REAL BROKERAGE INC - REAX STOCK NEWS

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has announced the addition of Red Rock Real Estate Group, based in Utah, to its network of agents. Red Rock, the largest independent brokerage to join Real, has over 275 agents and generated $1.2 billion in closed volume last year. This move is part of Real's strategy for growth, highlighted by recent key executive hires, including Katharine Mobley as Chief Marketing Officer and Raj Naik as Chief Operating Officer. Real is focused on enhancing opportunities for agents through technology and equity incentives.

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) announced participation in the Stephens Annual Investment Conference on December 1, 2021, in Nashville. Management will hold one-on-one meetings at the event. Additionally, on November 19, 2021, the company granted 1,100,000 stock options to certain officers, vesting over four years. Real operates across 38 U.S. states and the District of Columbia, focusing on technology-driven solutions for real estate agents, offering competitive commission splits and equity incentives.

The Real Brokerage Inc. (REAX) reported remarkable 885% year-over-year revenue growth in Q3 2021, reaching $39 million, up from $3.9 million in Q3 2020. Gross profit surged 348% to $3.32 million. However, the net operating loss was $1.06 million, compared to $422 thousand a year earlier. Cash flow from operations increased by 581% to $1.03 million. The company also experienced a 132% growth in agents, totaling 2,975 by the end of Q3 2021. Real aims to compete more broadly by expanding its technology offerings.

The Real Brokerage Inc. has appointed Raj Naik as the new Chief Operating Officer, effective immediately. Naik brings over two decades of leadership experience, previously serving at Workrise and Uber. He will be responsible for enhancing operational efforts and expanding the company’s technology-driven services as Real continues to scale its operations across the U.S. and internationally. CEO Tamir Poleg expressed confidence in Naik's ability to drive growth, citing his extensive background and fit within Real's culture.

The Real Brokerage Inc. has appointed Katharine Mobley as its new Chief Marketing Officer. With over 20 years of experience in strategic marketing, Mobley will drive brand awareness, enhance agent visibility, and lead investor relations. Her background includes leading global marketing at First Advantage and managing accounts for Fortune 500 companies. Mobley aims to expand Real's footprint in the competitive real estate market, leveraging technology to create growth opportunities. Co-founder and CEO Tamir Poleg expressed confidence in Mobley’s ability to enhance the company's brand and culture.

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has launched operations in Idaho, expanding its presence to 38 U.S. states and Canada. Desi Williams from the Revista Realty team will serve as the principal broker, aiming to leverage Idaho's growing real estate market. With a team of six, Williams emphasizes Real's technology and support in fostering their business. The company targets growth in the western U.S., with strong potential as Idaho ranks among top commercial office markets.

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has announced the launch of Instant Payments, a revolutionary service allowing agents to be paid at the time a transaction is executed instead of waiting until closing. This initiative utilizes predictive analytics and artificial intelligence to assess transaction likelihood and payment timing, ultimately decreasing uncertainty for agents. Initially offered to a select group based on revenue and transaction volume, the program aims to improve financial stability for agents and reshape the payment dynamics in the real estate sector.

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) will release its Q3 2021 financial results on November 16, 2021, before market opening. A conference call will be held on the same day at 11:00 a.m. EST to discuss these results. Investors can dial in to the North American toll-free number at 888-506-0062 or the international number 973-528-0011, using access code 657837. This call aims to provide insights into the company's performance, as Real operates in 37 U.S. states and Canada, enhancing opportunities for over 3,000 agents.

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has announced its expansion into Michigan, marking its operations in 37 U.S. states and Canada. Industry veteran Nick Coppola has been appointed as the principal broker for Michigan, bringing over 30 years of experience. The company aims to leverage advanced technology to enhance agent capabilities and foster growth, reflecting its motto of 'work hard, be kind.' Real's model includes competitive commission splits and revenue sharing opportunities for agents.