Business
La Rosa Reports 15% Sequential Increase in Real Estate Sales Transaction Volume in Q2 2024 Compared to Q1 2024
Transaction Aggregate Sales Value Increased by Approximately 21%, Reaching Just Under $110 Million Celebration, FL, July 17, 2024 (GLOBE NEWSWIRE) -- La Rosa
About this update from La Rosa Holdings Corp.
[{"type":"text","content":"Transaction Aggregate Sales Value Increased by Approximately 21%, Reaching Just Under $110 Million\nCelebration, FL, July 17, 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 reported that is has achieved a 15% sequential increase in transaction volume in Q2 2024 compared to Q1 2024. Additionally, the transaction aggregate value increased by approximately 21%, reaching just under $110 million. Joe La Rosa, CEO of the Company, commented, \"We are thrilled to announce this significant growth in transaction volume and value. This 15% sequential increase in Q2 2024 compared to Q1 2024 is a testament to our strategic initiatives, the hard work of our dedicated team, and an increase in transaction volume due to a significant rise in our agent count. Last month, we achieved a historic milestone and onboarded numerous new agents to the La Rosa team. We believe our success reflects our unique, innovative, and agent-friendly revenue share model. In our view, our model revolutionizes existing revenue share structures in the real estate industry by enabling agents to earn revenue immediately without restrictions. We believe that it is transparent, easy to understand, and highly agent-centric, offering unparalleled opportunities for agents to thrive and succeed in the competitive real estate market.” “We believe reaching nearly $110 million in transaction aggregate value demonstrates the effectiveness of our business model and our ability to deliver exceptional results. Consequently, we anticipate that Q2 2024 revenue will be significantly higher compared to the same period last year. We remain committed to leveraging our technology and expanding our services to meet the evolving needs of our clients. We are excited about the future and confident in our ability to achieve even greater milestones,\" concluded Mr. La Rosa. About La Rosa Holdings Corp. La Rosa Holdings Corp. (Nasdaq: LRHC) is disrupting the real estate industry by offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions. Leveraging its proprietary technology platform, La Rosa empowers agents and franchisees to deliver top-tier service to their clients. The Compan...