Northern California's Venture Properties Joins Real
26 Março 2024 - 8:30AM
Business Wire
Brokerage with lifetime sales of nearly $2
billion expands Real’s growing presence in California
Real (NASDAQ: REAX), the fastest-growing, publicly traded
brokerage firm, today announced that Venture Properties, led by
veteran broker Aaron Nelson, has joined Real. The 40-person
brokerage is one of the largest brokerages serving Northern
California’s Shasta County, and adds to Real’s growing presence in
California.
After finding success in the real estate industry across a
number of boutique firms, Nelson founded his own team in 2007.
Redding-based Venture Properties has distinguished itself within
the brokerage community by empowering agents with the autonomy to
run their businesses as they saw fit – a vision that resonated with
agents and enabled the team to thrive despite early market
challenges.
Since its founding, Venture Properties has sold more than 6,400
homes with a value in excess of $1.9 billion throughout Shasta
County. In 2023, the team sold more than 440 homes valued at more
than $171 million.
“We are proud to welcome Aaron and the entire Venture team to
Real,” Real President Sharran Srivatsaa said. “Real is the perfect
home for Venture and teams like it who are looking to grow their
businesses on top of the foundation of possibilities Real has
built.”
Known throughout Shasta County as a community builder, Nelson
believes that by minimizing agent fees, brokerages can empower
their agents with the increased freedom and flexibility to find the
best solutions for their clients. Additionally, by leveraging
Real's recently launched proprietary ProTeams software, Nelson is
able to configure his business model for the agents in his team
(splits, caps, and fees) while allowing him to seamlessly bolt his
team’s unique economic model onto Real's platform.
“Venture Properties has become synonymous with attracting top
producers who put the needs of their clients first, and I’m proud
of what we’ve accomplished. At the same time, I know that elevating
Venture to that next level of success is something that couldn’t be
done alone,” Nelson said. “Aligning with Real provides my agents
with a number of benefits, including stock, revenue share, and
training we wouldn’t have access to otherwise. By bringing my team
to Real, I’m able to deliver on everything I promised my agents and
more.”
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 in all 50 states throughout the U.S. and Canada, Real
supports more than 16,000 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 ability to continue to
attract 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, slowdowns in real estate markets, economic and
industry downturns and Real’s ability to attract new agents and
retain current agents. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240326661574/en/
Investor inquiries: Ravi Jani Vice President, Investor Relations
and Financial Planning & Analysis
investors@therealbrokerage.com 908.280.2515
For media inquiries: Elisabeth Warrick Senior Director,
Marketing, Communications & Brand press@therealbrokerage.com
201.564.4221
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