REMAX

Rozenblat has served as Real’s chief operating officer since 2023 and will step into the new role once the acquisition closes, which could be just weeks away.

Chris Lim and Travis Saxton had been affiliated with REMAX for about 1½ years and are leaving as The Real Brokerage acquisition of the franchisor takes shape.

The proposed M&A received “strong support,” Real’s CEO said, and RE/MAX Holdings CEO Erik Carlson called the vote “an important milestone” for franchise owners.

The franchisor reported lower-than-expected revenue in Q2 as operating costs rose, resulting in a net loss of more than $4 million.

The brokerages will pay nearly $30 million in combined damages. The Aug. 4 ruling resolves all homebuyer claims and related future actions against the firms.

REMAX President Chris Lim and investor Andrew Dodge, also new to the ARA, join a board that includes the CEOs of Douglas Elliman and RLTYco.

Real CEO Tamir Poleg and REMAX CEO Erik Carlson explain why unifying the two companies will create an enhanced value proposition for their agents.

The franchisor reported declining revenue and rising losses in Q1 — a trend the company hopes to change with its pending acquisition by Real.

Real is acquiring a brokerage with a very different model — a move that presents both big opportunities and significant challenges, industry observers say.

Tech and scale converge as an iconic global franchise brokerage brand meets a technology-driven, high-growth platform. Why now? And what is going to change?

Tamir Poleg will be CEO of the combined company, which will serve more than 180,000 agents worldwide.

The franchise giant will pay significantly less than Keller Williams, the only other brokerage to reach a deal with the homebuyer plaintiffs.

At the annual R4 convention on Feb. 23, CEO Erik Carlson sought to energize agents with a message focused on growth, revitalization and professionalism.

Erik Carlson also noted that REMAX is “well prepared” to shift to private listings if necessary, “but philosophically, we think that the consumer comes first.”

A “historic” conversion of two former Royal LePage firms adds 1,200+ agents to REMAX’s global network, helping offset declines in U.S. agent count and revenue.