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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Real Brokerage Inc | NASDAQ:REAX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.08 | 1.38% | 5.86 | 5.85 | 5.86 | 5.96 | 5.71 | 5.80 | 411,841 | 18:02:07 |
Survey Also Highlights Agents’ Critical Role as Trusted Advisor in Real Estate Transactions
The Real Brokerage Inc. (NASDAQ: REAX, “Real”), the fastest-growing, publicly traded real estate brokerage, today released results from its June 2024 Agent Survey. The survey indicates agents remain optimistic about the outlook for their markets over the next 12 months, despite a moderate year-over-year decline in June transaction volumes.
“June’s survey showed that our agents are optimistic about the future, despite the prevailing interest rate environment. We are hopeful that potential lower rates in the near future could help ease the affordability challenges many buyers face,” said Tamir Poleg, Chairman and CEO of Real. “At Real, we are equipping our agents with cutting-edge technology and innovative tools to ensure they can offer personalized, strategic insights that truly make a difference in the home buying and selling journey.”
“More than just market experts, our agents are trusted advisors who understand the pulse of local communities and the intricacies of the market,” remarked Sharran Srivatsaa, President of Real. “This month’s survey reaffirms the diverse expertise agents bring to their clients to successfully navigate today's competitive real estate landscape.”
Key Findings:
An infographic including key survey takeaways can be found on Real’s investor relations website or by following the link here.
About the Survey The Real Brokerage June 2024 Agent Survey included responses from approximately 200 real estate agents across the United States and Canada and was launched in the last week of June 2024. Responses to questions regarding transaction growth and agent optimism were calibrated on a 0-100 point index scale, with readings above 50 indicating an improving trend, whereas readings below 50 indicate a declining trend. Responses are meant to capture industry-level information and are not meant to serve as an indication of Real’s company-specific growth trends. Additionally, given the smaller sample size, there can be greater variability in Canada index results on a month-to-month basis.
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 over 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 the residential real estate market in the U.S. and Canada.
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 and economic and industry downturns. 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/20240722561688/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 press@therealbrokerage.com 201.564.4221
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