Real-RE/MAX: 181,000-Agent Brokerage Set to Close Aug 24

For investors, the court's final order removes a legal overhang but leaves the financial architecture of the Real-RE/MAX deal opaque. With a closing target of Aug 24 and no financial terms disclosed in the release, REAX and RMAX holders must weigh integration risk against the scale of a combined 181,000-agent brokerage.

The Real Brokerage Inc. (NASDAQ: REAX) and RE/MAX Holdings, Inc. (NYSE: RMAX) announced on August 21, 2026 that the Supreme Court of British Columbia granted the final order approving the statutory arrangement tied to their proposed combination. The court's order follows the merger agreement dated April 26, 2026, as amended June 12, 2026, and the August 14, 2026 special meetings at which Real securityholders and RE/MAX stockholders separately approved the transaction. The parties state they expect the transaction to close on August 24, 2026, subject to the satisfaction or waiver of remaining closing conditions. Because the underlying disclosures are press-release distributions, the closing and other forward-looking statements are company claims rather than independently verified outcomes.

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RE/MAX Holdings, by contrast, is one of the world's largest real estate franchisors, with more than 145,000 agents across nearly 8,500 offices in more than 120 countries and territories, plus the Motto Mortgage brand.

At the center of the combination are two very different real estate business models. Real operates as a technology-enabled brokerage with a digital platform, end-to-end mortgage and closing services, and a presence in all 50 U.S. states plus Canada. The company says it supports more than 36,000 agents. RE/MAX Holdings, by contrast, is one of the world's largest real estate franchisors, with more than 145,000 agents across nearly 8,500 offices in more than 120 countries and territories, plus the Motto Mortgage brand. A completed combination would create a network of more than 181,000 agents, making it one of the largest real estate enterprises globally by agent count. That scale matters because real estate has been under pressure to consolidate, invest in technology, and realign agent economics after the industry's commission-litigation settlements and the broader shift toward digital transactions.

The legal milestone is important but not yet equivalent to completion. In a British Columbia statutory arrangement, securityholder approval and court sanction are distinct, required steps. The August 14 votes cleared the first condition; the Supreme Court of British Columbia's August 21 final order clears the second. The parties describe the arrangement as one component of the broader Merger Agreement, which suggests that additional steps under the plan of merger may remain. Cross-border deals frequently use a Canadian arrangement structure for tax, corporate, or regulatory reasons, and the final order is often the critical approval before closing conditions such as regulatory clearances, financing, or other consents are satisfied.