REAL BROKERAGE INC - REAX STOCK NEWS

Real Brokerage Inc. (NASDAQ: REAX) released its July 2024 Agent Survey, revealing a slight decline in agent optimism. The Agent Optimism Index dropped to 57.2 from 59.1 in June, with a 2.7 point decrease in the U.S. and a 5.6 point rise in Canada. The survey also showed a shift in market dynamics, with only 33% of agents identifying a seller's market, down from 51% in June.

The Total North American Industry Transactions index fell to 40.1 from 47.4, indicating a more pronounced decline in industry transactions. Affordability and mortgage rates remain the top challenge for prospective buyers, cited by 56% of agents. The survey also highlighted that life changes drive two-thirds of home sales, with downsizing (35%) and upsizing (32%) being the most common reasons.

In terms of technology, CRM software (29%) and transaction management platforms (24%) were identified as the most valuable tools for agents. Real Brokerage Inc. emphasized its focus on providing technology and resources to help agents adapt to changing market conditions and new industry regulations.

The Real Brokerage Inc. (NASDAQ:REAX), a tech platform revolutionizing real estate, announced its participation in the Investor Summit Summer 2024 Virtual Conference. Tamir Poleg, Chairman and CEO, will present on Tuesday, August 20, 2024, at 2:30 p.m. ET.

Investors can request one-on-one meetings with management through the event's registration page. The presentation will be broadcast live and available for replay for one year on the company's investor relations website and via a dedicated webcast link.

This event provides an opportunity for Real to showcase its innovative approach to reshaping the real estate industry for agents, home buyers, and sellers to a broader investor audience.

Real Brokerage Inc. (NASDAQ: REAX) is making its Real Buyer Playbook available to all real estate agents, regardless of brokerage affiliation, to help navigate the practice changes resulting from the NAR settlement effective August 17. The playbook includes a comprehensive website with videos, tools, and resources to assist agents in complying with new rules while preparing for success.

Real is also offering public events led by Drew Thompson, head of Real Academy, including workshops on objection handling, daily interactive training sessions, and a 10-city U.S. tour providing live training. These initiatives aim to educate and support agents across the industry during this transition period.

The Real Brokerage Inc. (NASDAQ: REAX), a technology platform revolutionizing real estate for agents, buyers, and sellers, has announced its participation in the Oppenheimer 27th Annual Technology, Internet & Communications Conference. Tamir Poleg, the company's Chairman and CEO, will present on Monday, August 12, 2024, at 3:45 p.m. ET.

The presentation will be broadcast live and accessible via a webcast link. A replay will be available for one year on both the conference website and Real's investor relations page. This event provides an opportunity for Real to showcase its innovative approach to real estate technology and engage with industry professionals and investors.

The Real Brokerage (NASDAQ: REAX) reported strong Q2 2024 results, ending June 30. Revenue increased by 84% YoY to $340.8M, and gross profit rose 79% to $31.9M. The company reported a net loss of $1.2M, a significant improvement from the $4.1M net loss in Q2 2023. Adjusted EBITDA surged to $14.0M from $2.6M in the previous year. Notable operational highlights include a 73% increase in closed transactions, a total of 30,367, and a 70% growth in agents, reaching 19,540. Real launched the Real Luxury division and Real Partners program to attract more agents and enhance client service. Looking ahead, Real aims to sustain growth and profitability. As of June 30, Real held $33.6M in cash and cash equivalents and reported no debt.

The Real Brokerage Inc. (NASDAQ: REAX) announced the addition of several top-performing real estate teams across North America in July 2023. This expansion follows the company's recent milestone of surpassing 20,000 agents. Notable teams joining Real include:

- Legacy Group: 8 agents, $293 million in sales since 2020
- L34 Group: 7 agents, $80 million in sales in 2023
- NUEVA Real Estate: 50 agents, $330 million in sales since 2020
- RAZR Group: 7 agents, $250 million in total sales
- Addison Real Estate: 21 agents, $282 million in sales since 2020
- Own It Northwest: 8 agents, $50 million in sales in 2023
- Utah's Finest: 3 agents, $40 million in sales in 2023
- SL Home Group: 7 agents, $33 million in sales in 2023

These teams bring diverse expertise and market coverage to Real's technology-driven platform.

Real Brokerage Inc. (NASDAQ: REAX) has opened its shareholder Q&A platform ahead of its second quarter 2024 financial results conference call. The call is scheduled for August 7, 2024, at 8:30 a.m. ET. Shareholders can submit and upvote questions for management through the Say portal until August 6, 2024, at 8:00 a.m. ET. The Q&A platform aims to enhance shareholder engagement and transparency.

An audio-only webcast of the call will be accessible from the company's Investor Relations website, with a replay available for one year. This initiative demonstrates Real's commitment to open communication with its investors as it continues to reshape the real estate industry through its technology platform.

The Real Brokerage Inc. (NASDAQ: REAX) has announced that The Kaim Team, a top-producing real estate team in Ohio, has joined the company. Led by siblings Michael Kaim and Tina Hivnor, the 25-agent team brings a lifetime sales record of $1.2 billion, significantly strengthening Real's presence in the state.

The Kaim Team, founded in 2002, serves nine counties in Northeast Ohio, including Cleveland, Akron, and Canton. They rank among the Top 10 teams in Ohio and have sold over 7,000 homes. This addition marks the largest team to represent Real in Ohio, bolstering the company's growth strategy and market position.

Real Brokerage Inc. (NASDAQ: REAX) released its June 2024 Agent Survey, showing steady optimism among real estate agents despite affordability concerns. Key findings include:

1. Agent Optimism Index remained stable at 59.1 (0-100 scale).
2. 51% of agents view their markets as favoring sellers.
3. Total North American home sales expected to decline year-over-year in June.
4. Affordability/mortgage rates remain the biggest challenge for buyers (60%).
5. Agents provide diverse expertise, including negotiations (76%) and local market knowledge (75%).

The survey highlights agents' critical role as trusted advisors in real estate transactions, with most clients viewing 6-10 homes before purchase and closing within 0-6 months.