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The Real Brokerage Inc. (TSXV: REAX, OTCQX: REAXF) has launched its operations in Oregon, appointing Erin Primrose as the principal broker. Primrose, a second-generation real estate agent with 20 years of experience, has a strong track record, with 80% of her business stemming from repeat clients. The company emphasizes a technology-driven approach to enhance the real estate experience for clients. Real operates across 28 U.S. states and aims to foster growth through better commission structures and innovative technology.
The Real Brokerage Inc. (TSXV: REAX, OTCQX: REAXF) has surpassed 2,000 agents in its network, reflecting a remarkable 90% growth since April 2020. The company has expanded its operations to 27 states and launched initiatives like an agent stock incentive plan. Real focuses on building a technology-driven brokerage that eliminates franchise fees and offers competitive commission structures. CEO Tamir Poleg emphasized the importance of supporting agents in navigating complex real estate transactions.
The Real Brokerage Inc. (REAXF), a tech-driven real estate company, has applied for a listing on the Nasdaq Capital Market. This application follows the filing of a Form 40-F Registration Statement with the SEC, but approval is contingent upon meeting Nasdaq's regulatory requirements. The company will maintain its listing on the TSX Venture Exchange and the OTCQX under the trading symbol REAXF during the process. Real operates in 27 U.S. states and aims to enhance financial opportunities for agents through competitive commission structures and technology.
The Real Brokerage Inc. (TSXV: REAX, OTCQX: REAXF) announced the results of its annual shareholder meeting held on April 20, 2021. Shareholders elected six members to the board of directors, including Vikki Bartholomae, who brings extensive experience from her roles at Side and eXp Realty. The meeting also approved the appointment of Brightman Almagor Zohar & Co as auditors and fixed the number of directors at six. Real, operating in 27 U.S. states and the District of Columbia, aims to enhance agents' lives through improved commission splits and cutting-edge technology.
The Real Brokerage Inc. (TSXV: REAX, OTCQX: REAXF) announced preliminary Q1 2021 financial results with a revenue of $9.3 million, up 217% from $2.9 million in Q1 2020. The number of agents increased 82% to 1,895, while the value of closed transactions grew 234% to $374 million. CEO Tamir Poleg attributed the growth to better commission splits and innovative technology attracting agents. Full financial statements will be released on May 11, 2021.
The Real Brokerage Inc. (Real) has announced the grant of 6,371 restricted share units (RSUs) to senior officers as part of its RSU Plan, approved by shareholders on August 20, 2020. These RSUs will vest over three years, reinforcing Real's commitment to enhancing its leadership compensation and aligning interests with shareholders. Operating in 27 U.S. states and the District of Columbia, Real aims to improve agents' financial opportunities through competitive commission splits, advanced technology, revenue sharing, and equity incentives.
The Real Brokerage Inc. (TSXV: REAX, OTCQX: REAXF) announced its expansion into Hawaii on March 23, 2021, targeting key markets in Maui, Oahu, and Kauai. Starr Kealaluhi, a seasoned broker with over 800 transactions, will serve as the State Managing Broker while Rene Sands will lead growth efforts on Maui. The company emphasizes the competitive nature of Hawaii's real estate market due to tightening inventory, which enhances its appeal to agents through financial opportunities like revenue sharing and equity incentives. Real operates in 27 U.S. states and the District of Columbia.
The Real Brokerage Inc. reported significant financial growth with Q4 2020 revenue reaching $7.1 million, reflecting a 78% year-over-year increase. Annual revenue for 2020 climbed to $16.6 million, a 5% rise from $15.8 million in 2019. The brokerage expanded its agent count to 1,475, up from 997 the previous year, and closed a $20 million equity investment in December 2020. As of December 31, 2020, the company held $21 million in cash. The CEO highlighted the strong growth potential driven by new agents and advanced technology offerings.
The Real Brokerage Inc. (TSXV: REAX, OTCQX: REAXF) announced its expansion into Kansas with the appointment of Traci Ratzlaff as State Broker. With over 20 years of real estate experience, Ratzlaff is expected to drive growth in the Midwest. Real now operates in 26 states and the District of Columbia, focusing on providing financial opportunities and a supportive culture for real estate agents. Ratzlaff's previous annual sales range from $5 to $8 million, highlighting her potential contribution to Real's mission.
The Real Brokerage Inc. (TSXV: REAX, OTCQX: REAXF) announced its expansion into Wisconsin, incorporating Inventure Realty Group and other top agents in the Madison and Milwaukee areas. Inventure Realty, a 90-agent group, sold 960 homes worth $283 million in 2020. The partnership aims to enhance agent support through advanced technology and revenue opportunities. Kenneth Kaiser will lead Wisconsin's growth, while Kathleen Olson is appointed as the Designated Managing Broker. Real aims to provide a robust platform for agents to thrive in a changing real estate landscape.
