<SEC-DOCUMENT>0001062993-24-008129.txt : 20240408
<SEC-HEADER>0001062993-24-008129.hdr.sgml : 20240408
<ACCEPTANCE-DATETIME>20240408100411
ACCESSION NUMBER:		0001062993-24-008129
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240408
FILED AS OF DATE:		20240408
DATE AS OF CHANGE:		20240408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Real Brokerage Inc
		CENTRAL INDEX KEY:			0001862461
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40442
		FILM NUMBER:		24828400

	BUSINESS ADDRESS:	
		STREET 1:		701 BRICKELL AVENUE, 17TH FLOOR
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131
		BUSINESS PHONE:		646-469-7107

	MAIL ADDRESS:	
		STREET 1:		701 BRICKELL AVENUE, 17TH FLOOR
		CITY:			MIAMI
		STATE:			FL
		ZIP:			33131
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>FORM 6-K
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    <title>The Real Brokerage Inc.: Form 6-K - Filed by newsfilecorp.com</title>
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<body style="font-size:10pt; font-family:'Times New Roman';">
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    <p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><font style="font-size: 18pt;"><b>UNITED STATES</b></font></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><font style="font-size: 18pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></font></p>
    <p style="margin-top: 0pt; text-align: center; background-color: #ffffff;">Washington, D.C. 20549</p>
    <p style="text-align: center; background-color: #ffffff;"><font style="font-size: 18pt;"><b>FORM 6-K</b></font></p>
    <p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b>REPORT OF FOREIGN PRIVATE ISSUER</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b>PURSUANT TO RULE 13a-16 OR 15d-16</b></p>
    <p style="margin-top: 0pt; text-align: center; background-color: #ffffff;"><b>OF THE SECURITIES EXCHANGE ACT OF 1934</b></p>
    <p style="text-align: center; background-color: #ffffff;">For the month of <u><b>April 2024</b></u></p>
    <p style="text-align: center; background-color: #ffffff;">Commission File Number: <b><u>001-40442</u></b></p>
    <p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b><u><font style="font-size: 18pt;">THE REAL BROKERAGE INC.</font></u></b></p>
    <p style="margin-top: 0pt; text-align: center; background-color: #ffffff;">(Registrant)</p>
    <p style="margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><b>701 Brickell Avenue, 17</b><sup><b>th</b></sup><b> Floor</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; background-color: #ffffff;"><u><b>Miami, Florida, 33131 USA</b></u></p>
    <p style="margin-top: 0pt; text-align: center; background-color: #ffffff;">(Address of Principal Executive Offices)</p>
    <p style="background-color: #ffffff; text-align: justify;">Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</p>
    <p style="text-align: center; background-color: #ffffff;">Form 20-F&#160; &#9744;&#160; &#160; &#160; &#160; &#160; &#160; Form 40-F&#160; &#9746;</p>
    <p style="background-color: #ffffff; text-align: justify;">Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&#160; &#9744;</p>
    <p style="background-color: #ffffff; text-align: justify;">Indicate by check mark if the Registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&#160; &#9744;</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="text-align: center; background-color: #ffffff;"><u><b>SIGNATURES</b></u><br><b> </b></p>
    <p style="text-align: justify;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;" colspan="2"><b>THE REAL BROKERAGE INC.</b></td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;" colspan="2">(Registrant)</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 47%;">&#160;</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">Date April 8, 2024</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">By</td>
            <td style="vertical-align: bottom; background-color: #ffffff; border-bottom: 0.75pt solid #000000; width: 47%;">/s/ Tamir Poleg</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 47%;">Tamir Poleg</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 50%;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 47%;">Chief Executive Officer</td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="text-align: center;"><u><b>EXHIBIT INDEX</b></u></p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="vertical-align: bottom; background-color: #ffffff; white-space: nowrap;"><u><b>Exhibit</b></u></td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 90%; white-space: nowrap;"><u><b>Description of Exhibit</b></u></td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt;">&#160;</td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 90%;">&#160;</td>
        </tr>
        <tr>
            <td style="margin-top: 0pt; margin-bottom: 0pt; background-color: #eeeeee;"><a href="exhibit99-1.htm">99.1</a></td>
            <td style="margin-top: 0pt; margin-bottom: 0pt; width: 90%; background-color: #eeeeee;"><a href="exhibit99-1.htm">Press Release dated April 8, 2024 &#8211; The Real Brokerage Inc. Announces Settlement Agreement in Class Action Litigation</a></td>
        </tr>
    </table>
    <br>
    <hr width="100%" size="5" color="black" noshade="noshade">
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<head>
    <title>The Real Brokerage Inc.: Exhibit 99.1 - Filed by newsfilecorp.com</title>
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<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="text-align: center;"><font style="background-color: rgb(255, 255, 255); font-size: 14pt;"><b>The Real Brokerage Inc. Announces Settlement Agreement in Class <br>Action Litigation</b></font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">TORONTO &amp; NEW YORK - April 8, 2024 - The Real Brokerage Inc. (NASDAQ: REAX, "Real" or the "Company") today announced that it has entered into a settlement agreement to resolve the pending class action litigation, <i>Umpa v. NAR</i>, 4:23-cv-00945 (W.D. Mo.), on a nationwide basis.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">This settlement conclusively addresses all claims asserted against Real in the <i>Umpa</i> lawsuit, releasing Real, its subsidiaries, and affiliated agents from these claims. The settlement does not constitute an admission of liability by Real, nor does it concede or validate any of the claims asserted in the litigation.</font></p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">Under the terms of the settlement agreement, Real has committed to paying $9.25 million into a qualified settlement fund within 30 days following the court's preliminary approval of the settlement agreement. The Company does not foresee the settlement terms having a material impact on its future operations.</font></p>
    <p style="text-align: justify;">Additionally, Real has agreed to implement specific changes to its business practices. These changes include clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients. Real will also develop training materials to support these practice changes.</p>
    <p style="text-align: justify;"><font style="background-color: #ffffff;">The settlement agreement awaits preliminary and final court approval and will take effect upon such final approval.</font></p>
    <p style="margin-bottom: 0pt; text-align: justify;"><b>About Real</b></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;">Real (NASDAQ: REAX) is a real estate experience company working to make life's most complex transaction simple. The fast-growing company combines essential real estate, mortgage and closing services with powerful technology to deliver a single seamless end-to-end consumer experience, guided by trusted agents. With a presence in all 50 states throughout the U.S. and Canada, Real supports more than 16,000 agents who use its digital brokerage platform and tight-knit professional community to power their own forward-thinking businesses.</p>
    <p style="margin-bottom: 0pt; background-color: #ffffff; text-align: justify;"><font style="background-color: #ffffff;"><b>Forward-Looking Information</b></font></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; background-color: #ffffff; text-align: justify;"><font style="background-color: #ffffff;">This press release contains forward-looking information within the meaning of applicable </font><font style="background-color: #ffffff;">Canadian securities laws. Forward-looking information is often, but not always, identified by the </font><font style="background-color: #ffffff;">use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "likely" and </font><font style="background-color: #ffffff;">"intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or </font><font style="background-color: #ffffff;">be achieved and other similar expressions. These statements reflect management's current </font><font style="background-color: #ffffff;">beliefs and are based on information currently available to management as of the date hereof. </font><font style="background-color: #ffffff;">Forward-looking information in this press release includes, without limiting the foregoing, </font><font style="background-color: #ffffff;">expectations regarding the settlement and settlement agreement</font><font style="color: #3e3f3c; background-color: #ffffff;">.</font></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; background-color: #ffffff; text-align: justify;"><font style="background-color: #ffffff;"><br></font></p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="margin-bottom: 0pt; background-color: #ffffff; text-align: justify;"><font style="background-color: #ffffff;">Forward-looking information is based on assumptions that may prove to be incorrect, including </font><font style="background-color: #ffffff;">but not limited to Real's business objectives, expected growth, results of operations, </font><font style="background-color: #ffffff;">performance, business projects and opportunities and financial results. Real considers these </font><font style="background-color: #ffffff;">assumptions to be reasonable in the circumstances. However, forward-looking information is </font><font style="background-color: #ffffff;">subject to known and unknown risks, uncertainties and other factors that could cause actual </font><font style="background-color: #ffffff;">results, performance or achievements to differ materially from those expressed or implied in the </font><font style="background-color: #ffffff;">forward-looking information. Important factors that could cause such differences include, but are </font><font style="background-color: #ffffff;">not limited to, the settlement having an adverse impact on our operations. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.</font></p>
    <p style="margin-bottom: 0pt; background-color: #ffffff; text-align: justify;"><font style="background-color: #ffffff;">Investor inquiries, please contact:</font></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; background-color: #ffffff; text-align: justify;"><font style="background-color: #ffffff;">Ravi Jani</font></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; background-color: #ffffff; text-align: justify;"><font style="color: #1d1c1d;">Vice President, Investor Relations and Financial Planning &amp; Analysis</font></p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; background-color: #ffffff; text-align: justify;"><font style="background-color: #ffffff;">investors@therealbrokerage.com</font></p>
    <p style="margin-top: 0pt; background-color: #ffffff; text-align: justify;"><font style="background-color: #ffffff;">908.280.2515</font></p>
    <p style="margin-bottom: 0pt; background-color: #ffffff; text-align: justify;">For media inquiries, please contact:</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; background-color: #ffffff; text-align: justify;">Elisabeth Warrick</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; background-color: #ffffff; text-align: justify;">Senior Director, Marketing, Communications &amp; Brand</p>
    <p style="margin-top: 0pt; margin-bottom: 0pt; background-color: #ffffff; text-align: justify;">press@therealbrokerage.com</p>
    <p style="margin-top: 0pt; background-color: #ffffff; text-align: justify;">201.564.4221</p>
    <hr width="100%" size="5" color="black" noshade="noshade">
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