|
|
|
|
|||||
|
|
|
The Real Brokerage Inc. (NASDAQ:REAX) is one of the best long-term penny stocks to invest in. The Real Brokerage Inc. (NASDAQ:REAX) announced on December 9 the joining of Freeman Wang, the Southern California real estate leader, and his 50-agent team through Harvest Realty, which operates under the company’s Private Label program.
Harvest Reality was founded in 2014 and joined The Real Brokerage Inc. (NASDAQ:REAX) at the beginning of the year, adding over $2.4 billion in 2024 sales volume and 550 agents and bolstering the company’s service to the Chinese community across Orange and Los Angeles counties.
Management reported that Wang’s team totaled $425 million in sales volume in 2024, closing 430 homes. The development thus expands The Real Brokerage Inc.’s (NASDAQ:REAX) presence across Southern California and highlights the Private Label program’s value for growing independent brokerages.
The Real Brokerage Inc.’s (NASDAQ:REAX) Private Label program allows independent brokerages to maintain their brands with access to the company’s revenue share, compensation programs, virtual platform, and equity awards.
The Real Brokerage Inc. (NASDAQ:REAX) provides real estate brokerage services. The company’s operations are divided into the North American Brokerage and Other segments. The North American Brokerage segment processes real estate transactions, entitling the company to commissions and thus generating revenue. The Other segment entails revenues from offering title insurance and closing services for commercial and residential transactions, along with premiums related to facilitating mortgage transactions between lenders and borrowers.
While we acknowledge the potential of REAX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
| Dec-11 | |
| Dec-09 | |
| Dec-06 | |
| Dec-01 | |
| Nov-21 | |
| Nov-20 | |
| Nov-19 | |
| Nov-18 | |
| Nov-12 | |
| Nov-11 | |
| Nov-08 | |
| Nov-04 | |
| Nov-04 | |
| Nov-03 | |
| Oct-31 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite