Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 7

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 7
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 competitive dynamics or consumer preferences, could materially adversely impact
the structure of the industry, including by potentially changing brokerage commission structures in ways that disincentivize real estate
agents, and potentially reducing the number of active real estate agents in the market particularly on the buyer agent side.

If
we do not anticipate and prepare for such changes, or capitalize upon them, they may adversely affect our services and financial results.

The
Company’s commercial and financial success depends on market acceptance, and if not achieved will result in the Company not being
able to generate revenue to support its operations.

The
commercial success of the Company depends, among other things, on market acceptance. The success of the Company’s products and
any new products and services that it may launch is dependent upon its ability to attract and retain a critical mass of users in potentially
diverse geographic locations. Competitive pricing and market acceptance also depends on the future pricing and availability of competing
services and the perceived comparative efficacy of its products. If the Company cannot monetize these services, or cannot offer competitive
pricing packages, its operating results and revenue generation efforts will be adversely affected.

If
agents and brokers do not understand the Company’s value proposition the Company may not be able to attract, retain and incentivize
agents.

Agents
may not appreciate the Company’s value proposition in respect of the technology platform, the mobility it affords, the systems
and tools that it provides to agents and brokers, among other benefits. If agents and brokers do not understand the elements of the Company’s
service offering, or do not perceive it to be more valuable than the models used by most competitors or the model used prior to joining
the Company’s network, the Company may not be able to attract, retain and incentivize new and existing agents and brokers to grow
their revenues.

If
the Company fails to grow in the various local markets that it serves in the future or is unsuccessful in identifying and pursuing
new business opportunities, the Company’s long-term prospects and profitability will be harmed.

To
capture and retain market share in the various local markets that the Company seeks to serve, it must compete successfully against
other brokerages for agents and brokers and for the consumer relationships that it brings. The Company’s competitors could
lower the fees that they charge to agents and brokers or could raise the compensation structure for those agents. The
Company’s competitors may have access to greater financial resources than it, allowing them to undertake expensive local
advertising or marketing efforts. In addition, the Company