TORONTO and NEW YORK, Feb. 8, 2022 /CNW/ -- The Real Brokerage
Inc. ("Real" or the "Company") (TSXV: REAX) (NASDAQ:
REAX), an international, technology-powered real estate brokerage,
today announced it has surpassed the milestone of 4,000 real estate
agents who have joined Real in its international network.
Real surpassed 3,000 agents in October
2021 and since then, the Company has launched its Instant
Payment service for agents, acquired Expetitle, Inc. and broadened
its brokerage operations to 40 U.S. states and the District of Columbia, with an addition
of four states including Michigan, Idaho, Kentucky and Wyoming.
The Company has also expanded its international dimension by
commencing operations in Ontario,
Canada, including the addition of Scott Benson as Canada's Growth Leader and the luxury real
estate-focused Invidiata Team. Real added large teams, including
the Red Rock Real Estate Group in Utah, the largest team to join Real to date,
and added Katharine Mobley as Chief
Marketing Officer and Raj Naik as Chief Operating Officer as two
key new members to its senior leadership team.
The Company is focused on building a new model of an
international real estate brokerage that breaks away from franchise
fees and brick-and-mortar offices and provides agents with an
attractive commission structure, innovative technology tools and
additional financial opportunities.
"Our business is focused on the real estate agents that make
everything at Real possible," said Tamir
Poleg, CEO and co-founder of Real. "We are seeing rapid
changes when it comes to the home-buying and selling process. I see
how our agents help their clients through the different challenges
and successes that come with buying and selling a home and it
brings me joy to see more agents agree with our model."
"While we may be growing in size, we have maintained our
relentless focus on culture and providing transparency to the
marketplace," Poleg added. "Our long term focus is to revolutionize
the home buying process and improve the lives of the agents that
make it happen."
About Real
Real (www.joinreal.com) is a technology-powered real estate
brokerage operating in 40 U.S. states, the District of Columbia, and Ontario and Alberta,
Canada. Real is building the future, together with more than
4,000 agents and their clients. Real creates financial
opportunities for agents through better commission splits,
best-in-class technology, revenue sharing and equity
incentives.
Contact Information
For additional information, please contact:
The Real Brokerage Inc.
Caroline Glennon
thunder11@therealbrokerage.com
1+201-564-4221
Investors, for more information, please contact:
Hayden IR
James Carbonara
james@haydenir.com
646-755-7412
Forward-Looking Information
This press release contains forward-looking information
within the meaning of applicable Canadian securities laws.
Forward-looking information is often, but not always, identified by
the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "expect", "likely" and "intend" and statements that an
event or result "may", "will", "should", "could" or "might" occur
or be achieved and other similar expressions. These statements
reflect management's current beliefs and are based on information
currently available to management as at the date hereof.
Forward-looking information in this press release includes, without
limiting the foregoing, the business and strategic plans of
Real.
Forward-looking information is based on assumptions that may
prove to be incorrect, including but not limited to Real's business
objectives, expected growth, results of operations, performance,
business projects and opportunities and financial results. Real
considers these assumptions to be reasonable in the circumstances.
However, forward-looking information is subject to known and
unknown risks, uncertainties and other factors that could cause
actual results, performance or achievements to differ materially
from those expressed or implied in the forward-looking information.
These factors should be carefully considered and readers should not
place undue reliance on the forward-looking statements. Although
the forward-looking statements contained in this press release are
based upon what management believes to be reasonable assumptions,
Real cannot assure readers that actual results will be consistent
with these forward-looking statements. These forward-looking
statements are made as of the date of this press release, and Real
assumes no obligation to update or revise them to reflect new
events or circumstances, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release, and the NASDAQ has neither approved nor disapproved
the contents of this press release.
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SOURCE The Real Brokerage Inc.