Real Pushes Past the 20,000-Agent Mark as it Celebrates the Company’s 10th Anniversary

Rhea-AI Summary

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 fastest growing brokerage marks two significant milestones with daylong celebration that includes hundreds of its agents and bell ringing at Nasdaq

TORONTO & NEW YORK--(BUSINESS WIRE)-- The Real Brokerage Inc. (NASDAQ: REAX), the world’s fastest-growing, publicly traded real estate brokerage, today announced the company’s agent count now stands at more than 20,000. Real added approximately 1,000 agents per month during the first half of 2024 and surpassed this important milestone as it celebrated its 10th anniversary.

Real is marking both milestones by hosting a celebration at the Nasdaq exchange today that includes a mastermind agent education seminar, a celebratory ringing of the closing bell and a reception that includes more than 250 agents and employees. In its journey toward reaching 20,000 agents, Real issued a challenge in May for its agents to contribute $20,000 to One Real Impact, the company’s agent assistance fund. The company pledged to match these contributions, and agents exceeded this goal by more than 200%.

“I can’t tell you what an amazing feeling it is to reach this milestone. Thank you to our agents and Real employees who come to work each day committed to creating a different type of real estate experience. It wouldn’t be possible without you,” Tamir Poleg, Real Founder, Chairman and CEO, said. “From the very beginning our North Star has been to make agents’ lives better, and that hasn’t changed. Our growth demonstrates that we’ve filled a void in our industry, and it makes me even more determined to pursue our mission of changing the real estate experience for our agents and the clients they serve.”

Committed to revolutionizing the real estate transaction by empowering agents with advanced technology and unparalleled support, Real has a presence in all 50 states in the U.S. and four Canadian provinces and offers an integrated platform of brokerage, mortgage and title services. Real is the only brokerage with a proprietary tech platform utilized by every agent, allowing the company to scale quickly without adding significant costs. RealTrends named Real the top mover of 2023 by both transaction sides and volume, and Real was the only publicly traded brokerage to report growth in agent count, transaction count and revenue throughout 2023 and in the first quarter of 2024.

“At Real, we believe that ‘we’ are bigger than ‘me’. So reaching the 20,000-agent mark is more than just a number. It means we now have a bigger, stronger community of like-minded agents that we can all tap into,” said Sharran Srivatsaa, President of Real. “As we continue to grow, we’ll continue to focus on what differentiates Real – an entrepreneurial spirit that supports our agents, celebrates differences and comes together as OneReal.”

The following are some of the teams joining Real across North America pushing the company over the 20,000-agent mark:

• Carolina Collective Realty, led by Mahala Landin. Founded in 2009, the 29-agent team serves North Carolina’s Research Triangle. The team closed sales totaling nearly $120 million in 2023.
• Jill & Co. Realty Group, led by the mother-daughter team of Jill and Hannah O'Shaughnessy. A family-owned and women-led business, Jill & Co. Realty Group is the first independent brokerage to join Real in New Hampshire. The 37-agent team serves Southern New Hampshire and the Greater Boston area. A 20-year industry veteran, Jill O'Shaughnessy has established a reputation for coaching agents to succeed. Since its founding in 2018, the team has sold 2,000 homes totaling $815 million in sales, including $110 million in 2023.
• Tafoya Real Estate, led by Scott Tafoya. The 40-agent team serves California's San Joaquin Valley, including Fresno, Clovis and Madera. Specializing in residential and agricultural properties, the team closed sales totaling $98 million in 2023.
• The Ethridge Team, led by Erin Ethridge. Founded in 2017, the 33-agent team serves the Phoenix Metro with a focus on the East Valley. The team ranked in the top 1% of Realtors in Phoenix by RealTrends and closed sales totaling $97 million in 2023.
• Think Real Estate Group, led by Dave Robles. The 16-agent team serves the northeast Los Angeles area from Hollywood to Pasadena. With home sales totaling $73 million in 2023, the team ranked No. 76 in the state of California by RealTrends based on sales volume.
• Jenkins Real Estate Group, led by Brandon Jenkins. The nine-agent team serves Mechanicsville, Va., and closed sales totaling $53 million in 2023.
• Good Day Home Team (Formerly SC Real Estate Mamas), led by Raquel Marchant, Kimberly Thurman and Tami Sims. The eight-agent team serves Southern California and Middle Tennessee. Ranked among the top 1% of teams serving Santa Clarita Valley, Calif., Good Day Home Team closed sales totaling $50 million in 2023.
• ALANTE Real Estate, led by Susana Murphy. The nine-agent team specializes in luxury home sales throughout Massachusetts’ South Shore and Cape Cod communities. Founded in 2013, the independent brokerage is a recipient of the Luxury Institute's “Best Luxury Property Marketing Campaign” award. It closed home sales totaling $42 million in 2023, and joined under Real’s Private Label program.
• Make It Home, led by Shaun Simpson. Founded in 2018, the seven-agent team serves Central Ohio, including Columbus. A prominent local real estate figure, Simpson serves on the board of directors of the Columbus REALTORS and Ohio REALTORS associations. Since 2020, the team has closed home sales valued at more than $110 million, including $40 million in 2023.
• Robinett Group, led by Jake Robinett. The eight-agent team serves Washington’s Snohomish County and surrounding areas. The team, which specializes in land and new construction, closed sales totaling $180 million since 2018, including $40 million in 2023.
• Live Local Real Estate Group, led by Theresa Zech and Mike Zahn. The eight-agent team serves the Phoenix metropolitan area. It closed home sales totaling $37 million in 2023.
• Core Maryland, led by Lou Chirgott. The 15-agent team serves Central Maryland, including Baltimore. The team has closed home sales totaling $37 million in 2023.
• The Couv Group, led by Stephen Couvillion. The four-agent team serves the Greater Baton Rouge, La., metropolitan area. Ranked in the top 1% of all Realtors in Louisiana, the team closed sales totaling $30 million in 2023.
• The Shawn Martin Group, led by Shawn Martin. The four-agent team serves Central Maryland. Since its founding in 2020, the team has grown to become the No. 30 small team in the state based on production with home sales totaling $30 million in 2023.
• Blue Chip Presales Team, led by Akaash Bali. Founded in 2023, the five-agent team primarily serves British Columbia’s Fraser Valley, including Surrey and Langley. The team closed sales totaling $28 million in 2023; its sales in the first half of 2024 have exceeded $22 million.
• Real Estate Done Right, led by Melissa Tetreault. The two-agent team serves the Coeur d’Alene, Idaho and Spokane, Wash. markets. Ranking No. 29 in Idaho and No. 20 in the state of Washington, the team closed sales totaling $25 million in 2023.

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 20,000 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 agent count.

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, Real’s ability to attract new agents and retain current agents and those risk factors discussed under the heading “Risk Factors'' in the Company’s Annual Information Form dated March 14, 2024, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. 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/20240709025240/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

What milestone did Real Brokerage (NASDAQ: REAX) achieve in 2024?

Real Brokerage surpassed the 20,000-agent mark and celebrated its 10th anniversary in 2024.

How many agents did Real Brokerage add per month in 2024?

Real Brokerage added approximately 1,000 agents per month during the first half of 2024.

What event did Real Brokerage hold at Nasdaq?

Real Brokerage held a day-long celebration at Nasdaq, including an agent seminar and the ringing of the closing bell.

What was the goal of Real Brokerage's One Real Impact fund?

The goal of the One Real Impact fund was to raise $20,000, which was exceeded by more than 200%.

In which regions does Real Brokerage operate?

Real Brokerage operates in all 50 U.S. states and four Canadian provinces.

What recognition did Real Brokerage receive from RealTrends?

Real Brokerage was named the top mover of 2023 by RealTrends for both transaction sides and volume.

Which notable teams joined Real Brokerage recently?

Notable teams that joined include Carolina Collective Realty, Jill & Co. Realty Group, and Tafoya Real Estate.

What are some recent sales figures for teams that joined Real Brokerage?

Teams like Carolina Collective Realty and Jill & Co. Realty Group achieved sales figures such as $120 million and $110 million in 2023, respectively.