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The Real Brokerage Inc. (NASDAQ:REAX) has maintained a Buy rating from William Blair analyst Stephen Sheldon. The company's fiscal Q3 2025 results showed a 52.64% YoY revenue growth to $568.55 million, exceeding analysts' expectations. Sheldon attributed the growth to a 50% increase in closed transactions, supported by a record number of agents on the platform. The company ended the quarter with 30,100 agents, up 39% YoY, and gross profit grew 40% during the same time to $45 million.

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