The Company’s intangible assets are finite lived and consist primarily of acquired technology, customer relationships and other identifiable assets, which are amortized on a straight-line basis over their useful life of 5 years. Intangible assets also includes $25 thousand of indefinite-lived trademarks that are not subject to amortization but reviewed annually for impairment.

On July 1, 2025, pursuant to the terms of an asset purchase agreement dated the same day, between the Company and Flyhomes, the Company acquired the AI-powered consumer home search portal and related technology assets of Flyhomes for an aggregate purchase price of $2.75 million. The purchase price was satisfied by cash in the amount of $2.75 million. The transaction was determined to be an asset acquisition in accordance with ASC 805. The acquired technology is amortized on a straight-line basis over a useful life of 5 years.

Reconciliation of Carrying Amounts (in thousands):

 SCHEDULE OF RECONCILIATION OF CARRYING AMOUNTS OF INTANGIBLE ASSETS

The Company recorded amortization expense of $362 thousand and $807 thousand for the three and nine months ended September 30, 2025, respectively, and $223 thousand and $669 thousand for the three and nine months ended September 30, 2024, respectively.

As of September 30, 2025, expected amortization (in thousands) related to intangible assets will be:

 SCHEDULE OF EXPECTED AMORTIZATION RELATED TO INTANGIBLE ASSETS

THE REAL BROKERAGE INC.

NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED SEPTEMBER 30, 2025 AND 2024

UNAUDITED