Real Increases Its Presence in Chicago and Surrounding States With the Addition of Qamar Group

Rhea-AI Summary

Real Brokerage Inc. (NASDAQ: REAX) expands its presence in Chicago and surrounding states by partnering with Qamar Group, a top-ranked team with 36 agents, having sold over 1,500 homes worth $500 million since 2019. Qamar Group's commitment to 24/7 client service and multilingual support aligns with Real's mission to empower agents. The partnership aims to grow Real's footprint in Chicago and the Midwest.

Top-ranked team brings 36 agents and its 24/7 approach to Real

TORONTO & NEW YORK--(BUSINESS WIRE)-- The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded brokerage, today announced that Qamar Group has joined the company. Led by CEO Rafay Qamar and COO Jana Pierce, the team brings 36 agents who serve Chicago and its suburbs, Michigan and Wisconsin.

Ranked among the top 1% of teams in Illinois, Qamar Group has sold more than 1,500 homes valued at $500 million since its founding in 2019. The team has received numerous awards, including the Chicago Association of Realtors’ highest honor, the Carly Award, for the past three years. It also has distinguished itself with a commitment to serve home buyers and sellers around the clock, which it refers to as a “eyes open to eyes shut,” approach to client service. Qamar Group also prides itself on its team’s diversity and ability to connect with local and international clients in 11 languages.

“We are thrilled to partner with Rafay, Jana and the rest of the Qamar Group,” Real President Sharran Srivatsaa said. “At Real, our mission is to support our agents so they can better support their clients and grow their businesses. Rafay, Jana and the rest of the Qamar Group align with that vision, which makes them the perfect team from which to grow Real’s presence in Chicago and throughout the Midwest.”

Rafay Qamar entered the real estate industry in 2014 with a goal of helping others achieve their homeownership dreams. Even after building a successful career in banking, he said witnessing his parents achieve their dream of homeownership after immigrating to the U.S. resonated with him and inspired him to support others.

Since then, Qamar has risen to the level of industry leader. During his decade as a top-producing agent and multi-franchise owner in the Chicago and North Shore markets Qamar has achieved a number of accolades, including Rookie of the Year. In 2023, he was elected to the North Shore Barrington Association of Realtors, where he serves as Strategic Advisor to the President and Chair of Membership and Member Benefits.

The team is co-led by Pierce, who in addition to being a producing agent, serves as the team’s COO and oversees operations and agent engagement. The team’s partners include Stephen Davis, Edward Henderson and Emma LaCosse, who each generate in excess of $10 million a year in home sales.

“Our team is so excited to be joining Real. No other brokerage offers the combination of compensation opportunities, tools and technology and culture that Real does,” Qamar said. “Our vision is to expand exponentially throughout the Midwest, and Real offers the platform that will allow us to achieve our goals.”

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 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 the success of Real’s programs that are available to agents and 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, the success of Real’s programs 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/20240419867748/en/

Investor inquiries, please contact:

Ravi Jani

Vice President, Investor Relations and Financial Planning & Analysis

investors@therealbrokerage.com

908.280.2515

For media inquiries, please contact:

Elisabeth Warrick

Senior Director, Marketing, Communications & Brand

elisabeth@therealbrokerage.com

201.564.4221

Source: The Real Brokerage Inc.

FAQ

Who has Real Brokerage Inc. (NASDAQ: REAX) partnered with to expand its presence in Chicago and surrounding states?

Real Brokerage Inc. (NASDAQ: REAX) has partnered with Qamar Group, a top-ranked team led by CEO Rafay Qamar and COO Jana Pierce, bringing 36 agents who serve Chicago, its suburbs, Michigan, and Wisconsin.

What distinguishes Qamar Group, the team that has joined Real Brokerage Inc. (NASDAQ: REAX)?

Qamar Group has sold more than 1,500 homes valued at $500 million since its founding in 2019, ranking among the top 1% of teams in Illinois. They have received awards like the Carly Award and are known for their 24/7 client service and multilingual support.

What are the key goals of the partnership between Real Brokerage Inc. (NASDAQ: REAX) and Qamar Group?

The partnership aims to grow Real's presence in Chicago and throughout the Midwest by leveraging Qamar Group's successful track record, commitment to client service, and diverse team.