eXp Realty Surpasses 82,000 Agents Worldwide
eXp Realty has broken records! In eight years, eXp Realty has grown from less than 300 agents to 82,000; from operations in less than half the United States, to operations in 21 countries; and from penny stocks to the NASDAQ. It has been an amazing seven years for us! Karen and I are happy we made the change.
United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece and New Zealand…lookout world!
But we believe eXp Realty is still in it’s early years…there is so much room for growth, it’s not too late to get in on the benefits of that growth.
eXp Realty Reports Record Revenue
In the first quarter 2022, revenue increased 73% year-over-year to $1.0 Billion, driven by agent growth of 55%. Gross profit increased 56% to $83.5 million.
EXPI Stock Dividends Added
In the second quarter of 2022 the Board of Directors began a cash dividend of $0.04 per share of common stock, paid at the end of May. What a nice way for the company to say, “thanks stock holders!”!
Come and Join Us!
Contact Chris Highland, 301-401-5119, for a thorough and friendly conversation about eXp Realty Maryland.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS®Enterprises.
eXp Realty is the fastest-growing real estate company in the world with more than 82,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece and New Zealand and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS®Enterprises, anchored bySUCCESS®magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.
For more information, visithttps://expworldholdings.com. This blog post is not a communication from eXp Realty, but a personal opinion.
As an expert in real estate and business, I can confidently delve into the details of the provided article and shed light on various concepts associated with eXp Realty's remarkable achievements. My extensive knowledge in this field allows me to dissect the information provided and offer insights that showcase a deep understanding of the real estate industry and the dynamics of companies like eXp Realty.
1. Growth Metrics and Global Expansion: eXp Realty's exponential growth is evident in the article, having skyrocketed from less than 300 agents to an impressive 82,000 within a span of eight years. The company has expanded its operations globally, operating in 21 countries, including the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, and many more. This global reach is a testament to eXp Realty's strategic approach and adaptability in diverse markets.
2. Financial Performance: The article highlights eXp Realty's financial success, citing a record-breaking revenue increase of 73% year-over-year in the first quarter of 2022, reaching $1.0 billion. This growth is attributed to a substantial 55% increase in agent numbers. The gross profit also saw a significant boost, increasing by 56% to $83.5 million. These financial metrics reflect the company's robust business model and its ability to capitalize on the real estate market's dynamics.
3. Stock Market Transition: eXp Realty's transition from penny stocks to being listed on the NASDAQ is a pivotal milestone. This move signifies the company's maturation and growing recognition in the financial market. The mention of dividends, with a cash dividend of $0.04 per share in the second quarter of 2022, further reinforces the company's commitment to shareholder value.
4. Global Presence: The extensive list of countries where eXp Realty operates, including the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, and others, underscores the company's global footprint. This widespread presence positions eXp Realty as a major player in the international real estate market.
5. Innovative Business Model: eXp Realty's success is attributed to its innovative business model, highlighted by the unique opportunity it provides real estate professionals to earn equity awards based on production goals and contributions to overall company growth. The mention of a cloud-based brokerage powered by Virbela, an immersive 3D platform, reflects the company's commitment to leveraging cutting-edge technology for enhanced collaboration and productivity.
6. Corporate Structure: The article mentions eXp World Holdings, Inc. (Nasdaq: EXPI), as the holding company for eXp Realty, Virbela, and SUCCESS Enterprises. This provides insights into the corporate structure, showcasing a diversified portfolio of businesses within the eXp umbrella.
In conclusion, eXp Realty's achievements, global expansion, financial success, stock market transition, and innovative business model position it as a leader in the real estate industry. The mentioned metrics and milestones validate the company's growth trajectory and underscore its potential for further expansion in the coming years.
