Subsequent Events (Tables)

9 Months Ended

Sep. 30, 2017

Subsequent Event [Line Items]

Summary of Estimated Fair Value of Assets at Acquisition Date

The following table summarizes the allocation of the purchase price to the fair value of assets acquired and liabilities assumed for the aforementioned acquisitions (in thousands):

	RE/MAX Regional Services		RE/MAX of New Jersey		Full House		RE/MAX of Alaska		RE/MAX of New York		Total
Cash and cash equivalents	$	-	$	335	$	-	$	-	$	131	$	466
Franchise agreements		30,700		29,700		-		529		5,000		65,929
Non-compete agreement		-		-		2,500		-		-		2,500
Other assets		-		-		-		-		340		340
Goodwill		19,700		15,300		11,800		971		3,029		50,800
Other liabilities		-		(335)		-		-		-		(335)
Total purchase price	$	50,400	$	45,000	$	14,300	$	1,500	$	8,500	$	119,700

Re/Max Of Northern Illinois Inc.

Subsequent Event [Line Items]

Summary of Estimated Fair Value of Assets at Acquisition Date

The following table summarizes the preliminary allocation of the purchase price to the fair value of assets acquired and liabilities assumed for RE/MAX of Northern Illinois (in thousands):

Franchise agreements	$	23,500
Goodwill		12,220
Total purchase price	$	35,720