Real And RE/MAX Securityholders Approve Merger Creating $2.3 Billion-Revenue Real REMAX Group
Securityholders of The Real Brokerage and RE/MAX Holdings approved their proposed merger to form Real REMAX Group. Real shareholders supported the deal with about 99% of votes cast, and RE/MAX holders with about 78.8% of voting power. Closing remains subject to remaining conditions, including a Supreme Court of British Columbia order. Pro forma 2025 revenue is about $2.3B, with adjusted EBITDA about $157M before synergies.
How this was made
The 30-second read
Why it matters
Securityholder votes remove a major execution hurdle, increasing the likelihood of closing in the coming weeks, but the deal is not final until remaining closing conditions, including a Supreme Court of British Columbia order, are satisfied.
Market read
This is a concrete M&A execution milestone: both sides report very high approval levels, and the companies expect to close within weeks if the remaining court condition is satisfied.
What to watch
The article does not quantify financing terms, integration costs, or any regulatory review beyond the court condition, which could still affect timing or economics.
Background
Real Brokerage and RE/MAX Holdings are combining to form Real REMAX Group, a technology-enabled real estate platform combining Real’s brokerage/agent community with RE/MAX’s franchise system and brand.
Ticker impact
RE/MAX Holdings holders representing about 78.8% of voting power approved the acquisition, removing a major remaining condition for the merger.
Moderately positive reaction expected as execution risk declines, with follow-through tied to the court order.
The text quantifies voting support at RE/MAX and explicitly links the vote to removing one of the most significant remaining conditions.
Market effects
Signals consolidation momentum in tech-enabled real estate brokerage and franchise models, potentially increasing competitive pressure on scale and technology investment.
Court approval requirement highlights cross-border legal process for Canadian-related deal approvals, affecting timing for North American real estate M&A.
Combined platform scale across 120+ countries may influence global franchise and brokerage technology adoption benchmarks.
Counterpoint
Even with approvals, the Supreme Court of British Columbia order is still a gating item, so spreads may not fully compress until that specific condition is cleared.
Key entities
- companyThe Real Brokerage
Real Brokerage securityholders approved the proposed combination, supporting the path to forming Real REMAX Group.
- companyRE/MAX Holdings
RE/MAX Holdings voting power approval was reported at about 78.8%, a key step toward closing the acquisition.
- transactionReal REMAX Group
The combined company expected to support 180,000+ real estate professionals across 120+ countries, with pro forma 2025 revenue cited at about $2.3B.
- courtSupreme Court of British Columbia
A final order approving arrangement aspects remains a required closing condition.
