The list includes companies in the technology, media, telecommunications, life sciences, fintech, and energy technology sectors.
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The Real Brokerage received notable recognition outside of its industry by ranking 38th on the Deloitte Technology Fast 500 list, which identifies companies in the technology, media, telecommunications, life sciences, fintech and energy technology sectors. .
In a Nov. 21 press release sent to Inman, Real CEO Tamir Poleg said the company’s inclusion on the list 30 years ago was a sign that the real estate industry was technologically advanced. He said this was further evidence that he was responding to the model. Increase agent productivity through automation. ”
“This is a simple concept, but success will require widespread adoption, and our unique technology stack will be a critical component to our growth,” he said in a release. “Looking to the future, we are committed to leveraging artificial intelligence to improve agent productivity and provide a seamless and intuitive experience for both agents and clients.”
Deloitte selects companies based on their fiscal year 2020 to 2023 revenue growth. During that period, Real reported an increase of 4,062%.
Although the company touts itself as a “technology platform that reimagines real estate,” it is still a real estate brokerage. However, we have implemented a number of proprietary software and artificial intelligence solutions to help agents and staff visibly minimize their workflow.
Real is a cloud brokerage, a term that means it does not own or require its agents to use a physical office, a feature also made possible by its commitment to technology. I am.
What helps Real qualify for this list is its technology development, which states that “The company must have proprietary knowledge that is sold to customers as a product that contributes to a significant portion of the company’s operating revenue.” “Must be in possession of commercial property or technology.”
“Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201 percent to 153,625 percent over the three-year period, with an average growth rate of 1,981 percent and a median growth rate of 460 percent,” the release said. is stated.
Inman said Real had more than 20,000 agents this summer and reported a significant increase in the third quarter. The company added 2,000 new agents from July to October, bringing the total number of deals closed in the quarter to 35,832, an increase of 76% year over year.
The company’s executives received the 2023 Inman Innovator Award.
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