Company: RMSGW
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001641172-25-021609
Chunk: 6

Company: Real Messenger Corp
Filing Date: 2025-07-31
Form: 20-F
Item: Item 3
Chunk 6
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 exposed to broader systemic risks, including a tightening regulatory environment, potential changes to tax
laws, and environmental risks such as climate-related disasters, which can destabilize local housing markets. Weakness or instability
in financial institutions could reduce access to mortgage financing, further compounding these pressures.

Monetary
policies of the U. S. federal government and its agencies may have an adverse impact on the residential brokerage market, influencing
the results of our operations and financial condition.

Monetary
policies enacted by the federal government and its agencies have a significant impact on our business, financial condition, and results
of operations. The residential real estate market is particularly influenced by the policies of the Federal Reserve Board, which regulate
the supply of money and credit in the U. S. economy and influence home mortgage interest rates.

As
of the second quarter of 2025, mortgage rates remain elevated compared to pre-2022 levels, despite recent efforts by the Federal Reserve
to ease monetary policy. Persistently high mortgage rates continue to weigh on housing affordability and have contributed to a prolonged
period of subdued transaction volume. Companies involved in the residential real estate sector have experienced - and may continue
to experience - negative effects from this high interest rate environment.

Rising
mortgage rates can lead potential home sellers to delay listing their properties, opting to retain lower-rate mortgages rather than incur
higher financing costs on new purchases. Similarly, many potential homebuyers may choose to rent rather than face higher monthly mortgage
payments, reducing overall market activity. These dynamics create a structural shift in the housing market, impacting supply, demand,
and transaction velocity over the medium to long term.

Changes
in Federal Reserve policies, the interest rate environment, and mortgage market conditions remain largely beyond our control and difficult
to predict. These factors pose ongoing risks that could materially and adversely affect our business, results of operations, and financial
condition.

   8  

Ongoing
antitrust litigation involving real estate brokerage firms, the National Association of Realtors (NAR) and related real estate industry
participants, could result in material changes to the residential real estate market, which may present both opportunities for our business,
and risks that are difficult to quantify.

Although
we believe that our technology is likely to fare well amid industry disruption, we cannot provide assurance that this will be the case.
Ongoing antitrust litigation (including any injunctive relief, appeals or settlements), either alone or in combination with related regulatory
or governmental actions, or any resulting changes to