The Real Brokerage Inc. (REAX) 6-K 7 Nov 24 Current report (foreign) Financial data

Cover

Cover	9 Months Ended
	Sep. 30, 2024
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-40442
Entity Registrant Name	THE REAL BROKERAGE INC.
Entity Central Index Key	0001862461
Entity Address, Address Line One	701 Brickell Avenue
Entity Address, Address Line Two	17th Floor
Entity Address, Address Line Three	Miami
Entity Address, State or Province	FL
Entity Address, Country	US
Entity Address, Postal Zip Code	33131

Interim Condensed Consolidated

Interim Condensed Consolidated Statements of Financial Positions (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 21,580	$ 14,707
Restricted cash	27,516	12,948
Funds held in restricted escrow account	9,250
Investments in financial assets	10,398	14,222
Trade receivables	17,305	6,441
Other receivables	43	63
Prepaid expenses and deposits	2,391	2,132
TOTAL CURRENT ASSETS	88,483	50,513
NON-CURRENT ASSETS
Intangible assets	2,788	3,442
Goodwill	8,993	8,993
Property and equipment	2,209	1,600
TOTAL NON-CURRENT ASSETS	13,990	14,035
TOTAL ASSETS	102,473	64,548
CURRENT LIABILITIES
Accounts payable	1,133	571
Accrued liabilities	30,991	13,374
Customer deposits	27,516	12,948
Other payables	12,843	302
TOTAL CURRENT LIABILITIES	72,483	27,195
NON-CURRENT LIABILITIES
Warrants outstanding		269
TOTAL NON-CURRENT LIABILITIES		269
TOTAL LIABILITIES	72,483	27,464
EQUITY ATTRIBUTABLE TO OWNERS
Share premium	67,683	62,567
Stock-based compensation reserves	61,255	52,937
Deficit	(98,103)	(78,205)
Other reserves	195	(167)
Treasury stock, at cost	(1,228)	(257)
EQUITY ATTRIBUTABLE TO OWNERS	29,802	36,875
Non-controlling interests	188	209
TOTAL EQUITY	29,990	37,084
TOTAL LIABILITIES AND EQUITY	$ 102,473	$ 64,548

Interim Condensed Consolidate_2

Interim Condensed Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Profit or loss [abstract]
Revenues	$ 372,488	$ 214,640	$ 914,009	$ 507,817
Commissions and other agent-related costs	340,359	195,865	829,253	460,475
Gross Profit	32,129	18,775	84,756	47,342
General and administrative expenses	16,301	9,234	42,452	27,526
Marketing expenses	15,261	11,577	43,779	29,527
Research and development expenses	3,045	1,931	8,115	5,034
Settlement of litigation			9,250
Operating Loss	(2,478)	(3,967)	(18,840)	(14,745)
Other income	151	38	381	106
Finance expenses, net	(214)	(10)	(1,289)	(587)
Net Loss	(2,541)	(3,939)	(19,748)	(15,226)
Net income attributable to noncontrolling interests	45	85	150	311
Net Loss Attributable to the Owners of the Company	(2,586)	(4,024)	(19,898)	(15,537)
Other comprehensive income/(loss):
Cumulative (gain)/loss on investments in debt instruments classified as FVTOCI reclassified to profit or loss	3	79	97	214
Foreign currency translation adjustment	(230)	(52)	265	10
Total Comprehensive Loss Attributable to Owners of the Company	(2,813)	(3,997)	(19,536)	(15,313)
Total Comprehensive Income Attributable to NCI	45	85	150	311
Total Comprehensive Loss	$ (2,768)	$ (3,912)	$ (19,386)	$ (15,002)
Loss per share
Basic loss per share	$ (0.01)	$ (0.02)	$ (0.11)	$ (0.09)
Diluted loss per share	$ (0.01)	$ (0.02)	$ (0.11)	$ (0.09)
Weighted-average shares, basic	196,668	180,611	188,864	180,158
Weighted-average shares, diluted	196,668	180,611	188,864	180,158

Interim Condensed Consolidate_3

Interim Condensed Consolidated Statement of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Share premium [member]	Reserve of share-based payments [member]	Reserve of exchange differences on translation [member]	Revaluation surplus [member]	Retained earnings [member]	Treasury shares [member]	Equity attributable to owners of parent [member]	Non-controlling interests [member]	Total
Balance at Dec. 31, 2022	$ 63,204	$ 25,083	$ 290	$ (759)	$ (50,704)	$ (14,962)	$ 22,152	$ 263	$ 22,415
IfrsStatementLineItems [Line Items]
Total loss and income					(15,537)		(15,537)	311	(15,226)
Total other comprehensive income			10	214			224		224
Member Draws								(303)	(303)
Acquisition of commons shares for Restricted Share Unit (RSU) Plan						(1,761)	(1,761)		(1,761)
Release of treasury shares	(15,798)					15,798
Issuance of Restricted Share Units	11,121	(11,121)
Exercise of stock options	873	(281)					592		592
Equity-settled share-based payment		18,980					18,980		18,980
Balance at Sep. 30, 2023	59,400	32,661	300	(545)	(66,241)	(925)	24,650	271	24,921
Balance at Dec. 31, 2023	62,567	52,937	262	(429)	(78,205)	(257)	36,875	209	37,084
IfrsStatementLineItems [Line Items]
Total loss and income					(19,898)		(19,898)	150	(19,748)
Total other comprehensive income			265	97			362		362
Member Draws								(171)	(171)
Acquisition of commons shares for Restricted Share Unit (RSU) Plan						(30,336)	(30,336)		(30,336)
Release of treasury shares	(29,365)					29,365
Issuance of Restricted Share Units	24,273	(24,273)
Exercise of stock options	10,572	(4,955)					5,617		5,617
Exercise of warrants	1,113	(251)					862		862
Shares withheld for taxes	(1,477)						(1,477)		(1,477)
Equity-settled share-based payment		37,797					37,797		37,797
Balance at Sep. 30, 2024	$ 67,683	$ 61,255	$ 527	$ (332)	$ (98,103)	$ (1,228)	$ 29,802	$ 188	$ 29,990

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
OPERATING ACTIVITIES
Net Loss	$ (2,541)	$ (3,939)	$ (19,748)	$ (15,226)
Adjustments for:
Depreciation and amortization	358	277	1,024	830
Equity-settled share-based payment	15,417	7,144	37,797	18,980
Finance costs	(33)	(143)	638	156
Changes in operating asset and liabilities:
Funds Held in Restricted Escrow Account			(9,250)
Trade receivables	1,326	(614)	(10,864)	(992)
Other receivables	13	(23)	20	(1)
Prepaid expenses and deposits	(850)	(266)	(259)	(796)
Accounts payable	(63)	(493)	562	179
Accrued liabilities	(2,638)	2,654	17,617	12,068
Customer deposits	(5,608)	(13,247)	14,568	8,852
Other payables	1,815	718	12,541	1,684
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	7,196	(7,932)	44,646	25,734
INVESTING ACTIVITIES
Purchase of property and equipment	(367)	(197)	(964)	(448)
Investment Deposits in Debt Instruments held at FVTOCI	(1,134)	(3,037)	(2,847)	(6,766)
Investment Withdrawals in Debt Instruments held at FVTOCI	1,014		6,766	845
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(487)	(3,234)	2,955	(6,369)
FINANCING ACTIVITIES
Purchase of common shares for Restricted Share Unit (RSU) Plan	(15,110)	(350)	(30,336)	(1,761)
Shares withheld for taxes	(736)		(1,477)
Proceeds from exercise of stock options	1,994	380	5,617	592
Payment of lease liabilities				(96)
Payment of contingent consideration				(800)
Cash disbursements for non-controlling interest	(119)	(303)	(171)	(303)
NET CASH USED IN FINANCING ACTIVITIES	(13,971)	(273)	(26,367)	(2,368)
Net change in cash, cash equivalents and restricted cash	(7,262)	(11,439)	21,234	16,997
Cash, cash equivalents and restricted cash, beginning of period	56,440	46,745	27,655	18,327
Fluctuations in foreign currency	(82)	33	207	15
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, ENDING BALANCE	49,096	35,339	49,096	35,339
SUPPLEMENTAL DISCLOSURE OF NON CASH ACTIVITIES
Cashless exercise of warrants	$ 485		$ 862

GENERAL INFORMATION

GENERAL INFORMATION	9 Months Ended
	Sep. 30, 2024
General Information
GENERAL INFORMATION	1. GENERAL INFORMATION The Real Brokerage Inc. (“ Real Company technology product, Company-branded The consolidated operations of Real include the subsidiaries of Real, including those involved in the brokerage, title and mortgage broker operations. On May 19, 2022, the Company announced that it renewed its normal course issuer bid (“ NCIB NASDAQ 8.9 Common Shares 5 178.3 9.0 5 180 9.47 5 189 The NCIB is being conducted to acquire Common Shares for the purposes of satisfying restricted share unit (each, an “ RSU Trustee

SUMMARY OF MATERIAL ACCOUNTING

SUMMARY OF MATERIAL ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Summary Of Material Accounting Policies
SUMMARY OF MATERIAL ACCOUNTING POLICIES	2. SUMMARY OF MATERIAL ACCOUNTING POLICIES The material accounting policies applied in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended December 31, 2023. A. Basis of preparation The unaudited interim condensed consolidated financial statements have been prepared in accordance with IAS 34, Interim Financial Reporting as issued by the International Accounting Standards Board (IASB). The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual consolidated financial statements and should be read in conjunction with the Company’s annual audited consolidated financial statements for the period ended December 31, 2023. These unaudited interim condensed consolidated financial statements were authorized for issuance by the Company’s Board of Directors on November 4, 2024. All dollar amounts are in U.S. dollars unless otherwise stated. THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED B. Recent Accounting Pronouncements In April 2024, the IASB issued IFRS 18 “Presentation and Disclosure in Financial Statements” (“IFRS 18”). IFRS 18 mainly introduces three sets of requirements to give investors more transparent and comparable information about companies’ financial performance: additional subtotals with newly defined categories for classifying income and expenses in the statement of profit or loss, disclosures about management-defined performance measures, and enhanced requirements for more useful grouping of information in the financial statements. IFRS 18 will replace IAS 1 and will be effective for annual periods beginning on or after January 1, 2027. The impact of IFRS 18 on Real’s consolidated financial statements is being evaluated.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2024
Revenue
REVENUE	3. REVENUE In the following table, revenue (in thousands) from contracts with customers is disaggregated by major service lines. SCHEDULE OF REVENUE STREAMS AND DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Main revenue streams Commissions 369,890 213,319 907,716 504,456 Title 1,400 964 3,450 2,510 Mortgage Income 1,198 357 2,843 851 Total Revenue 372,488 214,640 914,009 507,817 Timing of Revenue Recognition Products and Services Transferred at a Point in Time 372,488 214,640 914,009 507,817 Revenue from Contracts with Customers 372,488 214,640 914,009 507,817 THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED

EXPENSES BY NATURE

EXPENSES BY NATURE	9 Months Ended
	Sep. 30, 2024
Expenses By Nature
EXPENSES BY NATURE	4. EXPENSES BY NATURE In the following table, cost of sales represents real estate commissions paid to the Company’s agents, as well as to outside brokerages in Canada, and Title Fee Expenses (in thousands). SCHEDULE OF ATTRIBUTION OF EXPENSES BY NATURE TO THEIR FUNCTION Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Commissions and other agent-related costs 340,359 195,865 829,253 460,475 Operating Expenses General and Administrative Expenses 16,301 9,234 42,452 27,526 Salaries and Benefits 7,314 4,740 19,748 13,907 Stock Based Compensation 2,825 203 6,245 2,290 Administrative Expenses 1,066 1,227 2,835 2,817 Professional Fees 3,917 2,179 10,339 5,794 Depreciation and Amortization Expense 358 277 1,024 830 Other General and Administrative Expenses 821 608 2,261 1,888 Marketing Expenses 15,261 11,577 43,779 29,527 Salaries and Benefits 279 230 721 540 Stock Based Compensation for Employees 6 13 11 35 Stock Based Compensation for Agents 2,665 2,769 7,137 5,950 Revenue Share 11,651 7,946 33,190 21,064 Other Marketing and Advertising Cost 660 619 2,720 1,938 Research and Development Expenses 3,045 1,931 8,115 5,034 Salaries and Benefits 1,681 1,131 4,394 2,537 Stock Based Compensation 308 69 641 193 Other Research and Development 1,056 731 3,080 2,304 Settlement of Litigation — — 9,250 — Total Cost of Sales and Operating Expenses 374,966 218,607 932,849 522,562 Finance Expenses The following table provides a detailed breakdown of finance costs (in thousands) as reported in the Condensed Consolidated Statement of Income (Loss): SCHEDULE OF FINANCE COST Three Months Ended September 30, Nine Months Ended September 30, Description 2024 2023 2024 2023 Change in Fair Value of Warrants Outstanding 129 (78 ) 600 4 Realized Losses (Gains) 4 14 2 99 Bank Fees 245 153 556 431 Finance Costs (164 ) (80 ) 131 53 Total Finance Expenses 214 10 1,289 587 THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED

OPERATING SEGMENTS DISCLOSURES

OPERATING SEGMENTS DISCLOSURES	9 Months Ended
	Sep. 30, 2024
Operating Segments Disclosures
OPERATING SEGMENTS DISCLOSURES	5. OPERATING SEGMENTS DISCLOSURES The businesses of the Company are divided operationally into three identified operating segments: North American Brokerage, One Real Title and One Real Mortgage. North American Brokerage generates revenue by processing real estate transactions which entitles the Company to commissions. One Real Title generates revenue by offering title insurance and closing services for residential and/or commercial transactions. One Real Mortgage derives revenue from premiums associated with facilitating mortgage transactions between borrowers and lenders. The Company has identified one reportable segment, North American Brokerage which comprises more than 90% of total revenue and net loss. The other two segments, One Real Title and One Real Mortgage are not considered reporting segments as their revenue and net loss do not meet the quantitative threshold set for reporting segments. These two segments are disclosed in an ‘other segments’ category below. The Company uses judgement in determining its operating segments by taking into consideration the Chief Operating Decision Maker’s (“CODM”) assessment of overall performance and decisions such as resource allocations and delegation of authority. The CODM is the Company’s Chief Executive Officer. The presentation in this note for prior periods has been restated based on the current segment reporting. Segment performance is evaluated based on income (loss) from operations and is measured consistently with income or loss in the consolidated financial statements. The following tables present significant information about the Company’s reportable operating segments as reported to the Company’s CODM: SCHEDULE OF OPERATING SEGMENTS For the Three Months Ended September 30, 2024 North American Brokerage Other Segments Total Revenues 369,890 2,598 372,488 Commissions and other agent-related costs 339,507 852 340,359 Gross Profit 30,383 1,746 32,129 General and administrative expenses 13,592 2,709 16,301 Marketing expenses 15,240 21 15,261 Research and development expenses 3,010 35 3,045 Litigation expenses Operating Loss (1,459 ) (1,019 ) (2,478 ) Other income (expenses), net 151 - 151 Finance expenses, net (189 ) (25 ) (214 ) Net Loss (1,497 ) (1,044 ) (2,541 ) THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED For the Nine Months Ended September 30, 2024 North American Brokerage Other Segments Total Revenues 907,716 6,293 914,009 Commissions and other agent-related costs 827,243 2,010 829,253 Gross Profit 80,473 4,283 84,756 General and administrative expenses 35,283 7,169 42,452 Marketing expenses 43,697 82 43,779 Research and development expenses 8,016 99 8,115 Litigation expenses 9,250 - 9,250 Operating Loss (15,773 ) (3,067 ) (18,840 ) Other income (expenses), net 381 - 381 Finance expenses, net (1,230 ) (59 ) (1,289 ) Net Loss (16,622 ) (3,126 ) (19,748 ) For the Three Months Ended September 30, 2023 North American Brokerage Other Segments Total Revenues 213,319 1,321 214,640 Commissions and other agent-related costs 195,492 373 195,865 Gross Profit 17,827 948 18,775 General and administrative expenses 7,513 1,721 9,234 Marketing expenses 11,537 40 11,577 Research and development expenses 1,910 21 1,931 Operating Loss (3,133 ) (834 ) (3,967 ) Other income (expenses), net 38 — 38 Finance expenses, net (15 ) 5 (10 ) Net Loss (3,110 ) (829 ) (3,939 ) For the Nine Months Ended September 30, 2023 North American Brokerage Other Segments Total Revenues 504,456 3,361 507,817 Commissions and other agent-related costs 459,559 916 460,475 Gross Profit 44,897 2,445 47,342 General and administrative expenses 22,597 4,929 27,526 Marketing expenses 29,432 95 29,527 Research and development expenses 4,980 54 5,034 Operating Loss (12,112 ) (2,633 ) (14,745 ) Other income (expenses), net 106 - 106 Finance expenses, net (589 ) 2 (587 ) Net Loss (12,595 ) (2,631 ) (15,226 ) THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED Segment revenue reported above represents revenue generated from external customers. There were no intersegment sales in the current and in the prior year. The assets and liabilities of each segment are not reported to the CODM on a regular basis therefore they are not disclosed in these condensed consolidated financial statements. The amount of revenue from external customers, by geography, is shown in the table below: SCHEDULE OF REVENUE GEOGRAPHY For the Three Months Ended September 30, 2024 September 30, 2023 United States 319,411 171,042 Canada 53,077 43,598 Total revenue by region 372,488 214,640 For the Nine Months Ended September 30, 2024 September 30, 2023 United States 792,161 424,396 Canada 121,848 83,421 Total revenue by region 914,009 507,817

BASIC AND DILUTED LOSS PER SHAR

BASIC AND DILUTED LOSS PER SHARE	9 Months Ended
	Sep. 30, 2024
Basic And Diluted Loss Per Share
BASIC AND DILUTED LOSS PER SHARE	6. BASIC AND DILUTED LOSS PER SHARE Basic loss per share is computed by dividing the loss for the period by the weighted average number of Common Shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) less any preferred dividends for the period by the weighted average number of Common Shares outstanding plus any potentially dilutive Common Shares outstanding during the period. The Company does not pay dividends or have participating shares outstanding. The following table outlines the number of Common Shares (in thousands) and basic and diluted loss per share. SCHEDULE OF DETAILED INFORMATION ABOUT LOSS PER SHARE 2024 2023 2024 2023 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Issued Common Shares at the beginning of the period 194,497 180,350 183,606 179,922 Effect of Treasury Purchases (1,955 ) - (3,557 ) - Release of Shares 2,183 - 1,816 - Effect of Warrant Exercise 50 - 51 - Effect of Treasury Issuance 679 - 4,728 12 Effect of Share Options Exercise 1,214 261 2,220 224 Weighted-average numbers of Common Shares 196,668 180,611 188,864 180,158 Loss per share Basic and diluted loss per share (0.01 ) (0.02 ) (0.11 ) (0.09 ) The following potential ordinary shares are anti-dilutive and are therefore excluded from the weighted average number of ordinary shares for the purpose of diluted earnings per share. SCHEDULE OF ANTI -DILUTIVE WEIGHTED AVERAGE LOSS PER SHARE September 30, 2024 September 30, 2023 For the Period Ended September 30, 2024 September 30, 2023 Options 15,662 22,319 RSU 27,097 22,254 Total 42,759 44,573 THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED

SHARE-BASED PAYMENT ARRANGEMENT

SHARE-BASED PAYMENT ARRANGEMENTS	9 Months Ended
	Sep. 30, 2024
Share-based Payment Arrangements
SHARE-BASED PAYMENT ARRANGEMENTS	7. SHARE-BASED PAYMENT ARRANGEMENTS A. Description of share-based payment arrangements Stock option plan (equity-settled) On January 20, 2016, the Company established a stock option plan (the “ Stock Option Plan Options On February 26, 2022, the Company established an omnibus incentive plan providing for up to 20 35.6 Omnibus Incentive Plan The Company amended its Omnibus Incentive Plan (the “ A&R Plan 15 70,000,000 The following table depicts the number of Options granted apart from the Company’s various acquisitions (in thousands): SCHEDULE OF TERMS AND CONDITIONS OF SHARE-BASED PAYMENT ARRANGEMENT Grant Date Number of Options Vesting Conditions Contractual Life of Options Balance January 1, 2023 27,057 On March, 2023 1,500 16.7% on first anniversary, then quarterly vesting 10 On March, 2023 15 3 years quarterly vest 10 On June, 2023 65 33.3% on first anniversary, then quarterly vesting 10 On August, 2023 85 3 years quarterly vest 10 On November, 2023 10 33.3% on first anniversary, then quarterly vesting 10 Balance December 31, 2023 28,732 Balance January 1, 2024 28,732 On April, 2024 45 3 years vest 10 On August, 2024 30 3 years vest 10 Balance September 30, 2024 28,807 THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED B. Measurement of fair value The fair value of the Options has been measured using the Black-Scholes formula which was also used to determine the Company’s share value. Service and non-market performance conditions attached to the arrangements were not considered in measuring fair value. The inputs used in the measurement of the fair value at the grant and measurement date of options granted in the period were as follows: SCHEDULE OF INDIRECT MEASUREMENT OF FAIR VALUE OF SHARES GRANTED DURING PERIOD September 30, 2024 September 30, 2023 Share price $ 4.31 5.72 $ 1.25 1.67 Expected volatility (weighted-average) 73 95 % 108 % Expected life (weighted-average) 4.13 10 10 Expected dividends - % - % Risk-free interest rate (based on US government bonds) 4.24 4.26 % 3.62 3.73 % Expected volatility has been based on an evaluation of historical volatility of the company’s share price. C. Reconciliation of outstanding stock-options The following table outlines the number of Options (in thousands) and weighted-average exercise price: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS September 30, 2024 December 31, 2023 Number of Options Weighted- Average Exercise Price Number of Options Weighted- Average Exercise Price Outstanding at beginning of year 21,943 $ 0.92 21,746 $ 0.87 Granted 75 4.87 1,675 1.28 Forfeited/ Expired (74 ) 1.43 (312 ) 1.41 Exercised (6,282 ) 0.59 (1,166 ) 0.36 Outstanding at end of period 15,662 $ 1.06 21,943 $ 0.92 Exercisable at end of period 11,820 0.91 15,566 0.72 The Options outstanding as of September 30, 2024 had a weighted average exercise price of $ 1.06 0.92 6.8 8.8 D. Restricted share unit plan Restricted share unit plan Under the Company’s agent performance grant program, the Company issues RSUs to agents based on an agent meeting certain performance metrics, and successfully attracting other performing agents to the Company. Each RSU, which has a vesting term of up to 3 years and is subject to forfeiture in certain circumstances, entitles the holder to one Common Share 3.9 Under the Company’s agent stock purchase program, agents purchase RSUs, which vest immediately but have a one year restriction period, using a percentage of the agent’s commission that is withheld by the Company. Each RSU entitles the holder to one Common Share or the equivalent cash value, as determined in the Company’s sole discretion. The RSUs are expensed in the period in which they are issued with a corresponding increase in equity. Each agent pays the Company 15% of commissions until the commission paid to the Company totals that agent’s “cap” amount (the “ Cap the Company issues additional RSUs (“ Bonus RSUs THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED Stock compensation awards granted to full time employees (“ FTEs The following table illustrates the Company’s stock activity (in thousands of units) for the restricted share units under its equity plan. SCHEDULE OF STOCK ACTIVITY FOR RESTRICTED SHARE UNIT PLAN Restricted Share Units Balance at, December 31, 2022 16,908 Granted 23,400 Vested and Issued (10,631 ) Forfeited (2,068 ) Balance at, December 31, 2023 27,609 Granted 14,583 Vested and Issued (13,896 ) Forfeited (1,199 ) Balance at, September 30, 2024 27,097 Stock Based Compensation Expense The following table provides a detailed breakdown of the stock-based compensation expense (in thousands) as reported in the Condensed Consolidated Statement of Loss and Comprehensive Loss. SCHEDULE OF OF EFFECT OF SHARE-BASED PAYMENTS ON ENTITY'S PROFIT OR LOSS Options Expense RSU Expense Total Options Expense RSU Expense Total For the Period Ended September 30, 2024 September 30, 2023 Options Expense RSU Expense Total Options Expense RSU Expense Total COGS – Agent Stock Based Compensation - 23,763 23,763 - 10,512 10,512 Marketing Expenses – Agent Stock Based Compensation 301 6,836 7,137 2,033 3,917 5,950 Marketing Expenses – FTE Stock Based Compensation 2 9 11 5 30 35 Research and Development – FTE Stock Based Compensation 20 621 641 68 125 193 General and Administrative – FTE Stock Based Compensation 1,448 4,797 6,245 1,166 1,124 2,290 Total Stock Based Compensation 1,771 36,026 37,797 3,272 15,708 18,980 THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED

INVESTMENTS IN AVAILABLE FOR SA

INVESTMENTS IN AVAILABLE FOR SALE SECURITIES AT FAIR VALUE	9 Months Ended
	Sep. 30, 2024
Investments In Available For Sale Securities At Fair Value
INVESTMENTS IN AVAILABLE FOR SALE SECURITIES AT FAIR VALUE	8. INVESTMENTS IN AVAILABLE FOR SALE SECURITIES AT FAIR VALUE The following table provides a detailed breakdown of short-term investments (in thousands) as reported in the Condensed Consolidated Statements of Financial Positions: SCHEDULE OF DETAILED INFORMATION ABOUT INVESTMENT IN AVAILABLE FOR SALE SECURITIES AT FAIR VALUE Gross Unrealized Gains/(Losses) Description Estimated Fair Value December 31, 2023 Deposit / (Withdraw) Dividends, Interest & Income Gross Unrealized Gains / (Losses) Estimated Fair Value September 30, 2024 Cash Investments 6,531 (6,728 ) 225 - 28 Fixed Income 7,597 2,478 144 95 10,314 Investment Certificate 94 - - (38 ) 56 Total 14,222 (4,250 ) 369 57 10,398 Investment securities are recorded at fair value. The Company’s investment securities portfolio consists primarily of cash investments, debt securities issued by U.S. government agencies, local municipalities and certain corporate entities. The products in the Company’s investment portfolio have maturity dates ranging from less than one year to over 20 The fair value of investment securities is impacted by interest rates, credit spreads, market volatility, and liquidity conditions. Net unrealized gains and losses in the portfolio are included in Other Comprehensive Income (Loss). THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2024
Property And Equipment
PROPERTY AND EQUIPMENT	9. PROPERTY AND EQUIPMENT Reconciliation of Carrying Amounts (in thousands) SCHEDULE OF DETAILED INFORMATION ABOUT PROPERTY, PLANT AND EQUIPMENT Computer Equipment Software Furniture and Equipment Total Cost Balance at December 31, 2022 526 969 96 1,591 Beginning Balance 526 969 96 1,591 Disposals - - (86 ) (86 ) Additions 138 449 - 587 Balance at December 31, 2023 664 1,418 10 2,092 Beginning Balance 664 1,418 10 2,092 Disposals (17 ) - - (17 ) Additions 148 816 - 964 Depreciation Balance at September 30, 2024 795 2,234 10 3,039 Ending Balance 795 2,234 10 3,039 Accumulated Depreciation Balance at December 31, 2022 118 57 66 241 Beginning Balance 118 57 66 241 Disposals - - (65 ) (65 ) Depreciation 125 191 - 316 Balance at December 31, 2023 243 248 1 492 Beginning Balance 243 248 1 492 Disposals (17 ) - - (17 ) Depreciation 100 255 - 355 Balance at September 30, 2024 326 503 1 830 Ending Balance 326 503 1 830 Carrying Amounts Balance at December 31, 2023 421 1,170 9 1,600 Beginning Balance 421 1,170 9 1,600 Balance at September 30, 2024 469 1,731 9 2,209 Ending Balance 469 1,731 9 2,209 THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2024
Disclosure of detailed information about intangible assets [abstract]
INTANGIBLE ASSETS	10. INTANGIBLE ASSETS The Company’s intangible assets are finite lived and consist primarily of customer relationships which is amortized on a straight-line basis over its useful life of 5 years Reconciliation of Carrying Amounts (in thousands) SCHEDULE OF DETAILED INFORMATION ABOUT INTANGIBLE ASSETS Intangible Assets Cost Balance at December 31, 2022 3,933 Purchase Price Allocation Adjustment 530 Depreciation Balance at December 31, 2023 4,463 Additions 15 Balance at September 30, 2024 4,478 Accumulated Depreciation Balance at December 31, 2022 225 Depreciation 796 Balance at December 31, 2023 1,021 Beginning Balance 1,021 Depreciation 669 Balance at September 30, 2024 1,690 Ending Balance 1,690 Carrying Amounts Balance at December 31, 2023 3,442 Ending Balance 3,442 Balance at September 30, 2024 2,788 Ending Balance 2,788

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2024
Disclosure Of Goodwill Abstract
GOODWILL	11. GOODWILL We record goodwill associated with acquisitions of businesses when the purchase price of the business exceeds the fair value of the net tangible and intangible assets acquired. We review goodwill for impairment on an annual basis in the fiscal fourth quarter or on an interim basis if an event occurs or circumstances change that indicate goodwill may be impaired. SCHEDULE OF DETAILED INFORMATION ABOUT ACQUISITIONS OF BUSINESS Realty Crunch Expetitle LemonBrew Total Cost Balance at December 31, 2022 602 8,393 1,267 10,262 Beginning Balance 602 8,393 1,267 10,262 Impairment - (723 ) - (723 ) Adjustments - - (546 ) (546 ) Balance at December 31, 2023 602 7,670 721 8,993 Beginning Balance 602 7,670 721 8,993 Additions - - - - Balance at September 30, 2024 602 7,670 721 8,993 Carrying Amounts Balance at December 31, 2023 602 7,670 721 8,993 Ending Balance 602 7,670 721 8,993 Balance at September 30, 2024 602 7,670 721 8,993 Ending Balance 602 7,670 721 8,993 THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED

CAPITAL AND RESERVES

CAPITAL AND RESERVES	9 Months Ended
	Sep. 30, 2024
Capital And Reserves
CAPITAL AND RESERVES	12. CAPITAL AND RESERVES Share capital and share premium All Common Shares rank equally with regards to the Company’s residual assets. The following table is presented in thousands: SCHEDULE OF DETAILED INFORMATION ABOUT RESERVES WITHIN EQUITY Authorized Issued and Paid September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 Ordinary shares no-par value unlimited unlimited 197,738 183,605 During the nine-month period ended September 30, 2024, the Company issued 14.1 During the quarter ended September 30, 2024, the Company repurchased 2.7 15.1 0.1 0.4 Total number of shares held by our trustee in the NCIB is 194 175

LIQUIDITY AND CAPITAL RESOURCES

LIQUIDITY AND CAPITAL RESOURCES	9 Months Ended
	Sep. 30, 2024
Liquidity And Capital Resources
LIQUIDITY AND CAPITAL RESOURCES	13. LIQUIDITY AND CAPITAL RESOURCES Real defines capital as its equity. It is comprised of share premium, stock-based compensation reserves, deficit, other reserves, treasury stock, and non-controlling interests. The Company’s capital management framework is designed to maintain a level of capital that funds the operations and business strategies and builds long-term shareholder value. The Company’s objective is to manage its capital structure in such a way as to diversify its funding sources, while minimizing its funding costs and risks. The Company sets the amount of capital in proportion to the risk and adjusts by considering changes in economic conditions and the characteristic risk of underlying assets. To maintain or adjust the capital structure, the Company may repurchase shares, return capital to shareholders, issue new shares or sell assets to reduce debt. Real’s objective is met by retaining adequate liquidity to provide the possibility that cash flows from its assets will not be sufficient to meet operational, investing and financing requirements. There have been no changes to the Company’s capital management policies during the periods ended September 30, 2024, and December 31, 2023. The following table presents the Company’s liquidity (in thousands): SCHEDULE OF DETAILED INFORMATION ABOUT LIQUIDITY September 30, 2024 December 31, 2023 For the Period Ended September 30, 2024 December 31, 2023 Cash 21,580 14,707 Other Receivables 43 63 Investments in Financial Assets 10,398 14,222 Total 32,021 28,992 THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED

FINANCIAL INSTRUMENTS _ FAIR VA

FINANCIAL INSTRUMENTS – FAIR VALUE AND RISK MANAGEMENT	9 Months Ended
	Sep. 30, 2024
Notes and other explanatory information [abstract]
FINANCIAL INSTRUMENTS – FAIR VALUE AND RISK MANAGEMENT	14. FINANCIAL INSTRUMENTS – FAIR VALUE AND RISK MANAGEMENT Accounting classifications and fair value (in thousands) SCHEDULE OF CARRYING VALUES OF FINANCIAL INSTRUMENTS For the Period Ended September 30, 2024 Carrying Amount Fair Value Financial Assets at Other Total Level 1 Level 2 Total Financial Assets Measured at Fair Value (FV) Investments in Financial Assets - - - 10,398 - 10,398 Total Financial Assets Measured at Fair Value (FV) - - - 10,398 - 10,398 Financial Assets Not Measured at Fair Value (FV) Cash and Cash Equivalents 21,580 - 21,580 - - - Restricted Cash 27,516 - 27,516 - - - Funds Held in Restricted Escrow Account 9,250 - 9,250 - - - Trade Receivables 17,305 - 17,305 - - - Other Receivables 43 - 43 - - - Total Financial Assets Not Measured at Fair Value (FV) 75,694 - 75,694 - - - Financial Liabilities Not Measured at Fair Value (FV) Accounts Payable - 1,133 1,133 - - - Accrued Liabilities - 30,991 30,991 - - - Customer Deposits - 27,516 27,516 - - - Other Payables - 12,843 12,843 - - - Total Financial Liabilities Not Measured at Fair Value (FV) - 72,483 72,483 - - - For the Year Ended December 31, 2023 Carrying Amount Fair Value Financial Assets at Other Total Level 1 Level 2 Total Financial Assets Measured at Fair Value (FV) Investments in Financial Assets - - - 14,222 - 14,222 Total Financial Assets Measured at Fair Value (FV) - - - 14,222 - 14,222 Financial Liabilities Measured at Fair Value (FV) Warrants - - - - 269 269 Total Financial Liabilities Measured at Fair Value (FV) - - - - 269 269 Financial Assets Not Measured at Fair Value (FV) Cash and Cash Equivalents 14,707 - 14,707 - - - Restricted Cash 12,948 - 12,948 - - - Trade Receivables 6,441 - 6,441 - - - Other Receivables 63 - 63 - - - Total Financial Assets Not Measured at Fair Value (FV) 34,159 - 34,159 - - - Financial Liabilities Not Measured at Fair Value (FV) Accounts Payable - 571 571 - - - Accrued Liabilities - 13,374 13,374 - - - Customer Deposits - 12,948 12,948 - - - Other Payables - 302 302 - - - Total Financial Liabilities Not Measured at Fair Value (FV) - 27,195 27,195 - - - THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED A. Transfers between levels During the periods ended September 30, 2024, and December 31, 2023, there have been no transfers between Level 1, Level 2 and Level 3. B. Valuation techniques and inputs for level 2 instruments The warrants were initially recorded at fair value on date of grant using the Black-Scholes model and net of issuance costs, and are subsequently re-measured to fair value at each subsequent balance sheet date. C. Financial risk management The Company has exposure to the following risks arising from financial instruments: – credit risk (see (ii)); – liquidity risk (see (iii)); – market risk (see (iv)); and – investment risk (see (v)). i. Risk management framework The Company’s activity exposes it to a variety of financial risks, including credit risk, liquidity risk, market risk and investment risk. These financial risks are managed by the Company under policies approved by the Board of Directors. The principal financial risks are actively managed by the Company’s finance department, within the policies and guidelines. On an ongoing basis, the finance department actively monitors the market conditions, with a view of minimizing exposure of the Company to changing market factors, while at the same time limiting the funding costs of the Company. The Company’s Audit Committee oversees how management monitors compliance with the Company’s risk management policies and procedures and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. ii. Credit risk Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the Company’s receivables from customers. The receivables are processed through an intermediary trustee, as part of the structure of every deal, which ensures collection on the close of a successful transaction. In order to mitigate the residual risk, the Company contracts exclusively with reputable and credit-worthy partners. The carrying amount of financial assets represents the maximum credit exposure. Trade receivables The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers other factors may influence the credit risk of the customer base, including the default risk associated with the industry and the country in which the customers operate. The Company does not require collateral in respect to trade and other receivables. The Company does not have trade receivables for which no loss allowance is recognized because of collateral. THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED Loss rates are calculated using a ‘roll rate’ method based on the probability of a receivable progressing through successive stages of delinquency to write-off. Roll rates are calculated separately for exposures in different Cash Generating Units based on the following common credit risk characteristics – geographic region, credit information about the customer and the type of home purchased. Loss rates are based on actual credit loss experience. These rates are multiplied by scalar factors to reflect differences between economic conditions during the period over which the historical data has been collected, compared to current conditions of the Company’s view of economic conditions over the expected lives of the receivables. As of September 30, 2024, the exposure to credit risk for trade receivables (in thousands) by geographic region was as follows: SCHEDULE OF DETAILED INFORMATION ABOUT CREDIT RISK TRADE RECEIVABLES AND CONTRACT ASSET BY GEOGRAPHIC REGION September 30, 2024 December 31, 2023 US 11,376 4,607 Other Regions 5,929 1,834 Trade Receivables 17,305 6,441 iii. Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to maintaining liquidity is to ensure, as far as possible, that it will have sufficient cash and cash equivalents and other liquid assets to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation. iv. Market risk Market risk is the risk that changes in market prices – e.g. foreign exchange rates, interest rates and equity prices – will affect the Company’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return. Currency risk The Company is exposed to transactional foreign currency risk to the extent there is a mismatch between currencies in which purchases and receivables are denominated and the respective functional currencies of the Company. The currencies in which transactions are primarily denominated are US dollars, Israeli shekel and Canadian dollars. THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED Sensitivity analysis A reasonably possible strengthening (weakening) of the U.S. dollar (USD), Israeli shekel (ILS), or Canadian Dollar (CAD) against all other currencies in which the Company operates as of September 30, 2024 and December 31, 2023 would have affected the measurement of financial instruments denominated in a foreign currency and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant and ignores any impact of forecast sales and purchases. The following table is presented in thousands: SCHEDULE OF DETAILED INFORMATION ABOUT NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS Average Rate Period-end Spot Rate Strengthening Weakening Strengthening Weakening Balance at, September 30, 2024 CAD (-5% movement) 324 (324 ) 441 (441 ) ILS (-5% movement) (26 ) 26 (97 ) 97 Balance at, December 31, 2023 CAD (-5% movement) 485 (485 ) 655 (655 ) ILS (-5% movement) 33 (33 ) 121 (121 ) Foreign Currency Risk Management The Company undertakes transactions denominated in foreign currencies; consequently, exposures to exchange rate fluctuations arise. Exchange rate exposures are managed within approved policy parameters utilizing forward foreign exchange contracts. The carrying amounts of the Company’s foreign currency denominated monetary assets and monetary liabilities (in thousands) at the reporting date are as follows: SCHEDULE OF DETAILED INFORMATION ABOUT FOREIGN CURRENCY RISK MANAGEMENT Liabilities Assets September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 CAD (28,842 ) (13,463 ) 17,386 4,949 ILS (67 ) (178 ) 7,642 7,494 Total Exposure (28,909 ) (13,641 ) 25,028 12,443 v. Investment risk The Company invested into a managed investment portfolio, exposing it to risk of losses based on market fluctuations. Securities are purchased on behalf of the Company and are actively managed through multiple investment accounts. Funds apportioned for investment are allocated accordingly to the investment guidelines set forth by Management. Investments are made in U.S. currency. The Company follows a conservative investment approach with limited risk for investment activities and has allocated the funds in Level 1 assets to reduce market risk exposure. Information about the Company’s investment activity is included in Note 8 THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
Commitments And Contingencies
COMMITMENTS AND CONTINGENCIES	15. COMMITMENTS AND CONTINGENCIES In December 2023, the Company was named as a defendant in a putative class action lawsuit, captioned Umpa v. The National Association of Realtors, et al. Umpa Matter 9.25 Additionally, the Company agreed to implement specific changes to its business practices. These changes include clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients. The Company also agreed to develop training materials to support these practice changes. The settlement agreement received final court There were no changes to the settlement agreement between preliminary and final approval. On June 14, 2024, the Company was named as a defendant in a putative class action lawsuit, captioned Kyle Miholich v. The Real Brokerage Inc., et al. to under an Independent Contractor Agreement

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
Related Party Transactions
RELATED PARTY TRANSACTIONS	16. RELATED PARTY TRANSACTIONS Balances and transactions between the company and its subsidiaries, which are related parties, have been eliminated on consolidation and are not disclosed in this note. The Company’s key management personnel are comprised of its Chief Executive Officer, Chief Financial Officer, President, Chief Technology Officer, and Chief Marketing Officer, and other members of the executive team. Executive officers participate in the A&R Plan (see Note 7.A 33.9 SCHEDULE OF DETAILED INFORMATION ABOUT RELATED PARTY September 30, 2024 September 30, 2023 For the Period Ended September 30, 2024 September 30, 2023 Salaries and Benefits 2,834 1,944 Stock-Based Compensation 5,559 2,814 Compensation Expenses for Related Parties 8,393 4,758

SUMMARY OF MATERIAL ACCOUNTIN_2

SUMMARY OF MATERIAL ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Summary Of Material Accounting Policies
Basis of preparation	A. Basis of preparation The unaudited interim condensed consolidated financial statements have been prepared in accordance with IAS 34, Interim Financial Reporting as issued by the International Accounting Standards Board (IASB). The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual consolidated financial statements and should be read in conjunction with the Company’s annual audited consolidated financial statements for the period ended December 31, 2023. These unaudited interim condensed consolidated financial statements were authorized for issuance by the Company’s Board of Directors on November 4, 2024. All dollar amounts are in U.S. dollars unless otherwise stated. THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED
Recent Accounting Pronouncements	B. Recent Accounting Pronouncements In April 2024, the IASB issued IFRS 18 “Presentation and Disclosure in Financial Statements” (“IFRS 18”). IFRS 18 mainly introduces three sets of requirements to give investors more transparent and comparable information about companies’ financial performance: additional subtotals with newly defined categories for classifying income and expenses in the statement of profit or loss, disclosures about management-defined performance measures, and enhanced requirements for more useful grouping of information in the financial statements. IFRS 18 will replace IAS 1 and will be effective for annual periods beginning on or after January 1, 2027. The impact of IFRS 18 on Real’s consolidated financial statements is being evaluated.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue
SCHEDULE OF REVENUE STREAMS AND DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS	In the following table, revenue (in thousands) from contracts with customers is disaggregated by major service lines. SCHEDULE OF REVENUE STREAMS AND DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Main revenue streams Commissions 369,890 213,319 907,716 504,456 Title 1,400 964 3,450 2,510 Mortgage Income 1,198 357 2,843 851 Total Revenue 372,488 214,640 914,009 507,817 Timing of Revenue Recognition Products and Services Transferred at a Point in Time 372,488 214,640 914,009 507,817 Revenue from Contracts with Customers 372,488 214,640 914,009 507,817

EXPENSES BY NATURE (Tables)

EXPENSES BY NATURE (Tables)	9 Months Ended
	Sep. 30, 2024
Expenses By Nature
SCHEDULE OF ATTRIBUTION OF EXPENSES BY NATURE TO THEIR FUNCTION	In the following table, cost of sales represents real estate commissions paid to the Company’s agents, as well as to outside brokerages in Canada, and Title Fee Expenses (in thousands). SCHEDULE OF ATTRIBUTION OF EXPENSES BY NATURE TO THEIR FUNCTION Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Commissions and other agent-related costs 340,359 195,865 829,253 460,475 Operating Expenses General and Administrative Expenses 16,301 9,234 42,452 27,526 Salaries and Benefits 7,314 4,740 19,748 13,907 Stock Based Compensation 2,825 203 6,245 2,290 Administrative Expenses 1,066 1,227 2,835 2,817 Professional Fees 3,917 2,179 10,339 5,794 Depreciation and Amortization Expense 358 277 1,024 830 Other General and Administrative Expenses 821 608 2,261 1,888 Marketing Expenses 15,261 11,577 43,779 29,527 Salaries and Benefits 279 230 721 540 Stock Based Compensation for Employees 6 13 11 35 Stock Based Compensation for Agents 2,665 2,769 7,137 5,950 Revenue Share 11,651 7,946 33,190 21,064 Other Marketing and Advertising Cost 660 619 2,720 1,938 Research and Development Expenses 3,045 1,931 8,115 5,034 Salaries and Benefits 1,681 1,131 4,394 2,537 Stock Based Compensation 308 69 641 193 Other Research and Development 1,056 731 3,080 2,304 Settlement of Litigation — — 9,250 — Total Cost of Sales and Operating Expenses 374,966 218,607 932,849 522,562
SCHEDULE OF FINANCE COST	The following table provides a detailed breakdown of finance costs (in thousands) as reported in the Condensed Consolidated Statement of Income (Loss): SCHEDULE OF FINANCE COST Three Months Ended September 30, Nine Months Ended September 30, Description 2024 2023 2024 2023 Change in Fair Value of Warrants Outstanding 129 (78 ) 600 4 Realized Losses (Gains) 4 14 2 99 Bank Fees 245 153 556 431 Finance Costs (164 ) (80 ) 131 53 Total Finance Expenses 214 10 1,289 587

OPERATING SEGMENTS DISCLOSURES

OPERATING SEGMENTS DISCLOSURES (Tables)	9 Months Ended
	Sep. 30, 2024
Operating Segments Disclosures
SCHEDULE OF OPERATING SEGMENTS	The following tables present significant information about the Company’s reportable operating segments as reported to the Company’s CODM: SCHEDULE OF OPERATING SEGMENTS For the Three Months Ended September 30, 2024 North American Brokerage Other Segments Total Revenues 369,890 2,598 372,488 Commissions and other agent-related costs 339,507 852 340,359 Gross Profit 30,383 1,746 32,129 General and administrative expenses 13,592 2,709 16,301 Marketing expenses 15,240 21 15,261 Research and development expenses 3,010 35 3,045 Litigation expenses Operating Loss (1,459 ) (1,019 ) (2,478 ) Other income (expenses), net 151 - 151 Finance expenses, net (189 ) (25 ) (214 ) Net Loss (1,497 ) (1,044 ) (2,541 ) THE REAL BROKERAGE INC. NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 2024 AND 2023 UNAUDITED For the Nine Months Ended September 30, 2024 North American Brokerage Other Segments Total Revenues 907,716 6,293 914,009 Commissions and other agent-related costs 827,243 2,010 829,253 Gross Profit 80,473 4,283 84,756 General and administrative expenses 35,283 7,169 42,452 Marketing expenses 43,697 82 43,779 Research and development expenses 8,016 99 8,115 Litigation expenses 9,250 - 9,250 Operating Loss (15,773 ) (3,067 ) (18,840 ) Other income (expenses), net 381 - 381 Finance expenses, net (1,230 ) (59 ) (1,289 ) Net Loss (16,622 ) (3,126 ) (19,748 ) For the Three Months Ended September 30, 2023 North American Brokerage Other Segments Total Revenues 213,319 1,321 214,640 Commissions and other agent-related costs 195,492 373 195,865 Gross Profit 17,827 948 18,775 General and administrative expenses 7,513 1,721 9,234 Marketing expenses 11,537 40 11,577 Research and development expenses 1,910 21 1,931 Operating Loss (3,133 ) (834 ) (3,967 ) Other income (expenses), net 38 — 38 Finance expenses, net (15 ) 5 (10 ) Net Loss (3,110 ) (829 ) (3,939 ) For the Nine Months Ended September 30, 2023 North American Brokerage Other Segments Total Revenues 504,456 3,361 507,817 Commissions and other agent-related costs 459,559 916 460,475 Gross Profit 44,897 2,445 47,342 General and administrative expenses 22,597 4,929 27,526 Marketing expenses 29,432 95 29,527 Research and development expenses 4,980 54 5,034 Operating Loss (12,112 ) (2,633 ) (14,745 ) Other income (expenses), net 106 - 106 Finance expenses, net (589 ) 2 (587 ) Net Loss (12,595 ) (2,631 ) (15,226 )
SCHEDULE OF REVENUE GEOGRAPHY	The amount of revenue from external customers, by geography, is shown in the table below: SCHEDULE OF REVENUE GEOGRAPHY For the Three Months Ended September 30, 2024 September 30, 2023 United States 319,411 171,042 Canada 53,077 43,598 Total revenue by region 372,488 214,640 For the Nine Months Ended September 30, 2024 September 30, 2023 United States 792,161 424,396 Canada 121,848 83,421 Total revenue by region 914,009 507,817

BASIC AND DILUTED LOSS PER SH_2

BASIC AND DILUTED LOSS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2024
Basic And Diluted Loss Per Share
SCHEDULE OF DETAILED INFORMATION ABOUT LOSS PER SHARE	The following table outlines the number of Common Shares (in thousands) and basic and diluted loss per share. SCHEDULE OF DETAILED INFORMATION ABOUT LOSS PER SHARE 2024 2023 2024 2023 Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Issued Common Shares at the beginning of the period 194,497 180,350 183,606 179,922 Effect of Treasury Purchases (1,955 ) - (3,557 ) - Release of Shares 2,183 - 1,816 - Effect of Warrant Exercise 50 - 51 - Effect of Treasury Issuance 679 - 4,728 12 Effect of Share Options Exercise 1,214 261 2,220 224 Weighted-average numbers of Common Shares 196,668 180,611 188,864 180,158 Loss per share Basic and diluted loss per share (0.01 ) (0.02 ) (0.11 ) (0.09 )
SCHEDULE OF ANTI -DILUTIVE WEIGHTED AVERAGE LOSS PER SHARE	The following potential ordinary shares are anti-dilutive and are therefore excluded from the weighted average number of ordinary shares for the purpose of diluted earnings per share. SCHEDULE OF ANTI -DILUTIVE WEIGHTED AVERAGE LOSS PER SHARE September 30, 2024 September 30, 2023 For the Period Ended September 30, 2024 September 30, 2023 Options 15,662 22,319 RSU 27,097 22,254 Total 42,759 44,573

SHARE-BASED PAYMENT ARRANGEME_2

SHARE-BASED PAYMENT ARRANGEMENTS (Tables)	9 Months Ended
	Sep. 30, 2024
Share-based Payment Arrangements
SCHEDULE OF TERMS AND CONDITIONS OF SHARE-BASED PAYMENT ARRANGEMENT	The following table depicts the number of Options granted apart from the Company’s various acquisitions (in thousands): SCHEDULE OF TERMS AND CONDITIONS OF SHARE-BASED PAYMENT ARRANGEMENT Grant Date Number of Options Vesting Conditions Contractual Life of Options Balance January 1, 2023 27,057 On March, 2023 1,500 16.7% on first anniversary, then quarterly vesting 10 On March, 2023 15 3 years quarterly vest 10 On June, 2023 65 33.3% on first anniversary, then quarterly vesting 10 On August, 2023 85 3 years quarterly vest 10 On November, 2023 10 33.3% on first anniversary, then quarterly vesting 10 Balance December 31, 2023 28,732 Balance January 1, 2024 28,732 On April, 2024 45 3 years vest 10 On August, 2024 30 3 years vest 10 Balance September 30, 2024 28,807
SCHEDULE OF INDIRECT MEASUREMENT OF FAIR VALUE OF SHARES GRANTED DURING PERIOD	The fair value of the Options has been measured using the Black-Scholes formula which was also used to determine the Company’s share value. Service and non-market performance conditions attached to the arrangements were not considered in measuring fair value. The inputs used in the measurement of the fair value at the grant and measurement date of options granted in the period were as follows: SCHEDULE OF INDIRECT MEASUREMENT OF FAIR VALUE OF SHARES GRANTED DURING PERIOD September 30, 2024 September 30, 2023 Share price $ 4.31 5.72 $ 1.25 1.67 Expected volatility (weighted-average) 73 95 % 108 % Expected life (weighted-average) 4.13 10 10 Expected dividends - % - % Risk-free interest rate (based on US government bonds) 4.24 4.26 % 3.62 3.73 %
SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS	The following table outlines the number of Options (in thousands) and weighted-average exercise price: SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS September 30, 2024 December 31, 2023 Number of Options Weighted- Average Exercise Price Number of Options Weighted- Average Exercise Price Outstanding at beginning of year 21,943 $ 0.92 21,746 $ 0.87 Granted 75 4.87 1,675 1.28 Forfeited/ Expired (74 ) 1.43 (312 ) 1.41 Exercised (6,282 ) 0.59 (1,166 ) 0.36 Outstanding at end of period 15,662 $ 1.06 21,943 $ 0.92 Exercisable at end of period 11,820 0.91 15,566 0.72
SCHEDULE OF STOCK ACTIVITY FOR RESTRICTED SHARE UNIT PLAN	The following table illustrates the Company’s stock activity (in thousands of units) for the restricted share units under its equity plan. SCHEDULE OF STOCK ACTIVITY FOR RESTRICTED SHARE UNIT PLAN Restricted Share Units Balance at, December 31, 2022 16,908 Granted 23,400 Vested and Issued (10,631 ) Forfeited (2,068 ) Balance at, December 31, 2023 27,609 Granted 14,583 Vested and Issued (13,896 ) Forfeited (1,199 ) Balance at, September 30, 2024 27,097
SCHEDULE OF OF EFFECT OF SHARE-BASED PAYMENTS ON ENTITY'S PROFIT OR LOSS	The following table provides a detailed breakdown of the stock-based compensation expense (in thousands) as reported in the Condensed Consolidated Statement of Loss and Comprehensive Loss. SCHEDULE OF OF EFFECT OF SHARE-BASED PAYMENTS ON ENTITY'S PROFIT OR LOSS Options Expense RSU Expense Total Options Expense RSU Expense Total For the Period Ended September 30, 2024 September 30, 2023 Options Expense RSU Expense Total Options Expense RSU Expense Total COGS – Agent Stock Based Compensation - 23,763 23,763 - 10,512 10,512 Marketing Expenses – Agent Stock Based Compensation 301 6,836 7,137 2,033 3,917 5,950 Marketing Expenses – FTE Stock Based Compensation 2 9 11 5 30 35 Research and Development – FTE Stock Based Compensation 20 621 641 68 125 193 General and Administrative – FTE Stock Based Compensation 1,448 4,797 6,245 1,166 1,124 2,290 Total Stock Based Compensation 1,771 36,026 37,797 3,272 15,708 18,980

INVESTMENTS IN AVAILABLE FOR _2

INVESTMENTS IN AVAILABLE FOR SALE SECURITIES AT FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2024
Investments In Available For Sale Securities At Fair Value
SCHEDULE OF DETAILED INFORMATION ABOUT INVESTMENT IN AVAILABLE FOR SALE SECURITIES AT FAIR VALUE	The following table provides a detailed breakdown of short-term investments (in thousands) as reported in the Condensed Consolidated Statements of Financial Positions: SCHEDULE OF DETAILED INFORMATION ABOUT INVESTMENT IN AVAILABLE FOR SALE SECURITIES AT FAIR VALUE Gross Unrealized Gains/(Losses) Description Estimated Fair Value December 31, 2023 Deposit / (Withdraw) Dividends, Interest & Income Gross Unrealized Gains / (Losses) Estimated Fair Value September 30, 2024 Cash Investments 6,531 (6,728 ) 225 - 28 Fixed Income 7,597 2,478 144 95 10,314 Investment Certificate 94 - - (38 ) 56 Total 14,222 (4,250 ) 369 57 10,398

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2024
Property And Equipment
SCHEDULE OF DETAILED INFORMATION ABOUT PROPERTY, PLANT AND EQUIPMENT	SCHEDULE OF DETAILED INFORMATION ABOUT PROPERTY, PLANT AND EQUIPMENT Computer Equipment Software Furniture and Equipment Total Cost Balance at December 31, 2022 526 969 96 1,591 Beginning Balance 526 969 96 1,591 Disposals - - (86 ) (86 ) Additions 138 449 - 587 Balance at December 31, 2023 664 1,418 10 2,092 Beginning Balance 664 1,418 10 2,092 Disposals (17 ) - - (17 ) Additions 148 816 - 964 Depreciation Balance at September 30, 2024 795 2,234 10 3,039 Ending Balance 795 2,234 10 3,039 Accumulated Depreciation Balance at December 31, 2022 118 57 66 241 Beginning Balance 118 57 66 241 Disposals - - (65 ) (65 ) Depreciation 125 191 - 316 Balance at December 31, 2023 243 248 1 492 Beginning Balance 243 248 1 492 Disposals (17 ) - - (17 ) Depreciation 100 255 - 355 Balance at September 30, 2024 326 503 1 830 Ending Balance 326 503 1 830 Carrying Amounts Balance at December 31, 2023 421 1,170 9 1,600 Beginning Balance 421 1,170 9 1,600 Balance at September 30, 2024 469 1,731 9 2,209 Ending Balance 469 1,731 9 2,209

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Disclosure of detailed information about intangible assets [abstract]
SCHEDULE OF DETAILED INFORMATION ABOUT INTANGIBLE ASSETS	SCHEDULE OF DETAILED INFORMATION ABOUT INTANGIBLE ASSETS Intangible Assets Cost Balance at December 31, 2022 3,933 Purchase Price Allocation Adjustment 530 Depreciation Balance at December 31, 2023 4,463 Additions 15 Balance at September 30, 2024 4,478 Accumulated Depreciation Balance at December 31, 2022 225 Depreciation 796 Balance at December 31, 2023 1,021 Beginning Balance 1,021 Depreciation 669 Balance at September 30, 2024 1,690 Ending Balance 1,690 Carrying Amounts Balance at December 31, 2023 3,442 Ending Balance 3,442 Balance at September 30, 2024 2,788 Ending Balance 2,788

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2024
Disclosure Of Goodwill Abstract
SCHEDULE OF DETAILED INFORMATION ABOUT ACQUISITIONS OF BUSINESS	SCHEDULE OF DETAILED INFORMATION ABOUT ACQUISITIONS OF BUSINESS Realty Crunch Expetitle LemonBrew Total Cost Balance at December 31, 2022 602 8,393 1,267 10,262 Beginning Balance 602 8,393 1,267 10,262 Impairment - (723 ) - (723 ) Adjustments - - (546 ) (546 ) Balance at December 31, 2023 602 7,670 721 8,993 Beginning Balance 602 7,670 721 8,993 Additions - - - - Balance at September 30, 2024 602 7,670 721 8,993 Carrying Amounts Balance at December 31, 2023 602 7,670 721 8,993 Ending Balance 602 7,670 721 8,993 Balance at September 30, 2024 602 7,670 721 8,993 Ending Balance 602 7,670 721 8,993

CAPITAL AND RESERVES (Tables)

CAPITAL AND RESERVES (Tables)	9 Months Ended
	Sep. 30, 2024
Capital And Reserves
SCHEDULE OF DETAILED INFORMATION ABOUT RESERVES WITHIN EQUITY	SCHEDULE OF DETAILED INFORMATION ABOUT RESERVES WITHIN EQUITY Authorized Issued and Paid September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 Ordinary shares no-par value unlimited unlimited 197,738 183,605

LIQUIDITY AND CAPITAL RESOURC_2

LIQUIDITY AND CAPITAL RESOURCES (Tables)	9 Months Ended
	Sep. 30, 2024
Liquidity And Capital Resources
SCHEDULE OF DETAILED INFORMATION ABOUT LIQUIDITY	The following table presents the Company’s liquidity (in thousands): SCHEDULE OF DETAILED INFORMATION ABOUT LIQUIDITY September 30, 2024 December 31, 2023 For the Period Ended September 30, 2024 December 31, 2023 Cash 21,580 14,707 Other Receivables 43 63 Investments in Financial Assets 10,398 14,222 Total 32,021 28,992

FINANCIAL INSTRUMENTS _ FAIR _2

FINANCIAL INSTRUMENTS – FAIR VALUE AND RISK MANAGEMENT (Tables)	9 Months Ended
	Sep. 30, 2024
Notes and other explanatory information [abstract]
SCHEDULE OF CARRYING VALUES OF FINANCIAL INSTRUMENTS	SCHEDULE OF CARRYING VALUES OF FINANCIAL INSTRUMENTS For the Period Ended September 30, 2024 Carrying Amount Fair Value Financial Assets at Other Total Level 1 Level 2 Total Financial Assets Measured at Fair Value (FV) Investments in Financial Assets - - - 10,398 - 10,398 Total Financial Assets Measured at Fair Value (FV) - - - 10,398 - 10,398 Financial Assets Not Measured at Fair Value (FV) Cash and Cash Equivalents 21,580 - 21,580 - - - Restricted Cash 27,516 - 27,516 - - - Funds Held in Restricted Escrow Account 9,250 - 9,250 - - - Trade Receivables 17,305 - 17,305 - - - Other Receivables 43 - 43 - - - Total Financial Assets Not Measured at Fair Value (FV) 75,694 - 75,694 - - - Financial Liabilities Not Measured at Fair Value (FV) Accounts Payable - 1,133 1,133 - - - Accrued Liabilities - 30,991 30,991 - - - Customer Deposits - 27,516 27,516 - - - Other Payables - 12,843 12,843 - - - Total Financial Liabilities Not Measured at Fair Value (FV) - 72,483 72,483 - - - For the Year Ended December 31, 2023 Carrying Amount Fair Value Financial Assets at Other Total Level 1 Level 2 Total Financial Assets Measured at Fair Value (FV) Investments in Financial Assets - - - 14,222 - 14,222 Total Financial Assets Measured at Fair Value (FV) - - - 14,222 - 14,222 Financial Liabilities Measured at Fair Value (FV) Warrants - - - - 269 269 Total Financial Liabilities Measured at Fair Value (FV) - - - - 269 269 Financial Assets Not Measured at Fair Value (FV) Cash and Cash Equivalents 14,707 - 14,707 - - - Restricted Cash 12,948 - 12,948 - - - Trade Receivables 6,441 - 6,441 - - - Other Receivables 63 - 63 - - - Total Financial Assets Not Measured at Fair Value (FV) 34,159 - 34,159 - - - Financial Liabilities Not Measured at Fair Value (FV) Accounts Payable - 571 571 - - - Accrued Liabilities - 13,374 13,374 - - - Customer Deposits - 12,948 12,948 - - - Other Payables - 302 302 - - - Total Financial Liabilities Not Measured at Fair Value (FV) - 27,195 27,195 - - -
SCHEDULE OF DETAILED INFORMATION ABOUT CREDIT RISK TRADE RECEIVABLES AND CONTRACT ASSET BY GEOGRAPHIC REGION	As of September 30, 2024, the exposure to credit risk for trade receivables (in thousands) by geographic region was as follows: SCHEDULE OF DETAILED INFORMATION ABOUT CREDIT RISK TRADE RECEIVABLES AND CONTRACT ASSET BY GEOGRAPHIC REGION September 30, 2024 December 31, 2023 US 11,376 4,607 Other Regions 5,929 1,834 Trade Receivables 17,305 6,441
SCHEDULE OF DETAILED INFORMATION ABOUT NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS	SCHEDULE OF DETAILED INFORMATION ABOUT NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS Average Rate Period-end Spot Rate Strengthening Weakening Strengthening Weakening Balance at, September 30, 2024 CAD (-5% movement) 324 (324 ) 441 (441 ) ILS (-5% movement) (26 ) 26 (97 ) 97 Balance at, December 31, 2023 CAD (-5% movement) 485 (485 ) 655 (655 ) ILS (-5% movement) 33 (33 ) 121 (121 )
SCHEDULE OF DETAILED INFORMATION ABOUT FOREIGN CURRENCY RISK MANAGEMENT	The carrying amounts of the Company’s foreign currency denominated monetary assets and monetary liabilities (in thousands) at the reporting date are as follows: SCHEDULE OF DETAILED INFORMATION ABOUT FOREIGN CURRENCY RISK MANAGEMENT Liabilities Assets September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 CAD (28,842 ) (13,463 ) 17,386 4,949 ILS (67 ) (178 ) 7,642 7,494 Total Exposure (28,909 ) (13,641 ) 25,028 12,443

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Related Party Transactions
SCHEDULE OF DETAILED INFORMATION ABOUT RELATED PARTY	SCHEDULE OF DETAILED INFORMATION ABOUT RELATED PARTY September 30, 2024 September 30, 2023 For the Period Ended September 30, 2024 September 30, 2023 Salaries and Benefits 2,834 1,944 Stock-Based Compensation 5,559 2,814 Compensation Expenses for Related Parties 8,393 4,758

GENERAL INFORMATION (Details Na

GENERAL INFORMATION (Details Narrative) - shares shares in Thousands	May 14, 2024	May 24, 2023	May 19, 2022	Sep. 30, 2024	May 01, 2024	May 18, 2023
General Information
Maximum number of shares purchased under NCIB	9,470	9,000	8,900
Percentage of common shares issued and outstanding as shares purchased in NCIB	5%	5%	5%
Common shares issued			178,300	14,100	189,000	180,000
Common shares outstanding			178,300		189,000	180,000

SCHEDULE OF REVENUE STREAMS AND

SCHEDULE OF REVENUE STREAMS AND DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Main revenue streams
Commissions	$ 369,890	$ 213,319	$ 907,716	$ 504,456
Title	1,400	964	3,450	2,510
Mortgage Income	1,198	357	2,843	851
Total Revenue	372,488	214,640	914,009	507,817
Timing of Revenue Recognition
Revenue from Contracts with Customers	372,488	214,640	914,009	507,817
Products and services [Member]
Timing of Revenue Recognition
Revenue from Contracts with Customers	$ 372,488	$ 214,640	$ 914,009	$ 507,817

SCHEDULE OF ATTRIBUTION OF EXPE

SCHEDULE OF ATTRIBUTION OF EXPENSES BY NATURE TO THEIR FUNCTION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
IfrsStatementLineItems [Line Items]
Commissions and other agent-related costs	$ 340,359	$ 195,865	$ 829,253	$ 460,475
Operating Expenses
General and Administrative Expenses	16,301	9,234	42,452	27,526
Salaries and Benefits			2,834	1,944
Stock Based Compensation			5,559	2,814
Marketing Expenses	15,261	11,577	43,779	29,527
Research and Development Expenses	3,045	1,931	8,115	5,034
Settlement of Litigation			9,250
Total Cost of Sales and Operating Expenses	374,966	218,607	932,849	522,562
Selling, general and administrative expense [member]
Operating Expenses
Salaries and Benefits	7,314	4,740	19,748	13,907
Stock Based Compensation	2,825	203	6,245	2,290
Administrative Expenses	1,066	1,227	2,835	2,817
Professional Fees	3,917	2,179	10,339	5,794
Depreciation and Amortization Expense	358	277	1,024	830
Other General and Administrative Expenses	821	608	2,261	1,888
Marketing Expenses [Member]
Operating Expenses
Salaries and Benefits	279	230	721	540
Stock Based Compensation	6	13	11	35
Stock Based Compensation for Agents	2,665	2,769	7,137	5,950
Revenue Share	11,651	7,946	33,190	21,064
Other Marketing and Advertising Cost	660	619	2,720	1,938
Research and Development Expenses [Member]
Operating Expenses
Salaries and Benefits	1,681	1,131	4,394	2,537
Stock Based Compensation	308	69	641	193
Other Research and Development	$ 1,056	$ 731	$ 3,080	$ 2,304

SCHEDULE OF FINANCE COST (Detai

SCHEDULE OF FINANCE COST (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Expenses By Nature
Change in Fair Value of Warrants Outstanding	$ 129	$ (78)	$ 600	$ 4
Realized Losses (Gains)	4	14	2	99
Bank Fees	245	153	556	431
Finance Costs	(164)	(80)	131	53
Total Finance Expenses	$ 214	$ 10	$ 1,289	$ 587

SCHEDULE OF OPERATING SEGMENTS

SCHEDULE OF OPERATING SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
IfrsStatementLineItems [Line Items]
Revenues	$ 372,488	$ 214,640	$ 914,009	$ 507,817
Commissions and other agent-related costs	340,359	195,865	829,253	460,475
Gross Profit	32,129	18,775	84,756	47,342
General and administrative expenses	16,301	9,234	42,452	27,526
Marketing expenses	15,261	11,577	43,779	29,527
Research and development expenses	3,045	1,931	8,115	5,034
Litigation expenses			9,250
Operating Loss	(2,478)	(3,967)	(18,840)	(14,745)
Other income (expenses), net	151	38	381	106
Finance expenses, net	(214)	(10)	(1,289)	(587)
Net Loss	(2,541)	(3,939)	(19,748)	(15,226)
North american brokerage [Member]
IfrsStatementLineItems [Line Items]
Revenues	369,890	213,319	907,716	504,456
Commissions and other agent-related costs	339,507	195,492	827,243	459,559
Gross Profit	30,383	17,827	80,473	44,897
General and administrative expenses	13,592	7,513	35,283	22,597
Marketing expenses	15,240	11,537	43,697	29,432
Research and development expenses	3,010	1,910	8,016	4,980
Litigation expenses			9,250
Operating Loss	(1,459)	(3,133)	(15,773)	(12,112)
Other income (expenses), net	151	38	381	106
Finance expenses, net	(189)	(15)	(1,230)	(589)
Net Loss	(1,497)	(3,110)	(16,622)	(12,595)
Other segments [Member]
IfrsStatementLineItems [Line Items]
Revenues	2,598	1,321	6,293	3,361
Commissions and other agent-related costs	852	373	2,010	916
Gross Profit	1,746	948	4,283	2,445
General and administrative expenses	2,709	1,721	7,169	4,929
Marketing expenses	21	40	82	95
Research and development expenses	35	21	99	54
Litigation expenses
Operating Loss	(1,019)	(834)	(3,067)	(2,633)
Other income (expenses), net
Finance expenses, net	(25)	5	(59)	2
Net Loss	$ (1,044)	$ (829)	$ (3,126)	$ (2,631)

SCHEDULE OF REVENUE GEOGRAPHY (

SCHEDULE OF REVENUE GEOGRAPHY (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
IfrsStatementLineItems [Line Items]
Total revenue by region	$ 372,488	$ 214,640	$ 914,009	$ 507,817
UNITED STATES
IfrsStatementLineItems [Line Items]
Total revenue by region	319,411	171,042	792,161	424,396
CHINA
IfrsStatementLineItems [Line Items]
Total revenue by region	$ 53,077	$ 43,598	$ 121,848	$ 83,421

SCHEDULE OF DETAILED INFORMATIO

SCHEDULE OF DETAILED INFORMATION ABOUT LOSS PER SHARE (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Basic And Diluted Loss Per Share
Issued Common Shares at the beginning of the period	194,497	180,350	183,606	179,922
Effect of Treasury Purchases	(1,955)		(3,557)
Release of Shares	2,183		1,816
Effect of Warrant Exercise	50		51
Effect of Treasury Issuance	679		4,728	12
Effect of Share Options Exercise	1,214	261	2,220	224
Weighted-average numbers of Common Shares	196,668	180,611	188,864	180,158
Loss per share
Basic earnings (loss) per share	$ (0.01)	$ (0.02)	$ (0.11)	$ (0.09)
Diluted earnings (loss) per share	$ (0.01)	$ (0.02)	$ (0.11)	$ (0.09)

SCHEDULE OF ANTI -DILUTIVE WEIG

SCHEDULE OF ANTI -DILUTIVE WEIGHTED AVERAGE LOSS PER SHARE (Details) - shares shares in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
IfrsStatementLineItems [Line Items]
Total	42,759	44,573
Share options [member]
IfrsStatementLineItems [Line Items]
Total	15,662	22,319
Restricted share units [member]
IfrsStatementLineItems [Line Items]
Total	27,097	22,254

SCHEDULE OF TERMS AND CONDITION

SCHEDULE OF TERMS AND CONDITIONS OF SHARE-BASED PAYMENT ARRANGEMENT (Details) - shares shares in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Beginning balance	28,732	27,057
Contractual Life of Options	6 years 9 months 18 days	8 years 9 months 18 days
Ending balance	28,807	28,732
On March, 2023 [Member]
IfrsStatementLineItems [Line Items]
Number of Instruments granted		1,500
Instrument vesting conditions		16.7% on first anniversary, then quarterly vesting
Contractual Life of Options		10 years
On March, 2023 [Member]
IfrsStatementLineItems [Line Items]
Number of Instruments granted		15
Instrument vesting conditions		3 years quarterly vest
Contractual Life of Options		10 years
On June, 2023 [Member]
IfrsStatementLineItems [Line Items]
Number of Instruments granted		65
Instrument vesting conditions		33.3% on first anniversary, then quarterly vesting
Contractual Life of Options		10 years
On August, 2023 [Member]
IfrsStatementLineItems [Line Items]
Number of Instruments granted		85
Instrument vesting conditions		3 years quarterly vest
Contractual Life of Options		10 years
On November, 2023 [Member]
IfrsStatementLineItems [Line Items]
Number of Instruments granted		10
Instrument vesting conditions		33.3% on first anniversary, then quarterly vesting
Contractual Life of Options		10 years
On April 2024 [Member]
IfrsStatementLineItems [Line Items]
Number of Instruments granted	45
Instrument vesting conditions	3 years vest
Contractual Life of Options	10 years
On August 2024 [Member]
IfrsStatementLineItems [Line Items]
Number of Instruments granted	30
Instrument vesting conditions	3 years vest
Contractual Life of Options	10 years

SCHEDULE OF INDIRECT MEASUREMEN

SCHEDULE OF INDIRECT MEASUREMENT OF FAIR VALUE OF SHARES GRANTED DURING PERIOD (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
IfrsStatementLineItems [Line Items]
Expected volatility (weighted-average)		108%
Expected life (weighted-average)		10 years
Expected dividends
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Share price	$ 4.31	$ 1.25
Expected volatility (weighted-average)	73%
Expected life (weighted-average)	4 years 1 month 17 days
Risk-free interest rate (based on US government bonds)	4.24%	3.62%
Top of range [member]
IfrsStatementLineItems [Line Items]
Share price	$ 5.72	$ 1.67
Expected volatility (weighted-average)	95%
Expected life (weighted-average)	10 years
Risk-free interest rate (based on US government bonds)	4.26%	3.73%

SCHEDULE OF NUMBER AND WEIGHTED

SCHEDULE OF NUMBER AND WEIGHTED AVERAGE EXERCISE PRICES OF SHARE OPTIONS (Details) shares in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024 shares $ / shares	Dec. 31, 2023 shares $ / shares
Share-based Payment Arrangements
Outstanding at beginning of year | shares	21,943	21,746
Outstanding at beginning of year | $ / shares	$ 0.92	$ 0.87
Granted | shares	75	1,675
Granted | $ / shares	$ 4.87	$ 1.28
Forfeited/ Expired | shares	(74)	(312)
Forfeited/ Expired | $ / shares	$ 1.43	$ 1.41
Exercised | shares	(6,282)	(1,166)
Exercised | $ / shares	$ 0.59	$ 0.36
Outstanding at end of year | shares	15,662	21,943
Outstanding at end of year | $ / shares	$ 1.06	$ 0.92
Exercisable as at end of year | shares	11,820	15,566
Outstanding at end of year | $ / shares	$ 0.91	$ 0.72

SCHEDULE OF STOCK ACTIVITY FOR

SCHEDULE OF STOCK ACTIVITY FOR RESTRICTED SHARE UNIT PLAN (Details) - Restricted Stock Units [Member] - shares shares in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Beginning balance	27,609	16,908
Granted	14,583	23,400
Vested and Issued	(13,896)	(10,631)
Forfeited	(1,199)	(2,068)
Beginning balance	27,097	27,609

SCHEDULE OF OF EFFECT OF SHARE-

SCHEDULE OF OF EFFECT OF SHARE-BASED PAYMENTS ON ENTITY'S PROFIT OR LOSS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
IfrsStatementLineItems [Line Items]
COGS – Agent Stock Based Compensation	$ 23,763	$ 10,512
Marketing Expenses – Agent Stock Based Compensation	7,137	5,950
Marketing Expenses – FTE Stock Based Compensation	11	35
Research and Development – FTE Stock Based Compensation	641	193
General and Administrative – FTE Stock Based Compensation	6,245	2,290
Total Stock Based Compensation	37,797	18,980
Options [Member]
IfrsStatementLineItems [Line Items]
COGS – Agent Stock Based Compensation
Marketing Expenses – Agent Stock Based Compensation	301	2,033
Marketing Expenses – FTE Stock Based Compensation	2	5
Research and Development – FTE Stock Based Compensation	20	68
General and Administrative – FTE Stock Based Compensation	1,448	1,166
Total Stock Based Compensation	1,771	3,272
Restricted Stock Units [Member]
IfrsStatementLineItems [Line Items]
COGS – Agent Stock Based Compensation	23,763	10,512
Marketing Expenses – Agent Stock Based Compensation	6,836	3,917
Marketing Expenses – FTE Stock Based Compensation	9	30
Research and Development – FTE Stock Based Compensation	621	125
General and Administrative – FTE Stock Based Compensation	4,797	1,124
Total Stock Based Compensation	$ 36,026	$ 15,708

SHARE-BASED PAYMENT ARRANGEME_3

SHARE-BASED PAYMENT ARRANGEMENTS (Details Narrative) - USD ($) $ / shares in Units, $ in Millions			9 Months Ended	12 Months Ended
	Jul. 14, 2022	Feb. 26, 2022	Sep. 30, 2024	Dec. 31, 2023	May 01, 2024	May 18, 2023	Dec. 31, 2022	May 19, 2022
IfrsStatementLineItems [Line Items]
Number of shares issued			14,100,000		189,000,000	180,000,000		178,300,000
Weighted average exercise price			$ 1.06	$ 0.92			$ 0.87
Weighted average remaining contractual life			6 years 9 months 18 days	8 years 9 months 18 days
Restricted Stock Units [Member]
IfrsStatementLineItems [Line Items]
Vesting term description			Each RSU, which has a vesting term of up to 3 years and is subject to forfeiture in certain circumstances, entitles the holder to one Common Share
Expense from share-based payment transactions			$ 3.9
Bonus Restricted Stock Units [Member]
IfrsStatementLineItems [Line Items]
Vesting term description			the Company issues additional RSUs (“Bonus RSUs”) with a value of (i) 10% of the commission withheld (the percentage was 15% previously) if an agent has not met the Cap and (ii) 20% of the commission withheld (the percentage was 30% previously) if an agent has met the Cap. The Bonus RSUs have a one-year vesting term and are subject to forfeiture in certain circumstances. The RSUs purchased under the program are expensed to cost of goods sold and the Bonus RSUs are expensed to stock-based compensation expense within marketing expenses. Bonus RSUs are amortized over the vesting period with a corresponding increase in stock-based compensation reserve.
Omnibus Incentive Plan [Member]
IfrsStatementLineItems [Line Items]
Percentage of common stock issued and outstanding	15%	20%
Number of shares issued		35,600,000
Number of shares authorized	70,000,000

SCHEDULE OF DETAILED INFORMAT_2

SCHEDULE OF DETAILED INFORMATION ABOUT INVESTMENT IN AVAILABLE FOR SALE SECURITIES AT FAIR VALUE (Details) - Financial assets available-for-sale, category [member] $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
IfrsStatementLineItems [Line Items]
Financial assets, at fair value	$ 14,222
Deposit withdraw	(4,250)
Investment income	369
Gross Unrealized Gains/(Losses)	57
Financial assets, at fair value	10,398
Cash Investments [Member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value	6,531
Deposit withdraw	(6,728)
Investment income	225
Gross Unrealized Gains/(Losses)
Financial assets, at fair value	28
Fixed Incomes [Member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value	7,597
Deposit withdraw	2,478
Investment income	144
Gross Unrealized Gains/(Losses)	95
Financial assets, at fair value	10,314
Investment certificate [Member]
IfrsStatementLineItems [Line Items]
Financial assets, at fair value	94
Deposit withdraw
Investment income
Gross Unrealized Gains/(Losses)	(38)
Financial assets, at fair value	$ 56

INVESTMENTS IN AVAILABLE FOR _3

INVESTMENTS IN AVAILABLE FOR SALE SECURITIES AT FAIR VALUE (Details Narrative)	9 Months Ended
	Sep. 30, 2024
Investments In Available For Sale Securities At Fair Value
Investment portfolio maturity period	20 years

SCHEDULE OF DETAILED INFORMAT_3

SCHEDULE OF DETAILED INFORMATION ABOUT PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	$ 1,600	$ 1,600
Ending Balance	2,209	1,600
Accumulated depreciation, amortisation and impairment [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	492	241
Disposals	(17)	(65)
Depreciation	355	316
Ending Balance	830	492
Computer equipment [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	421	421
Ending Balance	469	421
Computer equipment [member] | Accumulated depreciation, amortisation and impairment [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	243	118
Disposals	(17)
Depreciation	100	125
Ending Balance	326	243
Software [Member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	1,170	1,170
Ending Balance	1,731	1,170
Software [Member] | Accumulated depreciation, amortisation and impairment [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	248	57
Disposals
Depreciation	255	191
Ending Balance	503	248
Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	9	9
Ending Balance	9	9
Fixtures and fittings [member] | Accumulated depreciation, amortisation and impairment [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	1	66
Disposals		(65)
Depreciation
Ending Balance	1	1
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	2,092	1,591
Disposals	(17)	(86)
Additions	964	587
Ending Balance	3,039	2,092
Gross carrying amount [member] | Computer equipment [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	664	526
Disposals	(17)
Additions	148	138
Ending Balance	795	664
Gross carrying amount [member] | Software [Member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	1,418	969
Disposals
Additions	816	449
Ending Balance	2,234	1,418
Gross carrying amount [member] | Fixtures and fittings [member]
IfrsStatementLineItems [Line Items]
Balance at December 31, 2023	10	96
Disposals		(86)
Additions
Ending Balance	$ 10	$ 10

SCHEDULE OF DETAILED INFORMAT_4

SCHEDULE OF DETAILED INFORMATION ABOUT INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Beginning Balance		$ 3,442
Ending Balance	$ 2,788
Accumulated depreciation, amortisation and impairment [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	1,021	225
Depreciation	669	796
Ending Balance	1,690	1,021
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	4,463	3,933
Purchase Price Allocation Adjustment		530
Additions	15
Ending Balance	$ 4,478	$ 4,463

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative)	9 Months Ended
	Sep. 30, 2024
Disclosure of detailed information about intangible assets [abstract]
Intangible asset useful lives	5 years

SCHEDULE OF DETAILED INFORMAT_5

SCHEDULE OF DETAILED INFORMATION ABOUT ACQUISITIONS OF BUSINESS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Beginning Balance	$ 8,993
Ending Balance	8,993	$ 8,993
Realty Crunch In [Member]
IfrsStatementLineItems [Line Items]
Ending Balance	602
Expetitle [Member]
IfrsStatementLineItems [Line Items]
Ending Balance	7,670
Lemon Brew [Member]
IfrsStatementLineItems [Line Items]
Ending Balance	721
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Beginning Balance	8,993	10,262
Impairment		(723)
Adjustments		(546)
Additions
Ending Balance	8,993	8,993
Gross carrying amount [member] | Realty Crunch In [Member]
IfrsStatementLineItems [Line Items]
Beginning Balance	602	602
Impairment
Adjustments
Additions
Ending Balance	602	602
Gross carrying amount [member] | Expetitle [Member]
IfrsStatementLineItems [Line Items]
Beginning Balance	7,670	8,393
Impairment		(723)
Adjustments
Additions
Ending Balance	7,670	7,670
Gross carrying amount [member] | Lemon Brew [Member]
IfrsStatementLineItems [Line Items]
Beginning Balance	721	1,267
Impairment
Adjustments		(546)
Additions
Ending Balance	$ 721	$ 721

SCHEDULE OF DETAILED INFORMAT_6

SCHEDULE OF DETAILED INFORMATION ABOUT RESERVES WITHIN EQUITY (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Authorized [Member]
IfrsStatementLineItems [Line Items]
Authorized shares, description	unlimited	unlimited
Issued And Paid [Member]
IfrsStatementLineItems [Line Items]
Authorized shares, description	197,738	183,605

CAPITAL AND RESERVES (Details N

CAPITAL AND RESERVES (Details Narrative) - USD ($) $ in Thousands, shares in Millions	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	May 01, 2024	Dec. 31, 2023	May 18, 2023	May 19, 2022
IfrsStatementLineItems [Line Items]
Number of shares issued	14.1		189		180	178.3
Issuance of common shares	2.7	0.1
Issuance of common	$ 15,100	$ 400
Treasury shares	1,228			$ 257
Capital reserve [member]
IfrsStatementLineItems [Line Items]
Treasury shares	$ 194			$ 175

SCHEDULE OF DETAILED INFORMAT_7

SCHEDULE OF DETAILED INFORMATION ABOUT LIQUIDITY (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Liquidity And Capital Resources
Cash	$ 21,580	$ 14,707
Other Receivables	43	63
Investments in Financial Assets	10,398	14,222
Total	$ 32,021	$ 28,992

SCHEDULE OF CARRYING VALUES OF

SCHEDULE OF CARRYING VALUES OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Investments in Financial Assets	$ 10,398	$ 14,222
Cash	21,580	14,707
Restricted Cash	27,516	12,948
Funds Held in Restricted Escrow Account	9,250
Trade Receivables	17,305	6,441
Other Receivables	43	63
Accrued Liabilities	30,991	13,374
Customer Deposits	27,516	12,948
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Cash	21,580	14,707
Restricted Cash	27,516	12,948
Funds Held in Restricted Escrow Account	9,250
Trade Receivables	17,305	6,441
Other Receivables	43	63
Total Financial Assets Not Measured at Fair Value (FV)	75,694	34,159
Accounts Payable	1,133	571
Accrued Liabilities	30,991	13,374
Customer Deposits	27,516	12,948
Other Payables	12,843	302
Total Financial Liabilities Not Measured at Fair Value (FV)	72,483	27,195
Gross carrying amount [member] | Financial assets at amortised cost, category [member]
IfrsStatementLineItems [Line Items]
Cash	21,580	14,707
Restricted Cash	27,516	12,948
Funds Held in Restricted Escrow Account	9,250
Trade Receivables	17,305	6,441
Other Receivables	43	63
Total Financial Assets Not Measured at Fair Value (FV)	75,694	34,159
At fair value [member]
IfrsStatementLineItems [Line Items]
Investments in Financial Assets	10,398	14,222
Total Financial Assets Measured at Fair Value (FV)	10,398	14,222
Cash
Restricted Cash
Funds Held in Restricted Escrow Account
Trade Receivables
Other Receivables
Total Financial Assets Not Measured at Fair Value (FV)
Accounts Payable	1,133	571
Accrued Liabilities	30,991	13,374
Customer Deposits	27,516	12,948
Other Payables	12,843	302
Total Financial Liabilities Not Measured at Fair Value (FV)	72,483	27,195
At fair value [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Total Financial Assets Measured at Fair Value (FV)		269
Level 1 of fair value hierarchy [member] | At fair value [member]
IfrsStatementLineItems [Line Items]
Investments in Financial Assets	10,398	14,222
Total Financial Assets Measured at Fair Value (FV)	10,398	14,222
Cash
Restricted Cash
Funds Held in Restricted Escrow Account
Trade Receivables
Other Receivables
Total Financial Assets Not Measured at Fair Value (FV)
Level 2 of fair value hierarchy [member] | At fair value [member]
IfrsStatementLineItems [Line Items]
Investments in Financial Assets
Cash
Restricted Cash
Funds Held in Restricted Escrow Account
Trade Receivables
Other Receivables
Total Financial Assets Not Measured at Fair Value (FV)
Level 2 of fair value hierarchy [member] | At fair value [member] | Warrants [member]
IfrsStatementLineItems [Line Items]
Total Financial Assets Measured at Fair Value (FV)		$ 269

SCHEDULE OF DETAILED INFORMAT_8

SCHEDULE OF DETAILED INFORMATION ABOUT CREDIT RISK TRADE RECEIVABLES AND CONTRACT ASSET BY GEOGRAPHIC REGION (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Trade Receivables	$ 17,305	$ 6,441
UNITED STATES
IfrsStatementLineItems [Line Items]
Trade Receivables	11,376	4,607
Other Regions [Member]
IfrsStatementLineItems [Line Items]
Trade Receivables	$ 5,929	$ 1,834

SCHEDULE OF DETAILED INFORMAT_9

SCHEDULE OF DETAILED INFORMATION ABOUT NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS (Details) ₪ in Thousands, $ in Thousands	Sep. 30, 2024 CAD ($)	Sep. 30, 2024 ILS (₪)	Dec. 31, 2023 CAD ($)	Dec. 31, 2023 ILS (₪)
Foreign Exchange Rate, Strengthening [Member] | Currency Risk Five Percent Movement [Member] | Average Rate [Member]
IfrsStatementLineItems [Line Items]
Interest rates | $	$ 324		$ 485
Foreign Exchange Rate, Strengthening [Member] | Currency Risk Five Percent Movement [Member] | Period End Spot Rate [Member]
IfrsStatementLineItems [Line Items]
Interest rates | $	441		655
Foreign Exchange Rate, Strengthening [Member] | Currency Risk Five Percent Movement In Ils [Member] | Period End Spot Rate [Member]
IfrsStatementLineItems [Line Items]
Interest rates | ₪		₪ (97)		₪ 121
Average Foreign Exchange Rate, Weakening Member [Member] | Currency Risk Five Percent Movement [Member] | Average Rate [Member]
IfrsStatementLineItems [Line Items]
Interest rates | $	(324)		(485)
Average Foreign Exchange Rate, Weakening Member [Member] | Currency Risk Five Percent Movement In Ils [Member] | Average Rate [Member]
IfrsStatementLineItems [Line Items]
Interest rates | ₪		26		(33)
Closing Foreign Exchange Rate Weakening [Member] | Currency Risk Five Percent Movement [Member]
IfrsStatementLineItems [Line Items]
Interest rates | $	$ (441)		$ (655)
Closing Foreign Exchange Rate Weakening [Member] | Currency Risk Five Percent Movement In Ils [Member] | Period End Spot Rate [Member]
IfrsStatementLineItems [Line Items]
Interest rates | ₪		97		(121)
Average Foreign Exchange Rate, Strengthening Member [Member] | Currency Risk Five Percent Movement In Ils [Member] | Average Rate [Member]
IfrsStatementLineItems [Line Items]
Interest rates | ₪		₪ (26)		₪ 33

SCHEDULE OF DETAILED INFORMA_10

SCHEDULE OF DETAILED INFORMATION ABOUT FOREIGN CURRENCY RISK MANAGEMENT (Details) ₪ in Thousands, $ in Thousands, $ in Thousands	Sep. 30, 2024 USD ($)	Sep. 30, 2024 CAD ($)	Sep. 30, 2024 ILS (₪)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CAD ($)	Dec. 31, 2023 ILS (₪)
Notes and other explanatory information [abstract]
Foreign currency denominated monetary liabilities	$ (28,909)	$ (28,842)	₪ (67)	$ (13,641)	$ (13,463)	₪ (178)
Foreign currency denominated monetary assets	$ 25,028	$ 17,386	₪ 7,642	$ 12,443	$ 4,949	₪ 7,494

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) $ in Thousands	Apr. 07, 2024 USD ($)
Settlement Agreement [Member]
IfrsStatementLineItems [Line Items]
Litigation settlement fund	$ 9,250

SCHEDULE OF DETAILED INFORMA_11

SCHEDULE OF DETAILED INFORMATION ABOUT RELATED PARTY (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Related Party Transactions
Salaries and Benefits	$ 2,834	$ 1,944
Stock-Based Compensation	5,559	2,814
Compensation Expenses for Related Parties	$ 8,393	$ 4,758

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	Sep. 30, 2024
Directors and Officers [Member]
IfrsStatementLineItems [Line Items]
Ownership percentage of voting shares	33.90%