La Rosa Reports on its Agent Incentive Plan
31 10월 2023 - 9:15PM
La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the
“Company”), a holding company for seven agent-centric,
technology-integrated, cloud-based, multi-service real estate
companies, today reported on its previously launched La Rosa
Holdings 2022 Agent Incentive Plan (“Agent Incentive Plan”). The
purpose of the Agent Incentive Plan is to further reinforce the
Company’s commitment to empowering agents and solidify their role
as agent-owners, which the Company believes represents the future
of real estate.
As previously announced in the Company's filings
with the United States Securities and Exchange Commission, the
Agent Incentive Plan was adopted in March 2022 as a voluntary
compensation plan for the Company’s agents.
The Agent Incentive Plan supports La Rosa real
estate agents that seek to invest in the Company and participate in
its expected success. The plan offers eligible agents an
opportunity to acquire the Company’s restricted common stock at a
20% discount to the market price (calculated based on the terms of
the plan) by utilizing a portion of their commissions from
transactions as described in the plan. This plan is designed to
align the long-term interests of agents and the Company by
empowering them as co-owners of the Company they help build.
Not only is the Company rewarding its dedicated
agents, but those agents also have the potential to receive
restricted common stock grants of up to $2,000 per year as a
further reward for closing more than 20 sales or reaching a
milestone of $6 million in total sales and staying with the Company
for 12 months thereafter. La Rosa’s commitment to creating
opportunities extends beyond its agents' individual success.
Reflecting the Company’s focus on teamwork and collaboration, it
also offers agents an opportunity to earn $200 in restricted common
stock grants for every agent they refer to the Company under
conditions described in the plan. Additionally, when they refer
more than ten agents in the calendar year, they qualify for a bonus
from $8,000 to $10,000 in stock grants. This means that for every
eleven agents an individual refers within a calendar year, they can
earn up to $10,000 in stock grants. The referral program is
designed to not only promote the growth of the Company but also
enable agents to benefit from expanding the Company's network of
like-minded professionals.
The participation in the Agent Incentive Plan is
subject to the eligibility requirements and terms and conditions
described in the plan, which the Company encourages its agents to
carefully review before joining the program.
Joe La Rosa, CEO of the Company, commented, “At
the heart of the Company’s philosophy is the belief that the future
of the real estate industry lies in creating opportunities for
agents to become true agent-owners, fostering the next generation
of real estate professionals. We believe that we have consistently
been at the forefront of innovation in the real estate industry,
and our Agent Incentive Plan further cements our reputation as a
company that prioritizes the success and well-being of its
agents.”
“We believe our Agent Incentive Plan is a
game-changer for agents who are poised to benefit, not only from
their individual achievements, but also from their collective stake
in the Company. With a focus on agent ownership, empowerment, and
rewards, in our opinion, the Company is well on its way to becoming
a true leader in real estate. As La Rosa continues to grow and
thrive, our agents can look forward to benefitting from what we
believe will be a very bright and prosperous future for the
Company,” concluded, Mr. La Rosa.
About La Rosa Holdings Corp.
La Rosa is a holding company for seven
agent-centric, technology-integrated, cloud-based, multi-service
real estate companies. In addition to providing person-to-person
residential and commercial real estate brokerage services to the
public, the Company cross-sells ancillary technology-based products
and services primarily to its sales agents and the sales agents
associated with their franchisees. La Rosa’s business is organized
based on the services they provide internally to their agents and
to the public, which are residential and commercial real estate
brokerage, franchising, real estate brokerage education and
coaching, and property management. La Rosa has seven La Rosa Realty
corporate real estate brokerage offices located in Florida, 26 La
Rosa Realty franchised real estate brokerage offices in six states
in the United States and Puerto Rico. The Company’s real estate
brokerage offices, both corporate and franchised, are staffed with
more than 2,380 licensed real estate brokers and sales
associates.
For more information, please visit:
https://www.larosaholdings.com
Forward-Looking Statements
This press release contains forward-looking
statements regarding the Company’s current expectations that are
subject to various risks and uncertainties. Such statements include
statements regarding the Company’s ability to grow its business and
other statements that are not historical facts, including
statements which may be accompanied by the words “intends,” “may,”
“will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,”
“estimates,” “aims,” “believes,” “hopes,” “potential” or similar
words. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict. Actual results could
differ materially from those described in these forward-looking
statements due to certain factors, including without limitation,
the Company's ability to achieve profitable operations, customer
acceptance of new services, the demand for the Company’s services
and the Company’s customers' economic condition, the impact of
competitive services and pricing, general economic conditions and
other risk factors detailed in the Company's filings with the
United States Securities and Exchange Commission (the "SEC”). You
are urged to carefully review and consider any cautionary
statements and other disclosures, including the statements made
under the headings “Risk Factors” and elsewhere in documents that
we file from time to time with the SEC. Forward-looking statements
contained in this press release are made only as of the date
of the this press release, and La Rosa does not undertake any
responsibility to update any forward-looking statements in this
release, except as may be required by applicable law. References
and links to websites have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
For more information, contact:
info@larosaholdings.com
Investor Relations Contact:Crescendo
Communications, LLCDavid Waldman/Natalya RudmanTel: (212) 671-1020
Email: LRHC@crescendo-ir.com
La Rosa (NASDAQ:LRHC)
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La Rosa (NASDAQ:LRHC)
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