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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.14 | 2.55% | 5.64 | 5.64 | 5.77 | 5.72 | 5.317 | 5.40 | 1,650,770 | 21:30:44 |
The fastest growing brokerage marks two significant milestones with daylong celebration that includes hundreds of its agents and bell ringing at Nasdaq
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:
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
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