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Real and RE/MAX Holdings completed their combination on 24 August 2026

The 8-K filed at closing gives the final terms, a cash election that was oversubscribed and prorated, and the resignation of RE/MAX Holdings' directors and named officers. TC Bulletin's 18 August story gave the stock election as 5.152 shares, and the filing states 0.5150.

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What this story establishes

  • RE/MAX Holdings' Form 8-K, signed 24 August 2026, reports that the combination closed that day. The first merger became effective at 4:25 p.m. Eastern Time under an Arrangement Agreement and Plan of Merger dated 26 April 2026 and amended 12 June 2026.
  • Each RE/MAX Class A share received either 0.5150 shares of Real REMAX Group common stock, or about $4.33 in cash plus about 0.3535 shares. The cash election was oversubscribed and prorated, and aggregate cash paid to former RE/MAX Class A holders was about $80 million.
  • Elections covered 11,697,333 shares for stock, 18,488,134 for cash and 3,699,238 with no election, which the filing treats as stock. About 14,464,497 Real REMAX Group shares went to former RE/MAX Class A holders and about 22,098,985 to former Real shareholders.
  • The filing says the NYSE was notified, a Form 25 was requested and trading in RMAX was expected to be suspended before the open on 25 August. A Form 15 is planned to end RE/MAX Holdings' SEC reporting. RE/MAX's 2021 credit agreement was repaid in full and terminated.
  • Every RE/MAX Holdings director and the eight officers named in the filing, including Erik Carlson, resigned at closing. The filing says the resignations were because of the mergers and not a disagreement.

RE/MAX Holdings signed its closing 8-K on 24 August 2026, the day the combination with The Real Brokerage became effective. TC Bulletin's 18 August story reported the shareholder approvals and said the deal had not yet closed. The filing is the first primary document on the final terms.

What changed for RE/MAX Holdings

The filing records several consequences of the closing. RE/MAX Holdings' Second Amended and Restated Credit Agreement of 21 July 2021 was repaid in full and terminated, and its tax receivable agreement was terminated under an amendment dated 26 April 2026. Equity awards were converted, cashed out in Real REMAX Group stock or cancelled depending on type, and the single Class B share was cancelled for no consideration.

RE/MAX Holdings' stock was listed on the NYSE as RMAX. The filing says the exchange was notified and a Form 25 requested, with trading expected to be suspended before the open on 25 August, and that a Form 15 is planned to deregister the shares and end SEC reporting obligations. All directors of RE/MAX Holdings resigned at the first merger effective time. So did the officers the filing names, Erik Carlson, Karri Callahan, Susan Winders, Tom Flanagan, Victor Lombardo, Travis Saxton, Robert Fuchs and Christopher Lim. The officers of the surviving company became those of Merger Sub II.

What the filing does not say

The 8-K does not mention reZEN or any schedule for offering Real's transaction platform to RE/MAX franchise offices, which is the part of the deal that reaches a coordinator's desk. TC Bulletin has found no published rollout date. The offering was described in April as opt-in by franchise.