Real Brokerage Stock Price, News & Analysis

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has appointed Alexandra Lumpkin as its first General Counsel, enhancing its leadership team. Reporting to CEO Tamir Poleg, Lumpkin will oversee legal and compliance matters. With nearly a decade of experience at Lennar, Lumpkin possesses significant industry expertise, particularly in residential real estate, corporate governance, and securities law. Her previous roles include Associate General Counsel and Deputy General Counsel at Lennar. Real Brokerage aims to leverage her experience to further its growth and technological integration in real estate.

The Real Brokerage (TSX: REAX) reported substantial growth in its Q4 and full-year 2022 financial results, with revenue surging 214% year-over-year to $381.8 million and gross profit increasing by 188% to $32 million. Despite the positive growth, the company posted a net loss of $20.6 million for the year, up from a $11.7 million loss in 2021. The agent base grew by 113% year-over-year, exceeding 8,200 agents by year-end. Changes to the agent fee structure are anticipated to generate over $5 million in net profit in 2023. The company aims to achieve adjusted EBITDA profitability in the latter half of the year, driven by strategic operational changes.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) announced the addition of Great Life RE, LLC, led by Lainey Jones and Eleanor Cippel, to its team, enhancing their presence in eastern Tennessee. Great Life RE previously operated under eXp Realty and had a sales volume of $100 million in 2022. This strategic move aligns with Real's growth objectives and highlights its commitment to a collaborative culture. With over 9,000 agents across 45 states and Canada, Real continues to revolutionize the residential real estate industry by combining technology with agent support.

The Real Brokerage Inc. (TSX: REAX), a rapidly growing real estate brokerage, has announced the addition of The Jason Martin Group, a top-performing team from @Properties, enhancing their operations in the D.C. metro area. The team, consisting of 20 agents, closed over $137 million in transactions in 2022. Jason Martin, a seasoned real estate professional, emphasized the innovative approach of Real Brokerage in empowering agents and fostering a collaborative culture. This strategic move aims to bolster Real’s market presence and growth in a competitive landscape.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) will announce its fourth quarter and full year 2022 financial results on March 16, 2023, before market open. A conference call will follow at 11:00 AM EST to discuss these results. Investors can contact 888-506-0062 (North America) or 973-528-0011 (International) to join the call. Access code is 937975. Forward-looking information is provided, cautioning that actual results may differ due to various risks and uncertainties. The company, founded in 2014, operates a digital brokerage platform with over 9,000 agents across the U.S. and Canada.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX), a leading real estate brokerage, has announced that its CEO, Tamir Poleg, will present at the Singular Emerging Growth & Value Alpha Leaders Webinar on February 23, 2023, at 9:15 AM PT (12:15 PM ET). This presentation will provide insights into the company’s innovative approach in the real estate sector, utilizing advanced technology to enhance the home buying experience. The event will be accessible via a live webcast at this link. The Real Brokerage serves over 9,000 agents across 45 states and three Canadian provinces.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has announced that The Barron Team, led by Emma Barron Lefkowitz and Brian Tague, has joined the brokerage from Compass, Inc. This addition increases the agent count to over 9,000. The Barron Team, which was ranked No. 1 in San Diego County for four consecutive years, closed over 150 transactions worth more than $200 million in 2022. Since joining, they have signed seven new listings and moved eight transactions to escrow. The leadership believes this will drive growth opportunities for the company, which focuses on enhancing technology and resources for agents.

The Real Brokerage Inc. (TSX: REAX, NASDAQ: REAX) has launched a transformative Co-Sponsored Revenue Share program, effective February 1, 2023, across the U.S. and Canada. This first-of-its-kind initiative allows agents to partner in sponsoring new recruits, enabling shared revenue from commission splits. The program aims to foster collaboration among agents and enhance recruitment, reflecting positive feedback from existing agents. Real's rapid expansion was highlighted, noting a doubling of agent count in 2022. The initiative emphasizes the company's commitment to building a culture of teamwork and economic incentives.

The Real Brokerage Inc. (NASDAQ: REAX) will present at the virtual Q1 2023 Investor Summit on January 26, 2023, at 9:00 a.m. EST. The presentation will be led by Tamir Poleg, Chairman and CEO, and will be broadcast live. Interested parties can access the live webcast at this link. Founded in 2014, Real is transforming the residential real estate market with a technology-driven platform for agents, currently serving 45 states, D.C., and three Canadian provinces with over 8,000 agents.