HousingWireHousingWire
One of the nation’s fastest-growing real estate brokerages announced a pending leadership change on Wednesday. Sharran Srivatsaa, president of The Real Brokerage, will be transitioning from his current role to the company’s board of directors effective June 1.
The move was announced via email to Real’s 26,000-plus agents and comes at a time when the brokerage continues to experience explosive growth in its agent count and revenue.
“Sharran’s leadership, vision and deep commitment to Real’s mission have been instrumental in shaping the company’s culture and growth trajectory,” Tamir Poleg, Real’s chairman and CEO, said in a statement.
“We are incredibly grateful for his contributions and excited that he will continue to play a critical role in shaping our strategy as a member of the Board of Directors. His insight and advocacy for agents will remain invaluable as we continue to build the real estate platform of the future.”
In his new role as a board member, Srivatsaa will focus on agent success initiatives. The company’s announcement explained that he will work to ensure a seamless leadership transition over the next few months.
“Real has never been in a stronger position to empower agents through its innovative business model, proprietary technology and collaborative, entrepreneurial culture,” Srivatsaa said in a statement.
“While stepping away from my day-to-day role as President is bittersweet, I am incredibly confident in the strength of our leadership team and the trajectory of our company. I look forward to continuing to support Real in this next chapter as a Board member, ensuring that we remain focused on delivering unmatched value to our agents, partners and shareholders.”
Since joining Real in late 2022, Srivatsaa has led the company through a period of eye-catching growth. In July 2024, in conjunction with its 10th anniversary, Real announced that it had surpassed 20,000 agents in total, adding more than 1,000 agents per month in the first half of the year.
According to 2023 data from RealTrends Verified, Real was the nation’s fastest-growing brokerage by transaction sides and sales volume. The brokerage closed nearly 49,000 sides that year, up from 34,000 in 2022. Its volume soared from $14.4 billion to $21.2 billion during the same period.
Real’s most recent earnings report showed that the brokerage grew its agent count to 24,140 at the end of 2024 — up 77% from the end of 2023. A key factor in this growth is its private-label program, which launched last year and allows brokerage affiliates to keep their branding. About 40 independent brokerages with roughly 2,200 agents in total have joined Real under the program.
Real is also seeking to grow its presence in the mortgage business. It more than tripled its mortgage revenue last year while growing its loan officer count from 18 to 90, according to its earnings report.
