0001493152-26-008771
SEC filingThe Real Brokerage Inc. (REAX), a British Columbia-based foreign private issuer operating in the real estate technology sector (SIC 7370), filed its Annual Report on Form 40-F with the SEC on March 4, 2026, covering the fiscal year ended December 31, 2025. This filing, made under the multi-jurisdictional disclosure system (MJDS), incorporates key documents including the Annual Information Form (Exhibit 99.1), audited annual financial statements (Exhibit 99.2), and Management's Discussion and Analysis (Exhibit 99.3). The company reports 210,478,399 common shares outstanding as of year-end, traded on Nasdaq under REAX. As a non-emerging growth company, it confirms compliance with SEC reporting requirements, including electronic filing of Interactive Data Files and attestation of internal controls under SOX 404(b). The filing includes extensive forward-looking statements about business strategies, growth in ancillary services like One Real Title, One Real Mortgage, and Real Wallet, technology developments such as HeyLeo and Leo CoPilot, and market expectations in real estate. These are tempered by significant risk disclosures, including macroeconomic pressures, interest rate impacts, competition, agent retention, cybersecurity, regulatory changes, antitrust litigation, and operational challenges. The company emphasizes differences in Canadian vs. U.S. reporting practices and cautions against undue reliance on projections. Principal executive offices are in Miami, FL, with U.S. agent Cogency Global Inc. in New York. This routine annual filing provides comprehensive disclosure for U.S. investors while leveraging MJDS efficiencies, with no indications of material errors, restatements, or incentive compensation recoveries.