Real Hits 15,000 Agents with Month of Record-Breaking Growth
February 14 2024 - 1:00PM
Business Wire
The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing,
publicly traded real estate brokerage, today announced that it has
surpassed 15,000 agents, a milestone which follows a
record-breaking wave of new agent growth in January.
“We launched Real with a vision to partner with agents to
simplify one of life’s most complicated transactions,” said Real
Chairman and CEO Tamir Poleg. “The programs we’ve developed and the
platform we built provide significant value to this community, and
what we offer is resonating with agents throughout the U.S. and
Canada. Our rapid growth is a testament to our vision of doing
what’s right for both agents and the clients they serve.”
In January more than 1,000 real estate professionals joined the
company, a marked increase from the previous year.
“The culture, model and platform of Real come together to create
a platform of possibilities for agents,” said Real President
Sharran Srivatsaa. “At Real, we are focused on creating
infrastructure that allows for unique business models and, by
combining it with a true ‘work hard, be kind’ culture, we’ve laid
the groundwork for collaboration across networks and geographies
like this industry has never seen.”
Real welcomed several top producers last month from both
cloud-based and traditional brokerages that helped the company
surpass the 15,000-agent milestone:
- Flourish (formerly known as Umphress Group), led by Dave
Umphress out of Colorado, brought 25 agents to Real. Their
production last year was $121M.
- Premiere Group, led by David Keener across multiple
states, brought 280 agents to Real. Their production last year was
$100M+.
- The Watson Team, led by James Watson out of California,
brought 10 agents to Real. Their production last year was
$94M+.
- Klaus Team from Arizona, led by Kenny Klaus, brought 12
agents to Real. Their production last year was $89M.
- Matthew Kane and Brandon Cox brought Tidal Realty
Partners, which generated $73M+ in annual sales. The pair
brought 24 agents to Real.
- Quiet Waters Realty Group, led by Sean McDonnel from
North Carolina, brought 11 agents to Real. Their production last
year was $70M+.
- The Barrett Team, led by Faith Barrett from California,
brought 7 agents to Real. Their production last year was
$62M+.
- Collective Group, formerly known as Vivid Realty, is a
California team that recently joined the Real family with 8 agents
and $59M+ in production last year.
- Audra Heller & Associates, led by Audra Heller in
Kansas and Missouri, brought 7 agents to Real. Their production
last year was $28M.
- Bobbie Lane Real Estate Group, led by Bobbie Lane out of
Kansas, brought 7 agents to Real. Their production last year was
$20M.
- Real Elite Agency, led by Liz Sears in Utah, brought 4
agents and $20M in previous annual production to Real.
About Real
The Real Brokerage Inc. (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 in all 50 states throughout the U.S. and
Canada, Real supports more than 15,000 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/20240214032081/en/
Investor inquiries: Ravi Jani Vice President, Investor Relations
and Financial Planning & Analysis
investors@therealbrokerage.com 908.280.2515
For media inquiries: Elisabeth Warrick Senior Director,
Marketing, Communications & Brand press@therealbrokerage.com
201.564.4221
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