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. (NASDAQ: REAX) reported substantial growth for Q2 2022, with a 386% year-over-year increase in revenue to $112.4 million and 283% growth in gross profit to $9.3 million. Despite a net operating loss of $4.2 million, an increase from $2.8 million in Q2 2021, operating expenses as a percentage of revenue decreased significantly to 12%. The agent count surged to over 5,600, a 129% increase. The Company emphasized its strong growth amidst market challenges, alongside a cash reserve of $32.5 million.
The Real Brokerage Inc. (NASDAQ: REAX) has surpassed 6,000 agents, highlighting its attractive financial incentives and innovative technology. Over the past year, it expanded its operations to 44 states and Washington, D.C., and entered Canada with new operations in Alberta and Ontario. The company transitioned from the TSX Venture Exchange to the Toronto Stock Exchange, marking significant growth since its Nasdaq listing on July 21, 2022. CEO Tamir Poleg expressed confidence in the firm’s collaborative culture and technology-driven model.
The Real Brokerage Inc. (NASDAQ: REAX) will release its second quarter 2022 financial results on August 11, 2022, before market open. A conference call will follow at 11:00 AM EST to discuss the results. The company employs over 5,000 agents across 44 states, D.C., and two Canadian provinces, aiming to revolutionize real estate through technology. Participants can access the call via dial-in or webcast. An archived replay will be available for one year.
The Real Brokerage Inc. (NASDAQ: REAX) has received final approval to list its common shares on the Toronto Stock Exchange (TSX), transitioning from the TSX Venture Exchange.
This uplisting is set to commence on July 26, 2022, aiming to increase the company's global visibility and attract a broader investor base. Shareholders are not required to take any action regarding their share certificates, as there will be no change in the trading symbol or CUSIP for the shares.
The Real Brokerage Inc. (NASDAQ: REAX) has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX), graduating from the TSX Venture Exchange (TSXV). This milestone reflects the company's significant growth in the international real estate market. Final listing approval is subject to certain conditions, with a subsequent press release to confirm the trading commencement date. No action is required from shareholders, as share certificates and trading symbols will remain unchanged.
The Real Brokerage Inc. (NASDAQ: REAX) has announced that the Chamberlain Group, a Calgary-based real estate team led by
Real Brokerage Inc. (NASDAQ: REAX) has launched a new consumer-facing website, OneReal.com, enhancing property search capabilities for buyers and sellers. The site allows users to filter listings based on location, price, property type, and other criteria, while also providing a platform to find agents. This initiative aims to strengthen lead generation for agents and marks Real's expansion into direct consumer engagement. The company's existing website has also been updated to attract agents, with important investor information now available on OneReal.com.
The Real Brokerage Inc. (NASDAQ: REAX) announced that The Pozek Group, a Florida-based real estate team led by Ken Pozek, is joining its network. With 17 agents, The Pozek Group has closed $170 million in transaction volume over the past year. This partnership aims to expand Real's presence in the lucrative Florida market, particularly in Orlando. CEO Tamir Poleg highlighted the significance of this addition for both growth and service enhancement in the region.
The Real Brokerage Inc. (NASDAQ: REAX) has announced that 24/7 Realty, a growing real estate team based in San Diego, is joining its network. Founded in 2019, 24/7 Realty has expanded from 4 to over 200 agents, closing 569 transactions worth more than
The Real Brokerage Inc. (NASDAQ: REAX) has achieved remarkable growth, surpassing 5,000 agents, a 104% increase from 2,450 agents in the past year. The company expanded its operations to 44 U.S. states and the District of Columbia, with a significant international launch in Canada. Real emphasizes a technology-driven brokerage model that alleviates traditional franchise fees and enhances financial incentives for agents. Chairman and CEO Tamir Poleg attributes this success to the company's agent attraction momentum and comprehensive tech solutions.
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