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Real Acquires REMAX for $880M | Real Estate News
Real Brokerage just crushed it with an $880 million deal to acquire REMAX Holdings, forming the new Real REMAX Group poised to dominate global real estate. The merger blends Real’s cutting-edge tech with REMAX’s massive 180,000-agent franchise network, creating a powerhouse with 36,000+ agents from Real. Expect a $450M share buyback, a new Nasdaq ticker (REAX), and $30M+ in annual savings. Both brands will keep operating separately, but REMAX agents will gain access to Real’s tech tools. The plan? Boost agent growth, unlock new revenue via mortgages and title insurance, and monetize REMAX’s…
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