Key Takeaways
- Co-founder Andrew Flachner returns as President and CEO, as Arthur Kaneko departs to pursue a new venture.
- RealScout promotes VP of Engineering Nick Blumenthal to COO and welcomes Seth Price as first CMO.
- Leadership transition comes as the company achieves record growth, with a 40% year-over-year increase in Annual Recurring Revenue (ARR), marking the strongest performance in its history.
Co-Founder Returns as CEO, with Key Leadership Changes to Strengthen RealScout’s Position and Accelerate Growth
CALIFORNIA — January 16, 2025 — RealScout, a leading real estate technology platform, today announced that Co-founder Andrew Flachner will return as President & CEO, succeeding Arthur Kaneko. The leadership transition comes as the company achieves record growth, with its platform nurturing 84% more prospective homebuyers and sellers year-over-year.
The announcement follows RealScout’s milestone of marking 40% year-over-year growth in Annual Recurring Revenue (ARR). Now trusted by over 100,000 agents nationwide, RealScout has established itself as the premier lead nurture platform in real estate, combining MLS integrations, market data, and marketing automation to help agents drive profitability amid industry headwinds.
“Real estate professionals are under more pressure than ever, and we’re committed to providing the tools they need to succeed,” said Flachner. “With our strengthened leadership team, RealScout is positioned to help our customers navigate today’s challenges while driving sustainable growth and profitability.”
As part of the leadership changes, RealScout has promoted Nick Blumenthal from VP of Engineering to Chief Operating Officer and welcomed Seth Price as its first Chief Marketing Officer. Blumenthal, a 10-year veteran of RealScout who helped shape the company’s platform, will now oversee operations. Price, known for scaling Placester to over 450,000 customers, brings extensive industry expertise to lead RealScout’s marketing and growth initiatives.
Flachner, who has served as President for the past seven years, has been instrumental in securing pivotal partnerships with Anywhere Real Estate, Sotheby’s International Realty, and HomeServices of America. His industry influence was recently recognized in the Swanepoel Power 200, where he ranked #124, climbing 75 spots from the previous year.
Arthur Kaneko, who successfully led RealScout as CEO since 2017, guided the company through significant milestones including a major restructuring, the COVID-19 pandemic, and dynamic market conditions. Under his leadership, RealScout expanded its reach and established key partnerships with industry leaders. Kaneko will continue to support the company as an advisor.
The leadership transition comes at a crucial time for the real estate industry, as agents and brokerages face challenges including tightening margins, the NAR Settlement implications, rising lead generation costs, and persistent low inventory. RealScout’s platform addresses these challenges by helping practitioners automate lead engagement, surface high-priority opportunities, and deliver actionable insights for sustainable growth.
For more information, visit www.realscout.com.
ABOUT REALSCOUT
RealScout is the #1 lead nurture platform in real estate, combining marketing automation with deep MLS integrations and market data to unlock growth for high-performance teams and brokerages. The platform automatically captures and nurtures leads with fresh listings, home value alerts, and market insights, while surfacing clear buying and selling signals to drive higher conversion rates. Trusted by over 100,000 agents nationwide, RealScout helps real estate businesses scale efficiently by automating engagement, eliminating guesswork, and maximizing ROI from both their existing database and new leads. For more information, visit www.realscout.com.
