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.
The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has officially launched operations in Alabama, marking its presence in 45 states and three Canadian provinces. This expansion involves 25 agents who collectively closed approximately $30 million in real estate transactions last year. Danny Kushmer has been appointed as Principal Broker, aiming to enhance agent recruitment and market presence in Alabama. CEO Tamir Poleg emphasized the company's commitment to meeting agent needs and expanding its footprint in the Southeastern U.S.
The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has appointed Sharran Srivatsaa as its new President, effective immediately. In this newly created role, he will oversee the company’s growth initiatives, including agent recruitment and education. Srivatsaa brings over 20 years of experience in real estate, finance, and technology, having previously led Teles Properties to significant growth. His expertise aims to enhance Real's tech-powered, agent-centric platform, expediting market entry and expanding its agent network.
The Real Brokerage has completed the acquisition of LemonBrew Lending for $1.25 million, enhancing its mortgage brokerage services. The deal involves $800,000 in cash and 351,837 common shares, valued at $1.279 each. With this acquisition, Real aims to simplify the home buying process by integrating mortgage services, allowing customers to finance their purchases through Real directly. This strategic move follows Real's earlier acquisition of Expetitle, further expanding its capabilities in the real estate market.
The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has welcomed The Dean Aguilar Group, a 115-agent team from San Diego, enhancing its network in California. Founded in 2012, the team closed over $425 million in transactions in the last year. CEO Tamir Poleg expressed enthusiasm for this partnership, citing the team's tech-forward approach and people-first culture as key factors. The Real Brokerage aims to revolutionize residential real estate with a cloud-based platform, currently operating in 44 states and three Canadian provinces with over 7,000 agents.
The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has appointed Andrew Kazeniac as Chief Operating Officer to enhance operational efficiencies and improve service for agents through technology. Kazeniac has nearly 15 years of experience, including his role at Drizly, where he managed significant operations growth. CEO Tamir Poleg emphasized that the company’s expansion in agent growth and new mortgage capabilities positions it well for future success. Kazeniac replaces Raj Naik, who has left the company.
The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) reported significant growth in Q3 2022, with revenues soaring 188% year-over-year to $111.6 million and gross profit escalating 158% to $8.6 million. However, the net operating loss increased to $4.3 million from $1.0 million in Q3 2021. The total net loss attributable to shareholders was $5.2 million, leading to a loss per share of $0.03. The company continues to expand its agent network, surpassing 6,700 agents and achieving a 197% rise in transactions, totaling 11,233. Real held $21.9 million in cash as of September 30, 2022.
The Real Brokerage Inc. (NASDAQ: REAX) will present at the Stephens Annual Investment Conference on November 17, 2022, at 1:00 PM CT in Nashville. The presentation will be led by Tamir Poleg, Chair and CEO of the company. Interested parties can access a live webcast of the remarks on the company’s investor website www.onereal.com. As the fastest-growing publicly traded real estate brokerage, Real operates in 44 states and Canada with over 7,000 agents.
The Real Brokerage Inc. (NASDAQ: REAX) announced that Chairman and CEO Tamir Poleg will present at the Investor Summit Group’s Q4 Conference in New York on November 14, 2022, at 10:30am ET. The presentation will be live-streamed, allowing interested parties to access it through the company’s investor section. Real Brokerage focuses on revolutionizing the residential real estate sector using advanced technology and a cloud-based platform, serving over 7,000 agents across 44 states and D.C., as well as two Canadian provinces.
The Real Brokerage Inc. (NASDAQ: REAX) has announced the acquisition of Redline Real Estate Group (BC) Inc., expanding its operations into British Columbia. This move is part of Real's strategy to grow in Canada, leveraging its technology and competitive incentives to attract agents. With approximately 90 agents, Redline Realty has a strong presence in Alberta, Ontario, and British Columbia. This year, Real has increased its agent base by 82% to over 7,000. The acquisition aligns with Real's goal to provide a comprehensive home buying experience, following previous acquisitions of LemonBrew Lending and Expetitle.
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