After the Real Brokerage completed its acquisition of RE/MAX Holdings this past August, the third quarter earnings for the company revealed a significant shift in revenue, sparked by AI investments and slight drops in agent retention. Tamir Poleg—Real REMAX chairman and CEO—started off the first earnings call for the combined companies, and expressed his confidence…
Open Real Estate, the national initiative launched by big brokerage leaders last week that has promised to create a shared “infrastructure” for property listing data, today announced it has received 826 letters of support from real estate brokerage leaders. Behind the strength—and size—of its four founding brokerages (HomeServices of America, AGNT, Keller Williams and Real…
Four brokerage giants are launching what they call “shared infrastructure” to keep listings shared broadly, seemingly in direct opposition to Compass and its campaign to undo cooperation-focused rules, in an initiative dubbed “Open Real Estate.” The four companies founding the initiative are Keller Williams, AGNT (parent of eXp and NextHome), HomeServices of America and Real…
REMAX announced on Sept. 1 that Alex Vidal has joined the brand as president. Vidal brings 29 years of experience to the role, most recently serving as brand president of ERA Real Estate, where he was the first Hispanic president of a major national real estate brand. “Alex understands this business from the ground up…
Just days after completing its $880 million acquisition of REMAX, the newly coined Real REMAX Group has decided it will no longer sell new Motto Mortgage franchises, instead choosing to prioritize investment in a unified mortgage platform. Additionally, also following the deal closing, Vic Lombardo, who was named president of REMAX’s mortgage services last year,…
The newly named Real REMAX Group announced on Aug. 24 the successful completion of the previously announced business combination between The Real Brokerage Inc. (Real) and RE/MAX Holdings, Inc. (RE/MAX Holdings). The companies said in filings with the U.S. Securities and Exchange Commission that all customary closing conditions had been met. Real’s common shares and…
The Real Brokerage and RE/MAX—one of the world’s leading franchisors of real estate brokerage services—recently announced that shareholders of both companies approved Real’s proposed acquisition of RE/MAX at their respective special meetings, moving the major consolidation one step closer to finalization. Upon closing, the combined company will operate as Real REMAX Group, a holding company…
Florida-based Real Brokerage, like many other big players in the industry, is seeking to grow through acquisition. Its deal to purchase REMAX, announced in the spring, was part of a larger trend of big brokerages consolidating in the face of a challenging market and an uncertain policy landscape. But unlike many of its rivals, Real…
On a brisk March morning in Rhode Island, midway through one of the biggest announcements of his life, Dean deTonnancourt felt a flicker of nerves. The longtime brokerage owner had assembled his 300 agents—people he cares about deeply, many of whom had been with their national brand for years—to announce the conversion of their successful,…
REMAX Holdings reported Q1 2026 results on May 8, presumably the company’s last financial report as an independent entity after being acquired by Real Brokerage for $880 million late last month. The disclosure showed total revenue of $70.2 million, down 5.7% year-over-year. Adjusted EBITDA declined 19.3% to $15.6 million, with adjusted EBITDA margin contracting to…
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