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The Real Brokerage Inc. - REAX STOCK NEWS

Welcome to our dedicated page for The Real Brokerage news (Ticker: REAX), a resource for investors and traders seeking the latest updates and insights on The Real Brokerage stock.

Real Brokerage Inc. (REAX) is a forward-thinking, technology-driven real estate brokerage firm. The company is dedicated to enhancing the real estate experience by leveraging advanced technologies that cater to both mobile and desktop users. Real Brokerage Inc. offers a unique, cloud-based platform that streamlines operations for its agents, allowing them to deliver a seamless, end-to-end experience to homebuyers and sellers. This platform integrates various tools that improve efficiency and empower real estate agents to better serve their clients.

With the majority of its revenue generated from the United States, Real Brokerage Inc. has established a significant presence in the American real estate market. The company's innovative approach includes the development and integration of cutting-edge technologies, which help reduce operational costs and increase productivity. Real Brokerage Inc. continuously invests in technological advancements to stay ahead in the competitive real estate industry.

Recent achievements include the expansion of their agent network, enhancements to their cloud-based platform, and strategic partnerships aimed at furthering their technological and operational capabilities. The company remains focused on providing top-notch services to its agents and clients, ensuring that both homebuying and selling processes are as smooth and efficient as possible.

In conclusion, Real Brokerage Inc. stands out in the real estate brokerage sector through its commitment to technological innovation and superior agent support. By continuously improving its platform and expanding its reach, the company aims to redefine the real estate experience for all stakeholders involved.

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The Real Brokerage Inc. (NASDAQ: REAX) has announced that The Kaim Team, a top-producing real estate team in Ohio, has joined the company. Led by siblings Michael Kaim and Tina Hivnor, the 25-agent team brings a lifetime sales record of $1.2 billion, significantly strengthening Real's presence in the state.

The Kaim Team, founded in 2002, serves nine counties in Northeast Ohio, including Cleveland, Akron, and Canton. They rank among the Top 10 teams in Ohio and have sold over 7,000 homes. This addition marks the largest team to represent Real in Ohio, bolstering the company's growth strategy and market position.

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Real Brokerage Inc. (NASDAQ: REAX) released its June 2024 Agent Survey, showing steady optimism among real estate agents despite affordability concerns. Key findings include:

1. Agent Optimism Index remained stable at 59.1 (0-100 scale).
2. 51% of agents view their markets as favoring sellers.
3. Total North American home sales expected to decline year-over-year in June.
4. Affordability/mortgage rates remain the biggest challenge for buyers (60%).
5. Agents provide diverse expertise, including negotiations (76%) and local market knowledge (75%).

The survey highlights agents' critical role as trusted advisors in real estate transactions, with most clients viewing 6-10 homes before purchase and closing within 0-6 months.

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The Real Brokerage Inc. (NASDAQ: REAX), a rapidly growing publicly traded real estate brokerage, has announced its upcoming second quarter 2024 earnings conference call. The company will release its financial results for the quarter ended June 30, 2024, on Wednesday, August 7, 2024, before the market opens. A conference call to discuss the operating and financial results will be held at 8:30 a.m. ET on the same day.

Investors can join the call using the provided dial-in details or access the audio-only webcast through the company's Investor Relations website. A replay of the call will be available for one year. The event promises insights into The Real Brokerage's performance and financial standing for Q2 2024.

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The Real Brokerage (NASDAQ: REAX) has reached significant milestones, marking its 10th anniversary and surpassing 20,000 agents. The company, which added approximately 1,000 agents per month during the first half of 2024, celebrated with a day-long event at Nasdaq, including an agent seminar and the ringing of the closing bell. Real also surpassed its goal of raising $20,000 for its agent assistance fund, One Real Impact, by more than 200% thanks to contributions from its agents.

Real's mission is to revolutionize the real estate industry through advanced technology and strong community support. It operates in all 50 U.S. states and four Canadian provinces, offering integrated brokerage, mortgage, and title services. Notably, Real was recognized as the top mover in 2023 by RealTrends in both transaction sides and volume.

Several prominent teams have joined Real, contributing to its growing agent count. These include Carolina Collective Realty, Jill & Co. Realty Group, Tafoya Real Estate, and several others, all achieving impressive sales figures in 2023.

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The Real Brokerage (NASDAQ: REAX) released its May 2024 Agent Survey results, highlighting shifting market dynamics amid ongoing affordability challenges. The survey shows agents' optimism is decreasing but remains positive, with a weighted index reading of 59.0. This marks a drop from 63.6 in April, with a more significant decline in the US. The survey indicates a balanced market dynamic, with 33% of agents perceiving neither buyers nor sellers having an advantage.

North American home sale transactions are expected to decline year-over-year, with a weighted index reading of 45.7. US transactions fell to 44.8 from April's 50.2, while Canadian activity rebounded to 54.4. Affordability and mortgage rates are the biggest challenges, cited by 59% of agents.

Generative AI adoption is increasing among agents, with 50% using it for business activities, primarily for advertising and listing text copy. Over 80% of agents are either using or planning to learn AI. More than half of the agents (58%) expect home prices to rise over the next 12 months.

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Real Brokerage (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, has launched the Real Partners program. This new initiative offers agents access to industry-leading tools and services from ten preferred vendors, aiming to enhance personal branding, client relationships, and business growth. The vendors include Assistantly, Curaytor, Dee Signs, DocuPost, Haven Financial, Lofty, Luxury Presence, Institute of Luxury Home Marketing, Revive, and Sierra Interactive. Agents benefit from discounts and vetted services, ensuring reputable and excellent client service.

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The Real Brokerage, a publicly traded real estate brokerage under the NASDAQ ticker REAX, is set to join the Russell 3000® Index on July 1, 2024. This inclusion results from the annual reconstitution capturing the 4,000 largest US stocks, ranked by market capitalization as of April 30. Being part of the Russell 3000® Index means automatic inclusion in either the large-cap Russell 1000 or small-cap Russell 2000 Index, and relevant growth and value style indexes. Real's CEO, Tamir Poleg, highlighted that this milestone reflects the company's decade-long dedication and will enhance its visibility within the investment community. Russell indexes, used by investment managers and institutional investors, have about $10.5 trillion in assets benchmarked against them.

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Real Brokerage (NASDAQ: REAX) has announced that its Chairman and CEO, Tamir Poleg, will present at the Sidoti Small Cap Virtual Conference on June 13, 2024, at 1:00 p.m. ET.

The presentation will be streamed live via webcast, with a one-year replay available.

The announcement highlights Real's rapid growth as a publicly traded real estate brokerage.

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The Real Brokerage (NASDAQ: REAX), a rapidly growing real estate brokerage, announced significant expansion in North America with its agent count surpassing 19,000. The company's growth in 2024 is driven by the Private Label and ProTeams programs, attracting top-performing teams and agents. Notable additions include Inhabit Real Estate, TK Group & Club, Envision Real Estate, and several others, bringing substantial sales volumes. Key figures include $720 million in sales for Inhabit since 2020, $110 million for TK Group in 2023, and $80 million for Envision in 2023. These teams enhance Real’s footprint and contribute to its impressive performance.

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The Real Brokerage (NASDAQ: REAX) announced the launch of Real Luxury, a division aimed at supporting luxury real estate agents and their exclusive clients. Real Luxury will focus on high-end real estate needs using proprietary technology and an entrepreneur-centric model. The division will offer specialized support, training, and resources to help agents expand their capabilities.

Leading the division is Kofi Nartey, a seasoned luxury real estate broker known for working with celebrities and athletes. Real Luxury members will access a global network of over 100,000 luxury agents, referral networks, training sessions, exclusive events, and discounts on services like advertising and market reports. Members must earn the Certified Luxury Home Marketing Specialist designation to join.

Founding members include notable agents like Jill Batchelor, Felicia Lewis, Peter Luu, Brad McCallum, Salvatore Ventre, and Erica Wolfe, who bring significant industry experience and expertise in luxury real estate.

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FAQ

What does Real Brokerage Inc. do?

Real Brokerage Inc. is a technology-driven real estate brokerage firm that provides a cloud-based platform to enhance the real estate experience for agents, homebuyers, and sellers.

Where does Real Brokerage Inc. generate most of its revenue?

Real Brokerage Inc. generates the majority of its revenue from the United States.

What makes Real Brokerage Inc. unique?

Real Brokerage Inc. stands out due to its use of advanced, integrated technologies that improve efficiencies and empower real estate agents.

How does Real Brokerage Inc. support its real estate agents?

The company provides a comprehensive, cloud-based platform that includes various tools to help agents operate more efficiently and deliver better services to their clients.

What recent achievements has Real Brokerage Inc. made?

Recent achievements include expanding their agent network, enhancing their platform, and forming strategic partnerships to boost technological capabilities.

How does Real Brokerage Inc. enhance the homebuying and selling experience?

By leveraging technology, the company ensures a seamless end-to-end experience for homebuyers and sellers, making the process smoother and more efficient.

What is the primary focus of Real Brokerage Inc.?

Real Brokerage Inc. focuses on using technology to streamline real estate operations and support agents, aiming to redefine the real estate experience.

What technologies does Real Brokerage Inc. use?

The company utilizes a cloud-based platform with integrated mobile and desktop-focused technologies to assist its operations and support agents.

What kind of support does Real Brokerage Inc. offer to its clients?

Real Brokerage Inc. offers a seamless end-to-end real estate experience through its technology-driven platform, ensuring efficient and effective services for homebuyers and sellers.

How does Real Brokerage Inc. plan to stay competitive in the real estate market?

The company continuously invests in technological advancements and strategic partnerships to improve its platform and expand its reach.

The Real Brokerage Inc.

Nasdaq:REAX

REAX Rankings

REAX Stock Data

1.08B
189.30M
23.76%
34.54%
0.34%
Real Estate Services
Real Estate
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United States of America
Miami