# EDGAR Filing Document

**Accession Number:** 0001581091
**File Stem:** 0001104659-26-017600
**Filing Date:** 2026-2
**Character Count:** 35808
**Document Hash:** fad6730cb4cd574abde7fb2460c98a6a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-017600.hdr.sgml**: 20260219

**ACCESSION NUMBER**: 0001104659-26-017600

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20260219

**DATE AS OF CHANGE**: 20260219

**EFFECTIVENESS DATE**: 20260219

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RE/MAX Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001581091
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 800937145
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-293602
- **FILM NUMBER:** 26655319

**BUSINESS ADDRESS:**
- **STREET 1:** 5075 SOUTH SYRACUSE STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237
- **BUSINESS PHONE:** (303)770-5531

**MAIL ADDRESS:**
- **STREET 1:** 5075 SOUTH SYRACUSE STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237

**As filed with the Securities and Exchange Commission on February 19, 2026**

**Registration Statement No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT UNDER<br> THE SECURITIES ACT OF 1933**

**RE/MAX HOLDINGS, INC.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Delaware** | **80-0937145** |
| **(State or other jurisdiction of<br> Incorporation or organization)** | **(I.R.S. Employer<br> Identification No.)** |

---

**<br> 5075 South Syracuse Street<br> Denver, Colorado 80237<br> (303) 7770-5531**

**(Address, including zip code, of principal executive offices)**

**Restricted Stock Unit Inducement Award Agreement (Time-Vested)**

**Restricted Stock Unit Inducement Award Agreement (Performance-Vested)**

**(Full title of the plan)**

**Erik Carlson<br> Chief Executive Officer<br> 5075 South Syracuse Street<br> Denver, Colorado 80237<br> (303) 770-5531**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)**

***With Copies to:***

**Gavin B. Grover, Esq.**

**John M. Rafferty, Esq.**

**Morrison & Foerster LLP**

**425 Market Street**

**San Francisco, California 94105**

**(415) 268-7000**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act:

Large accelerated filer ◻ Accelerated filer ⌧ <br> Non-accelerated filer ◻ Smaller reporting company ◻ <br> Emerging growth company ¨

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ◻

**EXPLANATORY NOTE**

This Registration Statement on Form S-8 registers shares of Class A common stock, par value $0.0001 per share (the "Common Stock"), of RE/MAX Holdings, Inc., a Delaware corporation (the "Registrant"), issuable pursuant to the following inducement awards made to the following persons to induce them to accept employment with the Registrant: (i) a grant to Victor Lombardo of restricted stock units ("RSUs") covering 75,000 shares of Common Stock, which RSUs will vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028; (ii) a grant to Tom Flanagan of RSUs covering 9,815 shares of Common Stock, which RSUs will vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028; and (iii) a grant to the same person referred to in clause (ii) of RSUs covering 19,630 shares of Common Stock (the "performance-vesting award") subject to vesting based on the Registrant's revenue during a performance period from January 1, 2025 through December 31, 2027 (which number of shares represents the maximum number of shares under such performance-vesting award). The inducement awards were approved by the Registrant's Board of Directors in compliance with and in reliance on New York Stock Exchange Rule 303A.08. The inducement awards were granted outside of the Registrant's 2023 Omnibus Incentive Plan.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

The information specified in Item 1 and Item 2 of Part I of this Registration Statement is omitted from this filing in accordance with the provisions of Rule 428 under the Securities Act of 1933, as amended (the "Securities Act"), and the introductory note to Part I of the Registration Statement on Form S-8. The documents containing the information specified in Part I will be delivered to the person to whom the inducement awards have been granted as required by Rule 428(b)(1) under the Securities Act.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The following documents, which are on file with the United States Securities and Exchange Commission (the "Commission"), are incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;a. The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2025,
filed with the Commission on [February 19, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1581091/000110465926017561/rmax-20251231x10k.htm) .

&nbsp;&nbsp;&nbsp;&nbsp;b. The Registrant's Current Reports on Form 8-K filed with the Commission on [February 11, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1581091/000110465926013546/tm266082d1_8k.htm) and [February 18, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/1581091/000110465926017069/tm266768d1_8k.htm) .

&nbsp;&nbsp;&nbsp;&nbsp;c. The description of the Registrant's Class A Common Stock contained in [Exhibit 4.2](https://www.sec.gov/Archives/edgar/data/1581091/000155837020001165/ex-4d2.htm) to the Registrant's Annual Report on
Form 10-K for the fiscal year ended December 31, 2019, filed with the Commission on February 21, 2020, which description is
incorporated herein by reference.

All reports and other documents subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), after the date hereof, and prior to the filing of a post-effective amendment that indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed incorporated by reference into this Registration Statement and to be a part hereof from the date of the filing of such report or other document. The Registrant is not, however, incorporating by reference any documents or portions thereof, whether specifically listed above or filed in the future, that are not deemed "filed" with the Commission, including any information furnished pursuant to Item 2.02 or Item 7.01 of Form 8-K or related exhibits furnished pursuant to Item 9.01 of Form 8-K.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4. Description of Securities.**

Not Applicable.

**Item 5. Interests of Named Experts and Counsel.**

Not Applicable.

**Item 6. Indemnification of Directors and Officers.**

Section 102(b)(7) of the Delaware General Corporation Law ("DGCL") provides that a corporation may, in its original certificate of incorporation or an amendment thereto, eliminate or limit the personal liability of a director for violations of the director's fiduciary duty, except (1) for any breach of the director's duty of loyalty to the corporation or its stockholders, (2) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (3) pursuant to Section 174 of the DGCL, which provides for liability of directors for unlawful payments of dividends or unlawful stock purchases or redemptions or (4) for any transaction from which a director derived an improper personal benefit. The Amended and Restated Certificate of Incorporation of the Company (the "Certificate of Incorporation") provides for such limitation of liability.

Section 145 of the DGCL provides that a corporation may indemnify any person, including an officer or director, who is, or is threatened to be made, party to any threatened, pending or completed legal action, suit or proceeding, whether civil, criminal, administrative or investigative, other than an action by or in the right of such corporation, by reason of the fact that such person was an officer, director, employee or agent of such corporation or is or was serving at the request of such corporation as an officer, director, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided such officer, director, employee or agent acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the corporation's best interest and, for criminal proceedings, had no reasonable cause to believe that his conduct was unlawful. A Delaware corporation may indemnify any officer or director in an action by or in the right of the corporation under the same conditions, except that no indemnification is permitted without judicial approval if the officer or director is adjudged to be liable to the corporation. Where an officer or director is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him against the expenses that such officer or director actually and reasonably incurred.

The Certificate of Incorporation provides for the indemnification of directors to the fullest extent permissible under Delaware law.

The Bylaws of the Company provide for the indemnification of officers and directors acting on the Company's behalf if this person acted in good faith and in a manner reasonably believed to be in and not opposed to the Company's best interest, and, with respect to any criminal action or proceeding, the indemnified party had no reason to believe his or her conduct was unlawful.

In addition, the Company has entered into separate indemnification agreements with each of its executive officers and directors, a form of which has been filed with the SEC. Such agreements may require the Company, among other things, to advance expenses and otherwise indemnify its executive officers and directors against certain liabilities that may arise by reason of their status or service as executive officers or directors, to the fullest extent permitted by law. The Company intends to enter into indemnification agreements with any new directors and executive officers in the future.

The Company maintains insurance on behalf of itself and any person who is or was a director or officer against any loss arising from any claim asserted against him or her and incurred by him or her in that capacity, subject to certain exclusions and limits of the amount of coverage.

**Item 7. Exemption from Registration Claimed.**

Not Applicable.

**Item 8. Exhibits.**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Exhibit<br> Number** |  | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** |
| **Exhibit<br> Number** | **Exhibit Description** | **Form** | **File No.** | **Exhibit** | **Filing Date** |
| [4.1\*](https://www.sec.gov/Archives/edgar/data/1581091/000156459013001337/rmax-ex3i_20130930303.htm) | [Amended and Restated Certificate of Incorporation of RE/MAX Holdings, Inc.](https://www.sec.gov/Archives/edgar/data/1581091/000156459013001337/rmax-ex3i_20130930303.htm) | 10-Q | 001-36101 | 3.1 | 11/14/2013 |
| [4.2\*](https://www.sec.gov/Archives/edgar/data/1581091/000110465918011421/a18-6713_2ex3d1.htm) | [Bylaws of RE/MAX Holdings, Inc.](https://www.sec.gov/Archives/edgar/data/1581091/000110465918011421/a18-6713_2ex3d1.htm) | 8-K | 001-36101 | 3.1 | 2/22/2018 |
| [4.3\*](https://www.sec.gov/Archives/edgar/data/1581091/000110465923066623/tm2317414d1_ex3-1.htm) | [Amendment No. 1 to Amended and Restated Bylaws of RE/MAX Holdings, Inc.](https://www.sec.gov/Archives/edgar/data/1581091/000110465923066623/tm2317414d1_ex3-1.htm) | 8-K | 001-36101 | 3.1 | 5/31/2023 |
| [4.4\*](https://www.sec.gov/Archives/edgar/data/1581091/000119312513381949/d558338dex41.htm) | [Form of RE/MAX Holdings, Inc. Class A common stock certificate.](https://www.sec.gov/Archives/edgar/data/1581091/000119312513381949/d558338dex41.htm) | S-1 | 333-190699 | 4.1 | 9/27/2013 |
| [5.1](tm266809d2_ex5-1.htm) | [Opinion of Morrison & Foerster LLP.](tm266809d2_ex5-1.htm) |  |  |  |  |
| [23.1](tm266809d2_ex23-1.htm) | [Consent of Ernst & Young, LLP, independent registered public accounting firm.](tm266809d2_ex23-1.htm) |  |  |  |  |
| [23.2](tm266809d2_ex5-1.htm) | [Consent of Morrison & Foerster LLP (included in Exhibit 5.1).](tm266809d2_ex5-1.htm) |  |  |  |  |
| [24.1](#a_001) | [Power of Attorney (included on signature page to this Registration Statement).](#a_001) |  |  |  |  |
| [99.1\*](https://www.sec.gov/Archives/edgar/data/1581091/000155837021016974/rmax-20210930xex10d2.htm) | [Form of Award Agreement - Time-Based RSU Awards.](https://www.sec.gov/Archives/edgar/data/1581091/000155837021016974/rmax-20210930xex10d2.htm) | 10-Q | 001-36101 | 10.2 | 12/21/2021 |
| [99.2\*](https://www.sec.gov/Archives/edgar/data/1581091/000155837021001856/rmax-20201231xex10d12.htm) | [Form of Award Agreement - Performance-Based RSU Award.](https://www.sec.gov/Archives/edgar/data/1581091/000155837021001856/rmax-20201231xex10d12.htm) | 10-K | 001-36101 | 10.12 | 2/25/2021 |
| [107](tm266809d2_ex-filingfees.htm) | [Filing Fee Table.](tm266809d2_ex-filingfees.htm) |  |  |  |  |

---

\* Incorporated by reference to exhibits previously filed.

**Item 9. Undertakings.**

(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration
Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change
in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or
high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if,
in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth
in the "Calculation of Registration Fee" table in the effective Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed
in this Registration Statement or any material change to such information in this Registration Statement.

*Provided, however*, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Denver, State of Colorado, on February 19, 2026.

---

| | |
|:---|:---|
| **RE/MAX HOLDINGS, INC.** | **RE/MAX HOLDINGS, INC.** |
| By: | /s/ Erik Carlson |
|  | **Erik Carlson**<br> **Director and Chief Executive Officer**<br> **(Principal Executive Officer)** |

---

**POWER OF ATTORNEY**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Erik Carlson and Karri R. Callahan, and each of them, his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or his or her or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof. This Power of Attorney may be signed in several counterparts.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; <br> /s/ Erik Carlson | &nbsp;&nbsp;Director and Chief Executive Officer | &nbsp;&nbsp;February 19, 2026 |
| &nbsp;&nbsp;**Erik Carlson** | &nbsp;&nbsp;(Principal Executive Officer) |  |
| &nbsp;&nbsp; <br> /s/ Karri R. Callahan | &nbsp;&nbsp;Chief Financial Officer | &nbsp;&nbsp; <br> February 19, 2026 |
| &nbsp;&nbsp;**Karri R. Callahan** | &nbsp;&nbsp;(Principal Financial Officer) |  |
| &nbsp;&nbsp; <br> /s/ Leah R. Jenkins | &nbsp;&nbsp;Chief Accounting Officer | &nbsp;&nbsp;February 19, 2026 |
| &nbsp;&nbsp;**Leah R. Jenkins** | &nbsp;&nbsp;(Principal Accounting Officer) |  |
| &nbsp;&nbsp; <br> /s/ David L. Liniger | &nbsp;&nbsp;Chairman and Co-Founder | &nbsp;&nbsp; February 19, 2026 |
| &nbsp;&nbsp;**David L. Liniger** |  |  |
| &nbsp;&nbsp; <br> /s/ Roger J. Dow | &nbsp;&nbsp;Lead Independent Director | &nbsp;&nbsp; February 19, 2026 |
| &nbsp;&nbsp;**Roger J. Dow** |  |  |
| &nbsp;&nbsp; <br> /s/ Norman K. Jenkins | &nbsp;&nbsp;Director | &nbsp;&nbsp; February 19, 2026 |
| &nbsp;&nbsp;**Norman K. Jenkins** |  |  |
| &nbsp;&nbsp; <br> /s/ Annita M. Menogan | &nbsp;&nbsp;Director | &nbsp;&nbsp; February 19, 2026 |
| &nbsp;&nbsp;**Annita M. Menogan** |  |  |
| &nbsp;&nbsp; <br> /s/ Cathleen Raffaeli | &nbsp;&nbsp;Director | &nbsp;&nbsp; February 19, 2026 |
| &nbsp;&nbsp;**Cathleen Raffaeli** |  |  |
| &nbsp;&nbsp; /s/ Katherine L. Scherping | &nbsp;&nbsp;Director | &nbsp;&nbsp; February 19, 2026 |
| &nbsp;&nbsp;**Katherine L. Scherping** |  |  |
| &nbsp;&nbsp; <br> /s/ Teresa S. Van De Bogart | &nbsp;&nbsp;Director | &nbsp;&nbsp; February 19, 2026 |
| &nbsp;&nbsp;**Teresa S. Van De Bogart** |  |  |

---

## Exhibit 5.1

**Exhibit 5.1**![](tm266809d2_ex5-1img01.jpg)

February 19, 2026

Board of Directors<br> RE/MAX Holdings, Inc.

5075 South Syracuse Street

Denver, Colorado 80237

Re: <u>Registration Statement on Form S-8</u>

Ladies and Gentlemen:

We are acting as counsel to RE/MAX Holdings, Inc., a Delaware corporation (the "Company"), in connection with its registration statement on Form S-8 (the "Registration Statement"), filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"), relating to the registration of 104,445 shares (the "Shares") of the Company's Class A common stock, par value $0.0001 per share ("Common Stock"), issuable pursuant to restricted stock unit awards to Victor Lombardo and Tom Flanagan as inducement awards.

As counsel for the Company, we have examined originals or copies, certified or otherwise identified to our satisfaction, of such documents, corporate records, certificates of public officials and other instruments as we have deemed necessary for the purposes of rendering this opinion and we are familiar with the proceedings taken and proposed to be taken by the Company in connection with the authorization, issuance and sale of the Shares. In our examination, we have assumed the genuineness of all signatures, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals and the conformity with the originals of all documents submitted to us as copies. This opinion letter is given, and all statements herein are made, in the context of the foregoing.

This opinion letter is based as to matters of law solely on the Delaware General Corporation Law, as amended. We express no opinion herein as to any other laws, statutes, ordinances, rules, or regulations. As used herein, the term "Delaware General Corporation Law, as amended" includes the statutory provisions contained therein, all applicable provisions of the Delaware Constitution and reported judicial decisions interpreting these laws.

Based upon, and subject to and limited by the foregoing, we are of the opinion that following (i) effectiveness of the Registration Statement and (ii) issuance and sale of the Shares in accordance with the terms set forth in the inducement award agreements, the Shares will be validly issued, fully paid and nonassessable.

This opinion letter has been prepared for use in connection with the Registration Statement. We assume no obligation to advise you of any changes in the foregoing subsequent to the effective date of the Registration Statement.

![](tm266809d2_ex5-1img02.jpg)

We consent to the use of this opinion as an exhibit to the Registration Statement, and we consent to the reference of our name wherever appearing in the Registration Statement and any amendments thereto. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act.

Very truly yours,

/s/ Morrison & Foerster LLP

## Exhibit 23.1

**Exhibit 23.1**

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement (Form S-8) pertaining to the registration of shares of common stock issuable pursuant to time-vested and performance-vested Restricted Stock Unit Inducement Award Agreements of RE/MAX Holdings, Inc. of our reports dated February 19, 2026, with respect to the consolidated financial statements of RE/MAX Holdings, Inc. and the effectiveness of internal control over financial reporting of RE/MAX Holdings, Inc. included in its Annual Report (Form 10-K) for the year ended December 31, 2025, filed with the Securities and Exchange Commission.

/s/ Ernst & Young

Denver, Colorado

February 19, 2026

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **RE/MAX Holdings, Inc.**  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Proposed Maximum Offering Price Per Unit**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| 1 | Equity | Class A Common Stock | Other | 104445 | $6.91 | $721714.95 | 0.0001381 | $99.67 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: |  | $721714.95  |  | $99.67  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  |  | $99.67  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  |  | $0.00  |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> Note (a) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of Class A common stock, $0.0001 par value per share ("Class A Common Stock"), of RE/MAX Holdings, Inc., a Delaware corporation (the "Registrant"), that become issuable by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of the Registrant's outstanding shares of Class A Common Stock. Note (b) Represents shares of Class A Common Stock issuable upon the vesting of restricted stock units ("RSUs") granted to certain employees of the registrant as employment inducement awards under Section 303A.08 of the NYSE Listed Company Manual. Note (c) The proposed maximum offering price per share has been estimated in accordance with Rule 457(c) and (h) under the Securities Act solely for the purpose of calculating the registration fee. The computation is based upon the average of the high and low prices of the Registrant's Class A common stock as reported on the New York Stock Exchange on February 18, 2026, because the price at which the securities to be granted in the future may be exercised is not currently determinable.

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Security Type Associated with Fee Offset Claimed | Unsold Aggregate Offering Amount Associated with Fee Offset Claimed | Fee Paid with Fee Offset Source |
| **Rule 457(p)** | **Rule 457(p)** | **Rule 457(p)** | **Rule 457(p)** | **Rule 457(p)** | **Rule 457(p)** | **Rule 457(p)** | **Rule 457(p)** | **Rule 457(p)** | **Rule 457(p)** | **Rule 457(p)** |
| Fee Offset Claims | 1 | RE/MAX Holdings, Inc. | S-3 | 333-234187 | 10/15/2019 |  | $99.67 | Unallocated (Universal) Shelf | $400000000.00 |  |
| Fee Offset Sources |  | RE/MAX Holdings, Inc. | S-3 | 333-234187 |  | 10/15/2019 |  |  |  | $99.67 |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Rule 457(p) Statement of Withdrawal, Termination, or Completion:** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> The registrant previously registered the offering of $400,000,000 of securities under a Registration Statement on Form S-3 filed with the Securities and Exchange Commission on October 15, 2019 (File No. 333-234187) (the "2019 Registration Statement"), which was declared effective on December 30, 2019 and expired on December 30, 2022. Of the $400,000,000 of securities registered on the 2019 Registration Statement, for which a contemporaneous fee payment of $51,920.00 was paid, all $400,000,000 of the securities remained unsold when the 2019 Registration Statement expired, leaving $51,920.00 in previously paid fees available for future offset. Subsequently, the registrant registered the offering of $350,000,000 of securities under a Registration Statement on Form S-3 filed with the Securities and Exchange Commission on February 28, 2023 (File No. 333-270127) (the "First 2023 Registration Statement"), claiming a fee offset of $38,570.00 pursuant to Rule 457(p) under the Securities Act, leaving $13,350.00 in previously paid fees available for future offset. Thereafter, the Registrant registered the offering of $53,803,516.14 of securities under a Registration Statement on Form S-8 filed with the SEC on May 26, 2023 (File No. 333-272219) (the "Second 2023 Registration Statement" and, together with the First 2023 Registration Statement, the "2023 Registration Statements"), claiming a fee offset of $5,929.15 pursuant to Rule 457(p) under the Securities Act, leaving $7,420.85 in previously paid fees available for future offset. Thereafter, the Registrant registered the offering of $8,089,871.84 of securities under a Registration Statement on Form S-8 filed with the SEC on February 22, 2024 (File No. 333-277280) (the "2024 Registration Statement") claiming a fee offset of $1,194.07 pursuant to Rule 457(p) under the Securities Act, leaving $6,226.78 in previously paid fees available for future offset. Thereafter, the Registrant registered the offering of $21,336,000 of securities under a Registration Statement on Form S-8 filed with the SEC on May 20, 2025 (File No. 333-287435) (the "2025 Registration Statement" and, together with the 2024 Registration Statement and the 2023 Registration Statements, the "Prior Registration Statements on Form S-8") claiming a fee offset of $3,266.54 pursuant to Rule 457(p) under the Securities Act, leaving $2,960.24 in previously paid fees available for future offset. Pursuant to Rule 457(p) under the Securities Act, the registration fee applicable to the offering of $721,714.95 of securities being registered hereby in the amount of $99.67 is offset by $99.67 in registration fees previously paid by the registrant with respect to securities that were not issued pursuant to the 2019 Registration Statement and not claimed for offset in connection with the Prior Registration Statements on Form S-8. Accordingly, no additional registration fees are due to be paid at this time.