Real Unveils Real Wallet: Empowering Agents with Exceptional Financial Flexibility
October 22 2024 - 1:00PM
Business Wire
Unique product offering taps into an agent’s
complete earnings picture to provide more financial freedom, while
positioning Real at the forefront of merging fintech with real
estate
The Real Brokerage Inc. (NASDAQ: REAX), a technology platform
reshaping real estate for agents, home buyers and sellers, today
launched Real Wallet, a financial platform designed to provide
agents with exceptional flexibility and control in managing their
finances. Unveiled at RISE 2024, Real’s annual agent conference in
Las Vegas, Real Wallet integrates earnings, revenue share and
equity into one seamless platform.
Real Wallet enables agents to access their earnings faster by
eliminating delays caused by legacy brokerage and banking systems,
while offering real-time insights into their professional net
worth.
“At Real we’re not just a real estate company—we are a
technology platform designed to empower agents to grow their
businesses,” said Tamir Poleg, Real’s Chairman and CEO. “Real
Wallet is designed specifically for agents of the future,
addressing a critical need by helping them better manage their
finances and reinvest in their businesses. By merging fintech with
real estate, we give agents the autonomy and flexibility needed to
control their financial futures.”
At launch, Real Wallet will be available to select agents in the
U.S. and Canada. U.S. agents can sign up for a business checking
account with Thread Bank, Member FDIC, including a Real-branded
debit card. Canadian agents will have access to a credit line based
on their earnings history with Real. Future phases of Real Wallet
aim to unify these features into a comprehensive financial solution
for all business banking needs. Banking services in the U.S. are
provided by Thread Bank, Member FDIC. The credit line available to
Real agents in Canada will be provided directly by Real.
“We see AI as a transformative force driving the future of real
estate,” said Pritesh Damani, Chief Technology Officer of Real.
“Real Wallet represents a key step forward by integrating
AI-powered insights with fintech tools, enabling agents to make
more informed and efficient decisions. By harnessing the power of
data and AI, we’ll soon provide agents with real-time analytics,
personalized financial forecasting and tools for tax and retirement
planning all designed to help them strategically grow their
businesses and maximize their earnings potential.”
With Real Wallet, eligible agents step into a new era of
financial autonomy, with the power to:
- Access earnings faster—eliminating delays from legacy brokerage
and banking systems
- Gain real-time insights into their professional net worth
- Take full control of their business growth with enhanced
financial freedom
Looking ahead, it is expected that Real Wallet users will have
the opportunity to earn promotional rewards points redeemable
toward reduced brokerage and transaction fees, further enhancing
their financial flexibility. Expected integrations with Apple Pay
and Google Pay will also help agents use Real Wallet in everyday
transactions.
The Real Brokerage is a real estate technology company and is
not a bank. Banking services provided by Thread Bank, Member FDIC.
The Real Wallet Visa debit card is issued by Thread Bank, Member
FDIC, pursuant to a license from Visa U.S.A. Inc. and may be used
anywhere Visa cards are accepted.
About Real Real (NASDAQ: REAX) is a real estate
experience company working to make life’s most complex transaction
simple. The fast-growing company combines essential real estate,
mortgage and closing services with powerful technology to deliver a
single seamless end-to-end consumer experience, guided by trusted
agents. With a presence throughout the U.S. and Canada, Real
supports more than 22,000 agents who use its digital brokerage
platform and tight-knit professional community to power their own
forward-thinking businesses.
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 Real’s Real Wallet, including its features and its
availability to agents.
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, Real’s inability to successfully launch Real
Wallet, termination of banking relationships or failure of bank or
technology partners to perform services for Real Wallet, slowdowns
in real estate markets, economic and industry downturns, Real’s
ability to attract new agents and retain current agents and those
risk factors discussed under the heading “Risk Factors'' in the
Company’s Annual Information Form dated March 14, 2024, a copy of
which is available under the Company’s SEDAR+ profile at
www.sedarplus.ca. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241022335881/en/
Investor inquiries, please contact: Ravi Jani Vice President,
Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com 908.280.2515 For media inquiries,
please contact: Elisabeth Warrick Senior Director, Marketing,
Communications & Brand elisabeth@therealbrokerage.com
201.564.4221
Real Brokerage (NASDAQ:REAX)
Historical Stock Chart
From Jan 2025 to Feb 2025
Real Brokerage (NASDAQ:REAX)
Historical Stock Chart
From Feb 2024 to Feb 2025