REAL Brokerage news and press releases
Company announcements, direct sales updates and archived press coverage for REAL Brokerage.
REAL Brokerage news archive
Real Brokerage Second Quarter Revenue Rises 84 Percent to Record 340.8 Million
TORONTO and NEW YORK -- August 7, 2024 The Real Brokerage Inc. reported record second-quarter 2024 revenue of 340.8 million dollars, up 84 percent from 185.3 million dollars a year earlier, and a narrower net loss attributable to owners of 1.2 million dollars, compared with 4.1 million dollars....
Real Brokerage First Quarter Revenue Rises 86 Percent to 200.7 Million but Loss Widens on Settlement Costs
TORONTO and NEW YORK -- May 7, 2024 The Real Brokerage Inc. reported first-quarter 2024 revenue of 200.7 million dollars, up 86 percent from 107.8 million dollars a year earlier, as the brokerage added a record of more than 3,000 net new agents in the quarter. Net loss attributable to owners...
Real Brokerage Agrees to Pay 9.25 Million to Settle Umpa Commission Lawsuit
TORONTO and NEW YORK -- April 8, 2024 The Real Brokerage Inc. has agreed to settle the Umpa v. NAR class action on a nationwide basis, committing to pay 9.25 million dollars into a qualified settlement fund within 30 days of the court's preliminary approval. The suit, filed in the U.S. District...
Real Brokerage 2023 Revenue Rises 81 Percent to 689.2 Million as Agent Count Grows 66 Percent
TORONTO and NEW YORK -- March 7, 2024 The Real Brokerage Inc. reported full-year 2023 revenue of 689.2 million dollars, up 81 percent from 381.8 million dollars in 2022, and a net loss attributable to owners of 27.5 million dollars, compared with a loss of 20.6 million dollars the prior year. Gross...
Real Brokerage Named Defendant in Umpa Commission Antitrust Class Action
TORONTO and NEW YORK -- December 28, 2023 The Real Brokerage Inc. said it has been named as a defendant in a putative class action lawsuit filed in the U.S. District Court for the Western District of Missouri. The suit, Umpa v. The National Association of Realtors, et al., alleges that certain real...
Real Brokerage Third Quarter Revenue Rises 92 Percent to 214.6 Million as Agents Reach 12175
TORONTO and NEW YORK -- November 9, 2023 The Real Brokerage Inc., the Nasdaq-listed cloud-based real estate brokerage, reported third-quarter 2023 revenue of 214.6 million dollars, up 92 percent from a year earlier, as its agent count rose 81 percent to 12,175. Gross profit rose 119 percent to 18.8...