Real Brokerage Inc. has made a significant update to its ownership structure with the filing of an amended Schedule 13G. This amendment follows the completion of a merger with RE/MAX Holdings, Inc., a notable event in the real estate industry.

The merger, finalized on August 24, 2026, involved Real Brokerage's common shares being consolidated on a 10-for-1 basis and converted into shares of common stock of Real REMAX Group Inc. This transaction marks a pivotal moment for Real Brokerage, as it transitions from an independent entity to a subsidiary within a larger corporate structure.

The filing, accession number 0001436979-26-000002, details that all shares previously owned by the reporting persons have been converted, resulting in them ceasing to beneficially own any shares of Real Brokerage. This amendment is the fourth of its kind, following earlier filings that began in June 2023.

Background

Real Brokerage Inc. operates in the real estate sector, specifically classified under the Standard Industrial Classification (SIC) code 6531, which pertains to Real Estate Agents & Managers (For Others). The company has been actively filing various forms with the SEC, including several Schedule 13G amendments and other disclosures since its inception. The latest filing was made on October 30, 2026, and reflects the company's ongoing adjustments following the merger.

What the Filing Says

The filing states, "This Amendment No. 4 does not modify any of the information previously reported in the Statement." It confirms that the merger with RE/MAX has led to a complete conversion of shares, thereby altering the ownership landscape for Real Brokerage.

Impact

This merger may affect various stakeholders, including former shareholders of Real Brokerage who are now shareholders of Real REMAX. Additionally, competitors in the real estate sector may need to reassess their strategies in light of this consolidation, as larger entities often have more resources and market influence.

What's Next

The filing does not specify what happens next for Real Brokerage or its stakeholders. However, it is likely that further updates will follow as the company integrates into the RE/MAX structure and navigates the evolving real estate market.