By Nicholas G. Miller
Shares of Re/Max rose after The Wall Street Journal reported the company was nearing a sale to The Real Brokerage in a deal worth about $550 million.
The stock jumped 11% to $8.86 on Monday's premarket trading.
The Wall Street Journal reported that the deal announcement could come as soon as Monday. Under the terms being discussed, Re/Max shareholders could choose between 5.15 shares of the combined company or $13.80 in cash for each share they own.
Real shareholders would own about 59% of the new entity, with Re/Max shareholders owning the rest, The Journal reported.
Real-estate brokerages have been consolidating to help them offer better technology platforms and more in-house listings, which can help them recruit agents and attract buyers and sellers.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
April 27, 2026 06:27 ET (10:27 GMT)
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