REAL BROKERAGE INC - REAX STOCK NEWS

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) announced that Tamir Poleg, Chairman and CEO, will present at the Ladenburg Thalmann Technology Expo 2023 in New York on April 27, 2023, at 10 a.m. ET. The presentation will be available live via a webcast, accessible through their investor website.

Founded in 2014, Real Brokerage specializes in transforming the residential real estate market by integrating advanced technology with a supportive agent-led approach. With over 10,000 agents, it operates across 45 states, Washington D.C., and three Canadian provinces. This event marks a significant opportunity for investors and stakeholders to gain insights into the company’s innovative strategies and growth trajectory.

Real Title, a digital closing platform, has launched Real Escrow in California, marking its expansion into six states, including Florida, Georgia, Texas, Utah, and Arizona. This service aims to provide a seamless real estate transaction experience. The company plans to be operational in at least 10 states by the second half of 2023. To support this growth, Brad Miller has been appointed as National Director of Title, bringing 17 years of industry experience. Real Title’s strategy focuses on leveraging technology to enhance customer service in a competitive market dominated by significant technology firms.

The Real Brokerage Inc. (TSX: REAX), a rapidly growing real estate brokerage, has announced its merger with Sentry Residential, which focuses on serving military personnel and their families. This merger will lead to the establishment of Real's Military Division, utilizing Sentry's existing relationships and Real’s over 500 military-focused agents. This strategic move pushes the total number of Real agents beyond 10,000, a significant milestone, reflecting strong recruiting performance in Q1 2023. The collaboration aims to enhance services for military families and support their home ownership and career needs.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has appointed Alexandra Lumpkin as its first General Counsel, enhancing its leadership team. Reporting to CEO Tamir Poleg, Lumpkin will oversee legal and compliance matters. With nearly a decade of experience at Lennar, Lumpkin possesses significant industry expertise, particularly in residential real estate, corporate governance, and securities law. Her previous roles include Associate General Counsel and Deputy General Counsel at Lennar. Real Brokerage aims to leverage her experience to further its growth and technological integration in real estate.

The Real Brokerage (TSX: REAX) reported substantial growth in its Q4 and full-year 2022 financial results, with revenue surging 214% year-over-year to $381.8 million and gross profit increasing by 188% to $32 million. Despite the positive growth, the company posted a net loss of $20.6 million for the year, up from a $11.7 million loss in 2021. The agent base grew by 113% year-over-year, exceeding 8,200 agents by year-end. Changes to the agent fee structure are anticipated to generate over $5 million in net profit in 2023. The company aims to achieve adjusted EBITDA profitability in the latter half of the year, driven by strategic operational changes.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) announced the addition of Great Life RE, LLC, led by Lainey Jones and Eleanor Cippel, to its team, enhancing their presence in eastern Tennessee. Great Life RE previously operated under eXp Realty and had a sales volume of $100 million in 2022. This strategic move aligns with Real's growth objectives and highlights its commitment to a collaborative culture. With over 9,000 agents across 45 states and Canada, Real continues to revolutionize the residential real estate industry by combining technology with agent support.

The Real Brokerage Inc. (TSX: REAX), a rapidly growing real estate brokerage, has announced the addition of The Jason Martin Group, a top-performing team from @Properties, enhancing their operations in the D.C. metro area. The team, consisting of 20 agents, closed over $137 million in transactions in 2022. Jason Martin, a seasoned real estate professional, emphasized the innovative approach of Real Brokerage in empowering agents and fostering a collaborative culture. This strategic move aims to bolster Real’s market presence and growth in a competitive landscape.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) will announce its fourth quarter and full year 2022 financial results on March 16, 2023, before market open. A conference call will follow at 11:00 AM EST to discuss these results. Investors can contact 888-506-0062 (North America) or 973-528-0011 (International) to join the call. Access code is 937975. Forward-looking information is provided, cautioning that actual results may differ due to various risks and uncertainties. The company, founded in 2014, operates a digital brokerage platform with over 9,000 agents across the U.S. and Canada.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX), a leading real estate brokerage, has announced that its CEO, Tamir Poleg, will present at the Singular Emerging Growth & Value Alpha Leaders Webinar on February 23, 2023, at 9:15 AM PT (12:15 PM ET). This presentation will provide insights into the company’s innovative approach in the real estate sector, utilizing advanced technology to enhance the home buying experience. The event will be accessible via a live webcast at this link. The Real Brokerage serves over 9,000 agents across 45 states and three Canadian provinces.