North Group Joins The Real Brokerage Inc.

Rhea-AI Summary

The Real Brokerage Inc. (TSXV: REAX; NASDAQ: REAX) announced the integration of North Group, a prominent real estate team based in Ontario, into its expanding network. This partnership aims to leverage North Group's established presence in the Canadian market, which boasts over 40,000 clients. North Group’s founder, Amy Youngren, expressed confidence that this collaboration will enhance their growth through advanced technology and a focus on community. CEO Tamir Poleg welcomed North Group, highlighting the synergies in growth and innovation.

Positive

• North Group brings an established network of over 40,000 clients, investors, and realtors.
• The partnership aligns with Real's technology-driven approach to evolving real estate practices.

Negative

• None.

Toronto-Based Real Estate Team to be Led by Founder Amy Youngren

TORONTO and NEW YORK, March 2, 2022 /PRNewswire/ -- The Real Brokerage Inc. ("Real" or the "Company") (TSXV: REAX) (NASDAQ: REAX), an international, technology-powered real estate brokerage, today announced that North Group, based in Ontario, Canada, is joining its growing network of agents. 

North Group continues to expand its network of over 40,000 clients, investors and realtors and has a legacy grounded in the spirit of collaboration and the latest technology. Since its launch in 2017, North Group has quickly established itself as a leader in the Canadian real estate market through its platform of industry-leading systems, services and marketing.

"Real is the future of real estate and we are incredibly proud to announce that we have joined forces with a brand that matches our culture and elevates it," said North Group Founder, Amy Youngren. "The traditional real estate model is evolving and technology is already playing a big part in that process. Joining Real can allow us to propel our team forward and help us build a larger community within the industry that offers an unparalleled experience without borders or restrictions."

"We are excited to welcome North Group to the Real community," said Real co-founder and CEO, Tamir Poleg. "North Group's impressive growth in the Canadian real estate market can be bolstered by Real's focus on collaboration and industry-leading innovation. We look forward to partnering with Amy and the entire North Group team."

The Real Brokerage Inc. partnership is part of North Group's vision to continue to fast track the success of its agents and offer significant benefits to its growing team. The partnership announcement video can be viewed here: https://youtu.be/-w9rvqSw3gc.

About Real

Real (www.joinreal.com) is a technology-powered real estate brokerage operating in 41 U.S. states, the District of Columbia, and Ontario and Alberta, Canada. Real is building the future, together with more than 4,000 agents and their clients. Real creates financial opportunities for agents through better commission splits, best-in-class technology, revenue sharing and equity incentives.

Contact Information

For additional information, please contact:

The Real Brokerage Inc.

Elisabeth Warrick
elisabeth@therealbrokerage.com 

Caroline Glennon
thunder11@therealbrokerage.com
1+201-564-4221

Investors, for more information, please contact:
Hayden IR
James Carbonara
james@haydenir.com 
646-755-7412

About North Group
North Group is one of Canada's most accomplished and award-winning real estate teams. Based in Toronto, North Group serves the Greater Toronto Area through our platform of industry-leading systems, services and marketing. North Group's core mission is simple: to create real estate experiences worth talking about. For valued clients and Team Partners alike, everything North Group does is built on a foundation of core beliefs: get results by putting relationships first, taking ownership, staying grateful, building our community and mastering our craft.

Contact Information

Zaib Shadani - zaib@nkpr.net 
Melissa Augimeri - melissa@nkpr.net 
On social media, @northgroup_realestate

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 at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, information relating to North Group joining Real and the business and strategic plans of Real.

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. 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the NASDAQ has neither approved nor disapproved the contents of this press release.

View original content:https://www.prnewswire.com/news-releases/north-group-joins-the-real-brokerage-inc-301493713.html

SOURCE The Real Brokerage Inc.

FAQ

What is the significance of North Group joining The Real Brokerage Inc.?

The integration enhances Real's network and expands its market reach in Canada, leveraging North Group's established client base.

When was North Group's partnership with The Real Brokerage Inc. announced?

The partnership was announced on March 2, 2022.

What is the stock symbol for The Real Brokerage Inc.?

The stock symbol for The Real Brokerage Inc. is REAX.

How does North Group's integration impact Real's business strategy?

The integration supports Real's goal of leveraging technology and collaboration to enhance growth and service offerings.

What are the expectations following North Group's partnership with Real?

Expectations include accelerated growth and improved service delivery through enhanced technology and community focus.