La Rosa (NASDAQ:LRHC) stock is heading higher on Tuesday after the residential real estate company said it will white label its proprietary artificial intelligence (AI) system, JAEME. JAEME is an AI assistant for real estate agents that was launched in October 2023. Since then, the service has seen a 92.6% increase in utilization since its launch and into March 2024. La Rosa CEO Joe La Rosa said the following about the company's plans for real estate technology and JAEME. "We believe that JAEME is a powerfu ...

Celebration, FL, June 25, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for five agent-centric, technology-integrated, cloud-based, multiservice real estate segments, today announced that it intends to white label its proprietary artificial intelligence ("AI") system, JAEME. JAEME, part of La Rosa's My Agent Account, was launched in October 2023. It is a real estate AI assistant created to support and inspire real estate agents with personaliz ...

Celebration, FL, June 25, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for five agent-centric, technology-integrated, cloud-based, multiservice real estate segments, today announced that it intends to white label its proprietary artificial intelligence ("AI") system, JAEME. JAEME, part of La Rosa's My Agent Account, was launched in October 2023. It is a real estate AI assistant created to support and inspire real estate agents with personaliz ...

Core Viewpoint - La Rosa Holdings Corp. has announced a non-binding Letter of Intent to acquire a controlling interest in Nona Title Agency, enhancing its service offerings and revenue streams in the real estate sector [1][5]. Company Overview - La Rosa Holdings Corp. operates in five agent-centric, technology-integrated, cloud-based, multiservice real estate segments [1]. - The company has 22 corporate real estate brokerage offices and branches in Florida, California, Texas, and Georgia, along with 15 franchised offices and two affiliated offices in the U.S. and Puerto Rico [6]. Acquisition Details - The acquisition of Red Door Title, a full-service escrow settlement and title company, is expected to be finalized by the end of July [8][12]. - This acquisition will enable La Rosa to provide title insurance services, complementing its existing real estate offerings and positioning the company for more comprehensive solutions in the residential property market [8]. Strategic Goals - The CEO of La Rosa Holdings Corp. emphasized that the acquisition aims to broaden service offerings, enhance value for agents and clients, and generate additional revenue streams [5]. - The company plans to layer on additional value-added services through acquisitions or joint ventures to expand its market presence across the U.S. [5]. Business Model - La Rosa's business model includes internal services for agents and external services for the public, covering residential and commercial real estate brokerage, franchising, education, coaching, and property management [6][9]. - The company offers agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions, leveraging its proprietary technology platform [9].

The Company anticipates finalizing the transaction by the end of July. Once complete, the transaction would allow La Rosa to provide title insurance services for home purchases and sales, complementing its existing real estate offerings. Securing title insurance capabilities would position the Company to deliver more comprehensive solutions within the residential property market. The consummation of the acquisition is subject to the parties entering into a definitive acquisition agreement and other related ...

Joe La Rosa, CEO of the Company, commented, "We are thrilled to welcome the Millenian Group and all our new agents to the La Rosa family. Their proven track records and dedication to providing outstanding service align perfectly with our mission to deliver exceptional real estate experiences. We believe that this significant growth of agents is a testament to the strength of our agent-centric, technology-driven approach. We continue to expand our reach and expect to have a further impact in the real estate ...

Core Viewpoint - La Rosa Holdings Corp. has filed a Request for Withdrawal of its Registration Statement with the SEC, which does not impact its business operations or strategic objectives [1][2][10]. Company Overview - La Rosa Holdings Corp. operates as a holding company for five agent-centric, technology-integrated, cloud-based, multi-service real estate segments [1]. - The company offers agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions, leveraging its proprietary technology platform [11]. - La Rosa provides both residential and commercial real estate brokerage services, along with technology-based products and services for its sales agents and franchise agents [11]. Business Model - The business model includes internal services for agents and external services for the public, covering residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, and property management [12]. - La Rosa has 22 corporate real estate brokerage offices and branches in Florida, California, Texas, and Georgia, along with 15 franchised offices and two affiliated offices in the U.S. and Puerto Rico [12]. Strategic Focus - The company remains committed to enhancing its market position and driving growth through its unique, agent-centric approach and integrated technology platforms [2]. - The decision to withdraw the Registration Statement was made after careful consideration of the company's financial standing and market conditions, with a focus on aligning future public market access with long-term shareholder interests [10].

Forward-Looking Statements La Rosa is committed to delivering value to its shareholders through its unique, agent-centric approach and integrated technology platforms across its multi-service real estate segments. The Company remains focused on its core business operations and strategic initiatives aimed at enhancing its market position and driving growth. The decision to withdraw the Registration Statement does not affect the Company's business operations or its strategic objectives. The Registration State ...

grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forw ...

fiscal quarter ended March 31, 2024. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward- looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release. La Rosa's business model is s ...