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Real Brokerage lists on TSX Venture Exchange, following QT with ADL Ventures

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Founded in 2014, with headquarters in New York, Real is a technology-powered real estate brokerage operating through a network of approximately 1,100 agents in 20 US states and the District of Columbia.

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new listing

Additional Information:

Company: The Real Brokerage Inc.
Website: http://www.JoinReal.com
Stock Symbol: TSXV: REAX
Date Published: Jun 14, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

The Real Brokerage Inc. is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “REAX”, following its qualifying transaction with Capital Pool Company ADL Ventures.

Founded in 2014, with headquarters in New York, Real is a technology-powered real estate brokerage operating through a network of approximately 1,100 agents in 20 US states and the District of Columbia.

Instead of offices, the company provides a mobile and online tech platform for both agents and clients.

Real is on a mission to make agents' lives better, creating financial opportunities for agents through higher commission splits, best-in-class technology, revenue sharing and equity incentives.

Tamir Poleg, co-founder and CEO, stated: “Today's listing marks the beginning of a new chapter in Real's journey. As a publicly traded company, Real expects to create new ways to attract and retain agents. We believe that real estate agents deserve a better service and more compelling financial opportunities, and our rapid growth is a testament of our continued success.”

Real agents earn a share of the revenue produced by agents they attract to the company, which helps to fuel growth.

With US$15 million in revenue in 2019, Real was named as an Inc. 500 fastest-growing private company in 2019, a Real Trends 500 top brokerage firm in 2020, and a Financial Times Americas' Fastest Growing Companies in 2020.

The company has completed a private placement financing of approximately US$1,600,000
US$0.0765 per share.

The shares are subject to the standard 4-month regulatory hold period plus an additional two month hold period based on contractual lock-up commitments of the subscribers.

The shares are currently bid at $0.15 and offered at $0.50, with no trades to date.

For more information, please visit the company’s website www.JoinReal.com, contact Lynda Radosevich, Chief Marketing Officer, at 917-922-7020 or email lynda@JoinReal.com.

I’m Fiona Forbes for Investmentpitch Media