RE/MAX Commonwealth
RE/MAX Commonwealth is a private residential real estate brokerage franchise operating three offices across the greater Richmond, Virginia metro, serving individual home buyers, sellers, and relocating clients through commissioned agents under the global RE/MAX brand.
- Company typePrivate
- Founded1990
- HeadquartersMidlothian, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What RE/MAX Commonwealth does
RE/MAX Commonwealth is a private real estate brokerage franchise operating in the greater Richmond, Virginia metropolitan area. Founded around 1990, the company runs three physical offices — Westgate (Richmond), Glen Forest (Richmond), and Alverser Drive (Midlothian) — covering the Richmond, Henrico, and Chesterfield submarkets. It serves individual home buyers, sellers, new construction buyers, and relocating clients through a network of commissioned agents, primarily targeting residential transactions. The company does not serve a notable commercial or institutional book of business per the available data.
The core product set centers on agent-assisted residential brokerage, augmented by a self-service website (homesinrichmond.com) offering an interactive property search map, community profiles, market reports, a home value estimation tool, and open house listings. Technology is conventional real estate brokerage tooling — MLS syndication (CVR MLS, CAAR MLS), property database, and a website with map-based search — with no proprietary platform or differentiated technology layer. Partner services include Towne Bank Mortgage for integrated lending and Cinch Home Services for home warranty, creating a bundled transaction experience.
Revenue is generated entirely through real estate commissions on buy- and sell-side transactions, with rates individually negotiated and not publicly disclosed. The go-to-market motion is sales-led: agents drive deal flow from their personal networks, open houses, MLS exposure, and the RE/MAX global referral network (140,000+ agents across 9,000+ offices worldwide), which provides brand credibility and cross-market relocation leads. Customer acquisition is distributed across the long tail of Richmond-area consumers, with no enterprise or institutional concentration.
RE/MAX Commonwealth firmographics
Firmographics- Name
- RE/MAX Commonwealth
- Legal name
- RE/MAX Commonwealth
- Website
- https://rvahomes.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- RE/MAX Commonwealth is a private residential real estate brokerage franchise operating three offices across the greater Richmond, Virginia metro, serving individual home buyers, sellers, and relocating clients through commissioned agents under the global RE/MAX brand.
- Ownership category
- akta.pro rank
RE/MAX Commonwealth industry classification
Industry- Product category
- Residential Real Estate Brokerage
- NAICS
- Offices of Real Estate Agents and Brokers (5312)
- SIC
- Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Relocation & Corporate Housing Brokerage (BPAJAAAG)
Keywords
Where RE/MAX Commonwealth is headquartered
LocationHeadquarters
- HQ city
- Midlothian
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
RE/MAX Commonwealth business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Real Estate Commissions: The company earns commissions on real estate transactions (buying and selling homes). Agents facilitate property transactions and earn a percentage of the sale price as commission, with RE/MAX Commonwealth operating as a franchise office within the RE/MAX network.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
RE/MAX Commonwealth product offering
Product offeringCore offering
RE/MAX Commonwealth is an independently owned RE/MAX franchise brokerage that facilitates residential real estate transactions in the greater Richmond, Virginia metropolitan area. The company operates from three physical offices (Westgate, Glen Forest, Alverser Drive) staffed by licensed real estate agents who assist clients with home buying, home selling, new construction purchases, and relocation services. The firm supplements its agent services with website-based property search tools, community information resources, market reports, and home value estimation, while partnering with Towne Bank Mortgage for financing and Cinch Home Services for warranty products.
Product overview
RE/MAX Commonwealth is a RE/MAX franchise real estate brokerage operating in the Richmond, Virginia area with three office locations (Westgate, Glen Forest, and Alverser Drive). The company offers residential property buying and selling services supported by a network of over 140,000 RE/MAX agents worldwide. The core product portfolio includes property search functionality, agent services for home transactions, and complementary tools such as new construction guidance, community information, market reports, and home value estimation. The company also provides partner services including mortgage lending through Towne Bank Mortgage and home warranty through Cinch Home Services, positioning itself as a full-service real estate resource for the Richmond community.
Differentiator
Problem solved
Functional benefit
Products and services
- Home Buying Services
- Home Selling Services
- New Construction Services Dedicated search and buyer-representation services for new construction homes in the Richmond market, guiding buyers through builder selection, contract negotiation, and closing.
- Relocation Services End-to-end relocation assistance for individuals and families moving to the Richmond, Virginia area, including area orientation, community matching, and home search coordination.
Companies that use RE/MAX Commonwealth
Customer profileSegments1 record
Ideal customer profiles1 record
RE/MAX Commonwealth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
RE/MAX Commonwealth partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Towne Bank MortgagecoreTowne Bank Mortgage serves as the preferred mortgage lender partner for RE/MAX Commonwealth clients. The partnership provides integrated home financing services with dedicated loan officers including Kristine Arbogast (Vice President, Assistant Sales Manager) and Kaitlyn Taylor (Mortgage Loan Officer). The partnership offers a streamlined home purchase experience for buyers.
- Cinch Home ServicesminorCinch Home Services provides home warranty services as part of the transaction support offered by RE/MAX Commonwealth. The partnership offers buyers added protection and peace of mind for their home purchase.
- Children's Hospital of Richmond at VCU (CHoR)minorRE/MAX Commonwealth has a partnership with Children's Hospital of Richmond at VCU, demonstrating community involvement and corporate social responsibility.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
RE/MAX Commonwealth competitors and assessment
Company assessmentEmerging players
- Compass: Technology-led residential brokerage expanding into Richmond and other Virginia markets, recruiting agents with aggressive equity and technology tools. Represents a different model but increasingly competes for the same agents and seller mandates.
- eXp Realty: Cloud-based, agent-centric residential brokerage with a rapidly expanding Virginia agent base. Competes by offering higher commission splits and remote operating model, attracting agents away from traditional office-based franchises like RE/MAX Commonwealth.
Direct peers
- Century 21 Real Estate: Global residential real estate franchise competing for the same agent pool and consumer relationships. Closely comparable structure: independently owned franchise offices earning commission-based revenue under a recognized global brand.
- Coldwell Banker Realty: Global residential real estate franchise with Virginia agents competing in the same Richmond metro for traditional full-service buyer and seller representation. Closely comparable business model (commission-based, multi-office, brand-affiliated).
- Keller Williams Realty: Largest residential real estate franchise in the U.S. with established Richmond-area market centers. Competes head-to-head with RE/MAX Commonwealth for agent recruiting and buyer/seller representation in the same geography.
- Weichert, Realtors: Northeast and Mid-Atlantic residential brokerage with Virginia offices. Comparable multi-office franchise model, commission revenue, and customer base of home buyers and sellers.
- Long & Foster Real Estate: Large Mid-Atlantic residential real estate brokerage with deep Virginia presence, including Richmond. Competes directly with RE/MAX Commonwealth for agents, listings, and buyer-side mandates in the same geographic market using a traditional commission-based model.
- Howard Hanna Real Estate Services: Mid-Atlantic and Midwest residential brokerage operating a franchise-like multi-office model with established Richmond-area offices. Comparable to RE/MAX Commonwealth in service mix (residential buying/selling, relocation) and target customer.
Regional players
- Joyner Fine Properties: Independent Richmond, Virginia real estate firm specializing in luxury and historic residential properties in the same metro. Competes for higher-end listings and relocation buyers in overlapping submarkets.
Broad incumbents
- Berkshire Hathaway HomeServices: National residential real estate franchise (including HHHunt and other Virginia operators) operating in the broader Richmond market. Offers overlapping residential brokerage services under a premium parent brand.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
RE/MAX Commonwealth social profiles
Digital presenceRE/MAX Commonwealth financial estimates
Financial estimateRevenue estimate
Valuation estimate
RE/MAX Commonwealth leadership team
Management profileNumber of profiles
RE/MAX Commonwealth funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RE/MAX Commonwealth M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about RE/MAX Commonwealth
What does RE/MAX Commonwealth do?
RE/MAX Commonwealth is an independently owned RE/MAX franchise brokerage that facilitates residential real estate transactions in the greater Richmond, Virginia metropolitan area. The company operates from three physical offices (Westgate, Glen Forest, Alverser Drive) staffed by licensed real estate agents who assist clients with home buying, home selling, new construction purchases, and relocation services. The firm supplements its agent services with website-based property search tools, community information resources, market reports, and home value estimation, while partnering with Towne Bank Mortgage for financing and Cinch Home Services for warranty products.
Is RE/MAX Commonwealth a public or private company?
RE/MAX Commonwealth is a private company. It is classified as unknown and is currently operating.
When was RE/MAX Commonwealth founded?
RE/MAX Commonwealth was founded in 1990. It employs 101 to 250 people.
Where is RE/MAX Commonwealth based?
RE/MAX Commonwealth is headquartered in Midlothian, United States, in the North America region.
How does RE/MAX Commonwealth make money?
One revenue line is on record: real Estate Commissions.
Who are RE/MAX Commonwealth's main competitors?
Emerging players on record are Compass and eXp Realty. Direct peers are Century 21 Real Estate, Coldwell Banker Realty, Keller Williams Realty, Weichert, Realtors, Long & Foster Real Estate and Howard Hanna Real Estate Services. Joyner Fine Properties is listed as a regional player. Berkshire Hathaway HomeServices is listed as a broad incumbent.
Does RE/MAX Commonwealth have an API?
No public API is recorded for RE/MAX Commonwealth.
What industry is RE/MAX Commonwealth in?
RE/MAX Commonwealth's product category is Residential Real Estate Brokerage. Its primary akta.pro industry code is BPAJAAAG, Relocation & Corporate Housing Brokerage. Its NAICS code is 5312 and its SIC code is 6531.