Jodi Nishimura, One of the East Bay’s Top Agents, Brings Her Well-Known Boutique Brand to Real

Addition of Kai Real Estate adds to Real’s growing presence in California

TORONTO & NEW YORK--(BUSINESS WIRE)-- The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing publicly traded brokerage, today announced that Jodi Nishimura, who ranks in the top 1% of agents serving the East Bay, has brought her boutique brand, Kai Real Estate, to the company. The addition of the 12-agent team adds to Real’s growing presence throughout California, which more than doubled in 2023.

Headquartered in Berkeley, Kai Real Estate joins under Real’s newly launched Private Label program, which empowers independent brokerages and established brands to benefit from Real's cutting-edge transaction management platform while maintaining and continuing to invest in the brand they’ve worked hard to build.

“We are thrilled by the momentum we have seen from some of our industry’s most successful entrepreneurs who believe in the strong value proposition of joining Real under our Private Label program,” Real President Sharran Srivatsaa said. “Private Label was built for people like Jodi who have established great brands and who also want to be a part of something bigger. It’s a pleasure to welcome Jodi and the Kai Real Estate team to Real. They will be a driving force as we continue to build the Real brand in the Bay Area.”

Having personally completed several million-dollar home renovations, Nishimura specializes in helping her clients, which include investors, navigate large remodeling projects that garner top dollar. Over the past three years, she has completed home sales valued at approximately $200 million, placing her among the East Bay’s top 1% of agents and ranking her in the Real Trends America's Best Real Estate Professionals annual ranking. She formed Kai Real Estate in 2021, after spending most of her career as an independent agent.

“The more I learn about the Real, the more impressed I am. Everything from the culture to how the company is leveraging technology aligns with what I was looking for,” Nishimura said. “I’m excited to be part of Real, while also being able to nurture the Kai Real Estate brand.”

Real currently has more than 3,000 agents in California and more than 16,000 serving all 50 states in the U.S. and four Canadian provinces. The Private Label program is available through an application process in states that allow this type of representation.

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 in all 50 states throughout the U.S. and Canada, Real supports more than 16,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

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 and Real’s ability to attract new agents and retain current agents. 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/20240409130938/en/

Investor inquiries:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com

908.280.2515

For media inquiries:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

press@therealbrokerage.com

201.564.4221

Source: The Real Brokerage Inc.

FAQ

What is the ticker symbol for Real Brokerage Inc.?

The ticker symbol for Real Brokerage Inc. is REAX.

Who is Jodi Nishimura and what is her role in the announcement?

Jodi Nishimura, a top 1% agent in the East Bay, has brought her boutique brand Kai Real Estate to Real Brokerage Inc. Her addition enhances Real's presence in California.

What program did Kai Real Estate join under Real Brokerage Inc.?

Kai Real Estate joined Real's Private Label program, enabling independent brokerages and established brands to leverage Real's transaction management platform while retaining their brand identity.

What is the significance of the addition of Kai Real Estate to Real Brokerage Inc.?

The addition of Kai Real Estate reinforces Real's growth in California and demonstrates its appeal to successful entrepreneurs looking to collaborate with a leading brokerage.