\nThe Real Brokerage Inc. (TSX: REAX) (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, announced results for its fourth quarter and full year ended December 31, 2022.\n<\/p>\n
\n\u201c2022 was another momentous year of growth for Real that saw us significantly increase our agent base, capture additional market share and expand our geographic presence despite a challenging housing backdrop in the second half of the year,\u201d said Tamir Poleg, Chairman and Chief Executive Officer. \u201cWe continue to expect to be adjusted EBITDA profitable in the back half of the year driven by the important changes we made to our agent fee model. Looking ahead, our top priorities are building an industry-changing consumer experience, continued acceleration of platform growth and market share and executing on additional monetization opportunities.\u201d\n<\/p>\n
Full Year 2022 Financial Highlights<\/b><\/p>\n Q4 2022 Financial Highlights<\/b><\/p>\n Q4 and Full Year 2022 Operational Highlights<\/b><\/p>\n Changes to Agent Fee Structure and Additional Benefits<\/b><\/p>\n \nSubsequent to the end of the year, in January Real announced changes to our U.S. fees and additional benefits as we seek to grow sustainably while still offering industry-beating incentives for our agents. These changes include:\n<\/p>\n \nThese changes went into effect for new agents February 1 and will go into effect for existing Real agents on April 1. These changes are expected to generate additional net profit of over $5 million in 2023 with an even more significant full year effect in 2024.\n<\/p>\n \nThe Company will discuss the results on a conference call and live webcast today at 11:00 a.m. ET.\n<\/p>\n Conference Call Details:<\/b><\/p>\n\n
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