FOREWARN Partners with Bluegrass REALTORS®
Rhea-AI Summary
FOREWARN, a red violet company (NASDAQ: RDVT), has partnered with Bluegrass REALTORS®, Kentucky's second-largest local REALTOR® Association, to provide its risk mitigation services to over 4,000 real estate professionals. The service will be offered at no additional cost to individual agents throughout Central and Southern Kentucky.
FOREWARN's platform analyzes billions of data points to help agents verify client identities, search criminal histories, and validate information using just a phone number. This partnership aims to enhance agent safety and combat fraud through streamlined identity verification, allowing agents to plan showings with greater confidence.
Positive
- Secured contract with Kentucky's 2nd largest REALTOR® Association, adding 4,000+ new users
- Service provided at no cost to individual agents, potentially driving higher adoption rates
- Expansion into new geographic market (Central and Southern Kentucky)
Negative
- None.
Insights
The partnership with Bluegrass REALTORS® represents a strategic expansion for FOREWARN in Kentucky's real estate market, securing 4,000+ new users through the state's second-largest REALTOR® association. This deal strengthens FOREWARN's market penetration in the real estate safety solutions sector and provides a recurring revenue stream. The inclusion of FOREWARN as a complimentary member benefit enhances the service's adoption potential and could serve as a model for similar partnerships with other REALTOR® associations. While the financial terms aren't disclosed, such B2B partnerships typically offer more stable revenue compared to individual subscriptions.
The 2nd largest local REALTOR® Association in the state of Kentucky contracts to make FOREWARN services available for its 4,000+ real estate professional members to promote proactive agent safety
BOCA RATON, Fla., Dec. 13, 2024 (GLOBE NEWSWIRE) -- FOREWARN, LLC, a red violet company (NASDAQ: RDVT) and the leading provider of real-time information solutions for real estate agents, today announced that Bluegrass REALTORS® will offer FOREWARN® services to its 4,000+ members it serves throughout Central and Southern Kentucky and the surrounding areas to promote proactive real estate agent safety.
Available both online and through a mobile application, FOREWARN analyzes billions of data points and provides users with the ability to mitigate risks by verifying identity, searching for criminal histories, and validating information provided by potential clients -- using just a phone number. FOREWARN allows agents to properly and safely plan for showings with a higher level of confidence.
The FOREWARN services offered by Bluegrass REALTORS® are available to the 4,000+ members at no additional cost to individual agents.
"Ensuring the safety of our members and combating fraud are core concerns of our association," stated Richard Gibbens, CEO of Bluegrass REALTORS®. "Providing our members with streamlined identity verification via FOREWARN helps us address these critical areas while delivering exceptional value. We are delighted to empower our members with this essential tool."
Existing Bluegrass REALTORS® members will receive specific instructions on how to move forward with activating their FOREWARN subscription as an included benefit.
All other real estate agencies, agents, and appraisers can learn more about FOREWARN at www.forewarn.com.
About FOREWARN®
At FOREWARN, we bring instant knowledge through innovative solutions to ensure safer engagements and smarter interactions. Leveraging powerful analytics and a massive data repository, our solutions enable organizations to gain real-time knowledge, for purposes such as verifying identity, searching for criminal histories, and validating information. Risk assessment and due diligence at your fingertips™.
RELATED LINKS: www.forewarn.com
About red violet®
At red violet, we build proprietary technologies and apply analytical capabilities to deliver identity intelligence. Our technology powers critical solutions, which empower organizations to operate with confidence. Our solutions enable the real-time identification and location of people, businesses, assets and their interrelationships. These solutions are used for purposes including identity verification, risk mitigation, due diligence, fraud detection and prevention, regulatory compliance, and customer acquisition. Our intelligent platform, CORE™, is purpose-built for the enterprise, yet flexible enough for organizations of all sizes, bringing clarity to massive datasets by transforming data into intelligence. Our solutions are used today to enable frictionless commerce, to ensure safety, and to reduce fraud and the concomitant expense borne by society. For more information, please visit www.redviolet.com.
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements,” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “plans,” “projects,” “will,” “may,” “anticipate,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Such forward looking statements are subject to risks and uncertainties that are often difficult to predict, are beyond our control and which may cause results to differ materially from expectations, including whether FOREWARN will address critical safety areas for Bluegrass REALTORS® members. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in red violet’s SEC Filings. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Contact:
Camilo Ramirez
Red Violet, Inc.
561-757-4500
ir@redviolet.com
FAQ
What is the impact of RDVT's partnership with Bluegrass REALTORS® on its market reach?
How will Bluegrass REALTORS® members access FOREWARN's services under the new partnership?
What security features does FOREWARN provide to Bluegrass REALTORS® members?
How many new users will RDVT gain through the Bluegrass REALTORS® partnership?
