United Real Estate Group reports 2Q2021 results with outstripping growth in revenue, gross margin and profit; Company growth for fiscal 2021

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DALLAS, Jul 29, 2021 / PRNewswire / – United Real Estate Group today announced better than expected results on all key financial and operating metrics across each of its business units. 30 Juneth, 2021. In addition, the company has successfully completed the operational integration after the merger and the initial version of Bullseye Implementation of agent and broker productivity platform technology in newly merged companies, resulting in average post-closure growth among these combined companies of 24% (agent growth), 44% (transaction growth) and 65% (EBITDA growth).

Key financial and operational performance indicators June 30, 2021

  • Agent growth is up 87% YTD, up from 7,908 at close. June 2020 14,772 to agents at the close June 2021
  • Total revenue increased by 472% YTD. USD 26.81 million USA in the end June 2020 To USD 153.40 million USA in the end June 2021
  • The number of transactions increased by 106% YTD from 18,012 at the close. June 2020 up to 37,017 at the close June 2021
  • Transaction volume increased 110% YTD from $ 4.032 billion in the end June 2020 To $ 8.465 billion in the end June 2021
  • Earned agency commissions increased by 567% YTD. $ 17.73 million USA in the end June 2020 To $ 118.17 million USA in the end June 2021

“Our team has spent ten years in the shadows doing the hard work of perfecting our business model, deploying our proprietary cloud technology stack, and building the operational infrastructure to become An extremely fast growing organization. We now recognize the benefits of the efforts of our talented group of dedicated professionals, “said Dan Duffy, CEO of United Real Estate Group.

“We have achieved remarkable scalability and efficiency in United’s technology, technical support and operating platform. As our growth accelerates, financial and operating leverage is realized and margins increase even as income rises. It is very interesting to see how all the diligent efforts pay off in various ways for the benefit of our agents, brokers and their clients. “

“The scale of our business now allows us to regularly double our investment in innovation and increase our value proposition to our stakeholders. We are adding new resources, tools and core services to our already robust technology-driven business services platform. All of these efforts are made more efficient by moving our technology stack to the cloud. ”

“Through United Real Estate’s unique proprietary marketing and technology platform and our low-commission, full-backed business model, we have generated nearly a quarter billion more in commission income for our affiliates than they would have received from a traditional commission-sharing business. This allows our agents to make more for a living without losing the ability to respond to consumer demands for cheaper transactions and industry changes as they evolve. Empowering our network of brokers and agents to be flexible and responsive to consumer demands is a hallmark of our network and our penultimate goal. “

To learn more about United Real Estate, broker succession planning, brokerage valuation and sale, or franchising opportunities, visit GrowWithUnited.com or call 888-960-0606.

Agents interested in learning about career opportunities at United Real Estate may visit JoinUnitedRealEstate.com or call 888-960-0606.

About United Real Estate

United Real Estate (United) – a division of the United Real Estate Group – was founded with the goal of providing solutions for brokers and real estate agents in the rapidly changing brokerage industry. United provides agents and brokers with the latest training, marketing and technology tools through a transaction-based flat fee model. By leveraging its proprietary Bullseye ™ cloud-based agent and broker productivity platform, United is delivering more profitable results for agents and brokers. United Real Estate operates in 27 states with over 100 offices and over 11,400 agents.

About United Real Estate Group

United Real Estate Group (UREG) operates United Real Estate, Charles Rutenberg Realty Fort Lauderdale, Reference real estate, Virtual Property Real Estate and United Country Real Estatemeeting the unique needs of suburban, large urban and rural markets. Using the Bullseye ™ cloud-based agent and broker productivity platform, UREG offers the latest training, marketing and technology tools to provide a significant competitive advantage. The platform realizes a decade of investment in virtual agent services and brokerage technology, and is powered by 1.8+ million listings data stores generating over 3 million visitors per month and 30,000 leads per year. Together, United Real Estate Group supports over 600 offices and 15,000 real estate and auction professionals on four continents. Through its own advertising agency, UREG offers differentiated marketing support and provisioning for specialized real estate websites, as well as access to a customer database with over 650,000 subscriptions. For more information on United Real Estate or United Country Real Estate visit UnitedRealEstate.com or UnitedCountry.com

For more information:
April Gonzalez, Media and investor relations
[email protected]
214-277-9830

SOURCE United Real Estate Group

Related links

http://UnitedCountry.com

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