District Court of Denver County, Colorado (the “Court”) to determine the fair value of HBN. A trial occurred between April 14, 2015 and April 17, 2015. The Court rendered a decision on December 28, 2015 and concluded that the fair value of HBN on October 7, 2013 was higher than the amount paid. Accordingly, the Court awarded the Defendants $3,153,000 , which represents the amount of the Defendants’ share of HBN’s fair value as determined by the Court in excess of the consideration paid, as well as accrued interest from October 7, 2013 through the date of judgment. In addition, the Court’s decision provides for the payment of certain costs incurred in connection with the litigation and additional interest from the judgment date until the payment date. On February 2, 2016, the Company paid $3,251,000 to satisfy fully the judgment in the case. As a result of this conclusion, the Company recorded an accrual and corresponding charge of $2,703,000 in “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income during the year ended December 31, 2015 in addition to the previously recorded amount of $26,000 during the year ended December 31, 2014, and the Company recorded an accrual and corresponding charge of $522,000 in “Interest expense” in the accompanying Consolidated Statements of Income during the year ended December 31, 2015. Except for the ongoing litigation concerning the acquisition of the net assets of HBN, management of the Company believes other such litigation matters involving a reasonably possible chance of loss will not, individually or in the aggregate, result in a material adverse effect on the Company's financial condition, results of operations and cash flows.

Guarantees

Guarantees	12 Months Ended
	Dec. 31, 2015
Guarantees
Guarantees	15. Guarantees In May 2015, the Company entered into a guarantee of the full and prompt payment and performance when due of all obligations due to a financial institution under a commercial line-of-credit agreement and note entered into by the Company’s equity-method investee, a residential mortgage operation in which the Company has a 50% interest (the “Guarantee”). The term of the line-of-credit agreement is 13 months and the total amount of advances requested and unpaid principal balance cannot exceed $15,000,000 . The line of credit bears interest at the financial institution’s base rate. The Company had entered into a similar guarantee during May 2014, which expired as of May 2015. The outstanding balance on the line of credit was approximately $5,222,000 and $4,548,000 as of December 31, 2015 and 2014, respectively. The Company did not incur any payments under this guarantee during the year ended December 31, 2015, or in any prior periods. In connection with the sale of RE/MAX Equity Group on December 31, 2015 as described in Note 5, Acquisitions and Dispositions , the Company sold its entire interest in, and transferred all of its obligations related to, the Company’s equity-method investments for which the Guarantee relates to. Consequently, the Company is no longer obligated by the Guarantee as of December 31, 2015.

Defined-Contribution Savings Pl

Defined-Contribution Savings Plan	12 Months Ended
	Dec. 31, 2015
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]
Defined-Contribution Savings Plan	16. Defined-Contribution Savings Plan The Company sponsors an employee retirement plan (the “401(k) Plan”) that provides certain eligible employees of the Company an opportunity to accumulate funds for retirement. The Company provides matching contributions on a discretionary basis. During the years ended December 31, 2015, 2014 and 2013, the Company expensed $1,300,000 , $990,000 and $926,000 , respectively, for matching contributions to the 401(k) Plan.

Related-Party Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions
Related-Party Transactions	17. Related-Party Transactions The Company’s real estate brokerage operations pay advertising fees to regional and national advertising funds, which promote the RE/MAX brand. These advertising funds are corporations owned by a majority stockholder of RIHI, who is also the Company’s Chief Executive Officer, Chairman and Co-Founder, as trustee for RE/MAX agents. This individual does not receive any compensation from these corporations, as all funds received by the corporations are required to be spent on advertising for the respective regions. During the years ended December 31, 2015, 2014 and 2013, the Company’s real estate brokerage operations paid $917,000 , $1,152,000 and $1,148,000 , respectively, to these advertising funds. These payments are included in “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income. Prior to October 7, 2013, RE/MAX 100 paid regional continuing franchise fees, broker fees and franchise sales revenue, as do all other RE/MAX franchisees in the Central Atlantic region, to Tails. Several of the Company’s officers and stockholders of RIHI were also stockholders and officers of Tails, and as such, prior to October 7, 2013, Tails was a related party to the Company. As described in Note 5, Acquisitions and Dispositions , a portion of the proceeds raised during the IPO was used to purchase certain assets of Tails. For the period from January 1, 2013 to October 7, 2013, the real estate brokerage operations expensed $244,000 in fees to Tails, which is included in “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income. In addition, prior to December 31, 2015, RE/MAX 100 recorded a payable for outstanding fees to Tails’ affiliated regional advertising fund, which was paid in full on December 31, 2015. As of December 31, 2014, the amount of the payable was $1,031,000 and was included in “Accounts payable to affiliates” in the accompanying Consolidated Balance Sheets. The Company receives continuing franchise fees, broker fees, franchise sales and other franchise revenue from regional franchisors. Several of the Company’s officers and stockholders of RIHI were also stockholders and officers of two of these regional franchisors, HBN and Tails. The business assets of HBN and Tails were acquired by RE/MAX Holdings on October 7, 2013 as described in Note 5, Acquisitions and Dispositions . For the period from January 1, 2013 to October 7, 2013, the Company received $2,648,000 in revenue from these entities, which is included in continuing franchise fees, broker fees and franchise sales and other franchise revenue in the accompanying Consolidated Statements of Income. The majority stockholders of RIHI, including the Company’s current Chief Executive Officer, Chairman and Co-Founder have made and continue to make a golf course they own available to the Company for business purposes. During the years ended December 31, 2015, 2014 and 2013, the Company used the golf course for business purposes at no charge. The Company provides services to certain affiliated entities such as accounting, legal, marketing, technology, human resources and public relations as well as allows these companies to share its leased office space. During the years ended December 31, 2015, 2014 and 2013, the total amounts allocated for services rendered and rent for office space provided on behalf of affiliated entities were $1,720,000 , $2,186,000 and $3,064,000 , respectively. In these cases, the Company bills affiliated companies for their actual or pro-rata share of such expenses. Such amounts are generally paid within 30 days and no such amounts were outstanding at December 31, 2015 and 2014. In addition, affiliated regional franchisors have current outstanding continuing franchise fees, broker fees and franchise sales revenue amounts due to the Company. Such amounts are included in “Accounts receivable from affiliates” and “Accounts payable to affiliates” in the accompanying Consolidated Balance Sheets and comprise the balances from the following entities (in thousands): As of December 31, 2015 2014 Accounts receivable from affiliates: RE/MAX of Texas Advertising Fund $ — $ Other — Total accounts receivable from affiliates — Accounts payable to affiliates: Central Atlantic Region Advertising Fund — Other Total accounts payable to affiliates Net accounts payable to affiliates $ $ In February 2013, RMCO engaged Perella Weinberg Partners L.P. (“Perella Weinberg”), a Financial Industry Regulatory Authority Member, to serve as its financial advisor in connection with the IPO. As of December 31, 2014, two members of the Company’s Board of Directors, who resigned on March 11, 2015, were partners at an affiliate of Perella Weinberg. The engagement of Perella Weinberg as a financial advisor was approved by the independent members of RMCO’s Board of Managers prior to the IPO. For services rendered during the year ended December 31, 2013, the Company paid Perella Weinberg $848,500 . In addition, on October 7, 2013, the Company paid Perella Weinberg a completion fee of $632,500 when the IPO closed. No amounts were paid to Perella Weinberg during the years ended December 31, 2015 or 2014.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2015
Segment Information
Segment Information	18. Segment Information The Company has two reportable segments: Real Estate Franchise Services and Brokerages. Management evaluates the operating results of its reportable segments based upon revenue and adjusted earnings before interest expense, interest income, the provision for income taxes, depreciation and amortization (“Adjusted EBITDA”). The Company’s presentation of Adjusted EBITDA may not be comparable to similar measures used by other companies. The accounting policies of the reportable segments are the same as those described in Note 2, Summary of Significant Accounting Policies . Additionally, as a result of changes in management’s process to assess performance and allocate resources, the Company implemented a new segment structure beginning in the second quarter of 2014. The changes in the Company’s segment structure relate to certain corporate-wide professional services expenses, which were previously reflected in the Brokerage and Other reportable segment and, beginning in the second quarter of 2014, are being reflected in the Real Estate Franchise Services reportable segment. All prior segment information has been recast to reflect the Company’s new segment structure and current presentation. Adjusted EBITDA for the reportable segments excludes depreciation, amortization, interest expense, interest income and the provision for income taxes and is then adjusted for certain other non-cash items and other non-recurring cash charges or other items. Adjusted EBITDA for the reportable segments is also a key factor that is used by the Company’s internal decision makers to (i) determine how to allocate resources to segments and (ii) evaluate the effectiveness of management for purposes of annual and other incentive compensation plans. The additional items that are adjusted to determine Adjusted EBITDA for the reportable segments include loss or gain on sale or disposition of assets and sublease, loss on early extinguishment of debt, equity-based compensation incurred in connection with grants of RMCO common units prior to the IPO and fully vested restricted stock units granted in conjunction with the IPO, non-cash straight-line rent expense, salaries paid to David Liniger, the Company’s Chief Executive Officer, Chairman and Co-Founder, and Gail Liniger, the Company’s Vice Chair and Co-Founder, that the Company discontinued upon completing the IPO, professional fees and certain expenses incurred in connection with the IPO and subsequent secondary offerings, acquisition related expenses and severance related expenses. The Company’s Real Estate Franchise Services reportable segment comprises the operations of the Company’s owned and independent global franchising operations under the RE/MAX brand name, intersegment revenue from the Company’s owned brokerages and the Company’s corporate-wide professional services expenses. All of the Company’s brokerage offices in its Real Estate Franchise Services reportable segment are franchised. The Company’s Brokerages reportable segment includes the Company’s brokerage services business, intersegment expenses and reflects the elimination of all intersegment revenue and expenses and other consolidation entries. The following tables present the results of the Company’s reportable segments for the years ended December 31, 2015, 2014 and 2013, respectively: Revenue (a) Year Ended December 31, 2015 2014 2013 (in thousands) Real Estate Franchise Services: Continuing franchise fees $ $ $ Annual dues Broker fees Franchise sales and other franchise revenue Brokerage revenue — — — Brokerages: Continuing franchise fees Annual dues Broker fees Franchise sales and other franchise revenue Brokerage revenue Total segment reporting revenues $ $ $ (a) Transactions between the Real Estate Franchise Services and the Brokerages reportable segments are eliminated in consolidation. Revenues for the Real Estate Franchise Services reportable segment include intercompany amounts paid from the Company’s brokerage services business of $1,587,000 , $1,844,000 and $1,536,000 for the years ended December 31, 2015, 2014 and 2013, respectively. Such amounts are eliminated through the Brokerages reportable segment . Adjusted EBITDA Year Ended December 31, 2015 2014 2013 (in thousands) Real Estate Franchise Services $ $ $ Brokerages Total segment reporting adjusted EBITDA $ $ $ A reconciliation of the Company’s Adjusted EBITDA for its reportable segments to the Company’s consolidated balances is as follows: Year Ended December 31, 2015 2014 2013 (in thousands) Real Estate Franchise Services: Net income $ $ $ Depreciation and amortization Interest expense Interest income Provision for income taxes EBITDA (Gain) loss on sale or disposition of assets and sublease Loss on early extinguishment of debt Non-cash straight-line rent expense Equity-based compensation expense incurred prior to or in conjunction with the IPO — — Chairman executive compensation — — Public offering related expenses — Severance related expenses (a) — Acquisition related expenses (b) Adjusted EBITDA $ $ $ Brokerages: Net income $ $ $ Depreciation and amortization Interest expense Interest income — — — Provision (benefit) for income taxes EBITDA (Gain) loss on sale or disposition of assets and sublease Non-cash straight-line rent expense Adjusted EBITDA $ $ $ Consolidated: Net income $ $ $ Depreciation and amortization Interest expense Interest income Provision for income taxes EBITDA (Gain) loss on sale or disposition of assets and sublease Loss on early extinguishment of debt Non-cash straight-line rent expense Equity-based compensation expense incurred prior to or in conjunction with the IPO — — Chairman executive compensation — — Public offering related expenses — Severance related expenses (a) — Acquisition related expenses (b) Adjusted EBITDA $ $ $ (a) Severance related expenses include severance and other related expenses incurred in connection with the Restructuring Plan in 2014, the retirement of the Company’s former Chief Executive Officer on December 31, 2014 and subsequent organizational changes implemented during 2015, including the retirement of the Company’s former President on August 19, 2015. See Note 13, Leadership Changes and Restructuring Activities , for further details. (b) Acquisition related expenses include costs incurred in connection with the Company’s acquisitions of certain assets of HBN and Tails in October 2013, including legal, accounting and advisory fees as well as consulting fees for integration services. Acquisition related expenses also include a charge of $2,729,000 resulting from a judgment granted to the Defendants by the Court in the litigation concerning the net assets of HBN during the year ended December 31, 2015, as discussed in Note 14, Commitments and Contingencies . Segment long-lived and total assets are as follows: As of December 31, 2015 2014 (in thousands) Long-lived assets: Real Estate Franchise Services $ $ Brokerages (a) — Total long-lived assets $ $ Total assets: Real Estate Franchise Services $ $ Brokerages (a) Total assets $ $ (a) The Company sold certain operating assets related to 18 owned brokerage offices in 2015 attributable to the Brokerages reportable segment and therefore, the related assets are not reflected in total long-lived assets nor total assets as of December 31, 2015 in the accompanying Consolidated Balance Sheets. Additionally, the sale of the operating assets of RE/MAX Northwest met the criteria to be classified as held for sale and thus are reflected in “Assets held for sale” in the accompanying Consolidated Balance Sheets as of December 31, 2015. See Note 5, Acquisitions and Dispositions , for further disclosures regarding these divestitures. Information concerning the Company’s principal geographic areas is as follows: As of and for the Year Ended December 31, 2015 2014 2013 (in thousands) Revenue (a): U.S. $ $ $ Canada Outside U.S. and Canada Total $ $ $ Total long-lived assets (b): U.S. $ $ Canada Outside U.S. and Canada — — Total $ $ Total assets: U.S. $ $ Canada Outside U.S. and Canada — Total $ $ (a) Revenue recognized for fees assessed by the Company-owned brokerages for services provided to their affiliated real estate agents is entirely attributable to the Company’s U.S. operations. Revenue recognized for franchise services provided to the agents and franchisees in the Company’s network relates to operations in the U.S., Canada and outside of the U.S. and Canada. (b) Excludes deferred tax assets, net Subsequent Events The dispositions of RE/MAX Equity Group and RE/MAX 100 in 2015 and RE/MAX Northwest in January 2016 resulted in the cessation of operations for the Company’s Brokerages reportable segment. Thus, during the first quarter of 2016, the Company began to operate in one reportable segment, Real Estate Franchise Services.

Quarterly Financial Information

Quarterly Financial Information	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information [Abstract]
Quarterly Financial Information (unaudited)	19. Quarterly Financial Information (unaudited) Summarized quarterly results for the years ended December 31, 2015 and 2014 were as follows: For the Quarter Ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 (in thousands, except shares and per share amounts) Total revenue $ $ $ $ Total operating expenses Operating income Total other expenses, net Income before provision for income taxes Provision for income taxes Net income Less: net income attributable to non-controlling interest Net income attributable to RE/MAX Holdings, Inc. $ $ $ $ Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock Basic $ $ $ $ Diluted $ $ $ $ Weighted average shares of Class A common stock outstanding Basic Diluted For the Quarter Ended March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 (in thousands, except shares and per share amounts) Total revenue $ $ $ $ Total operating expenses Operating income Total other expenses, net Income before provision for income taxes Provision for income taxes Net income Less: net income attributable to non-controlling interest Net income attributable to RE/MAX Holdings, Inc. $ $ $ $ Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock Basic $ $ $ $ Diluted $ $ $ $ Weighted average shares of Class A common stock outstanding Basic Diluted

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation As described in Note 1, Business and Organization , RE/MAX Holdings holds an approximate 60% economic interest in RMCO, but as its managing member consolidates RMCO and records a non-controlling interest in the accompanying Consolidated Balance Sheets and records net income attributable to the non-controlling interest and comprehensive income attributable to the non-controlling interest in the accompanying Consolidated Statements of Income and Consolidated Statements of Comprehensive Income, respectively.
Use of Estimates	Use of Estimates The preparation of the accompanying consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas in which management uses assumptions include, among other things, the establishment of the allowance for doubtful trade accounts and notes receivable, the determination of the estimated lives of intangible assets, the estimates for amounts accrued for litigation matters, the fair value of lease guarantees, the estimates of the fair value of reporting units used in the annual assessment of goodwill, the fair value of assets acquired and the amounts due to RIHI and Oberndorf pursuant to the terms of the TRAs discussed in more detail in Note 3, Non-controlling Interest . Actual results could differ from those estimates.
Segment Reporting	Segment Reporting The Company reports its operations in two reportable segments: (1) Real Estate Franchise Services and (2) Brokerages. The Company’s Real Estate Franchise Services reportable segment comprises the operations of the Company’s owned and independent global franchising operations under the RE/MAX brand name, intersegment revenue from the Company’s owned brokerages and the Company’s corporate-wide professional services expenses. The Company’s Brokerages reportable segment includes the operations of the Company’s owned brokerage offices, the results of operations of a mortgage brokerage company in which the Company owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entries. The Company’s reportable segments represent the Company’s operating segments for which separate financial information is available and which is utilized on a regular basis by management of the Company to assess performance and to allocate resources. See Note 18, Segment Information , for a description of changes to the Company’s segment structure that occurred during 2014 as well as in the first quarter of 2016.
Revenue Recognition	Revenue Recognition The Company generates revenue from continuing franchise fees, annual dues, broker fees, franchise sales and other franchise revenue and brokerage revenue. Revenue is recognized when there is persuasive evidence of an arrangement, the service has been rendered, the price is fixed or determinable and collection of the fees is reasonably assured. Continuing Franchise Fees The Company provides an ongoing trademark license, operational, training and administrative services and systems to franchisees, which include systems and tools that are designed to help the Company’s franchisees and their agents serve their customers and attract new or retain existing independent agents. Revenue from continuing franchise fees principally consists of fixed fees earned monthly from franchisees on a per agent basis. Revenue from continuing franchise fees is recognized in income when it is earned and becomes due and payable, as stipulated in the related franchise agreements. Annual Dues Annual dues revenue represents amounts assessed to agents for membership affiliation in the RE/MAX network. The Company defers the annual dues revenue when billed and recognizes the revenue ratably over the 12 -month period to which it relates. As of December 31, 2015 and 2014, the Company had deferred annual dues revenue totaling approximately $13,106,000 and $12,912,000 , respectively. The activity in the Company’s annual dues deferred revenue consists of the following (in thousands): Balance at beginning of period New billings Revenue recognized Balance at end of period Year ended December 31, 2015 $ $ $ $ Year ended December 31, 2014 Year ended December 31, 2013 Broker Fees Revenue from broker fees represents fees received from the Company’s franchise offices that are primarily based on a percentage of agents’ gross commission income. Revenue from broker fees is determined upon close of the home-sale transaction and recognized as revenue when the fees become due and payable, as stipulated in the related franchise agreements. Franchise Sales and Other Franchise Revenue Franchise sales and other franchise revenue is primarily comprised of revenue from the sale or renewal of franchises, as well as other revenue including revenue from preferred marketing arrangements and affinity programs with various suppliers, and registration revenue from conventions held for agents and broker owners in the RE/MAX network. Upon the sale of a real estate brokerage franchise, the Company recognizes revenue from franchise sales when it has no significant continuing operational obligations, substantially all of the initial services have been performed by the Company and other conditions affecting consummation of the sale have been met. In the event the franchisee fails to perform under the franchise agreement or defaults on the purchase obligations, the Company has the right to reacquire the franchise and to resell or operate that specific franchise. Franchise sales revenue recognized during the years ended December 31, 2015, 2014, and 2013 was $9,697,000 , $8,965,000 and $9,014,000 , respectively. Other franchise revenue is recognized when all revenue recognition criteria are met. Brokerage Revenue Brokerage revenue principally represents fees assessed by the Company-owned brokerages for services provided to their affiliated real estate agents. The Company recognizes brokerage revenue when all revenue recognition criteria are met. Because the independent contractors in the Company-owned brokerage offices operate as agents in a real estate transaction, their commissions earned and the related commission expenses incurred by the Company-owned brokerages are recorded on a net basis.
Selling, Operating and Administrative Expenses	Selling, Operating and Administrative Expenses Selling, operating and administrative expenses primarily consist of personnel costs, including salaries, benefits, payroll taxes and other compensation expenses, professional fees, rent and related facility operations expense, as well as other selling, operating and administrative expenses incurred in connection with marketing, expanding and supporting the Company’s franchise and brokerage operations.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include bank deposits, money market funds and other highly liquid investments purchased with an original purchase maturity of three months or less.
Escrow Cash-Restricted and Escrow Liabilities	Escrow Cash—Restricted and Escrow Liabilities Escrow cash—restricted and escrow liabilities in the accompanying Consolidated Balance Sheets as of December 31, 2014 reflect cash deposits received and held in escrow on pending sales of real estate properties prior to closing.
Accounts and Notes Receivable	Accounts and Notes Receivable Trade accounts receivable from the Company’s franchise operations are recorded at the time the Company is entitled to bill under the terms of the franchise agreements and other contractual arrangements and do not bear interest. The Company provides limited financing of certain franchise sales through the issuance of notes receivable that either bear interest at a rate of prime plus 2% or at a stated amount, which is fixed at the inception of the note with the associated earnings recorded in “Interest income” in the accompanying Consolidated Statements of Income. Amounts collected on notes receivable are included in “Net cash provided by operating activities” in the accompanying Consolidated Statements of Cash Flows. In circumstances where the Company has the contractual right to bill its franchisees, but where collectability is not sufficiently assured, the Company records a receivable and deferred revenue, which amounted to $930,000 and $917,000 as of December 31, 2015 and 2014, respectively. The Company records allowances against its accounts and notes receivable balances for estimated probable losses. Increases and decreases in the allowance for doubtful accounts are established based upon changes in the credit quality of receivables for which revenue has been recognized and are included as a component of “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income. The allowance for doubtful accounts and notes receivable are the Company’s best estimate of the amount of probable credit losses, and is based on historical experience, industry and general economic conditions, and the attributes of specific accounts. The Company’s reserve for accounts and notes receivable where collectability is remote is related to accounts and notes receivable for which revenue has not been recognized and is increased, with a corresponding reduction to deferred revenue, after the Company has determined that the potential for recovery is considered remote. Subsequently, if amounts contractually due from such accounts are collected, revenue is recognized on a cash basis. During the years ended December 31, 2015, 2014 and 2013, the Company recognized revenue of $472,000 , $484,000 and $596,000 , respectively upon the receipt of cash payments related to amounts that were contractually billed but for which collectability was either not sufficiently assured or considered remote. The activity in the Company’s allowances against accounts and notes receivable consists of the following (in thousands): Adjustments (to)/from Additions/charges deferred revenue, net, Balance at to cost and expense for for accounts where beginning of period allowances for doubtful accounts collectability is remote Deductions/write-offs Balance at end of period Year ended December 31, 2015 $ $ $ $ $ Year ended December 31, 2014 Year ended December 31, 2013 For the years ended December 31, 2015, 2014 and 2013, bad debt expense related to trade accounts and notes receivable was $433,000 , $630,000 and $604,000 , respectively, and is reflected in “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income.
Foreign Operations and Foreign Currency Translation	Foreign Operations and Foreign Currency Translation As of December 31, 2015, the Company, directly and through its franchisees, conducted operations in the U.S., Canada and 96 other countries . On December 31, 2014, the Company sold substantially all of the assets of its owned and operated regional franchising operations located in the Caribbean and Central America as described in Note 5, Acquisitions and Dispositions . As a result, since December 31, 2014, the only consolidated foreign subsidiary where the Company directly conducted franchise operations was in Western Canada. The functional currency for the Company’s domestic operations is the U.S. dollar and for its consolidated foreign subsidiaries is the applicable local currency for each foreign subsidiary. Assets and liabilities of foreign subsidiaries are translated at the spot rate in effect at the applicable reporting date, and the consolidated statements of income and cash flows are translated at the average exchange rates in effect during the applicable period. Exchange rate fluctuations on translating consolidated foreign currency financial statements into U.S. dollars that result in unrealized gains or losses are referred to as translation adjustments. Cumulative translation adjustments are recorded as a component of “Accumulated other comprehensive income,” a separate component of stockholders’ equity/member’s deficit, and periodic changes are included in comprehensive income. When the Company sells a part or all of its investment in a foreign entity resulting in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided, it releases any related cumulative translation adjustment into net income. Foreign currency denominated monetary assets and liabilities and transactions occurring in currencies other than the Company’s or the Company’s consolidated foreign subsidiaries’ functional currencies are recorded based on exchange rates at the time such transactions arise. Changes in exchange rates with respect to amounts recorded in the accompanying Consolidated Balance Sheets related to these non-functional currency transactions result in transaction gains and losses that are reflected in the accompanying Consolidated Statements of Income as “Foreign currency transaction losses.”
Property and Equipment	Property and Equipment Property and equipment, including leasehold improvements, are initially recorded at cost. Depreciation is provided for on a straight-line method over the estimated useful lives of each asset class and commences when the property is placed in service. Amortization of leasehold improvements is provided for on a straight-line method over the estimated benefit period of the related assets or the lease term, if shorter.
Franchise Agreements and Other Intangible Assets	Franchise Agreements and Other Intangible Assets The Company’s franchise agreements result from reacquired franchise rights, and are initially recorded based on the remaining contractual term of the franchise agreement and do not consider potential renewals in the determination of fair value. The Company amortizes the franchise agreements over their remaining contractual term on a straight-line basis. The Company also purchases and develops software for internal use. Software development costs incurred during the application development stage as well as upgrades and enhancements that result in additional functionality are capitalized. Costs incurred during the preliminary project and post-implementation-operation stages are expensed as incurred. Software development costs are generally amortized over a term of three to five years, its estimated useful life. Purchased software licenses are amortized over their estimated useful lives. In addition, the Company owns the principal trademarks, service marks and trade names that it uses in conjunction with operating its business. These intangible assets increase when the Company pays to file trademark applications in the U.S. and certain other jurisdictions globally. The Company’s trademarks are amortized on a straight-line basis over their estimated useful lives. The Company reviews its franchise agreements and other intangible assets subject to amortization for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated from such asset. Any excess of the carrying amount of an asset that exceeded its estimated cash flows would be charged to operations as an impairment loss. For each of the years ended December 31, 2015, 2014 and 2013, there were no impairments indicated for such assets.
Goodwill	Goodwill Goodwill is an asset representing the future economic benefits arising from the other assets acquired in a business combination that are not individually identified and separately recognized. The Company assesses goodwill for impairment at least annually or whenever an event occurs or circumstances change that would indicate impairment may have occurred at the reporting unit level. Reporting units are driven by the level at which management reviews operating results and are one level below the operating segment. The Company performs its required impairment testing annually on August 31. The Company’s impairment assessment begins with a qualitative assessment to determine if it is more likely than not that a reporting unit’s fair value is less than the carrying amount. The initial qualitative assessment includes comparing the overall financial performance of the reporting units against the planned results as well as other factors which might indicate that the reporting unit’s value has declined since the last assessment date. If it is determined in the qualitative assessment that it is more likely than not that the fair value of a reporting unit is less than its carrying value, then the standard two-step quantitative impairment test is performed. The first step of the quantitative impairment test consists of comparing the estimated fair value of each reporting unit with its carrying amount, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying value, then it is not considered impaired and no further analysis is required. If the first step of the quantitative impairment test indicates that the estimated fair value of a reporting unit is less than its carrying value, then impairment potentially exists and the second step of the quantitative impairment test is performed to measure the amount of goodwill impairment. Goodwill impairment exists when the estimated implied fair value of a reporting unit’s goodwill is less than its carrying value. During 2015 and 2014, the Company performed the qualitative impairment assessment for all of its reporting units by evaluating, among other things, market and general economic conditions, entity-specific events, events affecting a reporting unit and the Company’s results of operations and key performance measures. The Company concluded subsequent to the completion of the qualitative impairment assessment that the fair value of each of the Company’s reporting units significantly exceed their respective carrying values. As a result, the Company did not perform the quantitative test, and no indicators of impairment existed during the years ended December 31, 2015 and 2014 . During 2013, the Company performed its annual assessment of goodwill utilizing the quantitative impairment test and the fair value of the Company’s reporting units significantly exceeded the carrying value. Thus, no indicators of impairment existed during the year ended December 31, 2013.
Investments in Equity-Method Investees	Investments in Equity-Method Investees The investments in entities in which the Company does not have a controlling interest (financial or operating), but where it has the ability to exercise significant influence over operating and financial policies are accounted for using equity-method investment accounting. The primary equity-method investment of the Company is a 50% interest in a residential mortgage operation and is recorded as “Investments in equity method investees” in the accompanying Consolidated Balance Sheets as of December 31, 2014. As the Company exerts significant influence over this investment, but does not control it, the Company records its share of earnings and distributions from this investment using the equity method of accounting. The excess of cost of the investment over the Company’s share of the investee’s net assets at the acquisition date is considered to be goodwill. The Company would recognize an impairment loss when there is a loss in value in the equity-method investment, which is other than temporary. The Company’s investment in equity method investees and related equity in earnings of investees is entirely attributable to the Brokerages reportable segment. As described in Note 5, Acquisitions and Dispositions , the Company sold certain operating assets and liabilities of Sacajawea, LLC on December 31, 2015, including the Company’s equity-method investments. As a result, the Company had no “Investments in equity-method investees” reflected in the accompanying Consolidated Balance Sheets as of December 31, 2015.
Fair Value Measurements	Fair Value Measurements The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: · Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. · Level 2 Inputs: Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. · Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date. The carrying amounts for many of the Company’s financial instruments, including cash and cash equivalents, escrow cash – restricted, accounts receivable and notes receivable, accounts payable and escrow liabilities approximate fair value due to their short maturities. The estimated fair value of the Company’s debt represents the amounts that would be paid to transfer or redeem the debt in an orderly transaction between market participants and maximizes the use of observable inputs. For disclosures related to the fair value measurement of the Company’s debt, see Note 9, Debt. No non-recurring fair value adjustments were recorded during the years ended December 31, 2015 and 2014 .
Income Taxes	Income Taxes The Company accounts for income taxes under the asset and liability method prescribed by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 740, Income Taxes . As a result of RE/MAX Holdings’ acquisition of Common Units from RMCO, RE/MAX Holdings expects to benefit from amortization and other tax deductions reflecting the step-up in tax basis and share of RE/MAX Holdings’ inside tax basis in the acquired assets. Those deductions will be used by RE/MAX Holdings and will be taken into account in determining RE/MAX Holdings’ taxable income. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Management periodically assesses the recoverability of its deferred tax assets based upon expected future earnings, future deductibility of the asset, changes in applicable tax laws and other factors. If management determines that it is not probable that the deferred tax asset will be fully recoverable in the future, a valuation allowance may be established for the difference between the asset balance and the amount expected to be recoverable in the future. The allowance will result in a charge to the Company’s Consolidated Statements of Income. Further, the Company records its income taxes receivable and payable based upon its estimated income tax liability. RMCO complies with the requirements of the Internal Revenue Code that are applicable to limited liability companies that have elected to be treated as partnerships, which allow for the complete pass-through of taxable income or losses to RMCO’s unitholders, who are individually responsible for any federal tax consequences. Therefore, no federal tax provision was recorded in RMCO’s consolidated financial statements in the periods prior to October 7, 2013. Subsequently, the tax provision includes the federal income tax obligation related to RE/MAX Holdings’ allocated portion of RMCO’s income. RMCO is subject to certain state and local taxes, and its global subsidiaries are subject to tax in certain jurisdictions. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs.
Equity Based Compensation	Equity-Based Compensation The Company recognizes compensation expense associated with equity-based compensation as a component of “Selling, operating and administrative expenses” in the accompanying Consolidated Statements of Income. All equity-based compensation is required to be measured at fair value, is expensed over the requisite service period and requires an estimate of forfeitures when calculating compensation expense. The Company recognizes compensation expense on awards on a straight-line basis over the requisite service period for the entire award. Refer to Note 12, Equity-Based Compensation, for additional discussion regarding details of the Company’s equity-based compensation plans.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Under the Jumpstart Our Business Startups Act (“JOBS Act”), the Company meets the definition of an emerging growth company. The Company has irrevocably elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In November 2015, the FASB issued Accounting Standards Update (“ASU”) 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes, which requires that deferred tax assets and liabilities be classified as non-current in a classified balance sheet. ASU 2015-17 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2016. The standard permits the use of either the retrospective or prospective transition method. The adoption of this standard is expected to impact the presentation of current and non-current deferred tax assets and liabilities within the Company’s consolidated balance sheets and related disclosures, but will not affect the Company’s consolidated results of operations. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting Measurement-Period Adjustments , which eliminates the requirement for an entity to retrospectively adjust the financial statements for measurement-period adjustments that occur in periods after a business combination is completed. ASU 2015-16 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. The adoption of this standard is not expected to have a significant impact on the Company’s consolidated financial statements and related disclosures. In June 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements , which both clarifies and simplifies content in the FASB Accounting Standards Codification and corrects unintended application of U.S. GAAP. ASU 2015-10 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. The adoption of this standard is not expected to have a significant impact on the Company’s consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU 2015-05, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement , which provides guidance on fees paid in a cloud computing arrangement and clarifies the accounting for a software license element of a cloud computing arrangement. ASU 2015-05 is effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. The standard permits the use of either the retrospective or prospective transition method. The adoption of this standard is not expected to have a significant impact on the Company’s consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs , which requires an entity to present debt issuance costs related to a debt liability as a direct deduction from the debt liability rather than as an asset. ASU 2015-03 is effective retrospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2015. The adoption of this standard is expected to impact the presentation of certain financial statement line items within the Company’s consolidated balance sheets and related disclosures, but will not affect the Company’s consolidated results of operations. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) , which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , which defers the effective date of the guidance in ASU 2014-09 by one year. ASU 2014-09 is now effective for fiscal years, and interim reporting periods within those years, beginning after December 15, 2017. Early application is permitted for annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The standard permits the use of either the retrospective or cumulative effect transition method. The Company has not yet selected a transition method nor has it determined the effect of the standard on its consolidated financial statements and related disclosures. In April 2014, the FASB issued ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity . ASU 2014-08 limits discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results. ASU 2014-08 also provides guidance on the financial statement presentation and disclosures of discontinued operations. ASU 2014-08 became effective prospectively for the Company on January 1, 2015 and dispositions that occurred during 2015 did not qualify as discontinued operations. See Note 5, Acquisitions and Dispositions , for additional information.

Summary of Significant Accoun28

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies
Schedule of Annual Dues Deferred Revenue	Balance at beginning of period New billings Revenue recognized Balance at end of period Year ended December 31, 2015 $ $ $ $ Year ended December 31, 2014 Year ended December 31, 2013
Schedule of Allowances Against Accounts and Notes Receivable	Adjustments (to)/from Additions/charges deferred revenue, net, Balance at to cost and expense for for accounts where beginning of period allowances for doubtful accounts collectability is remote Deductions/write-offs Balance at end of period Year ended December 31, 2015 $ $ $ $ $ Year ended December 31, 2014 Year ended December 31, 2013

Non-controlling Interest (Table

Non-controlling Interest (Tables)	12 Months Ended
	Dec. 31, 2015
Noncontrolling Interest
Summary of Ownership of the Common Units	The ownership of the common units in RMCO is summarized as follows: As of December 31, 2015 2014 Shares Ownership % Shares Ownership % Non-controlling unitholders ownership of common units in RMCO % % RE/MAX Holdings, Inc. outstanding Class A common stock (equal to RE/MAX Holdings, Inc. common units in RMCO) % % Total common units in RMCO % 29,502,641 %
Summary of Reconciliation from Income Before Provision for Income Taxes to Net Income	The weighted average ownership percentages for the applicable reporting period are used to calculate the net income attributable to RE/MAX Holdings. A reconciliation from “Income before provision for income taxes” to “Net income attributable to RE/MAX Holdings, Inc.” for the periods indicated is detailed as follows (in thousands, except percentages): Period from Year Ended Year Ended October 7 through December 31, 2015 December 31, 2014 December 31, 2013 Income before provision for income taxes attributable to RE/MAX Holdings, Inc. $ $ $ Provision for income taxes attributable to RE/MAX Holdings, Inc. Net income attributable to RE/MAX Holdings, Inc. $ $ $
Summary of Reconciliation of Provision for Income Taxes	A reconciliation of the “Provision for income taxes” for the periods indicated is detailed as follows (in thousands): Period from Year Ended Year Ended October 7 through December 31, 2015 December 31, 2014 December 31, 2013 Provision for income taxes attributable to RE/MAX Holdings, Inc. (a) $ $ $ Provision for income taxes attributable to entities other than RE/MAX Holdings, Inc. (b) Provision for income taxes $ $ $ (a) The provision for income taxes attributable to RE/MAX Holdings includes all U.S. federal and state income taxes as well as RE/MAX Holdings’ proportionate share of the net assets of RMCO of the taxes imposed directly on RE/MAX, LLC, a wholly-owned subsidiary of RMCO, related to tax liabilities in certain foreign jurisdictions of approximately $1,280,000 and $1,339,000 for the years ended December 31, 2015 and 2014, respectively, and $120,000 for the period from October 7, 2013 through December 31, 2013. (b) The provision for income taxes attributable to entities other than RE/MAX Holdings represents primarily taxes imposed directly on RE/MAX, LLC related to tax liabilities in certain foreign jurisdictions that are allocated to the non-controlling interest.

Earnings Per Share and Divide30

Earnings Per Share and Dividends (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share and Dividends
Reconciliation of Numerator and Denominator used in Basic and Diluted EPS Calculations	The following is a reconciliation of the numerator and denominator used in the basic and diluted EPS calculations (in thousands, except shares and per share information): Period from Year Ended Year Ended October 7 through December 31, 2015 December 31, 2014 December 31, 2013 Numerator Net income attributable to RE/MAX Holdings, Inc. $ $ $ Denominator for basic net income per share of Class A common stock Weighted average shares of Class A common stock outstanding Denominator for diluted net income per share of Class A common stock Weighted average shares of Class A common stock outstanding Add dilutive effect of the following: Stock options Restricted stock units Weighted average shares of Class A common stock outstanding, diluted Earnings per share of Class A common stock Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, basic $ $ $ Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock, diluted $ $ $
Schedule of Dividends Declared and Paid Quarterly per Share	Dividends declared and paid quarterly per share on all outstanding shares of Class A common stock by the Company’s Board of Directors during years ended December 31, 2015 and 2014 were as follows: Year Ended December 31, 2015 2014 Per share Date paid Per share Date paid Dividend declared during quarter ended: March 31 $ April 8, 2015 $ April 18, 2014 June 30 June 4, 2015 June 5, 2014 September 30 September 3, 2015 September 3, 2014 December 31 November 27, 2015 December 4, 2014 $ $

Acquisitions and Dispositions (

Acquisitions and Dispositions (Tables)	12 Months Ended
	Dec. 31, 2015
HBN and Tails
Business Acquisition Pro Forma Information [Line Items]
Summary of Estimated Fair Value of Assets and Liabilities at Acquisition Date	The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the acquisition date (in thousands): HBN Tails Total Accounts and notes receivable, net $ $ $ Other current assets Franchise agreements Goodwill Other assets — Accrued liabilities Total purchase price $ $ $
RE/MAX of Texas
Business Acquisition Pro Forma Information [Line Items]
Summary of Unaudited Pro Forma Information	The following table provides the major classes of assets and liabilities held for sale for the period indicated (in thousands): As of December 31, 2015 Assets held for sale Accounts and notes receivable, current portion $ Other current assets Property and equipment, net of accumulated depreciation of $402 Total assets held for sale $ Liabilities held for sale Accounts payable $ Accrued liabilities Deferred revenue and deposits Other current liabilities Other liabilities, net of current portion Total liabilities held for sale $
HBN, Tails and RE/MAX of Texas
Business Acquisition Pro Forma Information [Line Items]
Summary of Unaudited Pro Forma Information	The following unaudited pro forma financial information reflects the consolidated results of operations of the Company as if the acquisitions of HBN, Tails and RE/MAX of Texas had occurred on January 1, 2012. The historical financial information has been adjusted to give effect to events that are (1) directly attributed to the acquisition, (2) factually supportable and (3) expected to have a continuing impact on the combined results. Such items include interest expense related to debt issued to fund the acquisition of RE/MAX of Texas as well as additional amortization expense associated with the valuation of the acquired franchise agreement. This unaudited pro forma information should not be relied upon as necessarily being indicative of the historical results that would have been obtained if the acquisition had actually occurred on that date, nor of the results that may be obtained in the future. Year Ended December 31, 2013 (unaudited) (in thousands) Total revenue $ Net income

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property and Equipment [Abstract]
Property and Equipment	Property and equipment, excluding property and equipment, net of accumulated depreciation of $272,000 classified as held for sale as of December 31, 2015 and presented in “Assets held for sale” in the accompanying Consolidated Balance Sheets, consist of the following (in thousands): As of December 31, Depreciable Life 2015 2014 Leasehold improvements Shorter of estimated useful life or life of lease $ $ Office furniture, fixtures and equipment 2 - 10 years Equipment under capital leases Shorter of estimated useful life or life of lease Less accumulated depreciation $ $

Intangible Assets and Goodwill

Intangible Assets and Goodwill (Tables)	12 Months Ended
	Dec. 31, 2015
Intangible Assets and Goodwill
Schedule of components of intangible assets	The following table provides the components of the Company’s intangible assets (in thousands, except weighted average amortization period in years): Weighted Average As of December 31, 2015 As of December 31, 2014 Amortization Initial Accumulated Net Initial Accumulated Net Period Cost Amortization Balance Cost Amortization Balance Franchise agreements $ $ $ $ $ $ Other intangible assets: Software (a) $ $ $ $ $ $ Trademarks Total other intangible assets $ $ $ $ $ $ (a) As of December 31, 2015 and December 31, 2014, capitalized software development costs of $3,165,000 and $857,000 , respectively, were recorded in “Other intangible assets” in the accompanying Consolidated Balance Sheets. As of these dates, the associated information technology infrastructure projects were not complete and ready for their intended use and thus were not subject to amortization.
Schedule of estimated future amortization of intangible assets, other than goodwill	As of December 31, 2015, the estimated future amortization of intangible assets, other than goodwill, is as follows (in thousands): Year ending December 31: 2016 $ 2017 2018 2019 2020 Thereafter $
Schedule of changes to goodwill	Amounts recorded as goodwill in the accompanying Consolidated Balance Sheets are attributable to the Real Estate Franchise Services reportable segment. The following table presents changes to goodwill for the years ended December 31, 2015 and 2014 (in thousands): Balance, January 1, 2014 $ Effect of changes in foreign currency exchange rates Balance, December 31, 2014 Effect of changes in foreign currency exchange rates Balance, December 31, 2015 $

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2015
Accrued Liabilities
Schedule of Accrued Liabilities	As of December 31, 2015 2014 Accrued payroll and related employee costs (a) $ $ Accrued property taxes Accrued professional fees Lease-related accruals Other (b) $ $ (a) Accrued payroll and related employee costs include $1,009,000 and $500,000 of accrued severance and benefits expenses as of December 31, 2015 and 2014, respectively, related to the retirement of the Company’s former President on August 19, 2015 and former Chief Executive Officer on December 31, 2014, as discussed in Note 13, Leadership Changes and Restructuring Activities . Other accrued liabilities include $3,251,000 payable in connection with the December 28, 2015 judgment resulting from the litigation matter concerning the Company’s acquisition of the net assets of HBN, as discussed in Note 14, Commitments and Contingencies.

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Debt
Schedule of debt	Debt consists of the following (in thousands): As of December 31, 2015 2014 2013 Senior Secured Credit Facility, principal of $520 payable quarterly, matures in July 2020, net of unamortized discount of $751 and $360 as of December 31, 2015 and 2014, respectively $ $ Less current portion $ $
Schedule of Maturities of Debt	Maturities of debt are as follows as of December 31, 2015 (in thousands): Year ending December 31: 2016 $ 2017 2018 2019 2020 $
Summary of carrying value and fair value of debt	The following table summarizes the carrying values and fair values of the 2013 Senior Secured Credit Facility as of December 31, 2015 and 2014 (in thousands): As of December 31, 2015 2014 Carrying Amounts Estimated Fair Value Carrying Amounts Estimated Fair Value 2013 Senior Secured Credit Facility $ $ $ $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes
Schedule of Income Before Provision for Income Taxes	Income before provision for income taxes” as shown in the accompanying Consolidated Statements of Income is comprised of the following (in thousands): Year Ended December 31, 2015 2014 2013 Domestic $ $ $ Foreign Total $ $ $
Schedule of Components of Provision for Income Taxes	Components of the “Provision for income taxes” in the accompanying Consolidated Statements of Income consist of the following (in thousands): Year Ended December 31, 2015 2014 2013 Current Federal $ $ $ Foreign State and local Total current expense Deferred expense Federal Foreign State and local Total deferred expense Provision for income taxes $ $ $
Schedule of Reconciliation of U.S. Statutory Income Tax Rate to Company's Effective Tax Rate	A reconciliation of the U.S. statutory income tax rate to the Company’s effective tax rate is as follows: Year Ended December 31, 2015 2014 2013 U.S. statutory tax rate Increase due to state and local taxes, net of federal benefit Effect of permanent differences Income attributable to non-controlling interests -19.6% -19.8% -28.7% Effective tax rate
Summary of Deferred Tax Assets and Liabilities	These temporary differences result in taxable or deductible amounts in future years. Details of the Company’s deferred tax assets and liabilities are summarized as follows (in thousands): As of December 31, 2015 2014 Current deferred tax assets Compensation and benefits $ $ Allowance for doubtful accounts Accrued liabilities — Deferred revenue Other Total current deferred tax assets (a) Long-term deferred tax assets Goodwill, other intangibles and other assets (b) Imputed interest deduction pursuant to tax receivable agreements Rent liabilities Other Total long-term deferred tax assets Long-term deferred tax liabilities Property and equipment and other long-lived assets Investments in equity method investees — Total long-term deferred tax liabilities Net long-term deferred tax assets Total deferred tax assets and liabilities $ $ (a) Current deferred tax assets are included in “Other current assets” in the accompanying Consolidated Balance Sheets. Long-term deferred tax assets related to goodwill, other intangibles and other assets and liabilities increased primarily due to the increase in the tax basis of certain intangible assets resulting from RE/MAX Holdings’ increased investment in RMCO from the Secondary Offering. In connection with the Secondary Offering, a long-term deferred tax asset of $43,774,000 was recorded in the accompanying Consolidated Balance Sheets.

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2015
Equity-Based Compensation
Summary of Equity-Based Compensation Activity	The following table summarizes the Company’s activity for restricted stock units for the year ended December 31, 2015: Restricted Stock Units Balance, January 1, 2015 Granted Forfeited Delivered and exchanged for shares of Class A common stock (a) Cancelled (b) Balance, December 31, 2015 As of December 31, 2015 Vested — Unvested (a) In connection with a retirement agreement entered into with the Company’s former President as described in Note 13, Leadership Changes and Restructuring Activities , 7,576 unvested restricted stock units granted in October 2013 vested in August 2015 on an accelerated timeline. As such, incremental equity-based compensation expense of $216,000 was recognized during the year ended December 31, 2015. (b) During the year ended December 31, 2015, 22,799 restricted stock units vested, of which 7,933 shares were withheld and cancelled with an estimated value of $295,000 to cover the Company’s minimum statutory tax withholding obligation.
Valuation Assumptions for Grants	The risk-free rate for the expected term of the option was based on the U.S. Treasury yield curve at the date of grant. 2013 Valuation assumptions: Expected dividend yield — % Expected volatility % Expected term (years) Risk-free interest rate %
Summary of Stock Option Activity	The following table summarizes the Company’s stock option activity for the year ended December 31, 2015 (weighted average remaining contractual term in years and aggregate intrinsic value in thousands): Weighted Average Weighted Average Remaining Aggregate Options Exercise Price Contractual Term Intrinsic Value Balance at January 1, 2015 Granted — Exercised $ Forfeited — Forfeited — Balance at December 31, 2015 (a) $ Exercisable at December 31, 2015 $

Leadership Changes and Restru38

Leadership Changes and Restructuring Activities (Tables)	12 Months Ended
	Dec. 31, 2015
Leadership Changes and Restructuring Activities
Summary of Estimated Fair Value Liability Established for the Aforementioned Severance and Other Related Costs	The following table presents a rollforward of the estimated fair value liability established for total severance and other related costs that occurred during the years ended December 31, 2015 and 2014, including those costs incurred for the aforementioned leadership changes and restructuring activities (in thousands): 2015 2014 Balance, January 1 $ $ — Severance and other related expenses Accretion — Cash payments Non-cash adjustment (a) Balance, December 31 $ $ (a) For the year ended December 31, 2015, the non-cash adjustment represents the non-cash equity-based compensation expense recorded for the accelerated vesting of 7,576 restricted stock units on August 19, 2015 pursuant to the terms of the Retirement Agreement as discussed in Note 12, Equity-Based Compensation . For the year ended December 31, 2014, the non-cash adjustment represents the non-cash equity-based compensation expense recorded for the accelerated vesting of 30,304 restricted stock units on December 31, 2014 pursuant to the terms of the Separation Agreement.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments And Contingencies Disclosure
Operating Leases Future Minimum Payments	Future minimum payments (including those allocated to an affiliate) under these leases and commitments, net of payments under sublease agreements, are as follows (in thousands): Rent Payments (a) Sublease Receipts Total Cash Outflows Year ending December 31: 2016 $ $ $ 2017 2018 2019 2020 Thereafter — $ $ $ (a) As described in Note 5, Acquisitions and Dispositions , the Company sold RE/MAX Equity Group and RE/MAX 100 in 2015. In connection with these sales, the Company assigned its obligations under and rights, title and interest in a total of 18 leases to the respective purchaser as described further below. As of December 31, 2015, the Company was no longer contractually obligated to make rental payments under the respective lease agreements except in the event of default by the purchaser, and thus are not reflected as future minimum rental payments. In addition, the Company sold RE/MAX Northwest on January 20, 2016 and the related assets and liabilities sold were classified as held for sale as of December 31, 2015. Total rental payments under the three related operating leases of $2,740,000 are reflected as future minimum rental payments for purposes of this table.

Related-Party Transactions (Tab

Related-Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions
Accounts receivable from affiliates and accounts payable to affiliates	As of December 31, 2015 2014 Accounts receivable from affiliates: RE/MAX of Texas Advertising Fund $ — $ Other — Total accounts receivable from affiliates — Accounts payable to affiliates: Central Atlantic Region Advertising Fund — Other Total accounts payable to affiliates Net accounts payable to affiliates $ $

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Information
Schedule of Revenue of the Company's Reportable Segments	The following tables present the results of the Company’s reportable segments for the years ended December 31, 2015, 2014 and 2013, respectively: Revenue (a) Year Ended December 31, 2015 2014 2013 (in thousands) Real Estate Franchise Services: Continuing franchise fees $ $ $ Annual dues Broker fees Franchise sales and other franchise revenue Brokerage revenue — — — Brokerages: Continuing franchise fees Annual dues Broker fees Franchise sales and other franchise revenue Brokerage revenue Total segment reporting revenues $ $ $ (a) Transactions between the Real Estate Franchise Services and the Brokerages reportable segments are eliminated in consolidation. Revenues for the Real Estate Franchise Services reportable segment include intercompany amounts paid from the Company’s brokerage services business of $1,587,000 , $1,844,000 and $1,536,000 for the years ended December 31, 2015, 2014 and 2013, respectively. Such amounts are eliminated through the Brokerages reportable segment .
Schedule of Adjusted EBITDA of the Company's Reportable Segments	Adjusted EBITDA Year Ended December 31, 2015 2014 2013 (in thousands) Real Estate Franchise Services $ $ $ Brokerages Total segment reporting adjusted EBITDA $ $ $
Reconciliation of Adjusted EBITDA for its Reportable Segments to Consolidated Balances	A reconciliation of the Company’s Adjusted EBITDA for its reportable segments to the Company’s consolidated balances is as follows: Year Ended December 31, 2015 2014 2013 (in thousands) Real Estate Franchise Services: Net income $ $ $ Depreciation and amortization Interest expense Interest income Provision for income taxes EBITDA (Gain) loss on sale or disposition of assets and sublease Loss on early extinguishment of debt Non-cash straight-line rent expense Equity-based compensation expense incurred prior to or in conjunction with the IPO — — Chairman executive compensation — — Public offering related expenses — Severance related expenses (a) — Acquisition related expenses (b) Adjusted EBITDA $ $ $ Brokerages: Net income $ $ $ Depreciation and amortization Interest expense Interest income — — — Provision (benefit) for income taxes EBITDA (Gain) loss on sale or disposition of assets and sublease Non-cash straight-line rent expense Adjusted EBITDA $ $ $ Consolidated: Net income $ $ $ Depreciation and amortization Interest expense Interest income Provision for income taxes EBITDA (Gain) loss on sale or disposition of assets and sublease Loss on early extinguishment of debt Non-cash straight-line rent expense Equity-based compensation expense incurred prior to or in conjunction with the IPO — — Chairman executive compensation — — Public offering related expenses — Severance related expenses (a) — Acquisition related expenses (b) Adjusted EBITDA $ $ $
Summary of Segment Long-Lived and Total Assets	(a) Severance related expenses include severance and other related expenses incurred in connection with the Restructuring Plan in 2014, the retirement of the Company’s former Chief Executive Officer on December 31, 2014 and subsequent organizational changes implemented during 2015, including the retirement of the Company’s former President on August 19, 2015. See Note 13, Leadership Changes and Restructuring Activities , for further details. (b) Acquisition related expenses include costs incurred in connection with the Company’s acquisitions of certain assets of HBN and Tails in October 2013, including legal, accounting and advisory fees as well as consulting fees for integration services. Acquisition related expenses also include a charge of $2,729,000 resulting from a judgment granted to the Defendants by the Court in the litigation concerning the net assets of HBN during the year ended December 31, 2015, as discussed in Note 14, Commitments and Contingencies . Segment long-lived and total assets are as follows: As of December 31, 2015 2014 (in thousands) Long-lived assets: Real Estate Franchise Services $ $ Brokerages (a) — Total long-lived assets $ $ Total assets: Real Estate Franchise Services $ $ Brokerages (a) Total assets $ $ The Company sold certain operating assets related to 18 owned brokerage offices in 2015 attributable to the Brokerages reportable segment and therefore, the related assets are not reflected in total long-lived assets nor total assets as of December 31, 2015 in the accompanying Consolidated Balance Sheets. Additionally, the sale of the operating assets of RE/MAX Northwest met the criteria to be classified as held for sale and thus are reflected in “Assets held for sale” in the accompanying Consolidated Balance Sheets as of December 31, 2015. See Note 5, Acquisitions and Dispositions , for further disclosures regarding these divestitures.
Schedule of Information Concerning Company's Principal Geographic Areas	Information concerning the Company’s principal geographic areas is as follows: As of and for the Year Ended December 31, 2015 2014 2013 (in thousands) Revenue (a): U.S. $ $ $ Canada Outside U.S. and Canada Total $ $ $ Total long-lived assets (b): U.S. $ $ Canada Outside U.S. and Canada — — Total $ $ Total assets: U.S. $ $ Canada Outside U.S. and Canada — Total $ $ (a) Revenue recognized for fees assessed by the Company-owned brokerages for services provided to their affiliated real estate agents is entirely attributable to the Company’s U.S. operations. Revenue recognized for franchise services provided to the agents and franchisees in the Company’s network relates to operations in the U.S., Canada and outside of the U.S. and Canada. Excludes deferred tax assets, net

Quarterly Financial Informati42

Quarterly Financial Information (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information [Abstract]
Schedule of Quarterly Financial Information	Summarized quarterly results for the years ended December 31, 2015 and 2014 were as follows: For the Quarter Ended March 31, 2015 June 30, 2015 September 30, 2015 December 31, 2015 (in thousands, except shares and per share amounts) Total revenue $ $ $ $ Total operating expenses Operating income Total other expenses, net Income before provision for income taxes Provision for income taxes Net income Less: net income attributable to non-controlling interest Net income attributable to RE/MAX Holdings, Inc. $ $ $ $ Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock Basic $ $ $ $ Diluted $ $ $ $ Weighted average shares of Class A common stock outstanding Basic Diluted For the Quarter Ended March 31, 2014 June 30, 2014 September 30, 2014 December 31, 2014 (in thousands, except shares and per share amounts) Total revenue $ $ $ $ Total operating expenses Operating income Total other expenses, net Income before provision for income taxes Provision for income taxes Net income Less: net income attributable to non-controlling interest Net income attributable to RE/MAX Holdings, Inc. $ $ $ $ Net income attributable to RE/MAX Holdings, Inc. per share of Class A common stock Basic $ $ $ $ Diluted $ $ $ $ Weighted average shares of Class A common stock outstanding Basic Diluted

Business and Organization (Deta

Business and Organization (Details)	Nov. 24, 2013USD ($)$ / sharesshares	Oct. 07, 2013USD ($)$ / sharesshares	Oct. 31, 2013	Dec. 31, 2015shares	Dec. 31, 2013USD ($)	Nov. 24, 2015shares	Dec. 31, 2014
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Minority economic interest in RMCO (as a percent)				58.33%
Preferred units, liquidation preference value		$ 49,850,000
Stock split, conversion ratio				0.25
Options to acquire shares granted | shares	675,000
Proceeds from issuance of Class A common stock in initial public offering		253,000,000			$ 235,922,000
Net proceeds from Initial Public Offering		235,922,500
Stock offering expenses					$ 5,972,000
Net proceeds received from IPO		$ 208,617,500
Number of common units purchased | shares		10,169,023
Portion of IPO proceeds reserved to pay for IPO expenses	$ 6,885,000
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross | shares	675,000
IPO
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Stock offering expenses		$ 17,077,500
Proceeds from the IPO to reacquire business		$ 27,305,000
RIHI
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Redemption Of Common Membership Stock Units | shares						4,500,000
Redemption Of Common Membership Units Amount	$ 23,267,000
RMCO, LLC
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Minority economic interest in RMCO (as a percent)		39.56%		58.33%			39.89%
Stock split, conversion ratio			25
Stock offering expenses		$ 5,972,000
Stock offering expenses		11,000,000
Remaining proceeds from IPO		$ 197,617,500
Redemption Of Common Membership Stock Units | shares		3,750,000
Redemption Of Common Membership Units Amount		$ 76,931,250
Class A common stock
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Common stock at public offering price per share | $ / shares	$ 36
Stock split, conversion ratio		1
Options to acquire shares granted | shares				787,500
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross | shares				787,500
New options issued to replace old options | shares				787,500
Class A common stock | IPO
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Issuance of common stock (in shares) | shares		11,500,000
Common stock at public offering price per share | $ / shares		$ 22
Class A common stock | RIHI
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Portion used for redemption of preferred membership interest and common units	$ 155,115,000
Class A common stock | RMCO, LLC
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]
Stock split, conversion ratio	1

Summary of Significant Accoun44

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)segmentcountry	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Oct. 07, 2013
Significant Accounting Policies [Line Items]
Number of reportable segments | segment	2
Minority economic interest in RMCO (as a percent)	58.33%
Deferred revenue, additions	$ 930,000	$ 917,000
Recognized revenue	472,000	484,000	$ 596,000
Impairment of goodwill	$ 0	0	0
Percentage of remaining cash savings from which the entity expects to benefit	15.00%
Federal tax provision incorporated	$ 0
Outside U.S. and Canada
Significant Accounting Policies [Line Items]
Number of countries in which entity operates | country	96
Residential mortgage operation
Significant Accounting Policies [Line Items]
Equity method investment, ownership percentage	50.00%
Software | Minimum
Significant Accounting Policies [Line Items]
Useful life of intangible assets	3 years
Software | Maximum
Significant Accounting Policies [Line Items]
Useful life of intangible assets	5 years
Accounts Receivable
Significant Accounting Policies [Line Items]
Accounts and notes receivable interest rate percentage	2.00%
Franchise Agreements
Significant Accounting Policies [Line Items]
Franchise revenue recognized	$ 9,697,000	$ 8,965,000	$ 9,014,000
RMCO, LLC
Significant Accounting Policies [Line Items]
Minority economic interest in RMCO (as a percent)	58.33%	39.89%		39.56%
RIHI and Weston Presidio
Significant Accounting Policies [Line Items]
Percentage of cash savings in federal, state and local taxes to be paid in cash under tax receivable agreements	85.00%

Summary of Significant Accoun45

Summary of Significant Accounting Policies - Schedule of Annual Dues Deferred Revenue (Detail) - Annual Dues - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred Revenue Arrangement [Line Items]
Deferred revenue recognition period	12 months
Balance at beginning of period	$ 12,912	$ 12,344	$ 11,599
New billings	31,952	31,294	30,269
Revenue recognized	(31,758)	(30,726)	(29,524)
Balance at end of period	$ 13,106	$ 12,912	$ 12,344

Summary of Significant Accoun46

Summary of Significant Accounting Policies - Schedule of Allowances Against Accounts and Notes Receivable (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Receivables [Abstract]
Balance at beginning of period	$ 4,495	$ 4,122	$ 3,913
Additions/ charges to cost and expense for allowances for doubtful accounts	433	630	604
Adjustments (to)/from deferred revenue, net, for accounts where collectability is remote	(80)	228	(160)
Deductions/ write-offs	(365)	(485)	(235)
Balance at end of period	$ 4,483	$ 4,495	$ 4,122

Non-controlling Interest - Narr

Non-controlling Interest - Narrative (Details) - USD ($)	Feb. 24, 2015	Feb. 29, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Oct. 07, 2013
Significant Accounting Policies [Line Items]
Minority economic interest in RMCO (as a percent)			58.33%
Exercise of stock options, Shares			624,443
Tax distribution rate			46.20%
Distributions for taxes, non-controlling unitholders				$ 17,765,000	$ 19,614,000
Maximum cash distribution			$ 8,000,000
Other distributions, non-controlling unitholders			42,827,000	4,432,000	8,000,000
Other distributions, non-controlling unitholders, dividends			35,469,000
Other distributions, non-controlling unitholders, discretionary	$ 1,884,000		7,358,000
Distributions declared to non-controlling unitholders				0	$ 0
Current portion of payable pursuant to tax receivable agreements			8,478,000	3,914,000
Amounts paid pursuant to Tax Receivable Agreements (TRAs)			0	$ 986,000
RIHI
Significant Accounting Policies [Line Items]
Liability representing the payments due pursuant to tax receivable agreements			100,035,000
Current portion of payable pursuant to tax receivable agreements			8,478,000
RIHI | Subsequent Event
Significant Accounting Policies [Line Items]
Amounts paid pursuant to Tax Receivable Agreements (TRAs)		$ 1,344,000
RIHI | 2014 Tax Returns
Significant Accounting Policies [Line Items]
Current portion of payable pursuant to tax receivable agreements			$ 3,848,000
RMCO, LLC
Significant Accounting Policies [Line Items]
Minority economic interest in RMCO (as a percent)			58.33%	39.89%		39.56%
Non-controlling unitholders ownership of common units in RMCO as a percentage			41.67%	60.11%
Class A common stock
Significant Accounting Policies [Line Items]
Exercise of stock options, Shares			624,443
Restricted stock, vested			14,866
Issuance of Class A common stock, equity-based compensation plans, shares			2,001
Secondary Offering | RIHI
Significant Accounting Policies [Line Items]
Portion of liability under tax receivable agreements recorded during current period			$ 33,018,000

Non-controlling Interest - Owne

Non-controlling Interest - Ownership of common units in RMCO (Details) - shares	Dec. 31, 2015	Dec. 31, 2014	Oct. 07, 2013
Ownership Percentage [Abstract]
RE/MAX Holdings, Inc. outstanding Class A common stock (equal to RE/MAX Holdings, Inc. common units	58.33%
RMCO, LLC
Shares [Abstract]
Non-controlling unitholders ownership of common units in RMCO	12,559,600	17,734,600
RE/MAX Holdings, Inc. outstanding Class A common stock (equal to RE/MAX Holdings, Inc. common units	17,584,351	11,768,041
Total number of common stock units	30,143,951	29,502,641
Ownership Percentage [Abstract]
Non-controlling unitholders ownership of common units in RMCO as a percentage	41.67%	60.11%
RE/MAX Holdings, Inc. outstanding Class A common stock (equal to RE/MAX Holdings, Inc. common units	58.33%	39.89%	39.56%
Total percentage of common stock units	100.00%	100.00%

Non-controlling Interest - Net

Non-controlling Interest - Net income reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Noncontrolling Interest
Income before provision for income taxes	$ 14,117	$ 18,470	$ 19,515	$ 11,278	$ 9,435	$ 17,171	$ 17,638	$ 9,683		$ 63,380	$ 53,927	$ 31,096
Income before provision for income taxes attributable to RE/MAX Holdings, Inc.									$ 2,393	26,797	21,339
Provision for income taxes attributable to RE/MAX Holdings, Inc.									(887)	(10,142)	(7,903)
Net income attributable to RE/MAX Holdings, Inc.	$ 4,046	$ 4,797	$ 4,970	$ 2,751	$ 2,376	$ 4,275	$ 4,377	$ 2,408	$ 1,506	$ 16,655	$ 13,436

Non-controlling Interest - Prov

Non-controlling Interest - Provision for income taxes reconciliation (Details) - USD ($)	3 Months Ended									12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Minority Interest [Line Items]
Provision for income taxes attributable to RE/MAX Holdings, Inc.									$ (887,000)	$ (10,142,000)	$ (7,903,000)
Provision for income taxes attributable to noncontrolling interest									(184,000)	(1,888,000)	(2,045,000)
Provision for income tax expense	$ (3,148,000)	$ (3,277,000)	$ (3,457,000)	$ (2,148,000)	$ (1,818,000)	$ (3,116,000)	$ (3,129,000)	$ (1,885,000)	(1,071,000)	(12,030,000)	(9,948,000)	$ (2,844,000)
RE/MAX, LLC | Certain foreign jurisdictions
Minority Interest [Line Items]
Provision for income tax expense									$ 120,000	$ 1,280,000	$ 1,339,000

Earnings Per Share and Divide51

Earnings Per Share and Dividends - Reconciliation of the numerator and denominator used in basic and diluted EPS calculations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Numerator
Net income attributable to RE/MAX Holdings, Inc.	$ 4,046	$ 4,797	$ 4,970	$ 2,751	$ 2,376	$ 4,275	$ 4,377	$ 2,408	$ 1,506	$ 16,655	$ 13,436
Denominator for basic net income per share of Class A common stock
Weighted average shares outstanding, basic	14,283,839	12,333,690	12,225,678	11,817,605	11,662,874	11,579,669	11,593,885	11,607,971	11,607,971	12,671,051	11,611,164	11,607,971
Denominator for diluted net income per share of Class A common stock
Basic	14,283,839	12,333,690	12,225,678	11,817,605	11,662,874	11,579,669	11,593,885	11,607,971	11,607,971	12,671,051	11,611,164	11,607,971
Add dilutive effect of the following:
Weighted average shares of Class A common stock outstanding, diluted	14,351,911	12,420,748	12,399,527	12,293,505	12,259,440	12,229,010	12,230,014	12,254,474	12,234,905	12,829,214	12,241,977	12,234,905
Net income attributable to RE/MAX Holdings, Inc. per share
Basic	$ 0.28	$ 0.39	$ 0.41	$ 0.23	$ 0.20	$ 0.37	$ 0.38	$ 0.21	$ 0.13	$ 1.31	$ 1.16	$ 0.13
Diluted	$ 0.28	$ 0.39	$ 0.40	$ 0.22	$ 0.19	$ 0.35	$ 0.36	$ 0.20	$ 0.12	$ 1.30	$ 1.10	$ 0.12
Employee Stock Option
Add dilutive effect of the following:
Dilutive effect									597,895	130,001	578,888
Restricted Stock Units (RSUs)
Add dilutive effect of the following:
Dilutive effect									29,039	28,162	51,925

Earnings Per Share and Divide52

Earnings Per Share and Dividends - Additional Information (Details) - USD ($)	Feb. 24, 2016	Nov. 27, 2015	Sep. 03, 2015	Jun. 04, 2015	Apr. 08, 2015	Dec. 04, 2014	Sep. 03, 2014	Jun. 05, 2014	Apr. 18, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Dividends Payable [Line Items]
Dividends to Class A common stockholders										$ 24,003,000	$ 2,901,000
Dividends paid										$ 24,003,000	$ 2,901,000
Cash dividends declared per share		$ 0.1250	$ 0.1250	$ 0.1250	$ 1.6250	$ 0.0625	$ 0.0625	$ 0.0625	$ 0.0625	$ 2	$ 0.25
Distributions declared to non-controlling unitholders											$ 0	$ 0
Class A common stock
Dividends Payable [Line Items]
Dividends to Class A common stockholders										$ 24,003,000	$ 2,901,000
Subsequent Event | Quarterly dividend | Class A common stock
Dividends Payable [Line Items]
Cash dividends declared per share	$ 0.15

Earnings Per Share - Dividends

Earnings Per Share - Dividends (Detail) - $ / shares	Nov. 27, 2015	Sep. 03, 2015	Jun. 04, 2015	Apr. 08, 2015	Dec. 04, 2014	Sep. 03, 2014	Jun. 05, 2014	Apr. 18, 2014	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share and Dividends
Dividends declared per share	$ 0.1250	$ 0.1250	$ 0.1250	$ 1.6250	$ 0.0625	$ 0.0625	$ 0.0625	$ 0.0625	$ 2	$ 0.25

Acquisitions and Dispositions -

Acquisitions and Dispositions - Additional Information (Detail)	Oct. 07, 2013USD ($)	Dec. 31, 2015USD ($)item	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)item	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Apr. 10, 2015item
Business Acquisition [Line Items]
Gain on sale or disposition of assets				$ 3,397,000	$ 14,000	$ (373,000)
RE/MAX Equity Group
Business Acquisition [Line Items]
Gain on sale or disposition of assets		$ 2,794,000
Number of brokerages having assets and liabilities sold | item		12		12
RE/MAX 100
Business Acquisition [Line Items]
Gain on sale or disposition of assets			$ 615,000
Number of brokerages having assets and liabilities sold | item							6
RE/MAX Caribbean Islands, Inc.
Business Acquisition [Line Items]
Sales price					100,000
Gain on sale or disposition of assets					$ 12,000
Term of regional franchise agreements					20 years
Business acquisition date					Jan. 1, 2015
Tails Inc.
Business Acquisition [Line Items]
Purchase consideration	$ 20,175,000
HBN and Tails
Business Acquisition [Line Items]
Remaining amortization period of franchise agreement				14 years
HBN
Business Acquisition [Line Items]
Purchase consideration	$ 7,130,000

Acquisitions and Dispositions55

Acquisitions and Dispositions - Summary of Estimated Fair Value of Assets and Liabilities at Acquisition Date (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Oct. 07, 2013
Business Acquisition [Line Items]
Goodwill	$ 71,871	$ 72,463	$ 72,781
HBN and Tails
Business Acquisition [Line Items]
Accounts and notes receivable, net				$ 2,434
Other current assets				29
Franchise agreements				23,008
Goodwill				2,032
Other assets				15
Accrued liabilities				(213)
Total purchase price				27,305
HBN
Business Acquisition [Line Items]
Accounts and notes receivable, net				354
Other current assets				17
Franchise agreements				6,515
Goodwill				321
Other assets				15
Accrued liabilities				(92)
Total purchase price				7,130
Tails Inc.
Business Acquisition [Line Items]
Accounts and notes receivable, net				2,080
Other current assets				12
Franchise agreements				16,493
Goodwill				1,711
Accrued liabilities				(121)
Total purchase price				$ 20,175

Acquisitions and Dispositions56

Acquisitions and Dispositions - Summary of Unaudited Pro Forma Information (Detail) - HBN and Tails $ in Thousands	12 Months Ended
	Dec. 31, 2013USD ($)
Business Acquisition [Line Items]
Total revenue	$ 165,113
Net income	$ 30,486

Acquisitions and Dispositions57

Acquisitions and Dispositions - Major Classes of Assets and Liabilities Held For Sale (Details)	Feb. 22, 2016USD ($)	Feb. 20, 2016Office	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Liabilities held for sale
Accrued liabilities			$ 16,000
Total liabilities held for sale			351,000
Property and equipment, accumulated depreciation			13,183,000	$ 19,993,000
Remax of New York, Inc. [Member] | Subsequent Event
Payments to Acquire Businesses, Gross	$ 8,500,000
Re Max North West Ltd | Subsequent Event
Number of Company-owned brokerage offices sold (in offices) | Office		3
Re Max North West Ltd | Held for sale
Assets held for sale
Accounts and notes receivable, current portion			54,000
Other current assets			28,000
Property and equipment, net of accumulated depreciation			272,000
Assets held for sale			354,000
Liabilities held for sale
Accounts payable			5,000
Accrued liabilities			16,000
Deferred revenue and deposits			154,000
Other current liabilities			10,000
Other liabilities, net of current portion			166,000
Total liabilities held for sale			351,000
Property and equipment, accumulated depreciation			$ 402,000

Property and Equipment - Proper

Property and Equipment - Property and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended			24 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 15,578	$ 22,654		$ 15,578
Less accumulated depreciation	(13,183)	(19,993)		(13,183)
Property and equipment, net	2,395	2,661		2,395
Depreciation expense	1,045	1,110	$ 2,181
Held for sale
Property Plant And Equipment [Line Items]
Property and equipment, net	272			272
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, gross	2,258	2,988		2,258
Office furniture, fixtures and equipment
Property Plant And Equipment [Line Items]
Property and equipment, gross	12,046	18,024		$ 12,046
Office furniture, fixtures and equipment | Minimum
Property Plant And Equipment [Line Items]
Depreciable life				2 years
Office furniture, fixtures and equipment | Maximum
Property Plant And Equipment [Line Items]
Depreciable life				10 years
Equipment Under Capital Leases
Property Plant And Equipment [Line Items]
Property and equipment, gross	$ 1,274	$ 1,642		$ 1,274

Intangible Assets and Goodwil59

Intangible Assets and Goodwill - Components of Company's Intangible Assets (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite Lived Intangible Assets [Line Items]
Amortization expense	$ 14,079,000	$ 14,206,000	$ 12,985,000
Franchise agreements
Finite Lived Intangible Assets [Line Items]
Initial Cost	162,438,000	162,835,000
Accumulated Amortization	(100,499,000)	(87,330,000)
Net Balance	$ 61,939,000	75,505,000
Franchise agreements | Weighted Average
Finite Lived Intangible Assets [Line Items]
Useful life of intangible assets	12 years 9 months 18 days
Other intangible assets
Finite Lived Intangible Assets [Line Items]
Initial Cost	$ 13,870,000	11,275,000
Accumulated Amortization	(8,929,000)	(8,550,000)
Net Balance	$ 4,941,000	2,725,000
Other intangible assets | Weighted Average
Finite Lived Intangible Assets [Line Items]
Useful life of intangible assets	8 years 8 months 12 days
Software
Finite Lived Intangible Assets [Line Items]
Initial Cost	$ 10,885,000	8,356,000
Accumulated Amortization	(7,325,000)	(7,126,000)
Net Balance	$ 3,560,000	1,230,000
Software | Weighted Average
Finite Lived Intangible Assets [Line Items]
Useful life of intangible assets	4 years 8 months 12 days
Trademarks
Finite Lived Intangible Assets [Line Items]
Initial Cost	$ 2,985,000	2,919,000
Accumulated Amortization	(1,604,000)	(1,424,000)
Net Balance	$ 1,381,000	1,495,000
Trademarks | Weighted Average
Finite Lived Intangible Assets [Line Items]
Useful life of intangible assets	14 years 6 months
Software Development
Finite Lived Intangible Assets [Line Items]
Capitalized costs	$ 3,165,000	$ 857,000

Intangible Assets and Goodwil60

Intangible Assets and Goodwill - Estimated Future Amortization of Intangible Assets, Other Than Goodwill (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Finite Lived Intangible Assets Future Amortization Expense Current And Five Succeeding Fiscal Years [Abstract]
2,016	$ 14,395
2,017	10,648
2,018	7,032
2,019	6,923
2,020	6,846
Thereafter	21,036
Net Balance	$ 66,880

Intangible Assets and Goodwil61

Intangible Assets and Goodwill - Schedule of Changes in Goodwill (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Changes to goodwill
Beginning Balance	$ 72,463	$ 72,781
Effect of changes in foreign currency exchange rates	(592)	(318)
Ending Balance	$ 71,871	$ 72,463

Accrued Liabilities - Schedule

Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Accrued Liabilities [Line Items]
Accrued liabilities held for sale	$ 16,000
Accrued payroll and related employee costs	8,040,000	$ 4,519,000
Accrued property taxes	1,594,000	1,622,000
Accrued professional fees	981,000	947,000
Lease-related accruals	354,000	773,000
Other	5,113,000	1,519,000
Accrued liabilities	16,082,000	9,380,000
HBN
Accrued Liabilities [Line Items]
Other	3,251,000
Chief Executive Officer
Accrued Liabilities [Line Items]
Accrued severance and benefits expenses related to retirement	$ 1,009,000	$ 500,000

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Less current portion	$ (14,805)	$ (9,460)
Debt, net of current portion	187,079	202,213
2013 Senior Secured Credit Facility
Debt Instrument [Line Items]
2013 Senior Secured Credit Facility, principal of $520 payable quarterly, matures in July 2020, net of unamortized discount of $751 and $360 as of December 31, 2015 and 2014, respectively	$ 201,884	$ 211,673

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Debt (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Debt
2,016	$ 14,805
2,017	2,078
2,018	2,078
2,019	2,078
2,020	181,596
Total debt	$ 202,635

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2013	Dec. 31, 2012	Apr. 16, 2010
Debt Instrument [Line Items]
Loss on early extinguishment of debt	$ 94,000	$ 178,000	$ 1,798,000
Excess cash flow payment	$ 7,320,000	14,627,000
2013 Senior Secured Credit Facility
Debt Instrument [Line Items]
Debt instrument, interest rate	4.25%
2013 Senior Secured Credit Facility First amendment | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	0.25%
2013 Senior Secured Credit Facility First amendment | Alternative Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	0.25%
2013 Senior Secured Credit Facility First amendment | Federal Funds Effective Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
2013 Senior Secured Credit Facility First amendment | Eurodollar rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%
2013 Senior Secured Credit Facility First amendment | Eurodollar rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Secured credit facility | 2013 Senior Secured Credit Facility
Debt Instrument [Line Items]
Loss on early extinguishment of debt, unamortized debt discount and issuance costs			1,664,000
Debt issuance costs			3,327,000
Unamortized debt discount			1,345,000
Debt Instrument, expense incurred			1,982,000
Loss on early extinguishment of debt	$ 94,000	178,000	134,000
Excess cash flow payment	12,727,000
Mandatory principal payments	520,000		$ 8,000,000
Secured credit facility | 2013 Senior Secured Credit Facility First amendment
Debt Instrument [Line Items]
Debt issuance costs	1,086,000
Unamortized debt discount	555,000
Debt Instrument, expense incurred	531,000
Revolving loan facility | 2010 Senior Secured Credit Facility
Debt Instrument [Line Items]
Credit facility, borrowing capacity						$ 10,000,000
Revolving loan facility | 2013 Senior Secured Credit Facility
Debt Instrument [Line Items]
Credit facility, borrowing capacity				$ 10,000,000
Available borrowings under the facility	$ 0	0
Revolving loan facility commitment fee on average daily amount of unused portion	0.50%
LIBOR loans | 2013 Senior Secured Credit Facility First amendment | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	3.25%
LIBOR loans | 2013 Senior Secured Credit Facility First amendment | Minimum
Debt Instrument [Line Items]
Variable interest rate floor	1.00%
ABR loans | 2013 Senior Secured Credit Facility First amendment | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Term loan | 2010 Senior Secured Credit Facility
Debt Instrument [Line Items]
Credit facility, borrowing capacity						$ 215,000,000
Term loan | 2010 Senior Secured Credit Facility Amendment
Debt Instrument [Line Items]
Credit facility, borrowing capacity					$ 45,000,000
Term loan | 2013 Senior Secured Credit Facility
Debt Instrument [Line Items]
Credit facility, borrowing capacity				$ 230,000,000
Debt amendment costs recorded as unamortized debt discount	$ 751,000	$ 360,000
Mandatory principal payments	$ 520,000

Debt - Schedule of Senior Secur

Debt - Schedule of Senior Secured Credit Facility (Detail) - 2013 Senior Secured Credit Facility - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long term debt, carrying amount	$ 201,884	$ 211,673
Estimated fair value
Debt Instrument [Line Items]
Long term debt, carrying amount		211,673
Level 2 | Carrying amounts
Debt Instrument [Line Items]
Long term debt, carrying amount	201,884
Long term debt, fair value	$ 198,583	$ 208,853

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Before Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Taxes
Domestic									$ 52,127	$ 40,103	$ 23,729
Foreign									11,253	13,824	7,367
Income before provision for income taxes	$ 14,117	$ 18,470	$ 19,515	$ 11,278	$ 9,435	$ 17,171	$ 17,638	$ 9,683	$ 63,380	$ 53,927	$ 31,096

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Provision for Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current
Federal										$ 5,451	$ 4,304	$ 348
Foreign										3,019	3,383	2,068
State and local										1,029	396	26
Total current expense										9,499	8,083	2,442
Deferred expense
Federal										2,333	1,741	366
Foreign										25	(5)	9
State and local										173	129	27
Total deferred expense										2,531	1,865	402
Provision for income tax expense	$ 3,148	$ 3,277	$ 3,457	$ 2,148	$ 1,818	$ 3,116	$ 3,129	$ 1,885	$ 1,071	$ 12,030	$ 9,948	$ 2,844

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of U.S. Statutory Income Tax Rate to Company's Effective Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Taxes
U.S. statutory tax rate	35.00%	35.00%	34.00%
Increase due to state and local taxes, net of federal benefit	2.60%	2.60%	2.60%
Effect of permanent differences	1.00%	0.60%	1.20%
Income attributable to non-controlling interests	(19.60%)	(19.80%)	(28.70%)
Effective tax rate	19.00%	18.40%	9.10%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Minority Interest [Line Items]
Net income taxes recievable (payable)	$ (451,000)	$ 576,000
Long-term deferred tax assets	3,332,000	1,370,000
Increase in net deferred tax asset	43,774,000	917,000	$ 69,711,000
Increase in payment to tax receivable agreements	33,018,000	$ 436,000	$ 68,840,000
Immaterial errors in income tax accounts and other matters relating to TRAs | Restatement Adjustment [Member]
Minority Interest [Line Items]
Increase in net deferred tax asset	917,000
Increase in payment to tax receivable agreements	$ 436,000
Minimum
Minority Interest [Line Items]
Income tax examination, period	3 years
Maximum | RE/MAX, LLC
Minority Interest [Line Items]
Income tax examination, period	4 years

Income Taxes - Summary of Defer

Income Taxes - Summary of Deferred Tax Assets and Liabilities (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current deferred tax assets
Compensation and benefits	$ 1,280,000	$ 372,000
Allowance for doubtful accounts	768,000	489,000
Accrued liabilities	713,000
Deferred revenue	205,000	171,000
Other	366,000	338,000
Total current deferred tax assets	3,332,000	1,370,000
Long-term deferred tax assets
Goodwill, other intangibles and other assets	95,275,000	59,124,000
Rent liabilities	1,839,000	1,337,000
Imputed interest deduction pursuant to tax receivable agreements	8,380,000	6,356,000
Other	885,000	636,000
Total long-term deferred tax assets	106,379,000	67,453,000
Long-term deferred tax liabilities
Property and equipment and other long-lived assets	(466,000)	(367,000)
Investments in equity method investees		(373,000)
Total long-term deferred tax liabilities	(466,000)	(740,000)
Net long-term deferred tax assets	105,913,000	66,713,000
Total deferred tax assets and liabilities	109,245,000	68,083,000
Deferred Tax Assets, Net, Noncurrent	106,033,000	$ 66,903,000
Secondary Offering
Long-term deferred tax liabilities
Deferred Tax Assets, Net, Noncurrent	$ 43,774,000

Capital Structure - (Detail)

Capital Structure - (Detail)	Nov. 24, 2013USD ($)	Oct. 07, 2013USD ($)shares	Apr. 16, 2010USD ($)shares	Oct. 31, 2013	Apr. 30, 2010shares	Dec. 31, 2015$ / sharesVoteclassshares	Dec. 31, 2012$ / sharesshares	Nov. 24, 2015shares	Dec. 31, 2014shares	Oct. 06, 2013shares
Class Of Stock [Line Items]
Number of classes of common stock | class						2
Ownership percentage						30.00%
Proceeds from issuance of redeemable preferred stock | $			$ 30,000,000
Proceeds from sale of preferred stock | $			$ 10,000,000
Preferred units, liquidation preference value | $		$ 49,850,000
Options to acquire shares granted						28,057			652,500
Stock split						0.25
RIHI
Class Of Stock [Line Items]
Redemption of common membership units price per common stock								4,500,000
Redemption of common membership units amount less underwriting discount | $	$ 23,267,000
Weston Presidio
Class Of Stock [Line Items]
Issuance of redeemable preferred units			37,500
RMCO, LLC
Class Of Stock [Line Items]
Preferred units, redemption rate						10.00%
Redemption of common membership units price per common stock		3,750,000
Redemption of common membership units amount less underwriting discount | $		$ 76,931,250
Common units outstanding						30,143,951			29,502,641
Stock split				25
RMCO, LLC | Weston Presidio
Class Of Stock [Line Items]
Preferred units, liquidation preference value | $		$ 49,850,000
Class B common stock
Class Of Stock [Line Items]
Units exchanged for ownership interest					847,500
Common stock, par value | $ / shares						$ 0.0001
Class B common stock | RMCO, LLC
Class Of Stock [Line Items]
Number of votes for common class holders, for each Common Unit in RMCO held by the holder (in votes) | Vote						2
Number of votes for common class holders, as a multiple of the aggregate number of Common Units in RMCO held by the holder upon occurrence of certain events (as a percent)						1.00%
Stock split						0.25
Common Units
Class Of Stock [Line Items]
Number of votes for common class holders, as a multiple of the aggregate number of Common Units in RMCO held by the holder (as a percent)						2.00%
Common Units | RIHI
Class Of Stock [Line Items]
Redemption of common units		3,452,900
Common Units | RMCO, LLC
Class Of Stock [Line Items]
Number of votes for common class holders, as a multiple of the aggregate number of Common Units in RMCO held by the holder upon occurrence of certain events (as a percent)						1.00%
Class A Preferred Units
Class Of Stock [Line Items]
Units exchanged for ownership interest					37,500
Class A Preferred Units | Weston Presidio
Class Of Stock [Line Items]
Issuance of redeemable preferred units			112,500
Class A Preferred Units | RMCO, LLC
Class Of Stock [Line Items]
Preferred Units, authorized							150,000
Preferred units, issued							150,000
Preferred Units, outstanding							150,000
Preferred stock, no par value | $ / shares							$ 0
Class B Common Units | RIHI
Class Of Stock [Line Items]
Common stock, units authorized							847,500
Common units outstanding							847,500
Common units issued							847,500
Common stock, par value | $ / shares							$ 0
Redemption of common units							0
Class B Common Units | RMCO, LLC
Class Of Stock [Line Items]
Common stock, units authorized							900,000
Class B Common Units | RMCO, LLC | Common unit options
Class Of Stock [Line Items]
Common stock reserved for issuance under a unit option plan										52,500
Class B Common Units | RMCO, LLC | Employees
Class Of Stock [Line Items]
Options to acquire shares granted		31,500
New options issued to replace old options							31,500
Class A common stock
Class Of Stock [Line Items]
Number of votes per share held | Vote						1
Common stock, par value | $ / shares						$ 0.0001
New options issued to replace old options						787,500
Stock split		1
Class A common stock | RIHI
Class Of Stock [Line Items]
Redemption of common membership units amount less underwriting discount | $		$ 70,836,244
Class A common stock | RMCO, LLC
Class Of Stock [Line Items]
Options to acquire shares granted						787,500
Stock split	1

Equity-Based Compensation (Deta

Equity-Based Compensation (Details)	Jun. 24, 2015USD ($)$ / sharesshares	Mar. 11, 2015$ / sharesshares	May. 20, 2014USD ($)shares	Nov. 24, 2013	Oct. 13, 2013$ / sharesshares	Oct. 07, 2013USD ($)$ / sharesshares	Oct. 31, 2013	Dec. 31, 2015USD ($)shares	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)shares	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)$ / shares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)$ / shares	Dec. 31, 2012shares
Estimated value of withheld shares																	$ 327,000	$ 1,781,000
Income tax benefit realized upon issuance of underlying shares																	2,770,000	736,000
Equity-based compensation expense																	1,453,000	2,002,000	$ 2,995,000
Tax Benefit related to the restricted stock units granted								$ 3,148,000	$ 3,277,000	$ 3,457,000	$ 2,148,000	$ 1,818,000	$ 3,116,000	$ 3,129,000	$ 1,885,000	$ 1,071,000	$ 12,030,000	$ 9,948,000	2,844,000
Stock split																	0.25
Options outstanding, remaining contractual term																	6 years 10 months 24 days
Options to acquire shares granted | shares								28,057				652,500					28,057	652,500
Exercise of stock options, Value																	$ 2,248,000	$ 486,000	$ 0
Corporate income tax benefit																	2,716,000	519,000
Total intrinsic value of stock options exercised																	$ 19,154,000	$ 3,839,000
RMCO, LLC
Stock split							25
Options outstanding, Exercise price | $ / shares																$ 3.60			$ 3.60
Options outstanding, remaining contractual term																			8 years 10 months 24 days
2013 Stock Incentive Plan
Additional shares available to grant under plan (in shares) | shares								1,936,215									1,936,215
Class A common stock
Restricted stock units granted (in shares) | shares	2,941
Restricted stock units granted, value per unit (in dollars per share) | $ / shares	$ 34.01
Shares withheld from grants to employee | shares	940		30,519
Estimated value of withheld shares	$ 32,000
Options granted | shares																	787,500
Stock split						1
Incremental compensation cost																	$ 0
Weighted average grant-date fair value of common unit options | $ / shares		$ 32.45			$ 22
Class A common stock | RMCO, LLC
Stock split				1
Options to acquire shares granted | shares								787,500									787,500
Class A common stock | Former Chief Executive Officer Member
Options outstanding, remaining contractual term																		2 years
Incremental compensation cost																	$ 0
Class B Common Units
Unrecognized compensation cost																$ 0			$ 0
Weighted average grant-date fair value of common unit options | $ / shares																			$ 56.83
Total fair value of options																			$ 895,000
Class B Common Units | Employees | RMCO, LLC
Options granted | shares																				31,500
Options to acquire shares granted | shares						31,500
Class B common stock | RMCO, LLC
Stock split																	0.25
Restricted Stock Units (RSUs)
Restricted stock units granted (in shares) | shares						107,971
Restricted stock units granted, value per unit (in dollars per share) | $ / shares						$ 18.96
Shares withheld from grants to employee | shares			30,519														7,933
Estimated value of withheld shares			$ 818,000														$ 295,000
Income tax benefit realized upon issuance of underlying shares						$ 125,000
Equity-based compensation expense																	1,453,000	$ 2,002,000	247,000
Tax Benefit related to the restricted stock units granted																			345,000
Unrecognized compensation cost								$ 2,141,000									$ 2,141,000
Options, Vested and expected to vest | shares								12,109									12,109
Options outstanding, remaining contractual term																	2 years
Tax Benefit related to the restricted stock units granted																		$ 92,000
Non-cash compensation expense																			2,047,000
Incremental compensation cost																	$ 59,000
Restricted Stock Units (RSUs) | Employees
Restricted stock units granted (in shares) | shares		74,893				115,699
Restricted stock units granted, value per unit (in dollars per share) | $ / shares		$ 32.45				$ 22
Vesting Period		3 years				3 years
Tax Benefit related to the restricted stock units granted																	$ 54,000
Restricted Stock Units (RSUs) | Directors
Restricted stock units granted (in shares) | shares		10,787			18,184
Restricted stock units granted, value per unit (in dollars per share) | $ / shares		$ 32.45			$ 22
Common unit options | Class B Common Units
Non-cash compensation expense																			$ 701,000

Equity-Based Compensation (Acti

Equity-Based Compensation (Activity for Restricted Stock Units) (Details) - USD ($)	Aug. 19, 2015	May. 20, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Oct. 31, 2013
Restricted Stock Units
Incremental equity-based compensation expense			$ 1,453,000	$ 2,002,000	$ 2,995,000
Estimated value of withheld shares			$ 327,000	$ 1,781,000
Restricted Stock Units (RSUs)
Restricted Stock Units
Restricted Stock Units, Balance as of December 31, 2014			40,472
Restricted Stock Units, Granted			85,680
Restricted Stock Units, Forfeited			(6,588)
Restricted Stock Units, Delivered and exchanged for shares of Class A common stock	(7,576)		(14,866)	(30,304)
Restricted Stock Units, Cancelled			(7,933)
Restricted Stock Units, Balance as of December 31, 2015			96,765	40,472
Restricted Stock Units, Vested			22,799
Restricted Stock Units, Unvested			96,765
Incremental equity-based compensation expense			$ 1,453,000	$ 2,002,000	$ 247,000
Shares withheld from grants to employee		30,519	7,933
Estimated value of withheld shares		$ 818,000	$ 295,000
Restricted Stock Units (RSUs) | President Emeritus
Restricted Stock Units
Restricted Stock Units, Unvested						7,576
Incremental equity-based compensation expense			$ 216,000

Equity-Based Compensation Plan

Equity-Based Compensation Plan - (Valuation Assumptions for Grants) (Detail) - RMCO, LLC - Common unit options - Class B Common Units	12 Months Ended
	Dec. 31, 2013
Valuation assumptions:
Expected volatility	78.00%
Expected term (years)	5 years 1 month 6 days
Risk-free interest rate	0.75%

Equity-Based Compensation Pla76

Equity-Based Compensation Plan - Summary of Stock Option Activity (Detail) - USD ($)	Nov. 24, 2013	Dec. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options, Balance as of December 31, 2014		652,500
Options to acquire shares granted	675,000
Options, Exercised		(624,443)
Options, Balance as of December 31, 2015		28,057
Exercisable at December 31, 2014		28,057
Weighted Average Exercise Price, Exercised		$ 3.60
Weighted Average Remaining Contractual term, Options Oustanding		6 years 10 months 24 days
Weighted Average Remaining Contractual Term, Options Exercisable at December 31, 2015		6 years 10 months 24 days
Aggregate Intrinsic Value, Options Outstanding		$ 946
Aggregate Intrinsic Value, Options Exercisable		$ 946
Class A common stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options to acquire shares granted		787,500
Options, Exercised		(624,443)

Leadership Changes and Restru77

Leadership Changes and Restructuring Activities (Details) - USD ($)	Jan. 07, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Severance, separation and restructuring
Benefit period			24 months
Share Based Compensation			$ 1,453,000	$ 2,002,000	$ 2,995,000
Restructuring Plan
Severance, separation and restructuring
Share Based Compensation			216,000	1,007,000
Expenses related to severance and outplacement services			1,303,000	1,303,000
Separation Agreement | Selling, Operating and Administrative Expenses [Member]
Severance, separation and restructuring
Severance and other related expenses			12,000	$ 3,545,000
Share Based Compensation			1,007,000
Restructuring and related cost, expected cost			3,581,000
Former Chief Executive Officer Member | Separation Agreement
Severance, separation and restructuring
Benefit period				36 months
Reserve for severance and related benefits, current			759,000	$ 500,000
Reserve for severance and related benefits, noncurrent			789,000	1,488,000
President Emeritus | Retirement Agreement
Severance, separation and restructuring
Share Based Compensation		$ 216,000
Reserve for severance and related benefits, current			250,000
Reserve for severance and related benefits, noncurrent			175,000
Restructuring and related cost, expected cost		$ 877,000
Restricted Stock Units (RSUs)
Severance, separation and restructuring
Share Based Compensation			1,453,000	$ 2,002,000	$ 247,000
Restricted Stock Units (RSUs) | Former Chief Executive Officer Member | Separation And Transition Agreement | Subsequent Event
Severance, separation and restructuring
Expenses related to severance and outplacement services	$ 575,000
Future share based compensation units to vest	12,109
Restricted Stock Units (RSUs) | President Emeritus
Severance, separation and restructuring
Share Based Compensation			$ 216,000

Leadership Changes and Restru78

Leadership Changes and Restructuring Activities - Rollforward of Estimated Fair Value Liability Established for Total Severance and Other Related Costs (Details) - USD ($)	Aug. 19, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Restructuring Cost and Reserve [Line Items]
Severance and other related expense		$ 1,482,000	$ 4,617,000
Non-cash adjustment		(1,453,000)	(2,002,000)	$ (2,995,000)
Restricted Stock Units (RSUs)
Restructuring Cost and Reserve [Line Items]
Non-cash adjustment		$ (1,453,000)	$ (2,002,000)	$ (247,000)
Accelerated vesting of restricted stock units	7,576	14,866	30,304
Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Balance, January 1, 2015		$ 2,408,000
Severance and other related expense		1,554,000	$ 4,848,000
Accretion		82,000
Cash payments		(1,807,000)	(1,433,000)
Non-cash adjustment		(216,000)	(1,007,000)
Balance, September 30, 2015		$ 2,021,000	$ 2,408,000

Commitments and Contingencies -

Commitments and Contingencies - Operating Leases Future Minimum Payments (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)lease
2,016	$ 8,144
2,017	8,170
2,018	8,320
2,019	8,434
2,020	8,684
Thereafter	68,043
Total Rent Payments	109,795
2,016	(1,020)
2,017	(915)
2,018	(894)
2,019	(527)
2,020	(119)
Total Sublease receipts	(3,475)
2,016	7,124
2,017	7,255
2,018	7,426
2,019	7,907
2,020	8,565
Thereafter	68,043
Total Cash Outflows	$ 106,320
Number of leases assigned to purchaser | lease	18
Re Max North West Ltd | Assets and Liabilities Related to Operating Leases and Held for Sale
Total Cash Outflows	$ 2,740
Number of leases assigned to purchaser | lease	3

Commitments and Contingencies80

Commitments and Contingencies - Additional Information (Detail)	Feb. 02, 2016USD ($)	Nov. 15, 2013ft²	Oct. 07, 2013USD ($)	Mar. 31, 2011ft²	Apr. 30, 2010ft²item	Dec. 31, 2015USD ($)lease	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2010tenantitem
Loss Contingencies [Line Items]
Rent expense, excluding amounts related to gain or loss on sublease						$ 10,629,000	$ 12,362,000	$ 12,686,000
Operating sublease income						1,163,000	1,126,000	$ 674,000
Renewal option period									5 years
Short-term portion of liability						$ 349,000	346,000
Number of Leases | lease						18
Long-term portion of liability						$ 799,000	1,148,000
Master Lease
Loss Contingencies [Line Items]
Lease initial term					18 years
Renewal of lease period					10 years
Number of renewal periods | item					2
Annual rent escalation in initial lease period and in first renewal period									3.00%
Percentage of increase in rent each year					3.00%
Subleases to two retail tenants
Loss Contingencies [Line Items]
Number of retail tenants | item									2
November 2013 sublease replacing third tenant
Loss Contingencies [Line Items]
Loss recorded related to subleased office space						$ 1,179,000
Assignment and Assumption of Leases Agreements
Loss Contingencies [Line Items]
Number of Leases | lease						2
Period over which company remains secondarily liable						P65M
Outstanding lease guarantees						$ 6,630,000
Self insurance program liability						$ 309,000	285,000
Assignment and Assumption of Leases Agreements | Recovery by defendants of certain costs
Loss Contingencies [Line Items]
Number of Leases | lease						18
HBN
Loss Contingencies [Line Items]
Legal damages awarded			$ 3,153,000
Payment of legal settlement	$ 3,251,000
HBN liability accrual, impact to financial position and results of operations						$ 2,703,000
Minimum | Subleases to two retail tenants
Loss Contingencies [Line Items]
Range of subleases in square feet | ft²					4,000
Range of subleases initial term									5 years
Number of sublease renewal option periods | tenant									2
Maximum | Subleases to two retail tenants
Loss Contingencies [Line Items]
Range of subleases in square feet | ft²					10,500
Range of subleases initial term									10 years
Number of sublease renewal option periods | tenant									9
Maximum | March 2011 sublease with third tenant
Loss Contingencies [Line Items]
Range of subleases in square feet | ft²				20,000
Maximum | November 2013 sublease replacing third tenant
Loss Contingencies [Line Items]
Range of subleases in square feet | ft²		20,000
Selling, Operating and Administrative Expenses [Member] | HBN
Loss Contingencies [Line Items]
HBN liability accrual, impact to financial position and results of operations							26,000
Interest Expense [Member] | HBN
Loss Contingencies [Line Items]
HBN liability accrual, impact to financial position and results of operations							$ 522,000

Guarantees (Details)

Guarantees (Details) - USD ($)	1 Months Ended
	May. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Residential mortgage operation
Guarantee Obligations [Line Items]
Equity method investment, ownership percentage		50.00%
Company guarantee of full and prompt payment
Guarantee Obligations [Line Items]
Term of line-of-credit agreement	13 months
Maximum total amount of advances requested and unpaid principle balance	$ 15,000,000
Outstanding balance of line of credit		$ 5,222,000	$ 4,548,000
Company guarantee of full and prompt payment | Residential mortgage operation
Guarantee Obligations [Line Items]
Equity method investment, ownership percentage	50.00%

Defined-Contribution Savings 82

Defined-Contribution Savings Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Matching contribution Expenses	$ 1,300	$ 990	$ 926

Related-Party Transactions (Det

Related-Party Transactions (Detail) - USD ($)	Oct. 07, 2013	Oct. 06, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2015
Related party balances and activity
Accounts payable to affiliates			$ 66,000	$ 1,114,000		$ 66,000	$ 66,000
Accounts receivable from affiliates				231,000
Advertising funds
Related party balances and activity
Related party transaction expense - S,G and A			917,000	1,152,000	$ 1,148,000
Tails Inc.
Related party balances and activity
Related party transaction expense - S,G and A		$ 244,000
Accounts payable to affiliates				1,031,000
HBN and Tails
Related party balances and activity
Revenue from related parties		$ 2,648,000
RIHI
Related party balances and activity
Related party transaction expense - S,G and A							0
Other affiliates
Related party balances and activity
Accounts payable to affiliates			66,000	83,000		66,000	66,000
Accounts receivable from affiliates				(15,000)
Other affiliates | Services rendered and rent for office space provided
Related party balances and activity
Amounts allocated for services rendered and rent for office space			$ 1,720,000	$ 2,186,000	3,064,000
General payment period			30 days
Accounts receivable from affiliates			$ 0			0	$ 0
Perella Weinberg
Related party balances and activity
Related party transaction expense						$ 0
Perella Weinberg | IPO
Related party balances and activity
Related party transaction expense	$ 632,500				$ 848,500

Related-Party Transactions - Ac

Related-Party Transactions - Accounts Receivable from and Payable to Affiliates (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts receivable from affiliates:
Accounts receivable from affiliates		$ 231
Accounts payable to affiliates:
Accounts payable to affiliates	$ (66)	(1,114)
Net accounts payable to affiliates	(66)	(883)
Re Max Of Texas Advertising Fund
Accounts receivable from affiliates:
Accounts receivable from affiliates		246
Central Atlantic Region Advertising Fund [Member]
Accounts payable to affiliates:
Accounts payable to affiliates		(1,031)
Other affiliates
Accounts receivable from affiliates:
Accounts receivable from affiliates		(15)
Accounts payable to affiliates:
Accounts payable to affiliates	$ (66)	$ (83)

Segment information - Reportabl

Segment information - Reportable Segments Revenue (Details)	3 Months Ended								12 Months Ended
	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2015USD ($)segment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment									2
Continuing franchise fees									$ 73,750,000	$ 72,706,000	$ 64,465,000
Annual dues									31,758,000	30,726,000	29,524,000
Broker fees									32,334,000	28,685,000	24,811,000
Franchise sales and other franchise revenue									25,468,000	23,440,000	23,574,000
Brokerage Revenue									13,558,000	15,427,000	16,488,000
Total revenue	$ 43,274,000	$ 45,110,000	$ 44,277,000	$ 44,207,000	$ 42,565,000	$ 44,240,000	$ 42,299,000	$ 41,880,000	176,868,000	170,984,000	158,862,000
Amounts paid from brokerage services business	$ 43,274,000	$ 45,110,000	$ 44,277,000	$ 44,207,000	$ 42,565,000	$ 44,240,000	$ 42,299,000	$ 41,880,000	176,868,000	170,984,000	158,862,000
Real Estate Franchise Services
Segment Reporting Information [Line Items]
Continuing franchise fees									74,921,000	74,199,000	65,728,000
Annual dues									31,759,000	30,729,000	29,527,000
Broker fees									32,656,000	29,014,000	25,078,000
Franchise sales and other franchise revenue									25,561,000	23,459,000	23,577,000
Total revenue									164,897,000	157,401,000	143,910,000
Amounts paid from brokerage services business									164,897,000	157,401,000	143,910,000
Brokerages
Segment Reporting Information [Line Items]
Continuing franchise fees									(1,171,000)	(1,493,000)	(1,263,000)
Annual dues									(1,000)	(3,000)	(3,000)
Broker fees									(322,000)	(329,000)	(267,000)
Franchise sales and other franchise revenue									(93,000)	(19,000)	(3,000)
Brokerage Revenue									13,558,000	15,427,000	16,488,000
Total revenue									11,971,000	13,583,000	14,952,000
Amounts paid from brokerage services business									11,971,000	13,583,000	14,952,000
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenue									1,587,000	1,844,000	1,536,000
Amounts paid from brokerage services business									$ 1,587,000	$ 1,844,000	$ 1,536,000

Segment Information - Adjusted

Segment Information - Adjusted EBITDA (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total segment reporting adjusted EBITDA	$ 91,401	$ 83,805	$ 77,039
Real Estate Franchise Services
Segment Reporting Information [Line Items]
Total segment reporting adjusted EBITDA	89,280	83,227	75,490
Brokerages
Segment Reporting Information [Line Items]
Total segment reporting adjusted EBITDA	$ 2,121	$ 578	$ 1,549

Segment Information - Reconcili

Segment Information - Reconciliation of Adjusted EBITDA to Consolidated Balances (Details) - USD ($) $ in Thousands	3 Months Ended										12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net income	$ 10,969	$ 15,193	$ 16,058	$ 9,130	$ 7,617	$ 14,055	$ 14,509	$ 7,798	$ 4,976		$ 51,350	$ 43,979	$ 28,252
Depreciation and amortization											15,124	15,316	15,166
Interest expense											10,413	9,295	14,647
Interest income											(178)	(313)	(321)
Provision for income taxes	$ 3,148	$ 3,277	$ 3,457	$ 2,148	$ 1,818	$ 3,116	$ 3,129	$ 1,885		$ 1,071	12,030	9,948	2,844
EBITDA											88,739	78,225	60,588
(Gain) loss on sale or disposition of assets and sublease											(3,650)	(340)	971
Loss on early extinguishment of debt											94	178	1,798
Non-cash straight-line rent expense											889	812	1,183
Equity-based compensation expense incurred prior to or in conjunction with the IPO													2,748
Chairman executive compensation													2,261
Public offering related expenses											1,097		6,995
Severance related expenses											1,482	4,617
Acquisition related expenses											2,750	313	495
Adjusted EBITDA											91,401	83,805	77,039
HBN
Acquisition related expenses											2,729
Real Estate Franchise Services
Net income											47,044	43,664	26,792
Depreciation and amortization											14,827	15,032	14,791
Interest expense											10,371	9,266	14,641
Interest income											(178)	(313)	(321)
Provision for income taxes											11,181	9,894	2,882
EBITDA											83,245	77,543	58,785
(Gain) loss on sale or disposition of assets and sublease											(342)	(469)	1,110
Loss on early extinguishment of debt											94	178	1,798
Non-cash straight-line rent expense											954	1,045	1,298
Equity-based compensation expense incurred prior to or in conjunction with the IPO													2,748
Chairman executive compensation													2,261
Public offering related expenses											1,097		6,995
Severance related expenses											1,482	4,617
Acquisition related expenses											2,750	313	495
Adjusted EBITDA											89,280	83,227	75,490
Brokerages
Net income											4,306	315	1,460
Depreciation and amortization											297	284	375
Interest expense											42	29	6
Provision for income taxes											849	54	(38)
EBITDA											5,494	682	1,803
(Gain) loss on sale or disposition of assets and sublease											(3,308)	129	(139)
Non-cash straight-line rent expense											(65)	(233)	(115)
Adjusted EBITDA											$ 2,121	$ 578	$ 1,549

Segment Information - Summary o

Segment Information - Summary of Segment Long-Lived and Total Assets (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Office	Dec. 31, 2014USD ($)
Segment Long-Lived And Total Assets [Line Items]
Total long-lived assets	$ 250,567	$ 227,561
Total assets	$ 385,313	358,327
Number of owned brokerage offices sold during the period | Office	18
Real Estate Franchise Services
Segment Long-Lived And Total Assets [Line Items]
Total long-lived assets	$ 250,567	222,888
Total assets	384,959	349,481
Brokerages
Segment Long-Lived And Total Assets [Line Items]
Total long-lived assets		4,673
Total assets	$ 354	$ 8,846

Segment Information - Schedule

Segment Information - Schedule of Information Concerning Company's Principal Geographic Areas (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue	$ 43,274	$ 45,110	$ 44,277	$ 44,207	$ 42,565	$ 44,240	$ 42,299	$ 41,880	$ 176,868	$ 170,984	$ 158,862
Total long-lived assets excluding deferred tax assets, net	144,534				160,658				144,534	160,658
Total assets	385,313				358,327				385,313	358,327
U.S.
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue									146,850	138,458	124,686
Total long-lived assets excluding deferred tax assets, net	141,392				156,926				141,392	156,926
Total assets	374,568				349,965				374,568	349,965
Canada
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue									21,978	23,975	25,168
Total long-lived assets excluding deferred tax assets, net	3,142				3,732				3,142	3,732
Total assets	$ 10,745				7,469				10,745	7,469
Outside U.S. and Canada
Revenues From External Customers And Long Lived Assets [Line Items]
Total revenue									$ 8,040	8,551	$ 9,008
Total assets					$ 893					$ 893

Quarterly Financial Informati90

Quarterly Financial Information - Schedule of Quarterly Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended										12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information [Abstract]
Total revenue	$ 43,274	$ 45,110	$ 44,277	$ 44,207	$ 42,565	$ 44,240	$ 42,299	$ 41,880			$ 176,868	$ 170,984	$ 158,862
Total operating expenses	26,410	24,498	22,921	28,884	30,312	24,326	23,287	29,224			102,713	107,149	111,782
Operating income	16,864	20,612	21,356	15,323	12,253	19,914	19,012	12,656			74,155	63,835	47,080
Total other expenses, net	(2,747)	(2,142)	(1,841)	(4,045)	(2,818)	(2,743)	(1,374)	(2,973)			(10,775)	(9,908)	(15,984)
Income before provision for income taxes	14,117	18,470	19,515	11,278	9,435	17,171	17,638	9,683			63,380	53,927	31,096
Provision for income taxes	(3,148)	(3,277)	(3,457)	(2,148)	(1,818)	(3,116)	(3,129)	(1,885)		$ (1,071)	(12,030)	(9,948)	(2,844)
Net income (loss)	10,969	15,193	16,058	9,130	7,617	14,055	14,509	7,798	$ 4,976		51,350	43,979	28,252
Less: net income attributable to non-controlling interest	6,923	10,396	11,088	6,379	5,241	9,780	10,132	5,390			(34,695)	(30,543)	$ (26,746)
Net income attributable to RE/MAX Holdings, Inc.	$ 4,046	$ 4,797	$ 4,970	$ 2,751	$ 2,376	$ 4,275	$ 4,377	$ 2,408		$ 1,506	$ 16,655	$ 13,436
Net income attributable to RE/MAX Holdings, Inc. per share
Basic	$ 0.28	$ 0.39	$ 0.41	$ 0.23	$ 0.20	$ 0.37	$ 0.38	$ 0.21		$ 0.13	$ 1.31	$ 1.16	$ 0.13
Diluted	$ 0.28	$ 0.39	$ 0.40	$ 0.22	$ 0.19	$ 0.35	$ 0.36	$ 0.20		$ 0.12	$ 1.30	$ 1.10	$ 0.12
Weighted average shares outstanding
Basic	14,283,839	12,333,690	12,225,678	11,817,605	11,662,874	11,579,669	11,593,885	11,607,971		11,607,971	12,671,051	11,611,164	11,607,971
Diluted	14,351,911	12,420,748	12,399,527	12,293,505	12,259,440	12,229,010	12,230,014	12,254,474		12,234,905	12,829,214	12,241,977	12,234,905

Uncategorized Items - rmax-2015

Label	Element	Value
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	us-gaap_MinorityInterestDecreaseFromRedemptions	$ 147,768,000
Equity Effect Of Step Up In Tax Basis	rmax_EquityEffectOfStepUpInTaxBasis	69,711,000
Distributions To Noncontrolling Unitholders	rmax_DistributionsToNoncontrollingUnitholders	2,832,000
Equity Effect Of Payable Pursuant To Tax Receivable Agreements	rmax_EquityEffectOfPayablePursuantToTaxReceivableAgreements	(68,840,000)
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation	2,294,000
Accumulated Other Comprehensive Income [Member]
Stockholders' Equity, Other	us-gaap_StockholdersEquityChangeInReportingEntity	1,563,000
Other Comprehensive Income Loss Net Of Tax	us-gaap_OtherComprehensiveIncomeLossNetOfTax	(192,000)
Additional Paid In Capital [Member]
Equity Effect Of Step Up In Tax Basis	rmax_EquityEffectOfStepUpInTaxBasis	69,711,000
Equity Effect Of Payable Pursuant To Tax Receivable Agreements	rmax_EquityEffectOfPayablePursuantToTaxReceivableAgreements	(68,840,000)
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation	2,294,000
Noncontrolling Interest [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	3,470,000
Distributions To Noncontrolling Unitholders	rmax_DistributionsToNoncontrollingUnitholders	2,832,000
Stockholders' Equity, Other	us-gaap_StockholdersEquityChangeInReportingEntity	(227,063,000)
Retained Earnings [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	1,506,000
Common Class A [Member]
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	229,950,000
Common Class A [Member] | Additional Paid In Capital [Member]
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ 235,921,000
Common Class A [Member] | Common Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation	107,971
Stock Issued During Period Shares New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	11,500,000
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ 1,000
Common Class B [Member] | Common Stock [Member]
Stock Issued During Period Shares New Issues	us-gaap_StockIssuedDuringPeriodSharesNewIssues	1
Reorganization [Member] | Conversion Of Redeemable Class A Preferred Units For Preferred Units And Common Units [Member]
Stock Issued During Period, Value, Conversion of Convertible Securities	us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	$ 82,500,000
R M C O Llc [Member] | Accumulated Other Comprehensive Income [Member]
Stockholders' Equity, Other	us-gaap_StockholdersEquityChangeInReportingEntity	(1,563,000)
R M C O Llc [Member] | Common Units [Member]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	us-gaap_MinorityInterestDecreaseFromRedemptions	147,768,000
Stockholders' Equity, Other	us-gaap_StockholdersEquityChangeInReportingEntity	227,063,000
R M C O Llc [Member] | Preferred Units [Member]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests	us-gaap_MinorityInterestDecreaseFromRedemptions	49,850,000
R M C O Llc [Member] | Common Class A [Member] | Common Units [Member]
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	(5,972,000)
R M C O Llc [Member] | Reorganization [Member] | Class B Units [Member] | Conversion Of Class B Common Units For Common Units [Member]
Stock Issued During Period, Value, Conversion of Convertible Securities	us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	155,823,000
R M C O Llc [Member] | Reorganization [Member] | Common Units [Member] | Conversion Of Class B Common Units For Common Units [Member]
Stock Issued During Period, Value, Conversion of Convertible Securities	us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	(155,823,000)
R M C O Llc [Member] | Reorganization [Member] | Common Units [Member] | Conversion Of Redeemable Class A Preferred Units For Preferred Units And Common Units [Member]
Stock Issued During Period, Value, Conversion of Convertible Securities	us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	82,500,000
R M C O Llc [Member] | Reorganization [Member] | Preferred Units [Member] | Conversion Of Redeemable Class A Preferred Units For Preferred Units And Common Units [Member]
Stock Issued During Period, Value, Conversion of Convertible Securities	us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	49,850,000
R M C O Llc [Member] | Reorganization [Member] | Redeemable Classa Preferred Units [Member] | Conversion Of Redeemable Class A Preferred Units For Preferred Units And Common Units [Member]
Stock Issued During Period, Value, Conversion of Convertible Securities	us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	$ (132,350,000)