REAL BROKERAGE INC - REAX STOCK NEWS

The Real Brokerage (TSXV: REAX, NASDAQ: REAX) will participate in a virtual fireside chat at the D.A. Davidson 20th Annual Software and Internet Conference on September 9, 2021, at 11:00 a.m. Eastern Time. Interested parties can listen via a webcast linked here. Management will also hold one-on-one meetings. Real operates in 32 U.S. states, the District of Columbia, and Canada, enhancing financial opportunities for agents through advanced technology and revenue sharing.

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has officially expanded its operations to Indiana, marking its presence in 32 U.S. states, the District of Columbia, and Canada. The company appointed Drew Dial as Principal Broker, who brings over seven years of experience in the real estate sector and a team of skilled agents. This strategic move is expected to strengthen Real's foothold in the growing Indiana market, supported by Dial’s previous roles in national brokerage and coaching networks. Real aims to provide superior commission structures and technology to enhance agent opportunities.

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has announced its expansion into Canada with the launch of operations in Alberta as 'Real Broker AB.' This marks its first foray into international markets, complementing its existing presence in 31 U.S. states and the District of Columbia. Co-founder Tamir Poleg highlighted the potential in the Canadian real estate market, emphasizing opportunities for growth. Key appointments include Dan Stante as provincial broker and Tyrel Laqua as branch manager, enhancing the company’s operational capabilities in Canada.

The Real Brokerage Inc. has appointed Eric Eckardt as its new Chief Consumer Officer, effective August 13, 2021. Eckardt brings over 25 years of experience in real estate, technology, and finance, previously holding leadership roles in various public and private companies. His focus will be on market expansion and enhancing service offerings for Real's customers. Additionally, the company announced a stock option grant of 250,000 options to an officer, with a three-year vesting period. This strategic appointment is aimed at driving growth and innovation within the organization.

The Real Brokerage achieved a remarkable 790% revenue growth in Q2 2021, reaching $23 million, up from $2.5 million in Q2 2020. The gross profit surged 764% to $2.4 million, while the net operating loss increased to $2.9 million from a loss of $1.2 million year-over-year. The number of agents grew 126% to 2,451, and revenue per agent rose 362% to $1.5 thousand. With a strong cash position of $37.9 million, the company anticipates continued growth fueled by its expanding agent base.

The Real Brokerage Inc. (TSXV: REAX, Nasdaq: REAX) will present at the D.A. Davidson Bison Select Conference on August 4, 2021, at 2 PM ET. The presentation will be accessible to investors via a link provided in the press release. Additionally, one-on-one meetings will be available throughout the day. The presentation replay will be accessible for 90 days. Real is a tech-powered real estate brokerage operating in 31 states and the District of Columbia, focused on enhancing financial opportunities for agents through commission splits and technology.

The Real Brokerage Inc. (REAX) announced the conversion of all preferred units held by Insight Partners into 17,286,848 common shares following its listing on Nasdaq on June 15, 2021. This forced exchange was part of a $20 million investment by Insight Partners in December 2020. Post-exchange, Insight Partners controls 34,573,696 common shares, representing approximately 17.73% of the total issued shares. The press release also includes an early warning disclosure regarding the ownership structure.

The Real Brokerage announced the release date for its Q2 2021 financial results on August 11, 2021, prior to market open, followed by a conference call at 11:00 a.m. EST. The company, operating in 31 states and the District of Columbia, also disclosed a grant of 9,000 restricted share units (RSUs) to certain officers, with vesting dates spanning from 2022 to 2024. This move aims to enhance financial alignment between Real and its management team as part of its commitment to growth.

The Real Brokerage Inc. (REAX), a tech-driven real estate brokerage, now operates in 31 states and Washington D.C. The company celebrated its listing on the Nasdaq Capital Market on June 15, 2021, and will ring the Nasdaq Closing Bell on July 20, 2021. Real's platform enhances the homebuying experience for agents, buyers, and sellers, and has seen a 100% increase in agent sign-ups year-over-year, reaching over 2,400 agents. CEO Tamir Poleg highlighted their rapid growth and positive outlook for the future.