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Mortgage Choice officially joins REA Group
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The major brokerage has today officially joined the REA Group, expanding the digital property advertising business’s reach into the mortgage distribution space.
As of today (1 July), franchise brokerage brand Mortgage Choice has officially joined the REA Group.
The 29-year-old brokerage and aggregator, which suspended trading on the ASX on 18 June after receiving court approval for REA Group’s $244-million acquisition, will continue to operate under its own brand through its network of over 380 franchises and over 500 mortgage brokers across Australia.
Shareholders of Mortgage Choice will today receive a cash consideration of $1.95 per share, as per the scheme of arrangement.