BrokerageIPO / M&A

The Real Brokerage Inc. opens in 41st state

The brokerage is also in Canada and the District of Columbia

The Real Brokerage Inc. recently launched operations in its 41st state — New Mexico.

Santa Fe-area real estate broker Olga C’de Baca will be the qualifying broker. C’de Baca earned her real estate license in 2001 after more than a decade-long career in banking. Having worked with a nonprofit organization focused on affordable housing, C’de Baca sought her real estate license to better assist those families of modest income to achieve their goals of  homeownership, before transitioning to real estate full-time.

“We are at a pivotal moment in the industry at which innovation and technology are advancing real estate. Real’s technology platform, its business model and core values genuinely resonated with me,” said Olga C’de Baca in a company statement.

Real is now operating in 41 states, the District of Columbia and Canada. 

“We look forward to working with Olga as our qualifying broker in New Mexico and to be expanding into the state,” said Real co-founder and CEO Tamir Poleg. “We have made inroads in the United States Southwest in states such as Arizona and Nevada and adding New Mexico will make our ties in the region even stronger. Olga will be a critical part of our growth in the state.”

In an interview with RealTrends, Poleg said they are focused on scaling growth without jeopardizing the agent community. “We could have grown much faster by jeopardizing the long-term health of this community of agents and the DNA we’re trying to build. We decided not to do that, and just say no to people that we think are not the right fit,” says Poleg.

The Real Brokerage went public in June 2020 and first traded on the TSX Venture Exchange. They are now trading on NASDAQ.

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