REMAX Holdings headquarters could shift from Colorado to Florida under an $880 million acquisition by The Real Brokerage announced Monday.

The companies are set to combine under a new entity — Real REMAX Group — bringing together REMAX’s global franchise network and brand with Real’s AI-driven, cloud-based platform.

The transaction calls for integrating REMAX’s Denver Tech Center headquarters into Real’s Florida operations, though some functions may remain in Colorado, the Denver Gazette reported.

“What they are purchasing is what they don’t have and what we are getting is what we don’t have,” Brad Whitehouse, broker-owner of REMAX Professionals, told local reporters. “What we are gaining over time are efficiencies and technologies that we haven’t had access to, and what they are gaining is the world’s most recognizable real estate brand The two are an intriguing fit.”

Potential relocation has also introduced uncertainty for Colorado-based brokers and staff, particularly given REMAX’s longstanding presence in the Denver market, local reporting shows.

The Denver Gazette said it remains unclear whether the company will retain its existing headquarters.

Despite the acquisition’s announcement coming with a tag of $880 million, The Wall Street Journal has suggested an effective valuation closer to $550 million when factoring in debt and ownership structure.

Shareholders are expected to have the option to take cash or equity in the combined entity.

The combined platform is expected to encompass roughly 180,000 agents and more than 8,500 franchisees, including REMAX’s network of about 145,000 agents across 120-plus countries.

REMAX and Motto Mortgage are expected to continue operating under their existing brands, alongside Real.

This article was written by Jonathan Delozier and generated with the assistance of HousingWire Automation. It was reviewed by a HousingWire editor before publication. The system helps convert company announcements and industry data into HousingWire-style news coverage.