Real Brokerage settles lawsuit with former CFO

Core Insights - Real Brokerage settled a lawsuit with its former CFO, Michelle Ressler, who accused the company of discrimination and wrongful termination after her maternity leave [1][2] Financial Performance - In Q3, Real Brokerage reported a net loss of $280,000, an improvement from a loss of $2.5 million in the previous year [4] - The company experienced a 49% increase in transaction count in Q3 and added approximately 2,100 agents to its platform [4] - Gross margin decreased to 7.9% from 8.6% year-over-year, attributed to high-performing agents opting for a per-transaction fee structure [5] Legal and Operational Issues - Ressler's lawsuit highlighted operational challenges, including issues with the Real Wallet agent banking option, which allegedly caused duplicate commission payments and access issues for agents [6] - As part of the settlement, Ressler will reimburse Real for personal charges made on her corporate card, but the company will not make any payment to her [2]