Real Begins May With More Than 17,000 Agents Following Another Strong Growth Month

Rhea-AI Summary

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.

Positive

• Real Brokerage Inc. (NASDAQ: REAX) continues to attract top-producing teams, showcasing their strong growth and appeal to agents across North America.
• The addition of over 17,000 agents signifies Real's rapid expansion and success in empowering entrepreneurs with advanced technology and a supportive community.

Negative

• None.

Top teams from coast to coast make the move to Real for the flexibility of its technology platform and strong culture

TORONTO & NEW YORK--(BUSINESS WIRE)-- The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, today announced that it continues to attract top producing teams. In April, the company added top producers and their teams from throughout the U.S., bringing the entrepreneur-centric brokerage that empowers agents with technology to more than 17,000 agents across North America.

“April was another strong growth month for Real. We welcomed an amazing group of agents and teams who believe Real provides the platform for them to take their businesses to the next level,” said Real President Sharran Srivatsaa. “Our ability to continuously attract top teams reflects Real’s platform of possibilities centered on an unparalleled community, advanced technology and the framework and flexibility to thrive in an uncertain and ever-changing market.”

Below are some of the top-producing teams joining Real in April:

• Simply Texas, founded by Kim Dean and her husband, Derek. Simply Texas’ 70 agents serve the Dallas metropolitan area. Simply Texas has distinguished itself by combining the benefits of both worlds – the support and feel of a local boutique company with the power and reach of a technology-based, virtual brokerage. Since its founding in 2019, the team generated home sales in excess of $500 million, including $110 million in 2023.
• Edie Waters Network, led by Elizabeth Curry. The Kansas City, Mo., relationship-based network comprises 32 agents who serve Missouri, Kansas, Arkansas, Colorado, Kentucky and Hawaii. The team brings 2023 home sales of more than $107 million.
• The MoJo Team Luxury Real Estate Services led by Morgan Hodges and Josh Hintzen. Founded in 2014, MoJo serves the luxury markets of Scottsdale and Paradise Valley, Ariz. With nearly 30 agents, the team has total home sales of more than $376 million since 2020, including $82.4 million in 2023. MoJo ranked No. 13 in RealTrends’ Arizona rankings and as a Top 25 Team by the Phoenix Business Journal.
• Aimee & Co., led by Aimee Freeman. Ranked among the Top 10 teams serving the Wilmington, N.C. market, the 13-agent team sold 220 homes in 2023 valued at $79 million.
• Hillshire Realty Group, led by David Caldwell. The eight-agent team serves the Portland, Ore., metropolitan market. Hillshire closed 101 home sales valued at nearly $60 million in 2023.
• Wagner Real Estate Group, led by Maynard Wagner. With six agents, the team serves the Seattle-Bellevue-Puget Sound area. Consistently ranked among RealTrends top 1.5% medium-sized teams in the nation, Wagner Real Estate Group has sold nearly 340 homes valued at $280 million since 2020, including $58 million in 2023.
• The Lemus Group, led by Diana Lemus and Rudy Argueta. The team brings eight agents and serves the greater Richmond, Va., area. The team has closed total sales valued at more than $150 million since its founding in 2018, including over $55 million in 2023 based on 224 sales.
• Persinger Real Estate Group, led by Cody Persinger. The team brings eight agents, who serve Virginia’s Shenandoah Valley. With a total of 161 transactions in 2022, Real Trends ranked Persinger Real Estate No. 7 in the state of Virginia for sides. It closed home sales valued at $50 million in 2023.
• Real Estate Reimagined Group, led by Jeremy Higgins. The group of 15 agents serve Davis, Calif., and the surrounding markets. A third-generation realtor, Higgins began his real estate career in 2005, following a successful career in law enforcement. Real Estate Reimagined closed sales totaling $50 million in 2023.
• The Modern Day Team, led by Joe Brikman. The team serves Miami and Greater South Florida markets, New Jersey, New York and Texas. It brings 13 agents and nearly $43 million in home sales in 2023.
• Minnesotan Team, led by Darin Bjerknes and Noelle Nielsen. The 11-agent team serves Minneapolis/St. Paul and the surrounding areas to the North Shore of Duluth, Minn. Bjerknes built his personal brand through the production of local market and listing videos, while Nielsen has grown a network of 600 agents who produce more than $1.7 billion annually. The team completed 110 home sales valued at $42 million in 2023.
• Dwell Home Team, led by Christina Fitzer. Based in Gig Harbor, Wash., the team serves the greater Seattle area. Founded in 2018, the four-agent team brings more than 50 years of combined real estate experience and a total sales volume of more than $246 million, including $42 million in 2023.
• Shel's Home Team, LLC, led by Shelly Taylor. Operating in four states, the team brings 20 agents who serve the Hampton Roads, Va., Greenville, N.C., Jacksonville, Fla., and Atlanta markets. The team generated total home sales of $40 million in 2023.
• The Cullather Group, led by Matt Cullather. The team serves the state of Virginia with a primary focus on the Richmond market. A top producer, who has built one of the fastest growing teams in the Richmond market, Cullather brings eight agents to Real. The team completed home sales valued at $40 million in 2023.
• Rich Kim Group, led by Rich Kim. The team’s four agents serve Northern New Jersey. Kim ranks among the Top 1.5% of Real Estate Agents in the Real Trends America’s Best Real Estate Professionals. He also received the New Jersey Realtors Circle of Excellence Sales Platinum Award and Asian Real Estate Association of America's "A-List" Award. The team sold 33 homes valued at $25 million in 2023.

With the introduction of its Private Label and ProTeams programs at the beginning of 2024, Real removed the barriers for teams and independent brokerages interested in aligning with the company. Through Private Label, Real’s white label program, independent brokerages are able to maintain their own brand. With ProTeams, which provides the flexibility to customize team members’ caps, splits and fees down to the individual team member level, teams are able to embrace the structure that works best for them while reaping the benefits associated with being a part of Real.

About Real

Real (NASDAQ: REAX) is a real estate experience company working to make life’s most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states throughout the U.S. and Canada, Real supports more than 17,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as of the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, expectations regarding Real’s ability to continue to attract agents.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. Important factors that could cause such differences include, but are not limited to, slowdowns in real estate markets, economic and industry downturns and Real’s ability to attract new agents and retain current agents. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240503751980/en/

Investor inquiries:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com

908.280.2515

For media inquiries:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

press@therealbrokerage.com

201.564.4221

Source: The Real Brokerage Inc.

FAQ

How many agents does Real Brokerage Inc. (NASDAQ: REAX) have in North America?

Real Brokerage Inc. (NASDAQ: REAX) has attracted over 17,000 agents in North America.

What are the top teams that joined Real Brokerage Inc. (NASDAQ: REAX) in April?

Some of the top teams that joined Real Brokerage Inc. (NASDAQ: REAX) in April include Simply Texas, Edie Waters Network, and MoJo Team Luxury Real Estate Services.

What technology platform does Real Brokerage Inc. (NASDAQ: REAX) provide to agents?

Real Brokerage Inc. (NASDAQ: REAX) empowers agents with advanced technology, making it a desirable platform for top-producing teams.

Who is the President of Real Brokerage Inc. (NASDAQ: REAX)?

The President of Real Brokerage Inc. (NASDAQ: REAX) is Sharran Srivatsaa, who leads the company's growth and attraction of top teams.

Where is Real Brokerage Inc. (NASDAQ: REAX) headquartered?

Real Brokerage Inc. (NASDAQ: REAX) is headquartered in Toronto and New York, with operations across North America.