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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Record results achieved through strong organic growth of existing operations and expansion of United’s network using United’s proprietary Bullseye ™ productivity enhancement platform

DALLAS, Jul 29, 2021 / PRNewswire-PRWeb / – United Real Estate Group today announced better-than-forecast results across all key financial and operating indicators for each of its business units. June 30, 2021… In addition, the company successfully completed post-merger operational integration and initial deployments of Bullseye ™ Agent technology and Brokerage Productivity Platform in the newly merged companies, resulting in an average post-closure growth of 24% among these merged companies (agent growth), 44% (growth transactions) 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 exceptionally 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. “

“Across United Real Estate’s Through our 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 using traditional split-commission business models. This allows our agents to make a better livelihood while still responding to consumer demands for cheaper transactions and changes in the industry 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.
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Media contacts

April Gonzalez, United Real Estate, 214-277-9830, AGonzalez@UnitedRealEstate.com

SOURCE United Real Estate

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