Real Welcomes Leading Teams Across North America in July
06 August 2024 - 9:30PM
Business Wire
The Real Brokerage Inc. (NASDAQ: REAX), a technology platform
reshaping real estate for agents, home buyers and sellers, today
announced it continued to add top teams throughout North America in
July.
“This year is proving to be a significant one for Real. Just
last month, we surpassed the 20,000-agent milestone, and we’re
steadily adding top-producing teams and independent brokerages who
are positioning themselves in an evolving real estate market,” said
Sharran Srivatsaa, President of Real. “At Real, we blend a
proprietary technology platform with a distinct agent value
proposition and a culture of collaboration, designed for
entrepreneurs who want to be part of something bigger.”
The following are some of the teams joining Real during the
month of July:
- Legacy Group, led by Corilyn Tessier and Kara Chase. The
eight-agent boutique firm was founded in 2019 and serves New
Hampshire, Southern Maine and Northern Massachusetts. Since 2020,
the team has closed home sales of more than $293 million, including
nearly $83 million in 2023.
- L34 Group, led by Deirdre Salomone and Terry Saltzman. The
seven-agent team brings more than 40 years of collective experience
to the clients it serves in Northeast Los Angeles, Altadena and
Pasadena. Founded in 2009, the team closed sales totaling $80
million in 2023.
- NUEVA Real Estate, led by Jose Perez. Founded in 2020, the
50-agent team serves the Downey/Whittier markets in Southeast Los
Angeles County and has helped 600 families achieve their real
estate goals. Since its inception, it has closed home sales
totaling more than $330 million, including $80 million in
2023.
- RAZR Group, led by MJ Frazier. The team brings seven agents and
serves the D.C. metro, including Maryland and Virginia. The team
focuses on catering to the unique needs of luxury investors and
developers and joins as part of Real’s luxury division. In
addition, with several of its agents fluent in Vietnamese and
Spanish, the team is positioned to serve the diverse cultures who
are represented in the nation’s capital. RAZR Group has closed home
sales valued at more than $250 million, including $80 million in
2023.
- Addison Real Estate, led by Kellene Addison. A family-owned,
women-led independent brokerage, Addison brings a diverse team of
21 agents who provide the capability of serving clients in six
languages throughout Morris, Sussex and Warren counties in New
Jersey. The team has sold 795 homes valued at $282 million since
its founding in 2020, and closed sales totaling $70 million in
2023.
- Own It Northwest, led by Ross Seligman. Founded in 2005, the
team’s eight agents serve the Portland metro area, including
Beaverton, Hillsboro, Lake Oswego and Happy Valley. The team closed
sales totaling $50 million in 2023.
- Utah’s Finest, led by Paige Steckling. The three-agent team was
founded in 2022 and serves the state of Utah. The team closed sales
of $40 million in 2023.
- SL Home Group, led by Stephen Lonnen. The seven-agent team was
founded in 2020 and serves the greater Charlotte, N.C.,
metropolitan area, including Upstate South Carolina. The team
closed sales of $33 million in 2023.
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
20,000 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 agent count.
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, Real’s ability to attract new agents and retain
current agents and those risk factors discussed under the heading
“Risk Factors'' in the Company’s Annual Information Form dated
March 14, 2024, a copy of which is available under the Company’s
SEDAR+ profile at www.sedarplus.ca. 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/20240806244443/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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