Sharran Srivatsaa will transition to new role at The Real Brokerage
“Sharran’s
leadership,
vision
and
deep
commitment
to
Real’s
mission
have
been
instrumental
in
shaping
the
company’s
culture
and
growth
trajectory,”
Tamir
Poleg,
Real’s
chairman
and
CEO,
said
in
a
statement.
“We
are
incredibly
grateful
for
his
contributions
and
excited
that
he
will
continue
to
play
a
critical
role
in
shaping
our
strategy
as
a
member
of
the
Board
of
Directors.
His
insight
and
advocacy
for
agents
will
remain
invaluable
as
we
continue
to
build
the
real
estate
platform
of
the
future.”
In
his
new
role
as
a
board
member,
Srivatsaa
will
focus
on
agent
success
initiatives.
The
company’s
announcement
explained
that
he
will
work
to
ensure
a
seamless
leadership
transition
over
the
next
few
months.
“Real
has
never
been
in
a
stronger
position
to
empower
agents
through
its
innovative
business
model,
proprietary
technology
and
collaborative,
entrepreneurial
culture,”
Srivatsaa
said
in
a
statement.
“While
stepping
away
from
my
day-to-day
role
as
President
is
bittersweet,
I
am
incredibly
confident
in
the
strength
of
our
leadership
team
and
the
trajectory
of
our
company.
I
look
forward
to
continuing
to
support
Real
in
this
next
chapter
as
a
Board
member,
ensuring
that
we
remain
focused
on
delivering
unmatched
value
to
our
agents,
partners
and
shareholders.”
Since
joining
Real
in
late
2022,
Srivatsaa
has
led
the
company
through
a
period
of
eye-catching
growth.
In
July
2024,
in
conjunction
with
its
10th
anniversary,
Real
announced
that
it
had
surpassed
20,000
agents
in
total,
adding
more
than
1,000
agents
per
month
in
the
first
half
of
the
year.
According
to
2023
data
from
RealTrends
Verified,
Real
was
the
nation’s
fastest-growing
brokerage
by
transaction
sides
and
sales
volume.
The
brokerage
closed
nearly
49,000
sides
that
year,
up
from
34,000
in
2022.
Its
volume
soared
from
$14.4
billion
to
$21.2
billion
during
the
same
period.
Real’s
most
recent
earnings
report
showed
that
the
brokerage
grew
its
agent
count
to
24,140
at
the
end
of
2024
—
up
77%
from
the
end
of
2023.
A
key
factor
in
this
growth
is
its
private-label
program,
which
launched
last
year
and
allows
brokerage
affiliates
to
keep
their
branding.
About
40
independent
brokerages
with
roughly
2,200
agents
in
total
have
joined
Real
under
the
program.
Real
is
also
seeking
to
grow
its
presence
in
the
mortgage
business.
It
more
than
tripled
its
mortgage
revenue
last
year
while
growing
its
loan
officer
count
from
18
to
90,
according
to
its
earnings
report.