Fast-Growing Sunny Narang Group Joins The Real Brokerage
November 21 2023 - 7:30AM
Business Wire
Southern California team brings 64 agents to
Real changes its name to The Rise Real Estate Group
The Real Brokerage Inc. (NASDAQ:REAX), the fastest-growing
publicly traded real estate brokerage, announced today that the
Sunny Narang Group has joined the company. The 64-agent team is on
track to close 300 transactions with a total value in excess of
$275 million in 2023.
Led by Sunny Narang and Chris Fordinal, the team serves Los
Angeles County’s San Fernando Valley. As part of its move to Real
and plans to expand beyond Los Angeles County, the team changed its
name to The Rise Real Estate Group.
“It’s remarkable how much of a force The Rise Real Estate Group
has become within just the past two years. What began as a
four-person team in 2021 has grown to 64 top-producing agents,”
said Real President Sharran Srivatsaa. “We attribute this
incredible growth to the culture of collaboration that Sunny and
Chris have built. It’s a culture that aligns with Real’s, and we
couldn’t be more pleased to welcome Sunny, Chris and the entire
team to the company.”
The team, which was founded in 2021, has grown by connecting
with agents via social media.
“Real is the real estate company of the future. It provides the
structure and financial incentives as well as the ability to
continue to grow and expand into new markets,” Narang said. “More
importantly, Real’s values of collaboration and teamwork align with
ours better than any other company in the industry.”
“The industry is headed toward cloud-based platforms like Real,”
Fordinal said. “Real provides a platform for large teams like ours
to continue to grow while also receiving revenue sharing and stock
awards to provide our team with additional earnings
opportunities.”
About Real
Real (NASDAQ: REAX) is a real estate experience company working
to make life’s most complex transaction simple. The fast-growing
company combines essential real estate, mortgage and closing
services with powerful technology to deliver a single seamless
end-to-end consumer experience, guided by trusted agents. With a
presence throughout the U.S. and Canada, Real supports more than
12,000 agents who use its digital brokerage platform and tight-knit
professional community to power their own forward-thinking
businesses.
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 of the date
hereof. Forward-looking information in this press release includes,
without limiting the foregoing, expectations regarding Real’s
ability to continue to attract agents.
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.
Important factors that could cause such differences include, but
are not limited to, slowdowns in real estate markets, economic and
industry downturns, and Real’s ability to attract new agents and
retain current agents. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231116478159/en/
Investor inquiries, please contact: Ravi Jani Vice President,
Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com 908.280.2515
For media inquiries, please contact: Elisabeth Warrick Senior
Director, Marketing, Communications & Brand
elisabeth@therealbrokerage.com 201.564.4221
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