REAL BROKERAGE INC - REAX STOCK NEWS

The Real Brokerage Inc. (NASDAQ: REAX) is set to unveil groundbreaking AI-powered innovations at its sold-out RISE 2024 conference. The event will showcase enhancements to Leo, Real's AI-powered personal concierge, and introduce Real Wallet, a financial management platform for agents. The three-day conference features over 50 agent-led sessions, focusing on productivity, networking, and leveraging Real's growing network.

Key highlights include:

• Tactical sessions on expanding referral pipelines
• Workshops for Real Luxury and Real Military divisions
• Inaugural Agent Brand Awards
• Keynote speakers like Dandapani on personal and professional growth
• Engagement opportunities with sponsors
• A community service project

The conference aims to position Real as an industry-leading AI-powered real estate company, offering agents tools and strategies for success in a changing market landscape.

The Real Brokerage Inc. (NASDAQ: REAX) has announced that the Grant Johnson Group, a 55-agent team serving the St. Paul/Minneapolis area, has joined Real. This addition pushes Real past the 22,000-agent mark, representing an increase of more than 8,000 agents since the end of 2023. The Grant Johnson Group, formed in 2021, has completed over 1,000 home sales with a transaction value of approximately $370 million since its inception, including 300 sales valued at $110 million in 2023.

The team, which relies heavily on internet lead generation, is on track to sell 450 homes in 2024. Real's President, Sharran Srivatsaa, expressed enthusiasm about the partnership, highlighting the team's fast growth and strong culture. Grant Johnson, a 30-year real estate veteran, cited Real's collaborative approach and growth potential as key factors in joining the brokerage.

The Real Brokerage Inc. (NASDAQ: REAX), a technology platform transforming real estate for agents, buyers, and sellers, has announced its upcoming third quarter 2024 earnings conference call. The company will release its financial results for the quarter ended September 30, 2024, on Thursday, November 7, 2024, before the market opens. A conference call to discuss the operating and financial results is scheduled for 8:30 a.m. ET on the same day.

Investors can join the live call using the provided dial-in details. An audio-only webcast will be available on the company's Investor Relations website. The conference call details include:

• North American Toll-Free: 888-506-0062
• International: 973-528-0011
• Access Code: 345905

A replay of the call will be accessible for one year through the provided replay number and link.

Real Brokerage Inc. (NASDAQ: REAX) released its August 2024 Agent Survey, offering insights into the National Association of Realtors' (NAR) settlement impact on the residential home sales market. The survey, with nearly 300 agent responses across North America, indicates minimal market disruption and increasing agent optimism, driven by declining mortgage rates.

Key findings include:

• 89% of agents felt prepared for NAR rule changes
• 65% found it easy to secure buyer representation agreements
• 55% reported no significant change in market activity since rule changes
• 83% of buyers expect sellers to cover agent commissions
• 55% of sellers offer buy-side commissions of 2.5% or greater

The Agent Optimism Index reached its highest level since April at 59.3, with 47% of agents feeling more optimistic about their market's 12-month outlook. The survey also revealed a shift towards a seller's market and continued year-over-year decline in industry home sale transactions.

The Real Brokerage Inc. (NASDAQ: REAX) has announced that the RealD2D Team, led by top-producing agent and coach Duane Richins, has joined the company. This addition brings 40 agents across 13 states to Real, with the team having achieved home sales of $250 million since 2022.

Richins, known for his successful door-to-door real estate sales approach, has consistently ranked in the top 1% of agents in Utah. In 2023, he personally sold homes valued at $24 million from repeat clients and referrals. The RealD2D team has sold nearly 500 homes over the past two years.

Based in Salt Lake City, RealD2D operates in multiple states, including Arizona, California, Florida, and New York. Richins cited Real's technology platform and leadership quality as key factors in his decision to join the brokerage.

Real Brokerage Inc. (NASDAQ: REAX) announced continued growth in August, surpassing 21,000 agents on its technology-powered platform. The company attracted several high-performing teams and independent brokerages across North America. Notable additions include:

1. Story House Real Estate in Charlottesville, Va. (6 agents, $120M in 2023 sales)
2. Wendy Rodriguez Real Estate Team in Bay Shore, N.Y. (6 agents, $50M in 2023 sales)
3. Capital and Coast in Raleigh, N.C. (11 agents, $50M in 2023 sales)
4. More Estates in Napa Valley, Ca. (3 agents, $39M in 2023 sales)
5. Reach Home Group in Phoenix, Az. (10 agents, $39M in 2023 sales)

These teams join Real's platform, which aims to reshape real estate for agents, buyers, and sellers.

Real Brokerage Inc. (NASDAQ: REAX) released its July 2024 Agent Survey, revealing a slight decline in agent optimism. The Agent Optimism Index dropped to 57.2 from 59.1 in June, with a 2.7 point decrease in the U.S. and a 5.6 point rise in Canada. The survey also showed a shift in market dynamics, with only 33% of agents identifying a seller's market, down from 51% in June.

The Total North American Industry Transactions index fell to 40.1 from 47.4, indicating a more pronounced decline in industry transactions. Affordability and mortgage rates remain the top challenge for prospective buyers, cited by 56% of agents. The survey also highlighted that life changes drive two-thirds of home sales, with downsizing (35%) and upsizing (32%) being the most common reasons.

In terms of technology, CRM software (29%) and transaction management platforms (24%) were identified as the most valuable tools for agents. Real Brokerage Inc. emphasized its focus on providing technology and resources to help agents adapt to changing market conditions and new industry regulations.

The Real Brokerage Inc. (NASDAQ:REAX), a tech platform revolutionizing real estate, announced its participation in the Investor Summit Summer 2024 Virtual Conference. Tamir Poleg, Chairman and CEO, will present on Tuesday, August 20, 2024, at 2:30 p.m. ET.

Investors can request one-on-one meetings with management through the event's registration page. The presentation will be broadcast live and available for replay for one year on the company's investor relations website and via a dedicated webcast link.

This event provides an opportunity for Real to showcase its innovative approach to reshaping the real estate industry for agents, home buyers, and sellers to a broader investor audience.

Real Brokerage Inc. (NASDAQ: REAX) is making its Real Buyer Playbook available to all real estate agents, regardless of brokerage affiliation, to help navigate the practice changes resulting from the NAR settlement effective August 17. The playbook includes a comprehensive website with videos, tools, and resources to assist agents in complying with new rules while preparing for success.

Real is also offering public events led by Drew Thompson, head of Real Academy, including workshops on objection handling, daily interactive training sessions, and a 10-city U.S. tour providing live training. These initiatives aim to educate and support agents across the industry during this transition period.