{"id":2441,"date":"2021-08-17T15:52:17","date_gmt":"2021-08-17T15:52:17","guid":{"rendered":"https:\/\/www.realtrends.com\/blog\/2021\/08\/17\/the-real-brokerage-expands-to-canada\/"},"modified":"2025-03-13T02:38:54","modified_gmt":"2025-03-13T02:38:54","slug":"the-real-brokerage-expands-to-canada","status":"publish","type":"post","link":"https:\/\/www.realtrends.com\/blog\/2021\/08\/17\/the-real-brokerage-expands-to-canada\/","title":{"rendered":"The Real Brokerage expands to Canada"},"content":{"rendered":"\n

The Real Brokerage Inc. launched its first international office in\u00a0Alberta, Canada as “Real Broker AB.” Real also operates in 31 states and the\u00a0District of Columbia\u00a0in the United States.\u00a0<\/p>\n\n\n\n

“This expansion into Canada is a major milestone for us,” said Real co-founder and CEO Tamir Poleg. “The real estate market in Canada is growing, with significant areas of opportunity. We believe Real can play a key role in the Canadian market and we look forward to building strong relationships with agents and clients in the country and increasing our international footprint.”<\/p>\n\n\n\n

As part of the expansion, Real<\/a> has appointed\u00a0Dan Stante\u00a0as the provincial broker for\u00a0Alberta, and will be the first Real agent in\u00a0Canada. Stante is currently a director of the Calgary Real Estate Board. In this role, he served on the Technology Standing Committee, where he assisted in implementing technological changes for the board to move to the Matrix MLS Platform. This included integrating ShowingTime and developing in-house mapping and tax tools. The remaining Sano Stante Real Estate’s\u00a0Calgary-based team will be joining Real.<\/p>\n\n\n\n

Founded in 2014 by Chief Executive Officer Tamir Poleg and Chief Technology Officer Gal Weiss, Real decided early on to brand itself as a technology-forward company. And several agents we spoke with mentioned a great mobile app. \u201cWe are very focused on technology, specifically mobile technology,\u201d says Poleg.<\/p>\n\n\n\n

In an interview with RealTrends<\/a>, Poleg discussed the firm’s value proposition, which he says trends toward their splits, rev share and equity plans. According to Poleg, \u201cWe talk to our agents constantly, and many of them are attracted to the financial opportunities.\u201d Real offers agents an 85\/15 split, with a cap of $12,000. \u201cOnce you reach your cap, you pay $225 per transaction,\u201d says Poleg. While there aren\u2019t any monthly fees, there is an annual fee of $500, that\u2019s \u201ctaken out of the first two closing for each agent each year.\u201d They also offer a rev share.<\/p>\n\n\n\n

The Real Brokerage didn\u2019t submit for the\u00a0RealTrends 500<\/a>\u00a0or Nation\u2019s Best brokerage rankings this year.<\/p>\n\n\n\n

According to the brokerage’s unaudited Q2 earnings, revenue increased 790% in the second quarter of 2021 to\u00a0$23 million, compared to\u00a0$2.5\u00a0million\u00a0in Q2 last year. Gross profit grew 764% to\u00a0$2.4 million\u00a0in the second quarter of\u00a02021, compared to\u00a0$281 thousand\u00a0in Q2 2020. Net operating loss was\u00a0$2.9 million\u00a0in the second quarter of 2021, compared to a net loss of\u00a0$1.2 million\u00a0in the second quarter of 2020.<\/p>\n\n\n\n

“During the second quarter, the combination of large increases in number of agents and revenue per agent accounted for revenue growth,” said\u00a0Poleg. “In terms of outlook, on a monthly basis we added agents that collectively generated\u00a0$20\u00a0million\u00a0in trailing 12-month revenue recorded prior to joining Real. Based on these figures, we expect strong growth to continue.”<\/p>\n","protected":false},"excerpt":{"rendered":"

The Real Brokerage Inc., an international, technology-powered real estate brokerage, today announced it has launched in\u00a0Alberta, Canada\u00a0as “Real Broker AB.” With this announcement, Real has launched its first international operations, in addition to operating in 31 states and the\u00a0District of Columbia\u00a0in the United States.\u00a0<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[19],"class_list":["post-2441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nThe Real Brokerage expands to Canada - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"The Real Brokerage Inc\/ announced it has launched in\u00a0Alberta, Canada\u00a0as "Real Broker AB." 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