Family-led independent brokerage brings 400
agents and $11 billion in lifetime sales
The Real Brokerage Inc. (NASDAQ: REAX), a technology platform
reshaping real estate for agents, home buyers and sellers, today
announced that Urban Nest Realty, Las Vegas’ No. 1 real estate
branch, has joined Real. The powerhouse team, led by industry
trailblazers David J. Tina, David R. Tina and Angela Tina,
strengthens Real’s footprint in the Las Vegas real estate market.
Urban Nest’s 400 agents bring an unrivaled depth of expertise,
including a strong focus on the metro’s booming luxury sector.
After years of working at other brokerages, including building
the top-producing office in Las Vegas, the Tinas, each a top
producer individually, founded Urban Nest in 2012 as a
purpose-driven brokerage focused on putting agents first. By
nurturing a culture built on community, unparalleled training and
education, and a commitment to supporting all aspects of its
agents’ lives, Urban Nest quickly grew and gained a reputation for
attracting the market’s top producers. To date, it has closed over
35,000 home sales valued at over $11 billion, including 2,500
transactions valued at $1.5 billion in 2023.
Based on this success, Urban Nest has garnered numerous
accolades over the past 13 years, including being recognized as
Vegas Inc.’s Agency of the Year in 2021 and Agents of the Year in
2023.
“Urban Nest Realty joining Real marks an extraordinary milestone
for both organizations,” said Real President Sharran Srivatsaa.
“The Tinas are true icons in Las Vegas real estate—not only for
their remarkable professional success but also for their unwavering
commitment to an agent-first philosophy and fostering a culture of
family and excellence. Their selective approach to building a
high-performing team and their dedication to the well-being of
their agents make them a natural fit for Real’s mission. As part of
the same team, we will be able to amplify what’s possible in a way
that creates value and elevates the entire industry.”
The catalyst, David J. Tina, Chief Visionary Officer and
Broker-Owner of Urban Nest Realty, is a driving force in the real
estate industry and a cornerstone of its success. Launching his
real estate career in 2002, Tina quickly distinguished himself by
opening and expanding a branch from 0 to 200 agents in under 18
months. In 2012, he founded Urban Nest Realty, transforming it into
a powerhouse with over 400 agents and earning the distinction of
being Las Vegas’ #1 branch for the past three years.
Beyond Urban Nest, Tina’s influence extends to the broader real
estate community. He served as a former President of Las Vegas
Realtors and was inducted into the Las Vegas Realtor Hall of Fame
in 2018. Also recognized by Vegas Inc. as a “40 Under 40” honoree,
he operates a highly successful coaching and consulting company
dedicated to empowering Realtors and entrepreneurs.
David R. Tina brings 40 years of industry experience,
transitioning to residential real estate full time in 1997
following a 20-year career as a New York City firefighter. In
addition to quickly becoming one of Las Vegas’ top 5 Realtors and
building the No. 1 branch for a real estate lifestyle brand, the
elder Tina has served in a number of industry leadership roles,
including President of Las Vegas Realtors, Nevada Realtors
Association President and Chair of the National Association of
Realtors’ Broker Involvement Council. Currently he serves as
Nevada’s Real Estate Commissioner, a position he was appointed to
by Gov. Joseph Lombardo in 2021. He was inducted into the Las Vegas
Real Estate Hall of Fame in 2015, and the following year he was
recognized as Realtor of the Year by the Nevada Realtors
Association.
Angela Tina also has built a distinguished real estate career
bringing over 18 years in the industry. Recognized as one of Las
Vegas’ top luxury agents, she is a Las Vegas Hall of Fame recipient
by both the Women’s Council of Realtors and Young Professionals
Network.
Dave and Angela’s team AT Luxury is ranked as a Top 15 team,
having gained a reputation for delivering unparalleled service and
expertise that have led to sales of more than $500 million in the
last 10 years. Both David and Angela will be part of Real Luxury,
which serves the unique needs of luxury agents and their
clients.
“If Urban Nest were a publicly traded cloud brokerage, we would
be Real. Our values are completely aligned,” said David J. Tina on
his firm’s decision to move to Real. “This is a case where 1+1
equals 100. We amplify each other and the synergies are
unparalleled. Real provides the opportunity for our agents to build
their networks and long-term wealth and for Urban Nest to grow
beyond our walls. At the same time, Real gains a significant
presence throughout the Las Vegas market.”
About Real
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 throughout the U.S. and Canada, Real supports more than
23,000 agents who use its digital brokerage platform and tight-knit
professional community to power their own forward-thinking
businesses.
Forward-Looking Information
This press release contains forward-looking information within
the meaning of applicable Canadian securities laws. Forward-looking
information is often, but not always, identified by the use of
words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”,
“expect”, “likely” and “intend” and statements that an event or
result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions. These statements reflect
management’s current beliefs and are based on information currently
available to management as of the date hereof. Forward-looking
information in this press release includes, without limiting the
foregoing, expectations regarding Real’s ability to continue to
attract agents. Forward-looking information is based on assumptions
that may prove to be incorrect, including but not limited to Real’s
business objectives, expected growth, results of operations,
performance, business projects and opportunities and financial
results. Real considers these assumptions to be reasonable in the
circumstances. However, forward-looking information is subject to
known and unknown risks, uncertainties and other factors that could
cause actual results, performance or achievements to differ
materially from those expressed or implied in the forward-looking
information. Important factors that could cause such differences
include, but are not limited to, slowdowns in real estate markets,
economic and industry downturns, Real’s ability to attract new
agents and retain current agents and those risk factors discussed
under the heading “Risk Factors'' in the Company’s Annual
Information Form dated March 14, 2024, a copy of which is available
under the Company’s SEDAR+ profile at www.sedarplus.ca. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241217070173/en/
Investor inquiries, please contact: Ravi Jani Vice President,
Investor Relations and Financial Planning & Analysis
investors@therealbrokerage.com 908.280.2515 For media inquiries,
please contact: Elisabeth Warrick Senior Director, Marketing,
Communications & Brand elisabeth@therealbrokerage.com
201.564.4221
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