India, April 27 -- The Real Brokerage Inc. (REAX), a technology-powered real estate brokerage, and RE/MAX Holdings, Inc. (RMAX), a real estate franchisor on Monday announced that they have entered into a definitive agreement where Real Brokerage will acquire RE/MAX, LLC or REMAX, a unit of RE/MAX Holdings, to form a new real estate platform named Real REMAX Group for about $880 million.
The deal is expected to be accretive to Real Brokerage's earnings and Adjusted EBITDA margin within the first full fiscal year after closing.
The deal combines Real Brokerage's AI-powered brokerage platform and agent network with REMAX's franchise system, which covers over 120 countries and more than 145,000 agents.
The new entity will have nearly 8,500 f...