La Rosa Achieves Historic Milestone with Over 200 Agents Onboarded in June

Rhea-AI Summary

La Rosa Holdings Corp. (NASDAQ: LRHC) has announced a significant achievement: onboarding over 200 agents in June 2024. The company projects an agent count exceeding 4,000 by year-end, a 62% increase since its IPO in October 2023. CEO Joe La Rosa attributes this growth to the company's innovative, agent-centric revenue share model, which allows agents to earn revenue without restrictions. The company remains committed to supporting agent success through innovation, education, and community involvement, reflected in the trust and confidence agents have in the brand.

Positive

• Onboarded over 200 agents in June 2024.
• Projected agent count exceeding 4,000 by year-end, a 62% increase since IPO.
• Innovative, agent-centric revenue share model contributing to growth.
• Strong agent support through innovation, education, and community involvement.

Negative

• None.

Anticipates Exceeding 4,000 Agents by the End of the Year, Representing a Potential 62% Increase in Agent Count Since IPO

Celebration, FL, July 02, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced a historic achievement: onboarding over 200 agents in the month of June. The Company believes that this milestone is a testament to La Rosa Realty's continued growth, innovative approach, and commitment to excellence in the real estate industry.

Joe La Rosa, CEO of the Company, commented, "We are thrilled to welcome over 200 new agents to the La Rosa family. We believe that this achievement highlights the trust and confidence agents have in our brand and reflects our dedication to providing unparalleled support, resources, and opportunities for real estate professionals. In our view, our impressive growth can be attributed to our unique, innovative, and agent-friendly revenue share model. We believe that this approach disrupts existing revenue share models in the real estate industry by allowing agents to immediately earn revenue without restrictions. Our transparent and easy-to-understand model is more agent-centric, providing unparalleled opportunities for agents to thrive and succeed in the competitive real estate market. We anticipate exceeding 4,000 agents by the end of this year, which would represent a 62% increase in our agent count since going public in October 2023.”

“At La Rosa, we believe that our agents are the heart of our business. Our focus on innovation, education, and community has created a strong foundation for our agents to thrive. We are excited to see the positive impact our new agents will have on the communities they serve. With a presence in multiple states and a reputation for excellence, we continue to attract top talent in the industry. Our commitment to growth and agent success remains unwavering, as evidenced by this recent milestone," concluded Mr. La Rosa.

About La Rosa Holdings Corp.

La Rosa Holdings Corp. (Nasdaq: LRHC) is disrupting the real estate industry by offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions. Leveraging its proprietary technology platform, La Rosa empowers agents and franchisees to deliver top-tier service to their clients. The Company provides both residential and commercial real estate brokerage services and offers technology-based products and services to its sales agents and franchise agents.

La Rosa's business model is structured around internal services for agents and external services for the public, including residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, and property management. The Company has 22 La Rosa Realty corporate real estate brokerage offices and branches located in Florida, California, Texas, and Georgia. The Company also has 15 La Rosa Realty franchised real estate brokerage offices and branches and two affiliated real estate brokerage offices in the United States and Puerto Rico. 

For more information, please visit: https://www.larosaholdings.com.

Stay connected with La Rosa, sign up for news alerts here: larosaholdings.com/email-alerts.

Forward-Looking Statements

This press release contains forward-looking statements regarding the Company’s current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, our ability to successfully integrate acquisitions into our business operations, customer acceptance of new services, the demand for the Company’s services and the Company’s customers' economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company’s past and future acquired brokerages, the effect of the recent National Association of Realtors' landmark settlement on our business operations, and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (the "SEC”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other reports and documents that we file from time to time with the SEC, including our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.

For more information, contact: info@larosaholdings.com

Investor Relations Contact:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1020
Email: LRHC@crescendo-ir.com

FAQ

How many agents did La Rosa Holdings onboard in June 2024?

La Rosa Holdings onboarded over 200 agents in June 2024.

What is the projected agent count for La Rosa Holdings by the end of 2024?

La Rosa Holdings anticipates exceeding 4,000 agents by the end of 2024.

What percentage increase in agent count does La Rosa Holdings expect since its IPO?

La Rosa Holdings expects a 62% increase in agent count since its IPO.

What is the stock symbol for La Rosa Holdings?

The stock symbol for La Rosa Holdings is LRHC.

What factors contribute to the growth of La Rosa Holdings' agent count?

The growth is attributed to La Rosa Holdings' innovative, agent-centric revenue share model and strong agent support through innovation, education, and community involvement.