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 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.
The Real Brokerage Inc. (NASDAQ: REAX), a rapidly growing real estate brokerage, announced its third quarter 2022 financial results will be released before market open on November 10, 2022.
A conference call will follow at 11:00 AM EST to discuss these results, with a replay available for a year. This event highlights the company's ongoing commitment to transparency regarding its business performance and strategic growth initiatives.
The Real Brokerage Inc. (NASDAQ: REAX) has successfully obtained a receipt for a final short form base shelf prospectus, allowing the company to distribute up to US$200 million in securities over a 25-month period. This includes common shares, warrants, units, debt securities, and subscription receipts. The registration statement has been filed with the SEC but is not yet effective, meaning securities cannot be sold in the U.S. until it becomes effective. The Shelf Prospectus will provide further details on any upcoming offerings.
The Real Brokerage Inc. (NASDAQ: REAX) has surpassed 7,000 agents, highlighted during its inaugural One Real Conference in San Antonio, Texas, held from October 17-19, 2022. Key initiatives include launching an early version of a consumer app aimed at enhancing the home buying experience, the rollout of its proprietary reZEN platform to U.S. and Canadian agents, in-house coaching for agents, and expansion of Real Title operations to 19 states. The company continues to focus on tools and frameworks designed to boost agent productivity and improve financial performance.
The Real Brokerage Inc. (NASDAQ: REAX) will live stream select sessions from the inaugural One Real Conference on October 18, 2022, in San Antonio, Texas. The conference runs from October 17 to 19, 2022, featuring insights from Real’s leadership and Board of Directors. Attendees can register for live streaming sessions to learn about new initiatives and the company's future vision. The event schedule includes sessions on technology, training, and a leadership Q&A. More details and registration links are available on their website.
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