RMAX RE/MAX Holdings, Inc.

NEUTRAL Impact: 4/10 DEFA14A
Horizon months Filed May 29, 2026 Processed 12d ago SEC 0001104659-26-067754
Proxy solicitation materials
Latest settled — T+5d
RMAX ▼ -4.51% at T+5d
NEUTRAL call ✗ call lost -4.51% · α vs SPY -1.98% · entry $9.54 → $9.11
Next anchor: T+20d in 19d
Last close $9.35 (close Jun 8) · -1.99% from $9.54 entry
Entry anchored
May 29, 2026
via day open
T+1d
+0.63%
call +0.63% · α +0.37%
$9.60
settled 9d ago
T+5d
-4.51%
call -4.51% · α -1.98%
$9.11
settled 5d ago
T+20d
call — · α —
in 19d
T+60d
call — · α —
in 3mo

Price Chart

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Executive Summary

RE/MAX Holdings filed a DEFA14A containing a transcript of a May 28, 2026 RISMedia Industry Briefing where CEO Erik Carlson and Real Brokerage CEO Tamir Poleg discussed the pending merger of the two companies. The filing is routine soliciting material under Rule 14a-12, providing forward-looking commentary on the deal's strategic rationale, cultural alignment, and technology integration plans, but contains no new financial terms or material changes to the transaction.

Actionable Insight

This filing contains no new material financial information — it is a routine transcript of management's public commentary on the pending merger. Monitor for the filing of the S-4 registration statement and proxy statement/prospectus, which will contain the definitive deal terms, financial projections, and shareholder vote details. The deal remains subject to regulatory and shareholder approvals.

Key Facts

  • Filed as soliciting material under Rule 14a-12 in connection with the proposed merger between RE/MAX Holdings and The Real Brokerage Inc.
  • Transcript of a May 28, 2026 RISMedia Industry Briefing featuring CEOs Erik Carlson (RE/MAX) and Tamir Poleg (Real).
  • Combined company will have approximately 180,000 agents, with RE/MAX contributing ~145,000 agents and Real ~34,000 agents.
  • RE/MAX agents average 12 transactions per year vs. industry average of 6, per CEO commentary.
  • Real's AI assistant 'Leo' currently resolves ~50% of support tickets and was engaged in ~100,000 agent communications last quarter.
  • Both CEOs emphasized operating two distinct brands (RE/MAX and Real) post-merger with separate compensation models.
  • No new financial terms, deal value, or closing conditions disclosed beyond prior announcements.

Financial Impact

No new financial figures disclosed. The filing is a transcript of management commentary on the previously announced merger.

Risk Factors

  • Shareholder approval may not be obtained for either RE/MAX or Real.
  • Regulatory approvals may not be received or may impose conditions that delay or prevent closing.
  • Integration risks: combining a decentralized franchise model with a centralized tech-driven brokerage could create operational challenges.
  • Agent retention risk: potential migration between brands or to competitors during the pendency of the deal.

Market Snapshot

Exchange
NYSE
Sector
Real Estate Agents & Managers (For Others)
Analyst Consensus
75% bullish (8 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
DEFA14A Filing (Primary)0001104659-26-067754
Document: 0001104659-26-067754-index-headers.html0001104659-26-067754
Document: 0001104659-26-067754-index.html0001104659-26-067754
Document: 0001104659-26-067754.txt0001104659-26-067754
8 reports for RMAX
Performance horizon
80% Hit rate 4 of 5 directional calls best @ T+1▲ +13.58%Apr 27, 2026
Filters
Rows
Reports for RMAX — sortable, filterable
Type Now
May 29, 2026
12d ago
DEFA14A
NEUTRAL ★ 4/10
$9.54 $9.11▼ −4.51%▼ −1.98%$9.35 (−1.99%)
May 8, 2026
4w ago
8-K
BEARISH ★ 7/10
$10.38 $9.01▲ +13.20%▲ +14.66%$9.35 (+9.92%)
Apr 30, 2026
5w ago
10-K/A
NEUTRAL ★ 2/10
$10.78 $11.06▲ +2.60%▲ +0.25%$9.35 (−13.27%)
Apr 28, 2026
6w ago
8-K / DEFA14A
NEUTRAL ★ 7/10
$11.29 $10.39▼ −7.97%▼ −9.66%$9.35 (−17.18%)
Apr 27, 2026
6w ago
DEFA14A
BULLISH ★ 8/10
$11.29 $10.52▼ −6.82%▼ −8.51%$9.35 (−17.18%)
Apr 27, 2026
6w ago
DEFA14A
BULLISH ★ 7/10
$9.94 $10.52▲ +5.83%▲ +5.43%$9.35 (−5.94%)
Apr 27, 2026
6w ago
DEFA14A
BULLISH ★ 9/10
$9.94 $10.52▲ +5.83%▲ +5.43%$9.35 (−5.94%)
Apr 27, 2026
6w ago
8-K
BULLISH ★ 8/10
$9.94 $10.52▲ +5.83%▲ +5.43%$9.35 (−5.94%)
Showing 8 of 8

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