FOREWARN to Provide Identity Verification Services to Buffalo Niagara Association of REALTORS® to Promote Agent Safety
Rhea-AI Summary
FOREWARN (NASDAQ: RDVT) will provide identity verification services to the Buffalo Niagara Association of REALTORS® for its 3,600+ members across Western New York. The service is available online and via mobile app and lets agents verify identity, search criminal histories, and validate client data using a phone number. BNAR members receive access at no additional cost, with activation instructions sent to existing members.
Positive
- 3,600+ members of BNAR reached via partnership
- Member benefit at no cost to individual agents, encouraging adoption
- Mobile and online access enables real-time identity checks in seconds
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
Several application software peers were down, including DOMO (-5.69%), RBBN (-5.38%), RSKD (-2.61%), and VTEX (-2.38%). With RDVT down 1.44% pre-news and only one momentum peer flagged, moves appeared more stock-specific than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 04 | Earnings results | Positive | +1.7% | Reported record Q4 and FY2025 revenue with margin expansion and cash growth. |
| Mar 04 | Product deployment | Positive | +2.8% | FOREWARN rollout to Greater Tulsa Association of REALTORS® for 5,000+ members. |
| Feb 19 | Product deployment | Positive | +0.0% | FOREWARN access extended to 4,600+ Memphis Area Association of REALTORS® members. |
| Feb 18 | Earnings schedule | Neutral | -0.2% | Announced date and webcast details for Q4 and FY2025 earnings release. |
| Feb 13 | Product deployment | Positive | +2.6% | FOREWARN services offered to 8,000+ West Penn Multi-List real estate professionals. |
Recent FOREWARN partnership announcements have generally coincided with modest positive next-day moves, while strong earnings also saw a positive reaction.
Over the last few months, RDVT combined solid fundamentals with steady FOREWARN expansion. On Mar 4, record Q4/FY25 results and $90.3M revenue produced a modestly positive reaction. Multiple news items in February and early March detailed FOREWARN deployments to REALTOR® groups in Tulsa, Memphis, and Western Pennsylvania, each covering 4,600+ to 8,000+ members and generally aligning with small gains. The current BNAR agreement continues this pattern of incremental distribution growth.
Regulatory & Risk Context
The company has an effective Form S-3 shelf filed on 2025-11-19, allowing up to $150,000,000 of mixed securities, with at least one usage via a 424B5 prospectus on 2025-11-26. This provides flexibility to raise capital for general corporate purposes.
Market Pulse Summary
This announcement extends FOREWARN identity-verification services to the Buffalo Niagara Association of REALTORS®, covering 3,600+ members at no additional cost to individual agents. It continues a series of REALTOR® partnerships that expanded coverage in Tulsa, Memphis, and Western Pennsylvania. Investors may watch for further adoption metrics alongside the company’s broader financial trajectory and potential future use of its $150,000,000 shelf registration for growth initiatives.
AI-generated analysis. Not financial advice.
The largest local REALTOR® Association in Western New York contracts to make FOREWARN services available for its 3,600+ real estate professional members to promote proactive agent safety
BOCA RATON, Fla., March 23, 2026 (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 Buffalo Niagara Association of REALTORS® (BNAR) will offer FOREWARN® services to its 3,600+ members throughout the Western New York area 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 BNAR are available to its members at no additional cost to individual agents.
“We want to ensure our members have the tools they need to succeed while staying protected in an ever-changing environment,” stated John Leonardi, CEO of Buffalo Niagara Association of REALTORS®. “Providing FOREWARN reflects that desire. With real-time identity insights available in seconds, our members are better equipped to evaluate potential risks, safeguard their business, and move forward with each interaction more securely and confidently.”
Existing BNAR members will receive specific instructions on how to activate 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 cloud-native, AI-enabled identity intelligence 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, enhance safety, and mitigate fraud and the related financial losses 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 and security areas for Buffalo Niagara Association of REALTORS® members and whether FOREWARN will give Buffalo Niagara Association of REALTORS® members the ability to be better equipped to evaluate potential risks, safeguard their business, and move forward with each interaction more securely and confidently. 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 does FOREWARN (RDVT) provide to Buffalo Niagara Association of REALTORS® members?
How many BNAR members will have access to FOREWARN through RDVT and when?
Will BNAR members pay extra for FOREWARN services provided by RDVT?
What features does FOREWARN offer agents to improve safety in showings?
How can non-BNAR agents learn about FOREWARN services from RDVT?
Will FOREWARN be available on mobile devices for BNAR members via RDVT?
