On August 24, 2026, The Real Brokerage Inc. ("Real") and RE/MAX Holdings, Inc.("REMAX") announced the completion of the previously announced business combination in a cash and stock transaction with a value of approximately US$880 million.
The transaction was structured as a court-approved plan of arrangement under the Business Corporations Act (British Columbia). In addition, Real entered into a US$550 million commitment letter with Morgan Stanley to refinance REMAX’s existing indebtedness and fund the cash component of the consideration. With the completion of the transaction, the combined company is now called Real REMAX Group Inc. and trades on NASDAQ under the ticker REAX.
Real REMAX Group Inc. (NASDAQ: REAX) is a leading technology-enabled global real estate platform spanning brokerage, franchising and ancillary services. The fast-growing company combines these essential real estate services with powerful technology to deliver a seamless end-to-end consumer experience, guided by trusted real estate professionals. With 180,000+ agents, more than 100,000 of whom are based in the U.S. and Canada, and a presence in over 120 countries and territories, Real REMAX Group supports agents and broker/owners to power their own forward-thinking businesses.
Gowling WLG advised Real on this transaction with a team led by Jason A. Saltzman and including Kathleen Ritchie, Brett Kagetsu, Andrew Avis and Peter Sypnowich (Capital Markets and Public M&A); Paul Carenza (Tax); Ian Macdonald and Elad Gafni (Competition); Chris Porter, Stephen Lewis, Chris Colonval, Kira Tome, Braden Sheps and Chris Alam (Lending & Borrowing); Charlotte McDonald and Jasleen Chahal (Intellectual Property); Jordan Epstein (Employment); Deron Waldock (Pension); Wendy Wagner and Reem Zaia (Trade and Business Practices); Jasmine Samra (Data Protection and Cyber Security) and Martin Palleson (Advocacy).