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FOREWARN Partners with Reno Sparks Association of REALTORS®

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FOREWARN, a leading provider of real-time information solutions, has partnered with the Reno Sparks Association of REALTORS® (RSAR) to enhance agent safety by offering its services to over 2,900 members. The service, accessible online and via mobile app, analyzes extensive data to verify identities and mitigate risks during property showings. RSAR members can access these services at no extra cost, emphasizing the tool's significance in ensuring safe transactions in real estate. The announcement reflects the growing importance of safety in the industry.

Positive
  • Contract with RSAR increases user base to 2,900+ agents.
  • FOREWARN services offered at no additional cost to RSAR members.
  • Enhances agent safety by providing identity verification and risk assessment.
Negative
  • The effectiveness of FOREWARN in improving agent safety is uncertain.
  • Potential reliance on technology raises questions about privacy and data security.

The 2nd largest local REALTOR® Association in the state of Nevada contracts to make FOREWARN services available for its 2,900+ REALTOR® members to promote proactive agent safety

BOCA RATON, Fla., Jan. 14, 2022 (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 Reno Sparks Association of REALTORS® (“RSAR”) has contracted to make FOREWARN® services available for the 2,900+ REALTOR® members it serves throughout the Reno and Sparks 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 RSAR are available to the 2,900+ real estate agent membership at no additional cost to individual agents.

“I am so happy to be announcing that we are providing FOREWARN as a benefit for our members,” said Sarah Scattini, President of Reno Sparks Association of REALTORS®. “FOREWARN is a powerful tool that will help our members operate with increased safety by quickly verifying the identity of their prospects and potential associated risks. Safely showing property starts with planning ahead and knowing who you are working with and using FOREWARN makes that a quick and easy process.”

On January 4, 2022, existing RSAR 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 RSAR members and whether FOREWARN will help RSAR members operate with increased safety by quickly verifying the identity of their prospects and potential associated risks. 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 FOREWARN's recent contract with RSAR about?

FOREWARN has contracted with the Reno Sparks Association of REALTORS® to provide its safety services to over 2,900 members.

When was the FOREWARN contract with RSAR announced?

The contract was announced on January 14, 2022.

What benefits do RSAR members receive from FOREWARN?

RSAR members receive access to FOREWARN services at no additional cost, enabling them to verify identities and assess risks.

How does FOREWARN improve real estate agent safety?

FOREWARN enhances safety by analyzing data to verify identities and check criminal histories, allowing agents to plan showings with confidence.

What are the main features of the FOREWARN platform?

FOREWARN provides identity verification, criminal history searches, and information validation using only a phone number.

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