Re/Max shares jump on acquisition deal with tech-focused Real Brokerage

Rocket Companies

27/04/2026 13:39

** Shares of Re/Max RMAX.N jump 21.2% premarket to $9.69, a 7-month high, as it enters sales agreement with real estate tech platform The Real Brokerage REAX.O

** Companies say transaction implies an enterprise value of $880 mln, which includes debt

** Under the deal terms, RMAX shareholders could choose between 5.15 shares of the combined company or $13.80 in cash for each share they own

** REAX shareholders would own about 59% of the new entity, with RMAX shareholders owning the rest. Transaction expected to close in H2 2026

** RMAX's stock closed at $7.99 on Fri for about $160 mln market cap

** REAX has about $565 mln market value through Fri. Its shares are plunging 20% before the bell to $2.15, lowest since mid-Jan

** Through Fri close, RMAX's stock up 5% YTD after 29% decline in 2025

** Shares of REAX down ~27% in 2026 as of Fri, following 21% decline last year

** This would be the third major real estate brokerage acquisition in recent months. Mortgage giant Rocket RKT.N agreed to buy Redfin in Mar 2025, and Compass COMP.N struck a deal to acquire Anywhere Real Estate, parent of brands including Sotheby’s International Realty and Coldwell Banker, in Sept, amid rising competition in a stagnating housing market

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))