REAXF - The Real Brokerage reports preliminary Q4 revenue growth of 83% Y/Y

The Real Brokerage (REAXF) reports preliminary Q4 revenue growth of 84% Q/Q and 83% Y/Y to $7,257.The Real network grew 47% Y/Y to 1,475 agents at the end of the quarter, closed transactions up 110% Y/Y to $273M.As of December 31, 2020, the company held $21,283 in cash and cash equivalents as compared to $53 year ago."Real is offering an entirely new value proposition to agents by using smart technology to reduce complexity and increase flexibility for real estate agents and their clients," said Tamir Poleg, co-founder and CEO of Real. "The rapid growth we saw in the fourth quarter was a result of high performing agents and teams choosing Real as their next-generation brokerage."

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The Real Brokerage reports preliminary Q4 revenue growth of 83% Y/Y