Business
La Rosa Acquires Twelfth Real Estate Brokerage Franchisee
Launching La Rosa’s multi-level revenue share plan in Puerto Rico intended to empower realtors with a unique income stream Hosting Discover the La Rosa
About this update from La Rosa Holdings Corp.
[{"type":"text","content":"Launching La Rosa’s multi-level revenue share plan in Puerto Rico intended to empower realtors with a unique income stream Hosting Discover the La Rosa Difference Event for Real Estate Agents on October 17th at 5 P.M. ET Reaffirms target of generating $100 million in annualized revenue as a 2024 exit run rate Celebration, FL, Aug. 21, 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, multi-service real estate segments, today announced that it has acquired a 100% interest in the Company’s franchisee - BF Prime LLC (“BF Prime”), located in Carolina, Puerto Rico. The franchisee provides residential and commercial real estate brokerage services. It also provides coaching and support services to agents on a fee basis. The acquisition comes as part of La Rosa's strategic expansion plan and brings its previously announced La Rosa’s Ultimate Plan to Puerto Rico. The Ultimate Plan is a five-level revenue share model intended to create a sustainable and lucrative income stream for real estate professionals. This model allows agents to generate earnings not only from their direct referrals but also from the referrals brought in by their recruits. The Company is also hosting the “Discover the La Rosa Difference” event and invites real estate agents to attend. Event details below: Discover the La Rosa Difference Event: Time: 5:00 pm- 8:00 pm ET Date: Thursday, October 17th, 2024 Location: Hyatt Place Bayamón, Puerto Rico Joe La Rosa, CEO of the Company, commented, “Puerto Rico's real estate market is poised for significant growth, with projections estimating that its value will reach $389.7 billion by 2029. The residential real estate segment is at the forefront of this expansion, expected to hit a market volume of $253.7 billion in 2024. This growth is further bolstered by a rising demand for luxury beachfront properties, particularly among affluent international buyers, indicating potential growth for Puerto Rico's real estate market in the years ahead.\" “As we prepare to host our upcoming event in Puerto Rico, we anticipate recruiting even more agents to join our Company. We have a strong presence in the Hispanic community in Florida, where we are headquartered, which has established us as a trusted partner for real es...