Real Brokerage Stock Price, News & Analysis

The Real Brokerage Inc. (NASDAQ: REAX) announced the addition of Forever Home Realty, a Las Vegas-based real estate team with over 180 agents and $550 million in home sales in 2021, to its network. Founded by Nick Devitte in 2017, the team aims to streamline operations and expand its reach with Real's support. Real's CEO, Tamir Poleg, expressed enthusiasm about the partnership, highlighting previous success in the Las Vegas market. This collaboration signals Real's commitment to growth and enhancing financial opportunities for agents through technology and better commission structures.

The Real Brokerage Inc. (NASDAQ: REAX) will be presenting at the 2022 Sidoti Virtual Micro Cap Conference on May 11, 2022, at 8:30 a.m. ET. The presentation will feature Tamir Poleg, the Company's Chairman and CEO. Interested parties can access the live webcast of the event through the provided link. Operating in 44 U.S. states, the District of Columbia, and parts of Canada, Real focuses on technology-powered real estate brokerage and offers better commission splits and equity incentives to over 4,500 agents.

The Real Brokerage (NASDAQ: REAX) reported a strong first quarter for 2022, with revenue soaring 562% to $62 million compared to $9.3 million in Q1 2021. Gross profit increased 374% to $5.9 million. Despite a net operating loss of $4.3 million (up from $3.7 million last year), the company improved its loss ratio to 7% from 41%. Cash flow from operations jumped to $12 million from $0.5 million, reflecting a 2,269% increase. The firm also announced the acquisition of Expetitle, Inc. and expanded operations into several new markets.

The Real Brokerage Inc. (NASDAQ: REAX) announced the receipt of a preliminary short form shelf prospectus from Canadian securities regulators and filed a corresponding Registration Statement with the SEC. This allows the company to distribute up to US$200 million worth of common shares, warrants, units, debt securities, and subscription receipts over a 25-month period. The specific terms of any future offerings will be outlined in a prospectus supplement. The announcement is part of the company's strategy to enhance financial opportunities.

The Real Brokerage Inc. (NASDAQ: REAX) will release its first quarter 2022 financial results on May 9, 2022, before market trading opens. A conference call will follow at 11:00 AM EST on the same day to discuss the operating and financial results. Interested participants can dial into the call using the North American toll-free number 888-506-0062 or the international number 973-528-0011. The Company operates in 44 U.S. states and Canada, focusing on enhancing financial opportunities for its agents.

The Real Brokerage Inc. (NASDAQ: REAX) has rebranded its subsidiary Expetitle, Inc. to The Real Title, enhancing its technology-driven home buying experience. This change follows Real's acquisition of Expetitle in January 2022. The Real Title aims to streamline the title and escrow process, reducing errors and saving time by integrating existing tools into Real's app. CEO Sean Daly highlighted the swift integration, while Chairman Tamir Poleg emphasized the brand strengthening through this move. Real operates across 44 U.S. states and Canada, focusing on creating financial opportunities for its agents.

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.