FOREWARN Partners with Tucson Association of REALTORS®
FOREWARN, a leading provider of real-time information solutions for real estate agents and a subsidiary of Red Violet (NASDAQ: RDVT), has partnered with the Tucson Association of REALTORS® (TAR). This collaboration will offer FOREWARN's services to over 5,700 TAR members at no additional cost. The service, available online and via a mobile app, analyzes billions of data points to verify identities, check criminal histories, and validate client information using just a phone number, thereby enhancing agent safety. Judy Lowe, CEO of TAR, emphasized the importance of this benefit to ensure member safety and combat fraud.
- FOREWARN's partnership with Tucson Association of REALTORS® offers services to over 5,700 members, potentially increasing user base and revenue.
- The service is available at no additional cost to individual TAR members, potentially increasing member satisfaction and retention.
- FOREWARN analyzes billions of data points to verify identities, check criminal histories, and validate client information, enhancing real estate agent safety.
- The partnership underscores a commitment to safety, which can positively impact FOREWARN's reputation and market position.
- The PR does not mention any direct financial gains or new revenue streams from the partnership, suggesting immediate financial impact.
- There is no mention of how the implementation of FOREWARN's services will be monetized beyond the TAR deal, posing questions about long-term profitability.
The largest trade association in Southern Arizona makes FOREWARN services available for its 5,700+ real estate professional members to promote proactive agent safety
BOCA RATON, Fla., June 04, 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 Tucson Association of REALTORS® (“TAR”) will offer FOREWARN® services to its 5,700+ members it serves throughout the Tucson 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 offered by TAR are available to the 5,700+ members at no additional cost to individual agents.
"At Tucson Association of REALTORS®, our members' safety is non-negotiable," said Judy Lowe, CEO. "Providing FOREWARN as a key benefit underscores this commitment. FOREWARN streamlines the process of verifying prospect identity, which helps agents to identify potential risks, combat fraud, and ultimately work with increased safety.”
Existing TAR 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 address critical safety concerns and needs for TAR members and whether FOREWARN will serve as a tool for TAR members to help them quickly verify prospect identity, identify potential risks and combat fraud. 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
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