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FOREWARN Partners with New Hampshire Association of REALTORS®

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FOREWARN, , a red violet company (NASDAQ: RDVT), has partnered with the New Hampshire Association of REALTORS® (NHAR) to provide its real-time information solutions to over 6,500 real estate professionals across New Hampshire. This partnership aims to enhance agent safety and risk mitigation.

FOREWARN's services, accessible online and via a mobile app, utilize advanced data analysis to verify client identities, search criminal histories, and validate information using only a phone number. This tool enables agents to plan showings more confidently and safely.

NHAR is offering FOREWARN services to its members at no additional cost, demonstrating its commitment to member safety and well-being. Bob Quinn, CEO of NHAR, emphasized the importance of this tool in simplifying prospect verification and enhancing personal safety for real estate professionals.

FOREWARN, una società di rosso viola (NASDAQ: RDVT), ha stretto una partnership con l'Associazione dei REALTOR® del New Hampshire (NHAR) per fornire le sue soluzioni di informazione in tempo reale a oltre 6.500 professionisti del settore immobiliare in New Hampshire. Questa partnership mira a migliorare la sicurezza degli agenti e la mitigazione dei rischi.

I servizi di FOREWARN, accessibili online e tramite un'app mobile, utilizzano analisi dei dati avanzate per verificare le identità dei clienti, cercare i precedenti penali e validare le informazioni utilizzando solo un numero di telefono. Questo strumento consente agli agenti di pianificare le visite in modo più sicuro e fiducioso.

NHAR offre i servizi di FOREWARN ai suoi membri senza costi aggiuntivi, dimostrando il suo impegno per la sicurezza e il benessere dei membri. Bob Quinn, CEO di NHAR, ha sottolineato l'importanza di questo strumento per semplificare la verifica dei prospect e migliorare la sicurezza personale per i professionisti immobiliari.

FOREWARN, una empresa de color violeta rojo (NASDAQ: RDVT), se ha asociado con la Asociación de REALTORS® de New Hampshire (NHAR) para proporcionar sus soluciones de información en tiempo real a más de 6,500 profesionales inmobiliarios en New Hampshire. Esta asociación tiene como objetivo mejorar la seguridad de los agentes y la mitigación de riesgos.

Los servicios de FOREWARN, accesibles en línea y a través de una aplicación móvil, utilizan análisis de datos avanzados para verificar las identidades de los clientes, buscar antecedentes penales y validar información utilizando solo un número de teléfono. Esta herramienta permite a los agentes planificar las visitas con más confianza y seguridad.

NHAR ofrece los servicios de FOREWARN a sus miembros sin costo adicional, demostrando su compromiso con la seguridad y el bienestar de los miembros. Bob Quinn, CEO de NHAR, destacó la importancia de esta herramienta para simplificar la verificación de prospectos y mejorar la seguridad personal de los profesionales inmobiliarios.

FOREWARN(레드 바이올렛 회사, NASDAQ: RDVT)는 뉴햄프셔 부동산 중개인 협회(NHAR)와 파트너십을 맺고 뉴햄프셔 전역의 6,500명 이상의 부동산 전문가들에게 실시간 정보 솔루션을 제공하고 있습니다. 이 파트너십은 에이전트의 안전과 위험 완화를 향상시키는 것을 목표로 하고 있습니다.

FOREWARN의 서비스는 온라인 및 모바일 앱을 통해 접근할 수 있으며, 고급 데이터 분석을 활용하여 고객의 신원을 확인하고, 범죄 이력을 검색하며, 전화번호만으로 정보를 검증합니다. 이 도구는 에이전트가 더 안전하고 자신감 있게 보기를 계획할 수 있도록 해줍니다.

NHAR는 추가 비용 없이 회원들에게 FOREWARN 서비스를 제공하여 회원의 안전 및 복지에 대한 의지를 나타냅니다. NHAR의 CEO인 Bob Quinn은 이 도구가 잠재 고객 검증을 단순화하고 부동산 전문가의 개인 안전을 향상시키는 데 얼마나 중요한지를 강조했습니다.

FOREWARN, une entreprise de violet rouge (NASDAQ: RDVT), s'est associée à l'Association des REALTORS® du New Hampshire (NHAR) pour fournir ses solutions d'information en temps réel à plus de 6 500 professionnels de l'immobilier à travers le New Hampshire. Ce partenariat vise à améliorer la sécurité des agents et à atténuer les risques.

Les services de FOREWARN, accessibles en ligne et via une application mobile, utilisent des analyses de données avancées pour vérifier les identités des clients, rechercher les antécédents criminels et valider les informations en utilisant uniquement un numéro de téléphone. Cet outil permet aux agents de planifier les visites de manière plus confiante et sécurisée.

NHAR offre les services de FOREWARN à ses membres sans coût supplémentaire, démontrant ainsi son engagement envers la sécurité et le bien-être de ses membres. Bob Quinn, PDG de NHAR, a souligné l'importance de cet outil pour simplifier la vérification des prospects et renforcer la sécurité personnelle des professionnels de l'immobilier.

FOREWARN, ein rot-violett Unternehmen (NASDAQ: RDVT), hat sich mit der New Hampshire Association of REALTORS® (NHAR) zusammengeschlossen, um seine Echtzeit-Informationslösungen über 6.500 Immobilienprofis in New Hampshire anzubieten. Ziel dieser Partnerschaft ist es, die Sicherheit der Agenten und das Risikomanagement zu verbessern.

Die Dienstleistungen von FOREWARN, die online und über eine mobile App zugänglich sind, nutzen fortschrittliche Datenanalysen zur Überprüfung der Identitäten von Kunden, zur Suche in Strafregistern und zur Validierung von Informationen nur anhand einer Telefonnummer. Dieses Tool ermöglicht es Agenten, Besichtigungen sicherer und mit mehr Vertrauen zu planen.

NHAR bietet die FOREWARN-Dienste seinen Mitgliedern ohne zusätzliche Kosten an, was sein Engagement für die Sicherheit und das Wohl seiner Mitglieder unterstreicht. Bob Quinn, CEO von NHAR, betonte die Bedeutung dieses Werkzeugs zur Vereinfachung der Interessentenüberprüfung und zur Erhöhung der persönlichen Sicherheit von Immobilienprofis.

Positive
  • Partnership with New Hampshire Association of REALTORS® expands FOREWARN's user base by 6,500+ members
  • FOREWARN services provided at no additional cost to NHAR members, potentially increasing adoption rates
  • Expansion into New Hampshire market may lead to increased revenue and market presence for RDVT
Negative
  • None.

Insights

The partnership between FOREWARN and the New Hampshire Association of REALTORS® (NHAR) is a strategic move that could positively impact RDVT's market position. By offering FOREWARN services to NHAR's 6,500+ members at no additional cost, RDVT gains access to a significant user base in New Hampshire.

This deal has several potential benefits for RDVT:

  • Increased user adoption and data collection, enhancing FOREWARN's value proposition
  • Recurring revenue stream from NHAR's subscription
  • Enhanced brand recognition in the real estate sector
  • Potential for similar partnerships with other state associations

However, the impact on RDVT's financials may be in the short term, given the company's $392 million market cap. The long-term value lies in the potential for expanded partnerships and increased market share in the real estate safety solutions space.

FOREWARN's technology offers a compelling solution to a critical issue in the real estate industry: agent safety. The platform's ability to analyze billions of data points for identity verification, criminal history checks and information validation using just a phone number is technologically impressive.

Key technological advantages include:

  • Real-time information processing
  • Mobile application availability for on-the-go use
  • Integration of vast datasets for comprehensive background checks

This partnership could drive further innovation in RDVT's product offerings, as increased usage provides more data for machine learning algorithms to improve accuracy and expand features. The scalability of this SaaS model also positions RDVT well for future growth in the proptech sector.

New Hampshire Association of REALTORS® contracts to make FOREWARN services available for its 6,500+ real estate professional members to promote proactive agent safety

BOCA RATON, Fla., Oct. 18, 2024 (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 New Hampshire Association of REALTORS® (“NHAR”) will offer FOREWARN® services to its 6,500+ members it serves throughout the State of New Hampshire 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 offered by NHAR are available to the 6,500+ members at no additional cost to individual agents.

"We place a high value on the safety and well-being of our members," said Bob Quinn, CEO of New Hampshire Association of REALTORS®. "Introducing FOREWARN as a core benefit reflects our commitment. This tool simplifies the prospect verification process, helping members identify fraud, mitigate risks, and enhance their personal safety.”

Existing NHAR members will receive specific instructions on how to move forward with activating their FOREWARN subscription as an included benefit.

All other real estate agencies, agents, and appraisers 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 identity verification, 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 simplify the prospect verification process, helping members identify fraud, mitigate risks, and enhance their personal safety. 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 stock symbol for FOREWARN's parent company?

The stock symbol for FOREWARN's parent company, red violet, is RDVT.

How many NHAR members will have access to FOREWARN services?

Over 6,500 NHAR members will have access to FOREWARN services.

What information does FOREWARN use to verify potential clients?

FOREWARN uses just a phone number to verify identity, search criminal histories, and validate information provided by potential clients.

Who is the CEO of New Hampshire Association of REALTORS® mentioned in the press release?

Bob Quinn is mentioned as the CEO of New Hampshire Association of REALTORS® in the press release.

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