Real REMAX Group Authorizes $450 Million Share Repurchase

Real REMAX Group Inc. authorized a share repurchase program allowing the company to buy back up to 25 million shares of common stock, with a maximum total value of $450 million. The program has no set termination date and may be executed through open market purchases or privately negotiated transactions based on market conditions.

Chairman and CEO Tamir Poleg stated the authorization reflects the board's confidence in the company's long-term strategy and a commitment to balanced capital allocation. The move follows a business combination between The Real Brokerage Inc. and RE/MAX Holdings, Inc.

The company intends to maintain its focus on innovation, agent support, and deleveraging to drive long-term value for stakeholders.