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Real Brokerage Surges Amid REMAX Deal | Real Estate News
Real Brokerage just smashed Q2 earnings with $700M in revenue—up 30% year-over-year—and boasts $86M in cash and zero debt, even as it races toward a major shareholder vote on August 14th to approve its acquisition of REMAX. While the broader housing market slows, Real’s agent count hit 35K and transactions surged 27%. The company posted an $8M net loss, mostly due to $11M in REMAX-related acquisition costs—without those, operating income would’ve more than doubled. A slight dip in gross margin? Blamed on agents hitting commission caps. The REMAX deal is on track: antitrust hurdles cleared…
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