Real Brokerage to buy Re/Max for $550M
Real Brokerage CEO Tamir Poleg and Re/Max CEO W. Erik Carlson (LinkedIn, Instagram)One of the fastest-growing residential brokerages in recent years has a deal to buy one of the largest franchisors in the country. Tech-focused Real Brokerage is buying Re/Max for $550 million, the company announced Monday. Including debt, the deal is valued at $880 million, according to an investor presentation. The deal will allow Re/Max shareholders to choose between 5.15 shares in the entity or $13.80 in cash
Real Brokerage CEO Tamir Poleg and Re/Max CEO W. Erik Carlson (LinkedIn, Instagram)One of the fastest-growing residential brokerages in recent years has a deal to buy one of the largest franchisors in the country. Tech-focused Real Brokerage is buying Re/Max for $550 million, the company announced Monday. Including debt, the deal is valued at $880 million, according to an investor presentation. The deal will allow Re/Max shareholders to choose between 5.15 shares in the entity or $13.80 in cash
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