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…
Days after announcing it would be purchasing legacy franchisor REMAX for $880 million, ascendant tech-focused Real Brokerage announced strong financial results to kick off 2026, with agent count jumping 25% and revenues increasing sharply as company executives touted new opportunities from the acquisition. Reporting Q1 earnings, with $465 million revenue (up 34% year-over-year) and 41,882…
In yet another massive consolidation move, upstart Real Brokerage announced it is acquiring REMAX for $880 million, with Real CEO Tamir Poleg taking the reins of what will now be known as Real REMAX Group. The deal comes on the heels of several other mega-mergers in the space, most notably Compass’s acquisition of Anywhere and…