Key facts
- Shareholders of The Real Brokerage Inc. and RE/MAX Holdings Inc. approved Real's proposed acquisition of RE/MAX.
- The acquisition was approved by approximately 99% of Real's voting shareholders and 78.8% of RE/MAX's voting shareholders.
- The Department of Justice granted early termination of the Hart-Scott-Rodino Antitrust Improvements Act waiting period.
- The combined entity will operate as Real RE/MAX Group.
- Closing is expected to occur in the next few weeks, pending remaining conditions, including a final court order.
Shareholders of both The Real Brokerage Inc. and RE/MAX Holdings Inc. have approved Real's proposed acquisition of RE/MAX, a significant step toward the formation of Real RE/MAX Group. The votes, held at special meetings, saw strong support from both companies' security holders, with approximately 99% of Real's cast votes and 78.8% of RE/MAX's voting power approving the deal.
The acquisition, initially announced in April 2026, is still subject to remaining closing conditions, including a final order from the Supreme Court of British Columbia. The companies anticipate the transaction will close shortly after these conditions are met, likely within the next couple of weeks.
Upon completion, Real RE/MAX Group is projected to unite over 180,000 real estate professionals across more than 120 countries. The combined entity is expected to generate approximately $2.3 billion in pro forma 2025 revenue and $157 million in adjusted EBITDA before synergies. Leadership from both companies expressed optimism about the merger's potential to create a more connected and innovative real estate ecosystem.
This shareholder approval follows the Department of Justice's mid-July decision to grant an early termination of the Hart-Scott-Rodino (HSR) Antitrust Improvements Act waiting period, indicating no immediate antitrust concerns from the government. The HSR Act requires notification for large mergers to allow for review of potential competitive harm.
In the second quarter of 2026, The Real Brokerage reported revenue of $700.6 million, a 30% year-over-year increase, alongside an $8 million net loss attributed partly to $11.6 million in acquisition-related expenses. RE/MAX reported a Q2 2026 revenue of $68.5 million, a 5.8% decrease year-over-year, and a net loss of $4.3 million.