Real Brokerage to Acquire RE/MAX Holdings in Deal Valuing RE/MAX at About 880 Million

MIAMI, Fla. -- April 27, 2026

The Real Brokerage Inc. has agreed to acquire RE/MAX Holdings, Inc., parent of the REMAX real estate franchise network and Motto Mortgage, in a transaction that implies an enterprise value for RE/MAX Holdings of about 880 million dollars. The combined company will be named Real REMAX Group and headquartered in Miami, with significant operations remaining in the Denver area.

Under the agreement, approved by both boards, RE/MAX Holdings shareholders can elect to receive either 13.80 dollars in cash or shares of the new holding company for each share, subject to proration so that total cash paid is between 60 million and 80 million dollars. Real shareholders will receive one share of Real REMAX Group for each Real share. Real shareholders are expected to own about 59 percent of the combined company and RE/MAX Holdings shareholders about 41 percent. RE/MAX co-founder and chairman Dave Liniger, who controls about 38 percent of RE/MAX Holdings' voting power, agreed to vote in favor.

On a pro forma basis, the combined company would have generated about 2.3 billion dollars in revenue and 157 million dollars in adjusted EBITDA before synergies in 2025. It will have nearly 8,500 franchisees and more than 180,000 agents in more than 120 countries and territories. REMAX and Motto Mortgage will keep their brands, and Real will continue to operate as an owned brokerage.

Real chairman and CEO Tamir Poleg will lead the combined company. The deal was expected to close in the second half of 2026, subject to shareholder and regulatory approvals.