Welcome to our dedicated page for REAL BROKERAGE news (Ticker: REAX), a resource for investors and traders seeking the latest updates and insights on REAL BROKERAGE stock.
Real Brokerage Inc. (REAX) is a forward-thinking, technology-driven real estate brokerage firm. The company is dedicated to enhancing the real estate experience by leveraging advanced technologies that cater to both mobile and desktop users. Real Brokerage Inc. offers a unique, cloud-based platform that streamlines operations for its agents, allowing them to deliver a seamless, end-to-end experience to homebuyers and sellers. This platform integrates various tools that improve efficiency and empower real estate agents to better serve their clients.
With the majority of its revenue generated from the United States, Real Brokerage Inc. has established a significant presence in the American real estate market. The company's innovative approach includes the development and integration of cutting-edge technologies, which help reduce operational costs and increase productivity. Real Brokerage Inc. continuously invests in technological advancements to stay ahead in the competitive real estate industry.
Recent achievements include the expansion of their agent network, enhancements to their cloud-based platform, and strategic partnerships aimed at furthering their technological and operational capabilities. The company remains focused on providing top-notch services to its agents and clients, ensuring that both homebuying and selling processes are as smooth and efficient as possible.
In conclusion, Real Brokerage Inc. stands out in the real estate brokerage sector through its commitment to technological innovation and superior agent support. By continuously improving its platform and expanding its reach, the company aims to redefine the real estate experience for all stakeholders involved.
Real Brokerage (NASDAQ: REAX) has released its December 2024 Agent Survey, showing increased optimism for market recovery in 2025. The Agent Optimism Index reached a new high of 76.4, with 81% of agents feeling more optimistic about their local market outlook.
The survey revealed notable stability in commission rates. In the US, 55% of agents reported no significant changes in buy-side commission rates, while 64% noted stable listing-side rates in 2024. Looking ahead to 2025, 52% expect buy-side rates to remain steady, and 60% anticipate stable listing-side commissions.
Market conditions show a balanced distribution: 30% of agents describe their market as buyer-dominated, 30% as seller-dominated, and 40% as balanced. Affordability remains the primary concern for homebuyers, cited by 59% of agents, followed by inventory constraints at 23%. The Transaction Growth Index showed modest contraction at 47.7 in December, with Canada maintaining expansion at 56.7 while the US slightly declined to 46.8.
The Real Brokerage Inc. (NASDAQ: REAX) has announced that Ryan Rodenbeck's Spyglass Realty is joining Real under their Private Label program. Spyglass, with 140 agents and projected 2024 sales volume of nearly $400 million, will nearly double Real's presence in Austin.
Rodenbeck, host of the #RealtyHack podcast and a nine-time Austin Platinum Top 50 Realtors award recipient, founded Spyglass in 2008. The brokerage has expanded significantly since 2015, recently entering the Houston market. Spyglass has earned notable recognition, including being named Indy Broker of the Year by the Austin Board of Realtors in 2019 and ranking as a Best Place to Work by the Austin Business Journal for five consecutive years.
The Private Label program allows Spyglass to maintain its brand identity while accessing Real's technology and compensation programs. This strategic move aims to enhance Real's growth in central Texas while expanding Spyglass's capabilities.
Real Brokerage (NASDAQ: REAX), a technology platform transforming real estate services, has announced its participation in the 27th Annual Needham Growth Conference. Chairman and CEO Tamir Poleg will deliver a presentation on Tuesday, January 14, 2025, at 1:30 p.m. ET in New York.
The presentation will be accessible through a live webcast, with a replay available for one year afterward. Interested parties can access the webcast through the provided link or through the investor relations section of Real's website.
The Real Brokerage Inc. (NASDAQ: REAX) has expanded its Florida Space Coast presence by acquiring The Burgman Group. Led by Shane Burgman, a former U.S. Navy Nuclear Submarine Missile Technician, the three-person team has established itself as a top performer with an average of 50 home sales annually, totaling over $200 million in sales during Burgman's 10-year career.
Burgman, who transitioned to real estate in 2015 after serving 10 years in the military, has built a significant social media presence with 22,000 Instagram followers and 5,000 YouTube subscribers, accumulating over 1 million views. At Real, he will join the company's Military Division, specializing in serving Veterans and active-duty service members.
The team was attracted to Real's collaborative community, technology platform, and entrepreneurial focus, including its commission structure and revenue share model.
Real Brokerage (NASDAQ: REAX) announced that Harvest Realty, a Southern California-based independent brokerage, has joined their platform, bringing 550 agents specialized in serving the Chinese community. This addition pushes Real's total agent count above 24,000 across North America.
Harvest Realty, founded in 2014 by Christine Li and John Zhang, has completed 5,210 home sales totaling $6.8 billion, including 1,627 sales valued at $2.4 billion in 2024. The brokerage joins Real under their Private Label program, maintaining their brand while accessing Real's resources and compensation programs.
Harvest's agents will gain access to Real's virtual community platform with automatic translation in over 90 languages, along with revenue share and stock options tied to company success.
The Real Brokerage (NASDAQ: REAX) has released its first-ever Sustainability Report, marking a significant milestone in its commitment to responsible business practices. The report highlights several key initiatives including:
- Enhancement of Leo, an AI-powered virtual assistant for agent productivity
- Expansion of the One Real Impact program supporting agents during hardship
- Implementation of flexible PTO policies for employee well-being
- Development of cybersecurity framework for data protection
With a network of over 23,000 agents across North America, Real's growth strategy emphasizes sustainable practices while leveraging technology to transform the real estate experience for buyers and sellers.
Real Brokerage (NASDAQ: REAX) released its November 2024 Agent Survey showing increasing optimism for the 2025 housing market. 89% of agents expect higher home sales transactions in 2025, with 60% forecasting growth of 5% or more. 75% of agents predict rising home prices, and 90% anticipate mortgage rates falling below current levels (6.5%-7.0%) by end-2025.
The Agent Optimism Index reached 73.1 in November, up from 68.5 in October, with 75% of agents feeling more optimistic. The survey revealed a shift toward a buyer's market, reaching a year-to-date high of 32%. Affordability remains the primary challenge at 62%, while inventory constraints eased to 19%. The Transaction Growth Index improved to 48.3 in November, indicating narrowing market contractions.
Urban Nest Realty, Las Vegas' No. 1 real estate branch, has joined The Real Brokerage Inc. (NASDAQ: REAX). The powerhouse team brings 400 agents and $11 billion in lifetime sales to Real's platform. Led by David J. Tina, David R. Tina, and Angela Tina, Urban Nest has closed over 35,000 home sales, including 2,500 transactions valued at $1.5 billion in 2023.
Founded in 2012, Urban Nest has become known for its agent-first philosophy and strong focus on the metro's luxury sector. The brokerage has received numerous accolades, including Vegas Inc.'s Agency of the Year in 2021 and Agents of the Year in 2023. The merger strengthens Real's footprint in the Las Vegas real estate market and aligns with both organizations' commitment to agent success and industry excellence.
Real Brokerage (NASDAQ: REAX) announced that ROVI Homes has joined their platform, bringing 150 agents and $2 billion in career home sales. The addition strengthens Real's presence in New England and Florida's Southwest Coast, pushing their total agent count above 23,000.
Founded in 2015 by Steve Rovithis, ROVI Homes grew from 3 to 150 agents and was recognized on the Inc. 5000 list in 2020 and 2021. The brokerage is known for pioneering innovative solutions in the New England real estate market, including high-end property marketing and specialized agent services. ROVI Homes has completed over 7,500 transactions across western Massachusetts, Connecticut, Rhode Island, and Sarasota, Florida.
Real Brokerage (NASDAQ: REAX) ranked No. 38 on the 2024 Deloitte Technology Fast 500™, achieving 4,062% revenue growth over the three-year period from 2020 to 2023. The company attributes its success to operational efficiencies from its technology platform and entrepreneurial model, which continues to attract agents at a record pace. The Deloitte Technology Fast 500™ ranks the fastest-growing technology companies in North America, with participating companies showing growth rates between 201% and 153,625%, averaging 1,981% with a median of 460%.
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