Wedbush analyst Jason Weaver noted that RE/MAX Holdings reported preliminary Q3 and Q4 results that were mostly in line with expectations. The company also concluded its investigation into purported violations of its code of ethics relating to CEO Dave Liniger and Co-CEO Adam Contos and identified breaches of policy limited to Chairman Liniger. Weaver thinks the removal of the "cloud of uncertainty" surrounding the investigation should support the stock, though he also noted RE/MAX's light 2018 guidance and said fundamentals wouldn't yet support an outperform recommendation. He keeps a Neutral rating and $60 price target on RE/MAX shares.

Real Estate Services Analysts, along with James Dwiggns, CEO of NextHome, discuss the latest perspectives on the proposed National Association of Realtors (NAR) Settlement and the implications on brokerage business models (relevant companies ZG/Z, CSGP, COMP, RDFN, EXPI, HOUS, FTHM, REAX, RMAX) on an Analyst/Industry conference call to be held on May 1 at 11 am.