Real Brokerage Clears Final Hurdle for RE/MAX Merger, Creating Industry Giant
The Real Brokerage Inc. has received final court approval from British Columbia for its $880 million acquisition of RE/MAX Holdings, Inc., paving the way for the creation of Real REMAX Group. This merger will form a global real estate powerhouse with over 180,000 agents worldwide.
The short version
- The Real Brokerage Inc. secured final court approval from the Supreme Court of British Columbia on August 21, 2026, for its acquisition of RE/MAX Holdings, Inc.
- The approximately $880 million deal (including debt) will establish the new entity, Real REMAX Group, with an anticipated closing date of August 24, 2026.
- The combined company is projected to command an agent network exceeding 180,000 professionals across over 120 countries and territories.
- Real expects to realize $30 million in annual cost synergies from the acquisition, alongside potential ancillary revenue streams from mortgage and title attachments.
- Tamir Poleg, current Chairman and CEO of Real, is set to lead the Real REMAX Group as its Chairman and CEO.
The Real Brokerage Inc. (NASDAQ: REAX) has successfully navigated a critical step in its acquisition of RE/MAX Holdings, Inc. (NYSE: RMAX), with the Supreme Court of British Columbia granting its final order for the proposed combination on August 21, 2026. This judicial green light, widely reported by outlets including HousingWire and Stock Titan, propels the two real estate giants toward forming Real REMAX Group, a new entity poised to reshape the global brokerage landscape.
The deal, valued at approximately $880 million including debt, or $550 million excluding debt, will unite two significant forces in real estate. The anticipated closing date for the merger is Monday, August 24, 2026, subject to the satisfaction of any remaining closing conditions.
What is the new Real REMAX Group?
Real REMAX Group will be the name of the new combined holding company, integrating The Real Brokerage Inc. and RE/MAX Holdings, Inc. This merger creates a formidable presence with more than 180,000 real estate agents spanning over 120 countries and territories. Of this vast network, approximately 80,000 agents are based in the U.S., with over 100,000 across the U.S. and Canada. The Real Brokerage alone currently supports over 36,000 agents, making this a substantial expansion.
What approvals were needed for this merger?
This significant transaction required several layers of approval to move forward. Shareholders of both companies gave their blessing at separate special meetings held on August 14, 2026. Real shareholders overwhelmingly supported the arrangement with 99% of votes in favor, while RE/MAX shareholders approved the deal with 78.8% of their voting power. On the regulatory front, the U.S. Department of Justice (DOJ) had already ended its HSR (Hart-Scott-Rodino) waiting period early. The final judicial hurdle was cleared with the Supreme Court of British Columbia’s order on August 21, 2026, which relates to the arrangement agreement originally dated April 26, 2026, and amended on June 12, 2026.
What are the financial implications of the deal?
The financial scale of the combined Real REMAX Group is substantial. Before factoring in synergies, the companies would have generated approximately $2.3 billion in annual revenue and $157 million in adjusted EBITDA in 2025. RE/MAX alone contributed approximately $94 million of high-margin adjusted EBITDA in 2025, highlighting its financial strength within the merger. Real anticipates realizing $30 million of cost synergies annually from the acquisition. Beyond these, the deal opens up significant ancillary revenue opportunities, with estimates suggesting a 1% mortgage attachment could generate around $25 million, and a 1% title attachment could exceed $10 million. To facilitate the acquisition, Real secured a $550 million financing commitment led by Morgan Stanley Senior Funding Inc. and Apollo Global Funding LLC, intended to refinance RE/MAX’s existing debt, fund the cash consideration, and cover transaction costs.
Who will lead the new Real REMAX Group?
Leadership for the newly formed Real REMAX Group has been clearly defined. Tamir Poleg, the current Chairman and CEO of Real, will take the helm as Chairman and CEO of the combined entity. Erik Carlson, the current CEO of RE/MAX, is expected to step down from his CEO role after the acquisition closes but will join the Real REMAX Group Board. Jenna Rozenblat has been named President of Real REMAX Group. Additionally, Don Kottick, the current President of REMAX Canada, is slated to retain a leadership role within the new company, according to an internal email, ensuring continuity in a key market.
Frequently asked questions
When does the Real Brokerage and RE/MAX merger officially close?
The merger between The Real Brokerage Inc. and RE/MAX Holdings, Inc. is anticipated to officially close on Monday, August 24, 2026, pending the satisfaction or waiver of any remaining closing conditions.
What is the new combined company called and what is its size?
The new combined holding company will be named Real REMAX Group. It is expected to comprise over 180,000 real estate agents across more than 120 countries and territories, including over 100,000 agents in the U.S. and Canada.
What are the expected financial benefits of the merger?
The Real Brokerage expects to achieve $30 million in annual cost synergies from the acquisition. The combined company projects significant ancillary revenue opportunities, estimating that a 1% mortgage attachment could generate approximately $25 million, and a 1% title attachment could generate over $10 million.
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