EXP WORLD HOLDINGS - EXP

eXp Shows Resilience in Q1 2023 Results

On 2 May 2023, eXp World Holdings published its financial results for the first quarter ended 31 March 2023. Despite challenging market conditions, eXp remained resilient, showing a positive net income, agent count growth, and more than $39 million generated in operating cash flow. True to our commitment of shaping the future of real estate, we’ve invested in synergistic products and technologies that will allow for limitless eXpansion and provide the necessary support to our agents,

Our variable cost model and unwavering commitment to our agent value proposition are two aspects that helped us weather the storm in the first quarter of 2023, amid the global residential real estate

According to Jeff Whiteside, CFO and Chief Collaboration Officer of eXp World Holdings, “Our International Realty segment had a record revenue quarter with 52% year-over-year growth, and we remain focused on driving durable, profitable growth across the eXp World Holdings portfolio.”

Some of the operational highlights from the Q1 2023 report include: eXp Realty ended Q1 of 2023 with a global Net Promoter Score of 70, a measure of agent satisfaction, as part of our intense focus on improving the agent experience.

Announced partnership with Realty.com, a listings platform that connects qualified sellers and buyers directly with real estate agents, including exclusive enhanced services and pricing.

Appointed Peggie Pelosi to the Company’s Board of Directors, effective 26 January 2023.

Announced Amy Somerville as Chief Executive Officer, SUCCESS Enterprises.

We’re eXpanding Our Leadership Teams in Caribbean and Latin American Countries!

On 3 May 2023, eXp Realty® announced an eXpansion of the Leadership Teams for several Caribbean and Latin American countries, strengthening our regional presence and collaboration efforts to drive growth. We are certain that eXp will continue to soar to new heights under the newly appointed leadership.

Assuming new positions are Virginia Restrepo (Director of eXp Colombia & eXp Chile) and Victor Goytia (Director of eXp Dominican Republic, Puerto Rico and Panama).

Victor Goytia | Director, Puerto Rico, Panama and the Dominican Republic

Victor Goytia will lead eXp Realty’s brokerage operations in Puerto Rico, Panama and the Dominican Republic as Director. Goytia has successfully led the operations for eXp Puerto Rico for over two years, turning brand recognition into sizable growth in both agent count and revenue, and this appointment represents an expansion of his current role.

Virginia Restrepo | Director, Chile and Colombia

Virginia Restrepo will lead brokerage operations in both Chile and Colombia as Director. Restrepo joined eXp in 2022 as Director of eXp Chile with several years’ experience in real estate sales and management roles, and she has successfully activated the brand across the Chilean market in a short time. This new appointment also represents an expansion of her current role.

“We are thrilled to announce these leadership updates as we enhance our agent-centric growth efforts across the region with the world’s leading agent value proposition,” says Meghan Kelley, Vice President, Global Operations, eXp Realty.

“The Caribbean and Latin American region has proven to be a diverse market with tremendous growth opportunities, and these leadership updates strategically represent our desire to expand an already strong presence in the region. Victor and Virginia have proven leadership skills and unique skillsets that will help to drive growth in these key countries,” Kelley adds.

Congratulations to Victor Goytia and Virginia Restrepo , we are eXcited to see what the future holds for you in your new positions!

eXp Makes 2023 RealTrends GameChangers List

If you didn't know, eXp Realty is changing the game, but don't just take our word for it! Boasting a 441% growth over the last five years, eXp is one of only 18 named on the 2023 RealTrends GameChanger list, a feat truly worth celebrating! This marks eXp’s return to the list for a third consecutive year.

In 2022, eXp was among the top three independent brokerages on the list, after recording an astronomical increase of 1,342% in transaction sides over a five-year period. Prior to that in 2021, eXp claimed the top spot with Glenn Sanford at the helm, recording a whopping 2,418% growth.

“While my name is on the award, it’s really a tribute to eXp Realty’s agents and brokers who have worked hard to generate record production levels in the past five years to achieve this recognition,” . “It’s just another validation of eXp’s exponential success in empowering the new economy through our people, platforms and personal and professional development,” he

It’s been 14 successful years of eXp Realty and five years since our listing on Nasdaq. Glenn has built the most agent-centric brokerage on the planet, constantly putting himself in the shoes of the agent and asking, “What can I do to make this a better brokerage?” Time and time again, he listens and makes the changes necessary to positively impact the lives of our agents, which is one of the reasons why we are the fastest-growing brokerage on the planet.

We cannot wait to see what the future holds for eXp Realty!

Click here to view the 2023 RealTrends GameChangers list.