Business
Giving Agents Financial Freedom Takes Center Stage at the Real RISE 2023 Conference
Real empowers agent success with revenue-sharing post-retirement; unveils wealth-building tools and longer term vision of the “Real Wallet” that provides
About this update from The Real Brokerage, Inc.
[{"type":"text","content":"\nReal empowers agent success with revenue-sharing post-retirement; unveils wealth-building tools and longer term vision of the “Real Wallet” that provides rewards and other benefits\n\n\n TORONTO & NEW YORK--(BUSINESS WIRE)--\nThe Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing, publicly traded real estate brokerage, used its second annual signature conference, RISE 2023 this week, to make four significant announcements designed to help its 12,000+ agents better secure their financial futures, including the ability to continue to receive revenue sharing payments after retirement, a wealth forecasting tool, better insights into their earnings and a new incentivized payment product.\n\n\nReal Wallet\n\n\nReal Chairman and CEO Tamir Poleg announced that the company is working toward providing Real agents with Real Wallet, a first-of-its-kind fintech product that centralizes the functionality of a debit card, credit card, reward points and an array of additional perks to offer its agents a new way to unlock financing sources that were not previously available to them. Initial testing is scheduled for the first half of 2024, reinforcing Real's commitment to integrating fintech into the real estate sector.\n\n\n“With the introduction of Real Wallet, we’re on the cusp of a fintech revolution in the real estate space. We envision a future where agents have a transparent, reliable and predictive approach to a major portion of their finances, and this is a significant stride in that direction,” Poleg said. “With the development of Real Wallet, Real is not only redefining how agents manage their finances, but also helping them to maximize their earnings.”\n\n\nReal Retirement\n\n\nTo provide agents more financial security, Real is launching Real Retirement, an initiative going into effect January 1, 2024. Under the program, agents who have been a producing agent with the company for a minimum of three years will be eligible to continue to collect their monthly revenue share payments after they are no longer actively representing clients, provided they maintain an active real estate license.\n\n\n“Our long-term success is linked to our partnership with and the continued success of our agents,” Poleg said. “We launched Willable Revenue Share earlier this year to help secure agents’ financial legacies, and we are introducing Real Ret...