Industry Veteran Joe Ballarino Brings 400 Agents to Real
The Real Brokerage (NASDAQ: REAX) announced that Amerivest Realty, led by Joe Ballarino, has joined their platform, bringing 400 agents across Florida, Colorado, Minnesota and Wisconsin. Amerivest has completed over 5,000 sales valued at nearly $2.5 billion, with approximately 1,000 sales worth $500 million in 2023 alone. Ballarino, who brings nearly 30 years of industry experience and took full ownership of Amerivest in 2016, has transformed it into a multi-state online brokerage focused on technology and agent empowerment.
The Real Brokerage (NASDAQ: REAX) ha annunciato che Amerivest Realty, guidata da Joe Ballarino, si è unita alla loro piattaforma, portando con sé 400 agenti in Florida, Colorado, Minnesota e Wisconsin. Amerivest ha completato oltre 5.000 vendite per un valore quasi di 2,5 miliardi di dollari, con circa 1.000 vendite per un valore di 500 milioni di dollari nel solo 2023. Ballarino, che vanta quasi 30 anni di esperienza nel settore e ha acquisito la piena proprietà di Amerivest nel 2016, l'ha trasformata in un'agenzia online multi-stato focalizzata sulla tecnologia e sull'empowerment degli agenti.
The Real Brokerage (NASDAQ: REAX) anunció que Amerivest Realty, liderada por Joe Ballarino, se ha unido a su plataforma, trayendo 400 agentes en Florida, Colorado, Minnesota y Wisconsin. Amerivest ha completado más de 5,000 ventas valoradas en casi 2.5 mil millones de dólares, con aproximadamente 1,000 ventas por un valor de 500 millones de dólares solo en 2023. Ballarino, quien aporta casi 30 años de experiencia en la industria y asumió la propiedad total de Amerivest en 2016, la ha transformado en una correduría en línea de múltiple estado centrada en la tecnología y en el empoderamiento de los agentes.
The Real Brokerage (NASDAQ: REAX)는 Amerivest Realty가 Joe Ballarino의 이끌림으로 그들의 플랫폼에 합류했으며, 플로리다, 콜로라도, 미네소타 및 위스콘신에서 400명의 에이전트를 데려왔다고 발표했습니다. Amerivest는 25억 달러에 달하는 5,000건 이상의 거래를 완료했으며, 2023년에는 약 5억 달러의 1,000건의 거래가 있었습니다. Ballarino는 업계에서 30년 가까운 경험을 쌓았고 2016년에 Amerivest의 전적인 소유권을 인수하여 기술 및 에이전트 권한 부여에 중점을 둔 다주 주 온라인 중개업체로 변모시켰습니다.
The Real Brokerage (NASDAQ: REAX) a annoncé que Amerivest Realty, dirigée par Joe Ballarino, a rejoint leur plateforme, apportant 400 agents en Floride, au Colorado, au Minnesota et au Wisconsin. Amerivest a réalisé plus de 5 000 ventes d'une valeur de près de 2,5 milliards de dollars, avec environ 1 000 ventes d'une valeur de 500 millions de dollars rien qu'en 2023. Ballarino, qui possède près de 30 ans d'expérience dans l'industrie et a pris la pleine propriété d'Amerivest en 2016, l'a transformée en une agence en ligne multi-états centrée sur la technologie et l'autonomisation des agents.
The Real Brokerage (NASDAQ: REAX) hat bekannt gegeben, dass Amerivest Realty, unter der Leitung von Joe Ballarino, ihrer Plattform beigetreten ist und 400 Makler aus Florida, Colorado, Minnesota und Wisconsin mitgebracht hat. Amerivest hat über 5.000 Verkäufe mit einem Gesamtwert von fast 2,5 Milliarden Dollar abgeschlossen, darunter etwa 1.000 Verkäufe im Wert von 500 Millionen Dollar allein im Jahr 2023. Ballarino bringt fast 30 Jahre Branchenerfahrung mit und übernahm 2016 die vollständige Kontrolle über Amerivest, das er in ein multistaatliches Online-Brokerage verwandelt hat, das auf Technologie und die Stärkung der Makler fokussiert ist.
- Addition of 400 new agents across four states
- Acquisition of a brokerage with $2.5 billion in historical transaction value
- Integration of a company with strong 2023 performance: 1,000 sales worth $500 million
- None.
Insights
This strategic acquisition significantly strengthens Real Brokerage's market presence, adding 400 agents with an impressive track record of
The acquisition brings valuable technological expertise through Ballarino's background with Form Simplicity and his experience in developing tech-driven brokerage operations. His track record in transaction management platforms and digital transformation of traditional brokerages adds significant intellectual capital to Real's technology ecosystem. The integration potential between Amerivest's existing tech stack and Real's platform could accelerate innovation in their agent-facing tools and create competitive advantages in agent recruitment and retention. This tech-forward approach positions Real to better compete with other digital-first brokerages while potentially reducing operational costs through improved efficiency.
Top-producing Amerivest Realty brings a transaction history of more than 5,000 sales valued at nearly
Ballarino brings nearly 30 years of technology and real estate experience. He began his real estate career as an agent at Winfield & Associates, Amerivest’s predecessor, in 1994. He rose through the ranks and took full ownership of Amerivest in 2016, transforming it into a multi-state online brokerage.
In addition to a successful career as a brokerage leader, Ballarino has served as President of the
“Joe’s commitment to technology and education equips agents with the tools to elevate client service,” said Real President Sharran Srivatsaa. “This aligns seamlessly with Real’s mission of innovation and excellence, and we’re excited to support Joe and his team as they continue to push boundaries in the industry.”
Since taking full ownership of the brokerage in 2016, Ballarino has expanded Amerivest into a technology-driven brokerage supporting agent growth with innovative tools and training, closing nearly 5,000 home sales worth close to
“Amerivest was built on the foundation of empowering agents with the tools and technology to succeed,” Ballarino said. “Joining Real allows us to take our platform even further, providing agents with unparalleled resources while tapping into Real’s collaborative culture.”
About Real
Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence throughout the
Forward-Looking Information
This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s ability to continue to attract agents.
Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors'' in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241104716618/en/
Investor inquiries, please contact:
Ravi Jani
Vice President, Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Senior Director, Marketing, Communications & Brand
elisabeth@therealbrokerage.com
201.564.4221
Source: The Real Brokerage Inc.
FAQ
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