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llustration by Lanette Behiry/Real Estate News
Real Brokerage announced a push to cut low‑value tasks with new AI tools during its Q3 earnings call. The firm’s agent roster is growing, so the focus is on boosting productivity through automation. Revenue and transaction volume kept rising, and the company crossed 30,000 agents in the quarter.
Key figures for Q3 2025: revenue hit $568.5 million, up 53 % YoY and 5.3 % from Q2. Cash and equivalents rose to $36.4 million, with no debt on the balance sheet. Adjusted EBITDA improved to $20.4 million from $13.3 million in Q3 2024. Net loss narrowed to $400 k, better than the $2.6 M loss in the same period last year, though still below the $1.5 M gain in Q2 2025. Agent count reached 30,183, a 39 % YoY jump. Transaction sides closed were 53,512, a 49 % increase, generating $21.4 B in volume versus $14.4 B in Q3 2024.
AI and automation: COO Jenna Rosenblatt highlighted a new automation team aimed at eliminating manual processes, saving staff thousands of hours. Leo, the AI assistant, expanded to handle first‑line email support. In Q2, Leo managed 28 % of calls via reZEN; by Q3 that rose to 47 %. The company also launched Real Wallet Capital, a lending feature that automatically channels commissions to repay working‑capital loans.
Agent growth strategy: CEO Tamir Poleg said Real remains committed to organic expansion rather than capitalizing on brokerage consolidations. He noted that while M&A activity like Compass’s proposed acquisition of Anywhere may attract agents, the firm’s growth will stem from its value proposition.
Ancillary services: One Real Title generated $1.3 M in revenue, slightly down from $1.4 M a year earlier. One Real Mortgage saw a 47 % YoY increase, reaching $1.8 M.
Strategic moves: Early Q3, Real acquired Flyhomes’ AI‑powered home‑search portal and invested in Flyhomes’ shift to wholesale mortgage lending. Recruiting highlights included The Landmark Group adding over 250 agents in September and the Benson Crew, now Real’s largest Canadian team.
Overall, Real Brokerage is scaling its AI capabilities to streamline operations, while maintaining strong revenue growth and a robust agent pipeline.
