LPT Realty

Overview

LPT Realty is a residential real estate brokerage launched in 2022 by Robert Palmer, who had previously founded the mortgage company RP Funding. The brokerage runs on a cloud/virtual model, meaning agents operate under the LPT license largely without traditional branch offices, drawing on centralized marketing, technology, and training resources coordinated from its Lake Mary, Florida headquarters. Rather than transacting directly with home buyers or sellers, LPT Realty's core offering is aimed at licensed real estate agents: it lets them pick between a low flat per-transaction fee plan or a percentage-split plan, each with an annual cap, and it supplements this with a multi-level revenue-share structure tied to agent recruiting plus company stock grants for qualifying activity. Agents pay a separate annual fee and per-transaction technology fee on top of their chosen plan. Since launching, the company has expanded quickly, reporting billions of dollars in aggregate annual sales volume and roughly 15,000 affiliated agents by 2024. Its parent entity, LPT Holdings, has been acquiring adjacent technology companies, has launched a sibling luxury brokerage brand (Aperture Global Real Estate), and has reserved the Nasdaq ticker "LPTA" while publicly signaling an intent to pursue an initial public offering, though as of this writing the company remains privately held.