FOREWARN to Provide Identity Verification Services to Little Rock REALTORS® Association to Promote Agent Safety
Rhea-AI Summary
FOREWARN, a red violet company (NASDAQ: RDVT), has partnered with the Little Rock REALTORS® Association (LRRA) to provide identity verification services to its 1,400+ real estate professional members. FOREWARN's platform will be offered at no additional cost to individual agents, analyzing billions of data points to verify identities, search criminal histories, and validate potential client information using just phone numbers.
The implementation aims to enhance agent safety in the Little Rock metropolitan area, allowing professionals to plan showings with greater confidence. The partnership holds particular significance as the community remembers Beverly Carter, whose tragic loss emphasizes the importance of agent safety measures. The platform provides real-time information solutions through both online and mobile applications, enabling agents to conduct business with improved security protocols.
Positive
- Strategic partnership with Arkansas' 2nd largest REALTOR® Association expands market presence
- Addition of 1,400+ new users strengthens customer base
- Zero-cost offering to members increases likelihood of widespread adoption
Negative
- Revenue impact not disclosed
- Specific contract terms and duration not revealed
Insights
This deal with the Little Rock REALTORS® Association represents a positive business development for red violet's FOREWARN service, securing 1,400+ new users through an association-level contract. While financial terms aren't disclosed, this type of B2B arrangement—where the association pays rather than individual agents—typically offers better unit economics and more stable revenue than direct-to-agent sales.
The strategic value extends beyond immediate revenue. By partnering with Arkansas' second-largest REALTOR® association, RDVT strengthens FOREWARN's market position in the real estate safety technology segment. The endorsement from Carl Carter, whose mother's tragic story is well-known in real estate circles, adds significant credibility that may accelerate adoption with other associations.
This contract follows RDVT's pattern of targeting professional organizations rather than individual users, which typically results in lower customer acquisition costs and higher retention rates. The absence of revenue projections or contract length prevents precise financial impact assessment, but the business development itself reflects continued execution of RDVT's go-to-market strategy.
This partnership reveals FOREWARN's effective land-and-expand strategy in the real estate safety market. Securing the Little Rock REALTORS® Association—the second-largest in Arkansas with 1,400+ members—demonstrates continued market penetration through high-leverage association relationships rather than resource-intensive direct sales to individual agents.
The endorsement from Carl Carter creates powerful emotional resonance and credibility. His personal connection to agent safety (following his mother Beverly Carter's tragedy) transforms this from a typical vendor announcement into a meaningful safety initiative. This third-party validation from a recognized safety advocate significantly enhances FOREWARN's positioning for future association deals.
The partnership structure—where the association absorbs costs rather than individual agents—removes adoption barriers and should drive high utilization rates among members. This deployment model scales efficiently and creates defensibility through institutional integration. While impossible to quantify the exact revenue impact without financial disclosures, this contract represents both immediate business growth and a referenceable customer that strengthens FOREWARN's value proposition to other REALTOR® associations nationwide.
The 2nd largest local REALTOR® Association in the state of Arkansas contracts to make FOREWARN services available for its 1,400+ real estate professional members to promote proactive agent safety
BOCA RATON, Fla., April 04, 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 Little Rock REALTORS® Association (“LRRA”) will offer FOREWARN® services to its 1,400+ members it serves throughout the Little Rock 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 LRRA are available to the 1,400+ members at no additional cost to individual agents.
“It’s exciting that my home Association has made this investment into the safety of our members,” stated Carl Carter, a Little Rock REALTORS® Association member. “As a community still shaken by the tragic loss of my mom, Beverly Carter, providing access to FOREWARN further empowers agents to conduct their business in the safest way possible. I’ve been a FOREWARN user for several years now and have seen firsthand its transformative impact on how agents conduct their business and reinforcing the importance of consistent, informed workflows. As I’ve traveled the country speaking on agent safety, I’ve heard many stories from agents expressing gratitude for FOREWARN providing information they believe helped keep them safe. I’m so thankful the Little Rock REALTOR Association has brought this amazing resource to our agent family.”
Stacy Hamilton, CEO of Little Rock REALTORS® Association, added "Our top priority is ensuring the safety and success of our members by providing them with the most effective tools available. With the ever-present risks in the industry, providing FOREWARN was a clear choice. Having instant access to advanced identity verification empowers our members to make informed decisions, enhancing both their security and confidence in every interaction."
Existing LRRA 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 Little Rock REALTORS® Association members and whether FOREWARN will give Little Rock REALTORS® Association members to make informed decisions, enhancing both their security and confidence in every interaction. 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
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