FOREWARN Partners with Virginia REALTORS®
Virginia REALTORS® has partnered with FOREWARN, a red violet company (NASDAQ: RDVT), to offer real-time information solutions for real estate agents to promote proactive agent safety. FOREWARN services will be available to the 36,000+ members of Virginia REALTORS® to verify identities, search for criminal histories, and validate client information using just a phone number, enhancing agent safety and confidence during showings.
Partnership with Virginia REALTORS® provides exposure to a large network of 36,000+ real estate professionals, increasing potential customer base.
FOREWARN services offer agents the ability to mitigate risks and enhance safety by verifying identities, searching criminal histories, and validating client information, promoting proactive agent safety.
Offering FOREWARN services at no additional cost to individual agents shows commitment to enhancing member benefits and promoting agent safety within the real estate industry.
No specific financial details mentioned in the press release regarding the partnership with Virginia REALTORS® and the impact on RDVT stock performance.
There is a lack of information on the potential long-term benefits or drawbacks of the partnership with Virginia REALTORS® for FOREWARN and RDVT shareholders.
Virginia REALTORS® makes FOREWARN services available for its 36,000+ real estate professional members to promote proactive agent safety
BOCA RATON, Fla., May 02, 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 Virginia REALTORS® will offer FOREWARN® services to its 36,000+ members it serves throughout the State of Virginia 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 VIRGINIA REALTORS® are available to the 36,000+ members at no additional cost to individual agents.
“We are pleased to be providing FOREWARN as an essential benefit for the safety of all our members,” said Terrie Suit, CEO of Virginia REALTORS®. “FOREWARN provides a quick and easy way for agents to verify prospect identity, risks, and potential fraud. Protecting our members’ business is our top priority, and providing FOREWARN is a great way to accomplish that by helping members to work with increased safety and peace of mind.”
Existing VIRGINIA REALTORS® 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 Virginia REALTORS® members and whether FOREWARN will serve as a tool for Virginia REALTORS® members to help them quickly verify prospect identity, risks and potential 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
What is the partnership between FOREWARN and Virginia REALTORS® about?
How many members will have access to FOREWARN services through Virginia REALTORS®?
What benefits do FOREWARN services offer to real estate agents?
Will agents have to pay an additional cost for FOREWARN services through Virginia REALTORS®?
