Real shareholders approve REMAX acquisition, closing nears

The special resolution approving the arrangement was backed by approximately 99% of the votes cast by Real shareholders, and 98.9% of the votes cast by Real shareholders, optionholders and restricted share unit holders voting together as a single class. At REMAX Holdings, holders of about 78.8% of the voting power of common stock voted to approve the acquisition.

The transaction is still subject to remaining closing conditions, including a final order from the Supreme Court of British Columbia approving the arrangement aspects of the deal. The companies said they expect closing to occur shortly after all closing conditions are met, which they anticipate will be in the next couple of weeks.

Once completed, Real REMAX Group is expected to support more than 180,000 real estate professionals across more than 120 countries and territories. The companies project roughly $2.3 billion in pro forma 2025 revenue and $157 million in adjusted EBITDA before synergies for the combined entity.

Leadership framed the vote as a step toward building a larger-scale platform focused on technology, education and support for agents and brokers.

“We’re grateful for the strong support from securityholders of both companies, and appreciate the confidence this signals in our vision for a more connected, innovative real estate ecosystem,” Tamir Poleg, chairman and CEO of Real, said in a statement. “Together, through Real REMAX Group, we’ll have the scale, talent and resources to invest more, build faster and create even greater value for the more than 180,000 real estate professionals who choose our brands, and for the clients they serve.”

Erik Carlson, the CEO of REMAX Holdings, called the vote an “important milestone.” 

“This combination provides the opportunity to strengthen the value for Broker/Owners and their agents while preserving the entrepreneurial culture, local leadership and trusted REMAX brand that have fueled success for more than 50 years,” Carlson said in a statement.

The approval of shareholders at both companies comes after the Department of Justice (DOJ) in mid-July granted the companies an early termination of their Hart-Scott-Rodino (HSR) Antitrust Improvements Act waiting period for the proposed merger.

The HSR Act is a federal law that was originally designed to strengthen antitrust enforcement, in part by giving the government advance notice of large mergers and acquisitions so they can be reviewed for competitive harm before they are completed. The act requires parties to notify both the DOJ and the Federal Trade Commission (FTC) about proposed mergers.

The Real Brokerage reported Q2 2026 revenue of $700.6 million, up 30% year over year, with a net loss of $8 million, driven by $11.6 million in acquisition-related expenses for the pending REMAX deal. For its part, REMAX reported Q2 2026 revenue of $68.5 million, down 5.8% year over year, and a net loss of $4.3 million.

This article was written by Brooklee Han and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.