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Agent Count Increased 50% Year-over-year
BELLINGHAM, Wash., June 03, 2020 (GLOBE NEWSWIRE) — eXp Realty, the fastest-growing, global residential real estate company, today announced that the company has exceeded 30,000 real estate agents across the United States, Canada, the United Kingdom and Australia. This important company milestone represents an increase of 10,000 agents year-over-year (50 percent).
This comes on the heels of being named for the third consecutive year to the Swanepoel Mega 1000 list, which ranks the top 1,000 U.S. residential real estate brokerages. eXp Realty was ranked No. 2 for top mover for sales volume growth year-over-year, No. 3 for closed transaction sides in 2019 and agent count at the end of 2019, and No. 4 for closed sales volume in 2019.
“This has been another exceptional year of growth with an additional 10,000 agents finding their home at eXp,” said eXp Realty CEO Jason Gesing. “It is clear that our innovative cloud-based platform and recognition are turning heads among agents, teams and broker owners. Additionally, the current climate of remote work due to the global pandemic has further accelerated eXp’s desirability for its virtual office environment, where agents are free from the confines of brick-and-mortar offices.”
About eXp Realty
eXp Realty is an eXp World Holdings, Inc. (NASDAQ: EXPI) company. eXp World Holdings also owns VirBELA.
eXp Realty, The Real Estate Cloud Brokerage, is the fastest-growing, global residential real estate company with more than 30,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.
VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.
Connect with eXp World Holdings and its companies: https://expworldholdings.com/social.
Media Relations Contact:
Cynthia Nowak
Vice President, Marketing and Communications, eXp World Holdings
360.419.5285 ext. 116
[emailprotected]
Investor Relations Contact:
Raymond “RJ” Jones
Executive Vice President, Finance and Growth, eXp World Holdings
360.761.4393
[emailprotected]
FAQs
Many real estate agents leave eXp Realty to pursue opportunities where they can build their personal brand. While eXp Realty offers numerous resources and tools for agents, some individuals seek greater control over their marketing and branding.
How many agents does eXp have right now? ›
At eXp Realty, we're proud to be the world's fastest-growing brokerage with more than 85,000+ agents. Here are just some of our agents' stories.
Why are so many agents joining eXp? ›
Agents benefit from 24/7 support, training, collaborative tools, and revenue opportunities. By utilizing the virtual office, agents can streamline operations, connect efficiently, and bolster their earnings. What sets eXp apart is its focus on maximizing agents' income potential through various avenues.
Why is eXp not a pyramid scheme? ›
A naked pyramid scheme is when individuals don't sell any products. Instead, commissions are earned solely by recruiting others. However, EXP Realty agents make money by selling houses, as they are legitimate real estate agents who earn a commission.
What is the controversy with eXp Realty? ›
It described a lawsuit brought against eXp Realty, one of the fastest-growing brokerages in the United States; in the suit, several current and former female eXp agents claimed that two male agents had preyed upon them during work events and had drugged and sexually assaulted some of them.
Is eXp Realty losing money? ›
The $21.2 million net loss in Q4 widened significantly from a year prior, when the company lost $7.2 million. Overall, eXp World Holdings sustained a net loss of $9 million in 2023, compared to a net profit of $15.4 million in 2022. Revenue and operating expenses rose simultaneously.
Who is the best eXp agent? ›
How much debt does eXp have? ›
Total debt by year
| Year | Total debt | Change |
|---|
| 2022-12-31 | $0.86 M | -19.24% |
| 2021-12-31 | $1.07 M | 31.22% |
| 2020-12-31 | $0.82 M | -35.13% |
| 2019-12-31 | $1.26 M | |
10 more rowsThe top-producing agents either generate their own leads or buy their leads. At eXp Realty, you can pay $250 per month to receive leads. That's a minimal cost, especially since the program generates between 10-25 leads per month.
Is XP a 100% commission? ›
For the vast majority of eXp agents, the eXp Realty commission split is simply 80/20: 80% of each commission check goes to the agent, and 20% goes to eXp Realty. This happens on every transaction until an agent caps and then goes to 100% commission!
With the Sustainable Equity Plan (aka eXp Realty Stock Awards), eXp agents receive stock awards for accomplishing specific goals each year. You'll earn EXPI stock shares when you: Close on your first transaction each year ($200 worth of EXPI stock) Reach or exceed your annual commission cap ($400 worth of EXPI stock)
Is eXp Realty legitimate? ›
Founded in 2009, eXp Realty is a U.S-based real estate brokerage with more than 89,000 agents who work in 24 markets around the world. It's also one of the fastest-growing brokerages in the world: In mid-2020 eXp had 30,000 agents; that figure nearly tripled in about three years.
Who owns eXp Realty? ›
Glenn Sanford is the founder eXp Realty, CEO of eXp World Holdings, Inc. and Chief…
Is eXp the fastest-growing brokerage? ›
About eXp Realty
eXp Realty is the fastest-growing real estate brokerage in the world.
Is eXp World Holdings profitable? ›
Full-year gross profit decreased (12)% to $324.1 million in 2023 with gross profit of $70.9 million in the fourth quarter of 2023. Full-year net loss of $(9.0) million in 2023 with net loss of $(21.2) million in the fourth quarter of 2023.
Is eXp Realty growing? ›
EXP Realty Growth in Agent Count and Sales in 2022
EXP Realty grew to 86,203 agents by the end of 2022. In 2022, EXP Realty closed 397,138 transactions representing 159 billion in sales.
