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Real Brokerage
Real Brokerage is a Nasdaq-listed, cloud-native residential real estate firm with over 23,000 agents and a revenue-share model that grants equity to...
Real Brokerage
Real Brokerage was founded in Toronto in 2014 under the name Tamarack Global Realty and later rebranded. Sharran Srivatsaa joined the leadership team and eventually became President, driving the firm's expansion across the United States and Canada. The company went public on the Nasdaq in 2021 via a merger with a special purpose acquisition company, raising capital to fuel its technology-centric growth strategy. Its revenue model relies on transaction fees and a tiered revenue-sharing program that rewards agents for recruiting and mentoring other agents. The firm operates a cloud-based platform connecting home buyers, sellers, and agents without the fixed-cost burden of physical branch offices. Real Brokerage covers residential real estate sales, mortgage origination through its subsidiary Real Mortgage, and title and escrow services. In 2024 the firm launched its luxury division, Real Luxury, targeting high-end property markets. Confirmed operating regions include Ontario and British Columbia in Canada, with US operations spanning California, Florida, Texas, New York, and roughly 45 other states. Its acquisition of boutique firm LemonBrew Technologies in 2022 brought additional mortgage and title capabilities in-house. Agent count passed the 23,000 mark in March 2025, as disclosed in the firm's own operational filings. In addition to its core brokerage, Real Brokerage operates Real Wallet, a financial services app for agents to manage commissions, and ONE Real Mortgage, offering purchase and refinance loans. The firm has no disclosed philanthropic foundation. In November 2024, the firm announced an expansion of its revenue-share program, extending equity-like rewards to agents who hit multi-year production milestones — a move designed to deepen agent retention in a fiercely competitive recruiting environment (per the firm's official communications, November 2024). Real Brokerage's structure blurs the line between brokerage and technology company by offering agents a production-based equity incentive plan alongside cash commission splits. That architecture — a public company with a distributed, agent-owned stock program — creates a structural retention mechanism absent from most traditional brokerages. The firm's cloud-native operating model keeps overhead low while scaling geographically, positioning it as a capital-light competitor to franchise-heavy incumbents.
General information
Firm type
Asset Manager
Year founded
2014
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Toronto
Corporate office
Toronto, ON, Canada
Additional offices
New York, NY, United States
Principals
Tamarack Global Realty
Founder (operating name at inception)
Sharran Srivatsaa
President
Sector focus
Frequently asked questions
What is Real Brokerage's core business model?
Real Brokerage operates a technology-powered residential real estate platform. Its revenue comes primarily from transaction commissions on home sales, with additional income streams from mortgage origination and title services through wholly-owned subsidiaries. The firm differentiates by granting revenue-share income and restricted stock units to agents who meet production benchmarks, effectively making high-performing agents part-owners in the public company.
How does Real Brokerage compensate its agents?
Agents earn a commission split on closed transactions and can participate in revenue-sharing and equity incentive programs. The firm awards restricted stock units to agents who reach specified annual production thresholds. Additionally, agents who mentor and recruit other agents receive a share of the revenue generated by those recruits' transactions, layered on top of their own production income.
What ancillary services does Real Brokerage offer?
Beyond residential real estate brokerage, the firm operates ONE Real Mortgage for purchase and refinance loans, and Real Title for escrow and settlement services. It also provides Real Wallet, a mobile app that lets agents manage commissions, track expenses, and access earnings. The firm acquired LemonBrew Technologies in 2022 to deepen its in-house mortgage and closing capabilities.
Is Real Brokerage a single family office?
No. Real Brokerage Inc is a publicly traded company listed on the Nasdaq under the ticker REAX. While founders and early backers likely have family-office structures for their own wealth, the entity itself is an operating real estate brokerage and technology platform, not a family office or fund manager.
How does Real Brokerage source growth — organically or through acquisitions?
Real Brokerage relies predominantly on organic agent recruiting, fueled by its revenue-share and equity programs. Growth has also come through select acquisitions, including the purchase of boutique mortgage-and-title firm LemonBrew Technologies in 2022. The firm has not historically made real estate portfolio acquisitions; rather, it expands by onboarding independent agents and small teams onto its platform.
What is Real Luxury?
Real Luxury is the firm's high-end residential division, launched in 2024. It targets luxury property sales and provides dedicated marketing and concierge-level support to agents operating in top-tier price bands. The division operates under the same technological and compensation umbrella as the broader Real Brokerage platform but focuses on properties listed at premium valuations across key coastal and urban markets.
Who leads the firm's strategic direction?
Sharran Srivatsaa serves as President and is the most visible executive guiding operations and agent-facing strategy. Founder and CEO Tamir Poleg, based in Toronto, continues to lead corporate strategy and technology development. Together they oversee the platform's expansion across the United States and Canada, with Poleg focused on product and capital markets and Srivatsaa on agent growth and retention.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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