RE/MAX Sells Libya Master Franchise, Debuts 2,000-Sq-Ft Baku Office
RE/MAX sold master franchise rights in Libya, establishing Tripoli operations led by Zyead and Alhareth Ghattour with Ali Milad overseeing activities. The firm opened a 2,000-square-foot office in Baku under REMAX 1st Realty led by İdris Cengiz, bringing its network to 145,000 agents across 120+ countries.
1. Libya Master Franchise Launch
RE/MAX sold master franchise rights for Libya, establishing operations in Tripoli under Region Owners Zyead and Alhareth Ghattour, with Regional Director Ali Milad overseeing day-to-day activities. The team plans to open the first independent offices in Tripoli within months and implement a phased nationwide expansion.
2. Azerbaijan Office Opening
REMAX 1st Realty, led by İdris Cengiz, inaugurated a 2,000-square-foot office in Baku to capitalize on Azerbaijan’s urban growth and foreign investment trends. The office will deploy AI-driven tools, global referral systems and structured agent education programs.
3. Global Network Expansion
These milestones expand the REMAX network to over 145,000 agents in 8,500 offices across more than 120 countries, reinforcing its position as a leading real estate franchisor. The company highlights rising demand for professional, transparent services in emerging markets.
4. Future Growth Strategy
RE/MAX plans a phased rollout in Libya to establish standardized, transparent real estate practices and scale its network with local leadership. The company aims to replicate this model in other developing regions to drive long-term growth and agent productivity.