The Real Brokerage Inc. (NASDAQ:REAX) ("Real" or the "Company"), a technology platform reshaping real estate for agents, home buyers, and sellers, announced today financial results for the first quarter ended March 31, 2025.
"Real delivered outstanding results to start 2025, continuing our track record of differentiated growth," said Tamir Poleg, Real's Chairman and Chief Executive Officer. "Our focus on innovation remains central to our success. With Leo CoPilot, our AI-powered agent assistant, and continued momentum in Real Wallet, we believe we are building moats that increase the value of our platform to agents — helping them grow their businesses and attracting top talent to Real. We are committed to building a platform that generates sustainable, long-term growth and returns."
"At Real, our focus is simple - we want what's best for agents and their clients," said Sharran Srivatsaa, President of Real. "Markets shift and rules change, but our model was built to win in any environment — by helping our agents stay ahead, grow their businesses, and deliver for home buyers and sellers. As the market continues to recover, we will lead the industry with grace, transparency, and a spirit of collaboration over competition."
"Our first quarter results demonstrate the strength, scalability, and resilience of our platform," said Ravi Jani, Real's Chief Financial Officer. "Looking ahead, we remain focused on driving above-market growth and improving margins, with a disciplined approach to capital allocation. Our strategy is grounded in creating long-term value for our agents, partners, and shareholders."
Q1 2025 Operational Highlights1
- The total value of completed real estate transactions reached $13.5 billion in the first quarter of 2025, an increase of 80% from $7.5 billion in the first quarter of 2024.
- The total number of transactions closed was 33,617 in the first quarter of 2025, an increase of 77% from 19,032 in the first quarter of 2024.
- The total number of agents on the platform increased to 26,870 at the end of the first quarter of 2025, an increase of 61% from the first quarter of 2024. As of May 8, 2025, approximately 27,700 agents are now on the Real platform.
Q1 2025 Financial Highlights
- Revenue rose to $354.0 million in the first quarter of 2025, an increase of 76% from $200.7 million in the first quarter of 2024.
- Gross profit reached $33.9 million in the first quarter of 2025, an increase of 63% from $20.8 million in the first quarter of 2024.
- Net loss attributable to owners of the Company was $(5.0) million in the first quarter of 2025, compared to $(16.1) million in the first quarter of 2024.
- Adjusted EBITDA2 was $8.3 million in the first quarter of 2025. This compares to $3.6 million in the first quarter of 2024.
- Operating expenses, which include General & Administrative, Marketing, and Research and Development expenses, totaled $39.1 million in the first quarter of 2025, a 7% increase from $36.5 million in the first quarter of 2024.
- Revenue share expense, which is included in Marketing expenses, was $12.5 million in the first quarter of 2025, a 38% increase compared to $9.1 million in the first quarter of 2024.
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Adjusted operating expenses, which reflect operating expenses less revenue share expense, stock-based compensation, depreciation, expenses related to the settlement of antitrust litigation, and other unique or non-cash expenses, were $21.2 million in the first quarter of 2025, an increase of 56% from $13.6 million in the first quarter of 2024.
- Adjusted operating expense per transaction was $631 in the first quarter of 2025, a decline of 12% from $715 in the first quarter of 2024.
- Loss per share was $(0.02) in the first quarter of 2025, compared to a loss per share of $(0.09) in the first quarter of 2024.
- The Company repurchased 1.3 million common shares for $6.1 million in the first quarter of 2025, pursuant to its normal course issuer bid.
Business Highlights and Recent Updates
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Real Wallet Expansion. In the fourth quarter of 2024, Real launched the Real Wallet, a financial technology platform that centralizes an agent's access to certain Company-branded financial products.
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Real Wallet currently includes:
- Business checking accounts for select U.S. agents with Thread Bank, Member FDIC, including a Company-branded debit card.
- Credit lines for select Canadian agents, based on their earnings history with Real.
-
As of the end of April 2025:
- Approximately 3,200 Real agents are utilizing Real Wallet business checking accounts, with approximately 300 utilizing Real Wallet Tax Planning accounts.
- The average deposit balance held in all Real Wallet checking and tax planning accounts was approximately $8M.
-
Real Wallet currently includes:
Real Wallet represents a significant step in Real's strategy to integrate fintech solutions into its platform, providing agents with greater financial flexibility.
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Real India Update. In the first quarter of 2025, Real converted 136 contractors in India to full-time employees, including 71 dedicated to Research and Development, as part of a broader effort to scale core functions and enhance agent support.
- Following this investment in headcount, Real's agent-to-full-time brokerage employee ratio declined to 88:1, from 136:1 as of Q4 2024.
- This transition is not expected to have a material impact on Real's financials, as these employees were already fully dedicated to Real in a contractor capacity.
1All dollar references are in U.S. dollars. |
2There are references to "Adjusted EBITDA" and "Adjusted Operating Expense" in this press release, which are non-GAAP measures. See accompanying note under the heading "Non-GAAP Measures" for an explanation of the composition of these non-GAAP measures. |
The Company will discuss the first quarter results on a conference call and live webcast today at 8:00 a.m. ET.
Conference Call Details: |
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Date: |
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Thursday, May 8, 2025 |
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Time: |
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8:00 am ET |
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Dial-in Number: |
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North American Toll Free: 888-506-0062 International: 973-528-0011 |
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Access Code: |
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209366 |
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Webcast: |
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Replay Information: |
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Replay Number: |
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North American Toll Free: 877-481-4010 International: 919-882-2331 |
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Access Code: |
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52080 |
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Replay Link: |
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Non-GAAP Measures
This news release includes references to "Adjusted EBITDA", and "Adjusted Operating Expense", which are non-U.S. generally accepted accounting principles ("GAAP") financial measures. Non-GAAP measures are not recognized measures under GAAP, do not have a standardized meaning prescribed by GAAP, and are therefore unlikely to be comparable to similar measures presented by other companies.
Adjusted EBITDA is used as an alternative to net income by removing major non-cash items, such as depreciation, amortization, interest, stock-based compensation, current and deferred income tax expenses and other items management considers unique and/or non-operating in nature.
Adjusted Operating Expense is used as an alternative to operating expenses by removing major non-cash items such as stock-based compensation, depreciation, and other unique or non-cash expenses, while retaining ongoing fixed operating expenses and excluding variable cash expenses associated with revenue share.
Adjusted EBITDA and Adjusted Operating Expense have no direct comparable GAAP financial measures. The Company has used or included these non-GAAP measures solely to provide investors with added insight into Real's financial performance. Readers are cautioned that such non-GAAP measures may not be appropriate for any other purpose. Non-GAAP measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Our Adjusted EBITDA is reconciled to the most comparable GAAP measure for the three months ended March 31, 2025 and 2024 and is presented in the table below labeled Reconciliation of Net Loss to Adjusted EBITDA. Our Adjusted Operating Expense reconciled to the most comparable GAAP measure is presented for the three months ended March 31, 2025 and on a quarterly basis for the prior two fiscal years in the table below labeled Reconciliation of Operating Expense to Adjusted Operating Expense.
THE REAL BROKERAGE INC. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Expressed in thousands of U.S. dollars) Unaudited |
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As of |
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March 31, 2025 |
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December 31, 2024 |
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ASSETS |
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CURRENT ASSETS |
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Cash and cash equivalents |
$ |
24,706 |
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$ |
23,376 |
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Restricted cash |
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30,259 |
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24,089 |
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Investments in financial assets |
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10,554 |
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9,449 |
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Trade receivables |
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16,789 |
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|
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14,235 |
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Other receivables |
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54 |
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|
|
117 |
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Prepaid expenses and deposits |
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1,533 |
|
|
|
1,645 |
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TOTAL CURRENT ASSETS |
$ |
83,895 |
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$ |
72,911 |
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NON-CURRENT ASSETS |
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Intangible assets, net |
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2,352 |
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2,575 |
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Goodwill |
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8,993 |
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8,993 |
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Property and equipment, net |
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2,245 |
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2,116 |
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Long-term financing receivables, net |
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2,969 |
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- |
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TOTAL NON-CURRENT ASSETS |
$ |
16,559 |
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$ |
13,684 |
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TOTAL ASSETS |
$ |
100,454 |
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$ |
86,595 |
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LIABILITIES AND EQUITY |
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CURRENT LIABILITIES |
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Accounts payable |
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927 |
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1,374 |
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Accrued liabilities |
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33,572 |
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25,939 |
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Customer deposits |
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30,259 |
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24,089 |
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Other payables |
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3,177 |
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3,050 |
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TOTAL CURRENT LIABILITIES |
$ |
67,935 |
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$ |
54,452 |
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TOTAL LIABILITIES |
$ |
67,935 |
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$ |
54,452 |
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EQUITY |
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EQUITY ATTRIBUTABLE TO OWNERS |
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Common Shares, $0 par value, unlimited Common Shares authorized, 205,285 Shares issued and 205,158 outstanding (in thousands) at March 31, 2025; and 202,941 Shares issued and 202,499 outstanding (in thousands) at December 31, 2024 |
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- |
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- |
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Additional paid in capital |
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142,457 |
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138,639 |
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Deficit |
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(109,713 |
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(104,746 |
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Accumulated other comprehensive income |
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599 |
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708 |
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Treasury stock, at cost, 127 and 442 Common Shares (in thousands) at March 31, 2025 and December 31, 2024, respectively |
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(591 |
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(2,455 |
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EQUITY ATTRIBUTABLE TO OWNERS |
$ |
32,752 |
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$ |
32,146 |
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Non-controlling interests |
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(233 |
) |
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(3 |
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TOTAL EQUITY |
$ |
32,519 |
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$ |
32,143 |
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TOTAL LIABILITIES AND EQUITY |
$ |
100,454 |
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$ |
86,595 |
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THE REAL BROKERAGE INC. INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Expressed in thousands of U.S. dollars, except for per share amounts) Unaudited |
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Three Months Ended March 31, |
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2025 |
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2024 |
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Revenues |
$ |
353,981 |
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$ |
200,743 |
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Cost of Sales |
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320,045 |
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179,984 |
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Gross Profit |
$ |
33,936 |
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$ |
20,759 |
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General and administrative expenses |
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17,516 |
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12,136 |
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Marketing expenses |
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17,697 |
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12,629 |
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Research and development expenses |
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3,932 |
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2,462 |
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Settlement of litigation |
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— |
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9,250 |
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Operating Expenses |
$ |
39,145 |
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$ |
36,477 |
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Operating Loss |
$ |
(5,209 |
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$ |
(15,718 |
) |
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Other income |
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122 |
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173 |
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Finance expenses, net |
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(34 |
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(552 |
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Net Loss |
$ |
(5,121 |
) |
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$ |
(16,097 |
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Net income attributable to noncontrolling interests |
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(154 |
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— |
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Net Loss Attributable to the Owners of the Company |
$ |
(4,967 |
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$ |
(16,097 |
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Other comprehensive income/(loss): |
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Unrealized gain on investments in financial assets |
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12 |
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43 |
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Foreign currency translation adjustment |
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(121 |
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119 |
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Total Comprehensive Loss Attributable to Owners of the Company |
$ |
(5,076 |
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$ |
(15,935 |
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Total Comprehensive Income Attributable to NCI |
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(154 |
) |
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— |
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Total Comprehensive Loss |
$ |
(5,230 |
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$ |
(15,935 |
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Loss per share |
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Basic and diluted loss per share |
$ |
(0.02 |
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$ |
(0.09 |
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Weighted-average shares, basic and diluted |
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204,382 |
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184,692 |
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THE REAL BROKERAGE INC. INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS (U.S. dollar in thousands) Unaudited |
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Three Months Ended March 31, |
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2025 |
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2024 |
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OPERATING ACTIVITIES |
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Net Loss |
$ |
(5,121 |
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$ |
(16,097 |
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Adjustments for: |
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Depreciation and amortization |
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379 |
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326 |
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Equity-settled share-based payment |
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12,707 |
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8,844 |
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Finance costs |
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(149 |
) |
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129 |
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Change in fair value of warrants liability |
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- |
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271 |
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Changes in operating asset and liabilities: |
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Trade receivables |
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(2,555 |
) |
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(3,094 |
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Other receivables |
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63 |
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(27 |
) |
Long-term financing receivables |
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(2,969 |
) |
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- |
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Prepaid expenses and deposits |
|
112 |
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|
910 |
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Accounts payable |
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(447 |
) |
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|
522 |
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Accrued liabilities |
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7,633 |
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7,840 |
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Customer deposits |
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6,170 |
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11,492 |
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Other payables |
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127 |
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10,364 |
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NET CASH PROVIDED BY OPERATING ACTIVITIES |
$ |
15,950 |
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$ |
21,480 |
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INVESTING ACTIVITIES |
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Purchase of property and equipment |
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(285 |
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(96 |
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Purchase of financial assets |
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(1,350 |
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(171 |
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Sale of financial assets |
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257 |
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22 |
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NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES |
$ |
(1,378 |
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$ |
(245 |
) |
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FINANCING ACTIVITIES |
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Purchase of common shares for Restricted Share Unit (RSU) Plan |
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(6,122 |
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(4,623 |
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Payment of employee taxes on certain share-based arrangements |
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(1,213 |
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(321 |
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Proceeds from exercise of stock options |
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310 |
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613 |
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Distributions to non-controlling interest |
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(76 |
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(38 |
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NET CASH USED IN FINANCING ACTIVITIES |
$ |
(7,101 |
) |
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$ |
(4,369 |
) |
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Net change in cash, cash equivalents and restricted cash |
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7,471 |
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16,866 |
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Cash, cash equivalents and restricted cash, beginning of year |
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47,465 |
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|
27,655 |
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Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash |
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29 |
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(9 |
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CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE |
$ |
54,965 |
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$ |
44,512 |
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THE REAL BROKERAGE INC. RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA (Expressed in thousands of U.S. dollars) Unaudited |
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For the Three Months Ended |
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March 31, 2025 |
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March 31, 2024 |
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Net Loss |
$ |
(5,121 |
) |
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$ |
(16,097 |
) |
Add/(Deduct): |
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Finance Costs |
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34 |
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|
671 |
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Depreciation and Amortization |
|
379 |
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|
326 |
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Stock-Based Compensation |
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12,707 |
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8,844 |
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Restructuring Expenses |
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250 |
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- |
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Expenses related to Anti-Trust Litigation Settlement |
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27 |
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|
9,857 |
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Adjusted EBITDA |
$ |
8,276 |
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$ |
3,601 |
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THE REAL BROKERAGE INC. BREAKOUT OF REVENUE BY SEGMENT (Expressed in thousands of U.S. dollars) Unaudited |
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For the Three Months Ended |
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March 31, 2025 |
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March 31, 2024 |
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Main revenue streams |
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Commissions |
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351,749 |
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|
199,252 |
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Title |
|
1,030 |
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|
795 |
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Mortgage Income |
|
1,076 |
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|
|
696 |
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Wallet |
|
126 |
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— |
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Total Revenue |
$ |
353,981 |
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$ |
200,743 |
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THE REAL BROKERAGE INC. RECONCILIATION OF OPERATING EXPENSE TO ADJUSTED OPERATING EXPENSE BY QUARTER (Expressed in thousands of U.S. dollars) Unaudited |
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2023 |
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2024 |
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2025 |
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Q1 |
Q2 |
Q3 |
Q4 |
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Q1 |
Q2 |
Q3 |
Q4 |
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Q1 |
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Operating Expense |
17,846 |
|
21,499 |
|
22,742 |
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26,796 |
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36,477 |
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32,512 |
|
34,607 |
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36,371 |
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39,145 |
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Less: Revenue Share Expense |
5,434 |
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7,684 |
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7,946 |
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6,840 |
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|
9,064 |
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12,475 |
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11,651 |
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9,537 |
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|
12,504 |
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Revenue Share Expense (% of revenue) |
5.0 |
% |
4.1 |
% |
3.7 |
% |
3.8 |
% |
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4.5 |
% |
3.7 |
% |
3.1 |
% |
2.7 |
% |
|
3.5 |
% |
Less: |
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Stock-Based Compensation - Employees |
1,019 |
|
1,214 |
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285 |
|
6543 |
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|
1,493 |
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2,265 |
|
3,139 |
|
3,405 |
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|
1,651 |
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Stock-Based Compensation - Agent |
1,541 |
|
1,640 |
|
2,769 |
|
1,830 |
|
|
2,137 |
|
2,335 |
|
2,665 |
|
2,940 |
|
|
3,115 |
|
Depreciation and Amortization Expense |
269 |
|
284 |
|
277 |
|
298 |
|
|
326 |
|
340 |
|
358 |
|
372 |
|
|
379 |
|
Restructuring Expense |
41 |
|
44 |
|
80 |
|
58 |
|
|
— |
|
— |
|
— |
|
— |
|
|
250 |
|
Expenses Related to Anti-Trust Litigation Settlement |
— |
|
— |
|
— |
|
— |
|
|
9,857 |
|
369 |
|
33 |
|
118 |
|
|
27 |
|
Subtotal |
2,870 |
|
3,182 |
|
3,411 |
|
8,729 |
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|
13,813 |
|
5,309 |
|
6,195 |
|
6,835 |
|
|
5,422 |
|
Adjusted Operating Expense1 |
9,542 |
|
10,633 |
|
11,385 |
|
11,227 |
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|
13,600 |
|
14,728 |
|
16,761 |
|
19,998 |
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|
21,219 |
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Adjusted Operating Expense (% of revenue) |
8.8 |
% |
5.7 |
% |
5.3 |
% |
6.2 |
% |
|
6.8 |
% |
4.3 |
% |
4.5 |
% |
5.7 |
% |
|
6.0 |
% |
1Adjusted operating expense excludes revenue share, stock-based compensation, depreciation and other non-recurring or non-cash expenses. |
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THE REAL BROKERAGE INC. KEY PERFORMANCE METRICS BY QUARTER (Dollar amounts expressed in U.S. dollars) Unaudited |
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2023 |
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2024 |
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2025 |
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Q1 |
Q2 |
Q3 |
Q4 |
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Q1 |
Q2 |
Q3 |
Q4 |
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Q1 |
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Transaction Data |
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Closed Transaction Sides |
|
10,963 |
|
|
17,537 |
|
|
20,397 |
|
|
17,749 |
|
|
|
19,032 |
|
|
30,367 |
|
|
35,832 |
|
|
35,370 |
|
|
|
33,617 |
|
Total Value of Home Side Transactions ($, billions) |
|
4.0 |
|
|
7.0 |
|
|
8.1 |
|
|
6.8 |
|
|
|
7.5 |
|
|
12.6 |
|
|
14.4 |
|
|
14.6 |
|
|
|
13.5 |
|
Median Home Sales Price ($, thousands) |
$ |
350 |
|
$ |
369 |
|
$ |
370 |
|
$ |
355 |
|
|
$ |
372 |
|
$ |
384 |
|
$ |
383 |
|
$ |
380 |
|
|
$ |
380 |
|
Agent Metrics |
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
Total Agents |
|
10,000 |
|
|
11,500 |
|
|
12,175 |
|
|
13,650 |
|
|
|
16,680 |
|
|
19,540 |
|
|
21,770 |
|
|
24,140 |
|
|
|
26,870 |
|
Agent Churn Rate (%) |
|
8.3 |
|
6.5 |
|
10.8 |
|
6.2 |
|
|
7.9 |
|
7.5 |
|
7.3 |
|
6.8 |
|
|
8.7 |
|||||||||
Revenue Churn Rate (%) |
|
4.3 |
|
|
3.8 |
|
|
4.5 |
|
|
4.9 |
|
|
|
1.9 |
|
|
1.6 |
|
|
2.0 |
|
|
1.8 |
|
|
|
2.5 |
|
Headcount and Efficiency Metrics |
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
Full-Time Employees |
|
127 |
|
|
145 |
|
|
162 |
|
|
159 |
|
|
|
151 |
|
|
231 |
|
|
240 |
|
|
264 |
|
|
|
410 |
|
Full-Time Employees, Excluding One Real Title and One Real Mortgage |
|
88 |
|
|
102 |
|
|
120 |
|
|
118 |
|
|
|
117 |
|
|
142 |
|
|
155 |
|
|
178 |
|
|
|
307 |
|
Headcount Efficiency Ratio1 |
|
1:114 |
|
|
1:113 |
|
|
1:101 |
|
|
1:116 |
|
|
|
1:143 |
|
|
1:138 |
|
|
1:140 |
|
|
1:136 |
|
|
|
1:88 |
|
Revenue Per Full Time Employee ($, thousands)2 |
$ |
1,226 |
|
$ |
1,817 |
|
$ |
1,789 |
|
$ |
1,537 |
|
|
$ |
1,716 |
|
$ |
2,400 |
|
$ |
2,403 |
|
$ |
1,970 |
|
|
$ |
1,153 |
|
Operating Expense Excluding Revenue Share ($, thousands)3 |
$ |
12,412 |
|
$ |
13,815 |
|
$ |
14,796 |
|
$ |
19,956 |
|
|
$ |
27,413 |
|
$ |
20,037 |
|
$ |
22,956 |
|
$ |
26,835 |
|
|
$ |
26,641 |
|
Operating Expense Per Transaction Excluding Revenue Share ($)4 |
$ |
1,132 |
|
$ |
788 |
|
$ |
725 |
|
$ |
1,124 |
|
|
$ |
1,440 |
|
$ |
660 |
|
$ |
641 |
|
$ |
759 |
|
|
$ |
792 |
|
Adjusted Operating Expense ($, thousands)5 |
$ |
9,542 |
|
$ |
10,633 |
|
$ |
11,385 |
|
$ |
11,226 |
|
|
$ |
13,600 |
|
$ |
14,728 |
|
$ |
16,761 |
|
$ |
19,998 |
|
|
$ |
21,219 |
|
Adjusted Operating Expense Per Transaction ($) |
$ |
870 |
|
$ |
606 |
|
$ |
558 |
|
$ |
632 |
|
|
$ |
715 |
|
$ |
485 |
|
$ |
468 |
|
$ |
565 |
|
|
$ |
631 |
|
1Defined as the ratio of full-time brokerage employees (excluding One Real Title and One Real Mortgage employees) to the number of agents on our platform |
|||||||||||||||||||||||||||||
| 2Reflects total company revenue divided by full-time brokerage employees (excludes One Real Title and One Real Mortgage employees) | |||||||||||||||||||||||||||||
3Defined as total operating expenses per the Company's statement of comprehensive loss, less revenue share disclosed in the Company's expense by nature footnote disclosure in the Financial Statements |
|||||||||||||||||||||||||||||
4Defined as operating expense excluding revenue share, divided by closed transaction sides |
|||||||||||||||||||||||||||||
5Adjusted operating expense excludes revenue share, stock-based compensation, depreciation and other non-recurring or non-cash expenses. |
|||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||
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, information relating to Real's expectation regarding increasing the number of agents, revenue growth and profitability and the business, strategic plans of Real and expectations regarding Real Wallet and Leo CoPilot, including their anticipated features.
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, Real's inability to successfully launch new products and features, including Real Wallet, Leo CoPilot and Leo for Clients and those risk factors discussed under the heading "Risk Factors" in the Company's Annual Information Form dated March 6, 2025, and "Risks and Uncertainties" in the Company's Quarterly Management's Discussion and Analysis for the period ended March 31, 2025, copies of which are 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.
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 in all 50 states throughout the U.S. and Canada, Real supports over 27,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses. Additional information can be found on its website at www.onereal.com.
The Real Brokerage is a real estate technology company and is not a bank. Banking services are provided by Thread Bank, Member FDIC. The Real Wallet Visa debit card is issued by Thread Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used anywhere Visa cards are accepted.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250508081018/en/
For additional information, please contact:
Ravi Jani
Chief Financial Officer
[email protected]
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Senior Director, Marketing, Communications & Brand
[email protected]
201.564.4221