UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2023
Commission File Number: 001-40442
THE REAL BROKERAGE INC.
(Registrant)
133 Richmond Street West, Suite 302
Toronto, Ontario M5H 2L3 Canada
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| THE REAL BROKERAGE INC. | ||
| (Registrant) | ||
| Date April 10, 2023 | By | /s/ Tamir Poleg |
| Tamir Poleg | ||
| Chief Executive Officer | ||
EXHIBIT INDEX
The Real Brokerage Surpasses 10,000 Agents; To Launch Division Focused on Supporting Military Members and Veterans with the Addition of Sentry Residential
TORONTO & NEW YORK - April 4, 2023 -- The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, today announced Sentry Residential has merged its military-focused national brokerage into Real. Real will leverage the addition of Sentry along with Real's existing 500-plus military-focused agents to launch a Real Military Division, the first of several planned divisions of practice.
Sentry brings strong relationships with groups like the U.S. Department of Defense in supporting service personnel with housing and career needs. It has helped more than 3,000 military families and Veterans achieve their homeownership goals and provided a career path for hundreds of military-affiliated personnel across the 74 markets in 24 states in which it operates.
Sentry's addition pushed Real above the 10,000-agent mark and culminated the brokerage's strong recruiting gains in the first quarter of 2023.
"Surpassing 10,000 agents is a significant milestone," said Real Chairman and Chief Executive Officer Tamir Poleg. "The fact that we've grown from just over 8,000 agents at year-end to more than 10,000 today, reinforces that our agent-centric model and the community we are building at Real is unlike any other in the industry. Successful groups like Sentry Residential see our growth and shared values as driving factors in their decision to align with Real."
Mike Chiesl, a top-producing San Diego real estate broker and decorated U.S. Marine Corps Veteran, and Daniel DeVille, the son of an Air Force Veteran and successful entrepreneur, launched Sentry in 2018 with a vision of becoming the first national brokerage firm dedicated to improving the lives of military families for generations through home ownership. Their goal was to take what Chiesl was doing locally to help military families and Veterans buy and sell homes and provide career opportunities for members of the military and expand it on a national scale. Today, Chiesl's local San Diego team ranks among the top 1% in the nation based on sales.
The Real Military Division will consist of Sentry's team, Real's 500-plus military-focused agents and any future agents seeking a brokerage that specializes in serving this community. The division is Real's first specialty practice group designed to align agents who specialize in a particular sector of real estate to collaborate and learn from one another.
"We are thrilled to welcome Mike, Dan and the Sentry team to Real. They share our commitment to bettering the lives of agents, especially those who have given so much to their country while helping our clients achieve their homeownership goals," Real President Sharran Srivatsaa said.
"We believe we have found a kindred spirit in Real. Tamir and Sharran share our passion for giving back to those who have sacrificed so much to serve their country," Chiesl said. "We are excited to bring our expertise to Real and make military real estate a core competency that's driven by a commitment to serve."
DeVille said, "Our mission to help military families has driven our business from Day One. As part of Real, we have a greater opportunity to scale and touch the lives of military families both through helping them realize their homeownership goals as well as providing life-changing career opportunities in real estate."
About Real
The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 45 states, D.C., and three Canadian provinces with over 10,000 agents. Additional information can be found on its website at www.onereal.com.
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 planned divisions of practice.
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.
Investor inquiries:
Jason Lee
Vice President, Capital Markets & Investor Relations
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Director, Communications
elisabeth@therealbrokerage.com
201.564.4221
The Real Brokerage Strengthens Leadership Team
Alexandra Lumpkin joins as the company's first General Counsel from Lennar
TORONTO & NEW YORK - March 30, 2023 -- The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, today announced it has named Alexandra Lumpkin as the company's first General Counsel. Reporting to Real Chairman and Chief Executive Officer Tamir Poleg, she will be responsible for directing the company's legal and compliance matters.
"We are thrilled to welcome Alix to our leadership team. She is an incredibly talented attorney who joins Real with an ideal combination of industry experience and achievements," Poleg said. "Alix is an excellent addition to our leadership team as we continue to scale our business, instill a performance culture and achieve greater results for all of our stakeholders."
Lumpkin brings extensive knowledge of the residential real estate industry, having spent nearly a decade at Lennar, one of the nation's leading homebuilders.
"I am thrilled to join Real as it continues to rapidly grow its integrated technology across its brokerage, mortgage and title operations," Lumpkin said. "Real's expertise in delivering a performance-oriented platform along with its focus on revolutionizing the real estate experience, is such an appealing combination. I look forward to working with this talented team and helping to further drive its growth and success."
She joined Lennar in 2013 as Associate General Counsel and was elevated to Deputy General Counsel in 2021. While at Lennar, Lumpkin led the company's legal securities and corporate governance function, as well as other legal and advisory roles.
Prior to transitioning to an in-house legal position, Lumpkin focused her practice on advising public and private companies on capital markets transactions, disclosure and corporate governance matters and M&A transactions at Greenberg Traurig, LLP and Holland & Knight LLP, both multinational law firms.
She earned her bachelor's degree from the University of Michigan and J.D. from the University of Florida, Fredric G. Levin College of Law.
About Real
The Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for home buyers and sellers. The company was founded in 2014 and serves 45 states, D.C., and three Canadian provinces with over 9,000 agents. Additional information can be found on its website at www.onereal.com.
Investor inquiries:
Jason Lee
Vice President, Capital Markets & Investor Relations
investors@therealbrokerage.com
908.280.2515
For media inquiries, please contact:
Elisabeth Warrick
Director, Communications
elisabeth@therealbrokerage.com
201.564.4221