Real Brokerage Stock Price, News & Analysis

The Real Brokerage Inc. (NASDAQ: REAX) announced that its Chairman and CEO, Tamir Poleg, will present at the Sidoti Micro-Cap Virtual Conference on August 18, 2022, at 11:30am ET. The conference aims to showcase the company's innovative approach in the real estate industry, leveraging technology to enhance efficiency and agent performance. Interested parties can access the live presentation through the provided webcast link. Real operates in 44 states and two Canadian provinces, employing over 6,000 agents.

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 Jared Chamberlain, is joining its network. Founded in 2009, the Chamberlain Group closed $182 million in sales volume in 2021 and has surpassed $185 million in 2022 to date. The integration aims to enhance agent support and growth through Real's technology-driven platform. Real continues to expand in Alberta, collaborating with seasoned agents to improve market presence.

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.