Real Brokerage Stock Price, News & Analysis

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has acquired Expetitle, Inc. for US$8.232 million, enhancing its technology-driven real estate services. The acquisition aims to streamline the title and eEscrow processes, improving efficiency for agents and clients. US$7.432 million is payable at closing, with US$800,000 held in escrow. Expetitle’s technology allows for a simplified closing experience, aligning with Real's mission to leverage technology in real estate. The transaction includes granting 700,000 incentive stock options and 1.1 million RSUs to Expetitle's team.

Real Brokerage Inc. (REAX) will present at the 24th Annual Needham Virtual Growth Conference on January 14, 2022, at 9:15 a.m.. A webcast will be available for those interested in attending. This conference provides a platform for Real to showcase its technology-powered real estate services, which operate across 40 U.S. states, D.C., and Canada. The company aims to enhance financial opportunities for over 3,700 agents through superior commission structures and innovative technology.

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) announced its expansion into Wyoming, marking its operations in 40 U.S. states and Canada. James 'JP' Fluellen has been appointed Principal Broker to lead the new market. Fluellen brings extensive experience from eXp Realty and Coldwell Banker. Furthermore, the Company acquired Scott Benson Real Estate Inc. and rebranded it as Real Broker Ontario Ltd. This move is part of Real's strategy to enhance its presence in the Western U.S. and leverage technology in real estate.

The Real Brokerage Inc. (TSXV: REAX, NASDAQ: REAX) has expanded its operations to Kentucky, now serving 39 states, the District of Columbia, and Canada. Chris Fox, a licensed realtor in Kentucky, Indiana, and Florida, has been appointed as Principal Broker to lead this initiative. Edward Hazners has also been appointed as managing broker for northern Kentucky, bringing over 30 years of experience. The company aims to enhance agents' businesses through advanced technology, better commission splits, and revenue-sharing models.

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.