Welcome to our dedicated page for Real Brokerage news (Ticker: REAX), a resource for investors and traders seeking the latest updates and insights on Real Brokerage stock.
The Real Brokerage Inc. (NASDAQ: REAX) is a real estate experience company and technology-powered brokerage whose news flow reflects both its real estate operations and its focus on software and AI. Company announcements highlight how Real combines brokerage, mortgage and closing services with its proprietary reZEN platform and related tools such as Leo CoPilot and HeyLeo.
News about Real often covers the expansion of its agent network and geographic footprint across the United States and Canada. Recent releases describe independent brokerages and high-producing teams joining Real, including through its Private Label program, which allows firms to maintain their own brand while accessing Real’s compensation programs, revenue share, equity awards and virtual platform. These updates illustrate how Real grows its presence in markets such as Michigan, Southern California and Ontario.
Investors and industry followers can also expect regular coverage of Real’s technology initiatives. The company issues news on enhancements to its proprietary reZEN platform, the evolution of its agent-centric AI assistant Leo CoPilot, and the launch of HeyLeo, its AI-powered, voice-interactive home search concierge. Press releases describe how these tools are intended to support agents with real-time, contextual guidance and provide consumers with conversational property search experiences.
Additional news items include financial results furnished through press releases referenced in Form 6-K filings, participation in investor conferences, recognition in growth rankings and updates on embedded finance offerings such as Real Wallet and Real Wallet Rewards. For readers tracking REAX, this news page provides a centralized view of Real’s operational developments, technology rollouts, agent growth and capital markets communications over time.
The Real Brokerage (NASDAQ: REAX) announced that Amerivest Realty, led by Joe Ballarino, has joined their platform, bringing 400 agents across Florida, Colorado, Minnesota and Wisconsin. Amerivest has completed over 5,000 sales valued at nearly $2.5 billion, with approximately 1,000 sales worth $500 million in 2023 alone. Ballarino, who brings nearly 30 years of industry experience and took full ownership of Amerivest in 2016, has transformed it into a multi-state online brokerage focused on technology and agent empowerment.
The Real Brokerage (NASDAQ: REAX) announced winners of its first Agent Brand Awards at RISE 2024, recognizing exceptional marketing efforts across social media, websites, and signage. The awards showcase agents and teams who excel in building their personal brands while strengthening Real's brokerage presence. Winners were honored in multiple categories, including Best New to Real Video, Best Listing Video (Luxury), Best Special Moment Video, Signage, and Website awards. Chief Marketing Officer Dre Madden highlighted the unique passion and creativity of Real's thousands of agents across the U.S. and Canada in promoting the brand.
Real Brokerage's September 2024 Agent Survey shows increasing optimism in the real estate market despite challenges. The Agent Optimism Index rose to 67.0 from 59.3 in August, with 64% of agents feeling more optimistic about the next 12 months. 74% of agents reported election uncertainty is causing clients to delay housing decisions.
Key findings reveal that affordability remains the top challenge at 48%, followed by inventory at 22%. For meaningful market growth in 2025, 46% of agents believe mortgage rates need to drop to 5.0-5.5%. The survey also shows a shift in market dynamics, with 38% reporting a seller's market (down from 41%), 40% a balanced market, and 23% a buyer's market (up from 20%).
The Real Brokerage (NASDAQ: REAX) has opened its shareholder Q&A platform ahead of its Q3 2024 financial results conference call scheduled for November 7, 2024, at 8:30 a.m. ET. Shareholders can submit and upvote questions through the Say portal until November 6, 2024, at 8:00 a.m. ET. The company will provide an audio webcast of the call through its Investor Relations website, with a replay available for one year.
Real Brokerage Inc. (NASDAQ: REAX) has launched Real Wallet, a financial platform designed to provide real estate agents with enhanced financial flexibility and control. Unveiled at RISE 2024, Real's annual agent conference in Las Vegas, Real Wallet integrates earnings, revenue share, and equity into one seamless platform. The product aims to accelerate access to earnings by eliminating delays caused by legacy systems and offers real-time insights into agents' professional net worth.
Initially available to select agents in the U.S. and Canada, Real Wallet offers U.S. agents a business checking account with Thread Bank (Member FDIC) and a Real-branded debit card. Canadian agents will have access to a credit line based on their earnings history with Real. Future phases aim to unify these features into a comprehensive financial solution for all business banking needs.
Real Brokerage Inc. (NASDAQ: REAX) unveiled Leo CoPilot, an enhanced AI-powered virtual assistant for its 22,000 agents at RISE 2024. Leo CoPilot serves as a proactive agent command center, anticipating needs and providing personalized support. It integrates with Real's reZEN platform, automating marketing tasks, offering on-demand training, and streamlining document reviews.
Real also previewed Leo for Clients, set to launch in 2025, which will allow direct client-agent communication via SMS and iMessage. Since its 2023 launch, Leo has handled over 180,000 inquiries. The company aims to simplify real estate transactions and boost agent productivity through these AI-driven innovations.
The Real Brokerage Inc. (NASDAQ: REAX) is set to unveil groundbreaking AI-powered innovations at its sold-out RISE 2024 conference. The event will showcase enhancements to Leo, Real's AI-powered personal concierge, and introduce Real Wallet, a financial management platform for agents. The three-day conference features over 50 agent-led sessions, focusing on productivity, networking, and leveraging Real's growing network.
Key highlights include:
- Tactical sessions on expanding referral pipelines
- Workshops for Real Luxury and Real Military divisions
- Inaugural Agent Brand Awards
- Keynote speakers like Dandapani on personal and professional growth
- Engagement opportunities with sponsors
- A community service project
The conference aims to position Real as an industry-leading AI-powered real estate company, offering agents tools and strategies for success in a changing market landscape.
The Real Brokerage Inc. (NASDAQ: REAX) has announced that the Grant Johnson Group, a 55-agent team serving the St. Paul/Minneapolis area, has joined Real. This addition pushes Real past the 22,000-agent mark, representing an increase of more than 8,000 agents since the end of 2023. The Grant Johnson Group, formed in 2021, has completed over 1,000 home sales with a transaction value of approximately $370 million since its inception, including 300 sales valued at $110 million in 2023.
The team, which relies heavily on internet lead generation, is on track to sell 450 homes in 2024. Real's President, Sharran Srivatsaa, expressed enthusiasm about the partnership, highlighting the team's fast growth and strong culture. Grant Johnson, a 30-year real estate veteran, cited Real's collaborative approach and growth potential as key factors in joining the brokerage.
The Real Brokerage Inc. (NASDAQ: REAX), a technology platform transforming real estate for agents, buyers, and sellers, has announced its upcoming third quarter 2024 earnings conference call. The company will release its financial results for the quarter ended September 30, 2024, on Thursday, November 7, 2024, before the market opens. A conference call to discuss the operating and financial results is scheduled for 8:30 a.m. ET on the same day.
Investors can join the live call using the provided dial-in details. An audio-only webcast will be available on the company's Investor Relations website. The conference call details include:
- North American Toll-Free: 888-506-0062
- International: 973-528-0011
- Access Code: 345905
A replay of the call will be accessible for one year through the provided replay number and link.
Real Brokerage Inc. (NASDAQ: REAX) released its August 2024 Agent Survey, offering insights into the National Association of Realtors' (NAR) settlement impact on the residential home sales market. The survey, with nearly 300 agent responses across North America, indicates minimal market disruption and increasing agent optimism, driven by declining mortgage rates.
Key findings include:
- 89% of agents felt prepared for NAR rule changes
- 65% found it easy to secure buyer representation agreements
- 55% reported no significant change in market activity since rule changes
- 83% of buyers expect sellers to cover agent commissions
- 55% of sellers offer buy-side commissions of 2.5% or greater
The Agent Optimism Index reached its highest level since April at 59.3, with 47% of agents feeling more optimistic about their market's 12-month outlook. The survey also revealed a shift towards a seller's market and continued year-over-year decline in industry home sale transactions.
FAQ
What is the current stock price of Real Brokerage (REAX)?
What is the market cap of Real Brokerage (REAX)?
