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Real Brokerage Inc. (REAX) is a forward-thinking, technology-driven real estate brokerage firm. The company is dedicated to enhancing the real estate experience by leveraging advanced technologies that cater to both mobile and desktop users. Real Brokerage Inc. offers a unique, cloud-based platform that streamlines operations for its agents, allowing them to deliver a seamless, end-to-end experience to homebuyers and sellers. This platform integrates various tools that improve efficiency and empower real estate agents to better serve their clients.
With the majority of its revenue generated from the United States, Real Brokerage Inc. has established a significant presence in the American real estate market. The company's innovative approach includes the development and integration of cutting-edge technologies, which help reduce operational costs and increase productivity. Real Brokerage Inc. continuously invests in technological advancements to stay ahead in the competitive real estate industry.
Recent achievements include the expansion of their agent network, enhancements to their cloud-based platform, and strategic partnerships aimed at furthering their technological and operational capabilities. The company remains focused on providing top-notch services to its agents and clients, ensuring that both homebuying and selling processes are as smooth and efficient as possible.
In conclusion, Real Brokerage Inc. stands out in the real estate brokerage sector through its commitment to technological innovation and superior agent support. By continuously improving its platform and expanding its reach, the company aims to redefine the real estate experience for all stakeholders involved.
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.
The Real Brokerage Inc. (NASDAQ: REAX) announced that The Property Shop, Fort Worth’s largest independent brokerage, has joined Real under the Private Label program. Led by Season Ware, The Property Shop brings over 125 agents with annual home sales exceeding $250 million, enhancing Real’s agent base in Texas. The move aims to empower agents, maintain brand uniqueness, and leverage Real’s resources for growth and success.
The Real Brokerage Inc. (NASDAQ: REAX) announced that its Chairman and CEO will present at the 19th Annual Needham Technology, Media, & Consumer Conference on May 15, 2024. The presentation will be available via live webcast and replay.
The Real Brokerage Inc. (NASDAQ: REAX) announced its first-quarter 2024 financial results, showcasing impressive revenue growth, net agent additions, and a high transaction pipeline. Despite industry challenges, the company remains optimistic about continued growth and profitability. Operational and financial highlights include a significant increase in completed real estate transactions, agent count, revenue, and gross profit. However, the company reported a net loss due to higher operating expenses and litigation costs. Adjusted EBITDA improved and the company continues to invest strategically for long-term shareholder value.
Real Brokerage Inc. (NASDAQ: REAX) continues to grow, attracting over 17,000 agents in North America. In April, they added top-producing teams from various states, highlighting their advanced technology and strong community. The company is empowering agents to thrive in a changing market.
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