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FOREWARN Partners with Daytona Beach Area Association of REALTORS®

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FOREWARN, a leading provider of real-time information solutions for real estate agents, has secured a contract with the Daytona Beach Area Association of REALTORS® (DBAAR) to provide its services to over 2,200 REALTOR® members. This initiative aims to enhance agent safety by enabling risk mitigation through identity verification and criminal history checks via phone number. The service comes at no additional cost to DBAAR members. CEO Mark Dougherty emphasized the importance of the tool in helping agents proactively identify risks.

Positive
  • Contract secured with Daytona Beach Area Association of REALTORS® to provide FOREWARN services to over 2,200 members.
  • FOREWARN services enhance real estate agent safety through identity verification and criminal history checks.
  • No additional cost for DBAAR members, increasing accessibility to safety resources.
Negative
  • Reliance on FOREWARN's effectiveness in improving safety remains uncertain, as indicated by the forward-looking statements.

Florida-based Association contracts to make FOREWARN services available for its 2,200+ REALTOR® members to promote proactive agent safety

BOCA RATON, Fla., Dec. 22, 2021 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ: RDVT) and the leading provider of real-time information solutions for real estate agents, today announced that Daytona Beach Area Association of REALTORS® (“DBAAR”) has contracted to make FOREWARN® services available for the 2,200+ REALTOR® members it serves throughout the Daytona Beach area to promote proactive real estate agent safety.

Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients -- using just a phone number. FOREWARN allows agents to properly and safely plan for showings with a higher level of confidence.

The FOREWARN services purchased by DBAAR are available to the 2,200+ real estate agent membership at no additional cost to individual agents.

“As an association, we feel it is important to help our members stay safe,” said Mark Dougherty, CEO of Daytona Beach Area Association of REALTORS®. “Providing our members with such a powerful verification tool in FOREWARN will help them to be proactive about their safety by identifying potential risk well in advance. The speed and ease of identity verification with FOREWARN is truly remarkable, and we are excited that our members now get to benefit by having it available whenever the need arises.”

On December 1, 2021, existing DBAAR members received specific instructions on how to move forward with activating their FOREWARN subscription.

All other real estate agencies and agents can learn more about FOREWARN at www.forewarn.com.

About FOREWARN®
At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable organizations to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information. Risk assessment and due diligence at your fingertips™.

RELATED LINKS: www.forewarn.com

About red violet®
At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our intelligent platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society. For more information, please visit www.redviolet.com.

FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether FOREWARN will address safety concerns for DBAAR members and whether FOREWARN will help DBAAR members to be proactive about their safety by identifying potential risk well in advance. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in red violet’s SEC Filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact:

Camilo Ramirez
Red Violet, Inc.
561-757-4500
ir@redviolet.com


FAQ

What is the significance of the contract between FOREWARN and DBAAR?

The contract provides FOREWARN services to over 2,200 REALTOR® members, enhancing agent safety through proactive risk mitigation.

How does FOREWARN help real estate agents?

FOREWARN helps agents verify identities and check criminal histories using just a phone number, allowing for safer showings.

Is there any cost for DBAAR members to use FOREWARN services?

No, the services are available to DBAAR members at no additional cost.

What are the concerns related to the effectiveness of FOREWARN?

The press release mentions uncertainty regarding the effectiveness of FOREWARN in addressing safety concerns for DBAAR members.

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