The Real Brokerage, REMAX to combine in $880M transaction

Key Points:

• Real Brokerage Inc. has agreed to acquire REMAX Holdings Inc. in a deal valuing REMAX at approximately $880 million, creating a new holding company, Real REMAX Group, that will support over 180,000 real estate professionals in more than 120 countries.
• The combined entity is projected to generate about $2.3 billion in revenue and $157 million in adjusted EBITDA in 2025, combining Real’s AI-driven brokerage platform with REMAX’s global franchise network of around 8,500 offices.
• REMAX and Motto Mortgage will continue operating under their existing brands, while Real remains an owned brokerage brand, with the combined business spanning brokerage, franchising, fintech, and ancillary services like mortgage and title offerings.
• The transaction is expected to deliver approximately $30 million in annual cost synergies by 2027, improve margins, and be accretive to Real’s earnings in the first full fiscal year post-close, supported by a $550 million financing commitment for refinancing and transaction costs.
• Closing is anticipated in the second half of 2026, pending shareholder, regulatory, and court approvals, with Real’s CEO Tamir Poleg leading the combined company headquartered in Miami and shares trading on Nasdaq under the ticker REAX.