Company Overview - The Real Brokerage Inc was founded in 2014 and aims to disrupt the traditional real estate brokerage model by offering agents higher value at a lower cost[11] - The company's mission is to empower each agent through innovation, fostering a culture of shared success and wealth creation[22] - Real aims to streamline the home buying process via a consumer-facing product while providing agents with tools to build long-term wealth[24] Agent Growth and Revenue - Real has grown agent count by over 7x since Q4 2021, representing approximately 2% of the US industry[25, 71] - The company's agent count reached 30,183[13] - Last Twelve Months revenue reached $1814 million[13] Financial Performance - Last Twelve Months Adjusted EBITDA reached $578 million[15] - In Q3 2025, the agent-to-full-time brokerage employee ratio was 89:1, reflecting operational efficiency[68] - Q3 2025 revenue was $568549 thousand, compared to $372488 thousand in Q3 2024[193] Agent Incentives and Technology - Real offers a competitive 85%/15% commission split, favoring the agent, with an annual cap of $12000 in the US and CAD $15000 in Canada[40] - The company's proprietary software platform, reZEN, offers a comprehensive range of tools for real estate agents[49] - Real Wallet, launched in Q4 2024, has generated $550K in revenue YTD Q3 2025, with over 4600 agent users and $20M in deposits[76]