Real Brokerage to buy Re/Max for $550M

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 for each share they own. Real shareholders will own roughly 59 percent of the new company, Real Remax Group, which will be led by Real CEO Tamir Poleg. Both the Re/Max and Real […] This article originally appeared on The Real Deal. Click here to read the full story.