Real Brokerage added nearly 3,000 agents in Q2 2024, with revenue reaching $340 million and gross profit at $31.9 million, despite a net loss of $1.2 million.
The company believes in agent-driven growth, with every new agent potentially attracting more agents, leading to increased opportunities and revenue.
Real Brokerage's ancillary services revenue, including title and mortgage, is growing significantly, with expectations of being profit contributors in the near future.
The company's private-label division allows independent brokerages to utilize Real's technology platform while maintaining their brands, attracting 20 brokerages and 700 agents in 2024.
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