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iscover new stocks and assess the current business environment by examining Q4 earnings highlights of The Real Brokerage (NASDAQ:REAX) and other real estate services stocks. Technology has both helped and hindered the industry, increasing transactions but potentially disrupting key players like agents.

    The 13 real estate services stocks we track reported satisfactory Q4 results, with revenues beating analysts' consensus estimates by 5.5% while next quarter's revenue guidance was 1.2% below. Despite this, share prices have had a rough stretch, averaging a 6.3% decline since the latest earnings results.

    The Real Brokerage (NASDAQ:REAX), founded in Toronto in 2014, is a technology-driven real estate brokerage firm combining tech and agent-centric philosophies. The company reported revenues of $350.6 million, up 93.4% year on year, exceeding analysts' expectations by 16.8%. This was an impressive quarter with solid beats of EPS and EBITDA estimates.

    The Real Brokerage achieved the fastest revenue growth among its peers but may have disappointed investors who had higher expectations. The stock is down 12.8% since reporting and trades at $4.32. Marcus & Millichap (NYSE:MMI), founded in 1971, specializes in commercial real estate investment sales and reported revenues of $240.1 million, up 44.4% year on year, outperforming analysts' expectations by 20.2%. The company had an impressive quarter but its stock is down 3.9% since reporting and trades at $35.80.