FOREWARN to Provide Identity Verification Services to Denver Metro Association of REALTORS® to Promote Agent Safety
Rhea-AI Summary
FOREWARN, a red violet company (NASDAQ: RDVT), has secured a contract with the Denver Metro Association of REALTORS® (DMAR) to provide identity verification services to its 7,000+ real estate professional members. As the largest local REALTOR® Association in Colorado, DMAR will offer FOREWARN's services at no additional cost to individual agents.
FOREWARN's platform, available online and via mobile app, analyzes billions of data points to help real estate agents verify identities, search criminal histories, and validate potential client information using just a phone number. This implementation aims to enhance agent safety and confidence during property showings.
Positive
- Contract secured with largest Colorado REALTOR® Association, adding 7,000+ new users
- Service provided at no cost to individual agents, potentially driving high adoption rates
- Expansion into key Denver metropolitan market
Negative
- None.
News Market Reaction
On the day this news was published, RDVT gained 3.24%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The largest local REALTOR® Association in the state of Colorado contracts to make FOREWARN services available for its 7,000+ real estate professional members to promote proactive agent safety
BOCA RATON, Fla. , Feb. 19, 2025 (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 Denver Metro Association of REALTORS® (“DMAR”) will offer FOREWARN® services to its 7,000+ members it serves throughout the Denver metropolitan 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 DMAR are available to the 7,000+ members at no additional cost to individual agents.
"Protecting our members and equipping them with the right resources is at the core of our mission," stated Brendan Bailey, CEO of Denver Metro Association of REALTORS®. "With the evolving challenges in safety and fraud prevention, providing FOREWARN was a natural step. This powerful solution offers real-time identity verification, giving our members the confidence and security they need to navigate their daily business with peace of mind."
Existing DMAR 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 and security areas for Denver Metro Association of REALTORS® members and whether FOREWARN will give Denver Metro Association of REALTORS® members the confidence and security they need to navigate their daily business with peace of mind. 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 DMAR partnership on RDVT's market reach?
How will FOREWARN's services be implemented for DMAR members?
What security features does FOREWARN provide to DMAR members?
When will the FOREWARN service become available to DMAR members?
