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. has officially launched operations in Mississippi, expanding its reach to 44 states and Canada. Aritt Davis has been appointed as Principal Broker, bringing a strong background in real estate with over 100 transactions worth nearly $20 million in 2021. Real continues to grow, enhancing collaboration opportunities among agents and aiming to serve all U.S. agents. The company provides innovative strategies for agents focused on commission splits and equity participation, contributing to its competitive edge in the real estate sector.
The Real Brokerage Inc. (REAX) has announced the addition of The Brand Realty Group, a San Diego-based real estate team of over 25 agents, to its network. Founded by Serri Rowell in 2018, the group has been recognized among the top 1% producers in San Diego County. Rowell expressed confidence in Real's support and tools for agent success. The announcement also confirms that the Company will solely conduct its normal course issuer bid through NASDAQ. This strategic move is expected to strengthen Real's presence in the California market.
The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) announced its launch in Maine, expanding its operations to 43 states and Canada. Julie Perrino has been appointed as the Designated Broker, bringing experience from eXp Realty. CEO Tamir Poleg emphasized the significance of the Northeast for the company's growth and expressed optimism about attracting dedicated agents under Perrino's leadership. Real aims to enhance financial opportunities for agents through better commissions and technology-driven strategies.
The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) reported impressive financial results for Q4 2021 and FY 2021, achieving 612% growth in Q4 revenue to $50 million and 635% annual revenue growth to $122 million. Gross profit rose 415% to $11 million for the year. However, net operating loss increased to $11.7 million from $3.6 million in 2020. The company also reported cash flow from operations surged 342% to $3.9 million. With $38 million in cash, Real continues to pursue growth strategies, focusing on enhancing technology and expanding revenue streams.
The Real Brokerage Inc. (REAX) has expanded its operations into Arkansas, marking its presence in 42 U.S. states, the District of Columbia, and Canada. The company has appointed David Dunlap as Principal Broker, who will lead the new venture. Accompanying this launch, Pixel Properties Realty, led by Ray Ellen and Sarah Bailey, has joined Real, bringing an additional 40 agents. Real aims to enhance its market position in Arkansas, leveraging technology and resources to empower its agents and expand in the southern U.S.
The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has announced that The Perry Group, a leading real estate team from Salt Lake City with over 85 agents, will join its network. The Perry Group was recognized as the top team in Utah by RealTrends in 2021. Co-founders Jack and Michael Perry emphasized the integration of traditional brokerage with advanced technology as essential for future success in real estate. This addition aligns with Real's strategy to incorporate successful teams and cater to the increasing buyer interest in Utah.
The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) will present at the 34th annual Roth Conference on March 14, 2022, at 8:30 am PT. A webcast of the presentation is available here. Real is a technology-driven real estate brokerage active in 41 U.S. states and parts of Canada, boasting over 4,000 agents. The company focuses on financial opportunities for agents through improved commission structures and technology.
The Real Brokerage Inc. (REAX) will announce its fourth quarter and full year 2021 financial results on March 18, 2022, before market open. A conference call will follow on the same day at 11:00 a.m. EST to discuss the outcomes. The brokerage operates in 41 U.S. states and Canada, focusing on technology-led solutions for over 4,000 agents. Real aims to enhance agents' financial prospects through favorable commission structures and equity incentives.
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.
The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has announced its expansion into New Mexico, marking its operations in 41 states and Canada. The company has appointed Olga C'de Baca as the Qualifying Broker, who aims to leverage her experience to promote homeownership. CEO Tamir Poleg emphasized the significance of this expansion, enhancing ties in the Southwest. Real's technology-driven platform offers agents better commission structures and growth opportunities.
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