REAL BROKERAGE INC - REAX STOCK NEWS

The Real Brokerage (NASDAQ: REAX) has reached significant milestones, marking its 10th anniversary and surpassing 20,000 agents. The company, which added approximately 1,000 agents per month during the first half of 2024, celebrated with a day-long event at Nasdaq, including an agent seminar and the ringing of the closing bell. Real also surpassed its goal of raising $20,000 for its agent assistance fund, One Real Impact, by more than 200% thanks to contributions from its agents.

Real's mission is to revolutionize the real estate industry through advanced technology and strong community support. It operates in all 50 U.S. states and four Canadian provinces, offering integrated brokerage, mortgage, and title services. Notably, Real was recognized as the top mover in 2023 by RealTrends in both transaction sides and volume.

Several prominent teams have joined Real, contributing to its growing agent count. These include Carolina Collective Realty, Jill & Co. Realty Group, Tafoya Real Estate, and several others, all achieving impressive sales figures in 2023.

The Real Brokerage (NASDAQ: REAX) released its May 2024 Agent Survey results, highlighting shifting market dynamics amid ongoing affordability challenges. The survey shows agents' optimism is decreasing but remains positive, with a weighted index reading of 59.0. This marks a drop from 63.6 in April, with a more significant decline in the US. The survey indicates a balanced market dynamic, with 33% of agents perceiving neither buyers nor sellers having an advantage.

North American home sale transactions are expected to decline year-over-year, with a weighted index reading of 45.7. US transactions fell to 44.8 from April's 50.2, while Canadian activity rebounded to 54.4. Affordability and mortgage rates are the biggest challenges, cited by 59% of agents.

Generative AI adoption is increasing among agents, with 50% using it for business activities, primarily for advertising and listing text copy. Over 80% of agents are either using or planning to learn AI. More than half of the agents (58%) expect home prices to rise over the next 12 months.

Real Brokerage (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, has launched the Real Partners program. This new initiative offers agents access to industry-leading tools and services from ten preferred vendors, aiming to enhance personal branding, client relationships, and business growth. The vendors include Assistantly, Curaytor, Dee Signs, DocuPost, Haven Financial, Lofty, Luxury Presence, Institute of Luxury Home Marketing, Revive, and Sierra Interactive. Agents benefit from discounts and vetted services, ensuring reputable and excellent client service.

The Real Brokerage, a publicly traded real estate brokerage under the NASDAQ ticker REAX, is set to join the Russell 3000® Index on July 1, 2024. This inclusion results from the annual reconstitution capturing the 4,000 largest US stocks, ranked by market capitalization as of April 30. Being part of the Russell 3000® Index means automatic inclusion in either the large-cap Russell 1000 or small-cap Russell 2000 Index, and relevant growth and value style indexes. Real's CEO, Tamir Poleg, highlighted that this milestone reflects the company's decade-long dedication and will enhance its visibility within the investment community. Russell indexes, used by investment managers and institutional investors, have about $10.5 trillion in assets benchmarked against them.

Real Brokerage (NASDAQ: REAX) has announced that its Chairman and CEO, Tamir Poleg, will present at the Sidoti Small Cap Virtual Conference on June 13, 2024, at 1:00 p.m. ET.

The presentation will be streamed live via webcast, with a one-year replay available.

The announcement highlights Real's rapid growth as a publicly traded real estate brokerage.

The Real Brokerage (NASDAQ: REAX), a rapidly growing real estate brokerage, announced significant expansion in North America with its agent count surpassing 19,000. The company's growth in 2024 is driven by the Private Label and ProTeams programs, attracting top-performing teams and agents. Notable additions include Inhabit Real Estate, TK Group & Club, Envision Real Estate, and several others, bringing substantial sales volumes. Key figures include $720 million in sales for Inhabit since 2020, $110 million for TK Group in 2023, and $80 million for Envision in 2023. These teams enhance Real’s footprint and contribute to its impressive performance.

The Real Brokerage (NASDAQ: REAX) announced the launch of Real Luxury, a division aimed at supporting luxury real estate agents and their exclusive clients. Real Luxury will focus on high-end real estate needs using proprietary technology and an entrepreneur-centric model. The division will offer specialized support, training, and resources to help agents expand their capabilities.

Leading the division is Kofi Nartey, a seasoned luxury real estate broker known for working with celebrities and athletes. Real Luxury members will access a global network of over 100,000 luxury agents, referral networks, training sessions, exclusive events, and discounts on services like advertising and market reports. Members must earn the Certified Luxury Home Marketing Specialist designation to join.

Founding members include notable agents like Jill Batchelor, Felicia Lewis, Peter Luu, Brad McCallum, Salvatore Ventre, and Erica Wolfe, who bring significant industry experience and expertise in luxury real estate.

The Real Brokerage announced its April 2024 Agent Survey results, highlighting a modest increase in agent optimism about future market conditions as the spring selling season begins. The U.S. Transaction Growth Index reached 50.2, indicating a slight year-over-year improvement in home sale transactions.

Key findings include a sequential improvement in the Agent Optimism Index to 63.6, with 45% of agents feeling more optimistic. The market remains a seller's market, and North American home sales are expected to be roughly flat year-over-year for April 2024. Canadian market growth has slowed, while U.S. transactions are forecasted to improve.

Real's favorable economic model, culture, and technology platform were primary reasons agents joined the brokerage. Additionally, spending on home search portals like Zillow Flex is expected to increase over the next year.

The Real Brokerage, trading under NASDAQ: REAX, announced its Board of Directors has renewed the normal course issuer bid (NCIB), starting on May 29, 2024, and ending May 28, 2025. This renewal allows Real to repurchase up to 9,472,708 common shares, roughly 5% of its total outstanding shares as of May 1, 2024. The NCIB is part of Real's strategy to acquire shares for the settlement of vested restricted share units (RSUs) under its various incentive plans. These plans benefit designated participants, including employees, officers, and consultants. A trustee will manage share acquisitions and holdings until they are transferred to participants or sold. Purchases will occur at market price through NASDAQ and other trading systems, potentially including automated purchase plans during blackout periods.