Dallas, Texas – United Real Estate Group announced today better-than-guidance performance for all key financial and operational performance indicators across each of its business units through June 30th, 2021. In addition, the company successfully completed the post-merger operational integration and initial Bullseye™ Agent and Brokerage Productivity Platform technology rollout to recently merged companies, resulting in average growth among those merged companies post-closing of 24% (agent growth), 44% (transaction growth) and 65% (EBITDA growth).
Key Financial
and Operational Performance Metrics Through June 30th, 2021
|
YTD |
YTD |
YTD June |
Agents |
7,908 |
14,772 |
87% |
Revenues (millions) |
$26.810 |
$153.399 |
472% |
Transactions |
18,012 |
37,017 |
106% |
$ Transactions (billions) |
$4.032 |
$8.465 |
110% |
Agent commissions earned (millions) |
$17.726 |
$118.166 |
567% |
·
Agent growth increased 87% YTD from 7,908
agents at the close of June 2020 to 14,772 agents at the close of June 2021.
·
Total revenues increased 472% YTD from
$26.81 million at the close of June 2020 to $153.40 million at the close of
June 2021.
·
Transaction count increased 106% YTD from 18,012
at the close of June 2020 to 37,017 at the close of June 2021.
·
Transaction volume increased 110% YTD from
$4.032 billion at the close of June 2020 to $8.465 billion at the close of June
2021.
· Agent commissions earned increased 567% YTD from $17.73 million at the close of June 2020 to $118.17 million at the close of June 2021.
“Our team has
spent a decade under the radar doing the heavy lifting to refine our business
model, deploy our proprietary cloud-based technology stack and build the operational
infrastructure to become an Exceptionally
High Growth Organization. We are now realizing the benefits of the efforts of our
talented group of dedicated professionals,” said Dan Duffy, CEO of United Real
Estate Group.
“We’ve
built remarkable scalability and efficiency into United’s technology, support
and operational platform. As our growth accelerates, the financial and
operational leverage is being realized and margins are expanding even as
revenues accelerate. It is really exciting to see everyone’s diligent efforts
paying off in so many ways to the benefit of our agents, brokers and their
clients.”
“The scale
of our business now allows us to double down on investments in innovation with
a regular cadence and enhance our value proposition to our stakeholders. We are
adding new resources, tools and core services to our already robust technology-enabled
business services platform. All these efforts are made more efficient with
greater effectiveness as a result of moving our technology stack to the cloud.”
“Through United
Real Estate’s unique, proprietary marketing and technology platform and our low
agent fee, full-support business model, we have
facilitated nearly a quarter billion more of commission income to our affiliated
agents than they would have received from traditional commission-split business
models. This allows our agents to earn a better living while still being
responsive to consumer demands for lower-cost transactions and industry-wide
changes as they evolve. Empowering our network of brokers and agents to be
nimble and responsive to consumers is a hallmark of our network and our
penultimate goal.”
To learn
more about United Real Estate, brokerage succession planning, brokerage
valuation and sale or franchising opportunities, visit GrowWithUnited.com
or call 888-960-0606.
Agents
interested in learning about career opportunities with United Real Estate can
visit JoinUnitedRealEstate.com
or call 888-960-0606.
About
United Real Estate
United
Real Estate (United) – a division of United Real Estate Group – was founded
with the purpose of offering solutions to real estate brokers and agents in the
rapidly changing real estate brokerage industry. United provides the latest
training, marketing and technology tools to agents and brokers under a
flat-fee, transaction-based agent commission model. By leveraging the company’s
proprietary cloud-based Bullseye™ Agent & Broker Productivity Platform,
United delivers a more profitable outcome for agents and brokers. United Real
Estate operates in 27 states with more than 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, Benchmark Realty, Virtual Properties Realty and United Country
Real Estate, addressing the unique market needs of suburban, major metropolitan
urban and rural markets. Utilizing the cloud-based Bullseye™ Agent & Broker
Productivity Platform, UREG offers the latest training, marketing and
technology tools producing a significant competitive advantage. The platform
realizes a decade-long investment in virtual agent and brokerage technology
services and is powered by a 1.8+ million listings data warehouse generating
over 3 million monthly visitors and 30,000 leads per year. Together, the United
Real Estate Group supports more than 600 offices and 15,000 real estate and
auction professionals across four continents. Through its in-house advertising
agency, UREG offers differentiating marketing support and collateral for
specialized lifestyle property websites as well as access to a 650,000+ opt-in
buyer database. For more information about United Real Estate or United Country
Real Estate, please visit UnitedRealEstate.com
or UnitedCountry.com.