EXP WORLD HOLDINGSEXP REALTY NEWS

On 28 February 2023, eXp World Holdings, Inc. (Nasdaq: EXPI), announced its Q4 and full-year results for 2022. With a revenue of $4.6 billion last year, eXp saw a 22% year-on-year revenue increase, which is incredible news! The company also declared a cash dividend of $0.045 per share of common stock in Q1 of 2023.

Founder and Chairman, Glenn Sanford will also be returning as CEO of eXp Realty in 2023, and he had this to say, “I am excited to return as CEO of eXp Realty to drive our next phase of growth by doubling down on agent-centric innovation. Our model was designed to withstand varying market conditions, which uniquely positions us to continue investing in the agent eXperience in a down market. In turn, we maximise long-term growth and profitability.”

He went on to say, “Thanks to the hard work of our agents and our industry-leading operating efficiency, our core eXp Realty North American business remained solidly profitable in the fourth quarter, despite the market downturn.” eXp has been rapidly growing, and we are certain that we will continue on this trajectory. With an agent-centric model that places focus on our Property Practitioners and enhancing their lives, eXp is bound to reach all corners of the globe and completely transform the landscape of digital real estate!

With these results, it’s no wonder that the number of agents and brokers on the eXp Realty platform increased by 21% over the last year!

Over $240 Million Paid Out in Revenue Share and Equity Benefits

At eXp, our focus is our agents, and with this as our guiding principle, we have created an agent-centric model which puts our Property Practitioners and their needs first. To create multiple streams of income for agents, eXp offers revenue share and equity benefits, which help brokers and agents earn more.

In March 2023, eXp Realty announced that it had paid over $240 million in revenue share and equity benefits to agents and brokers in 2022.

This competitive compensation model is one of the many reasons for eXp’s continued agent growth and brokerage expansion. Revenue share in 2022 increased by 20% to $202 million, while eXp World Holdings issued over 2.5 million EXPI shares to agents, valued at more than $42.5 million!

Glenn Sanford, Founder and CEO of eXp Realty, said, “When eXp Realty was founded, we set out to build the most agent-centric brokerage that solved the biggest pain point in real estate for agents.

“An important part of building eXp was designing a truly aligned compensation model that rewards agents for their production and contribution to the company’s growth. As we have disclosed in our fourth quarter and full-year 2022 results, our model and core business have proven to be sustainable in both good and bad markets. More importantly, this proves that we are delivering on the promise we made to agents when eXp was founded in 2009. By building the most agent-centric real estate brokerage on the planet, we continue to grow, improving the lives of agents around the he added.

Glenn Sanford Returns as eXp Realty CEO

On 3 January 2023, eXp World Holdings, Inc. (Nasdaq: EXPI), announced the return of Glenn Sanford, eXp World Holdings Founder, Chairman and CEO, as eXp Realty’s CEO, in addition to his current responsibilities. Sanford will assume the CEO responsibilities with a primary objective of driving the next phase of growth while iterating the agent value proposition, as well as building the next generation at eXp Realty amid challenges in the real estate market.

Sanford launched eXp Realty in 2009 and was a member of the Agent Technology Council in the areas of online client acquisition, client conversion, and technology. He has made eXp Realty the largest independent real estate company in the world, was voted the #2 “Mover and Shaker in the Real Estate World” in 2022, and recently took his place on the Forbes billionaires list.

eXp Continues Global Expansion, Now with Operations in 24 Countries and Counting…!

eXp is on an expansion roll! Since its inception in 2008, the company has grown to over 87,000 agents operating in more than 24 countries. By focusing on building an agent-centric business, eXp has been able to attract top talent from across the globe to build a better, stronger company.

eXp offers multiple methods of earning, such as amazing commission splits, revenue share, and equity, along with the cutting-edge technology of a virtual work environment, free training and coaching sessions, as well as access to local and international listings and databases. Thanks to all these amazing benefits, eXp is now attracting more agents than ever, which has led to the company expanding across the globe.

In 2022 alone, eXp expanded to six new international locations! We successfully started operations in the Dominican Republic, Greece, New Zealand, Chile, and Poland, with plans to expand to Dubai in 2023.

This is the kind of growth that can be expected from one of the fastest-growing real estate brokerages in the world, and we are so excited to see where else in the world this journey takes us this year!

eXp Realty Named One of Glassdoor’s “Best Places to Work” for 6th Consecutive Year!

eXp Realty has once again proven that it is one of the fastest-growing brokerages in the world, and indeed one of the best companies to work for! Operating in 23 countries and with more than 87,000 agents worldwide, eXp has been rapidly gaining popularity.

Another feather in our cap comes at the start of 2023.

For the sixth consecutive year, eXp Realty has been named one of Glassdoor’s “Best Places to Work,” as voted by you and the public. This phenomenal achievement couldn’t make us any prouder!

eXp Realty took the #20 spot on Glassdoor’s 2023 list of “100 Best Places to Work” in the Large Company category in the U.S., whilst eXp Canada placed seventh out of 50 on Glassdoor’s “Best Places to Work in Canada” list, moving up from #15 last year!

“Our continual focus on iterating the agent value proposition, with the intention of being the most agent-centric real estate brokerage on the planet, has attracted some of the brightest and most service-oriented professionals in the industry,” said Glenn Sanford, Founder, CEO and Chairman of eXp World Holdings and CEO of eXp Realty. “By focusing 100% on improving the lives of our agents and their customers, we have built the fastest-growing real estate company,” he added.

Let’s Get Social!

At eXp, we have taken all the conveniences of modern technology and combined them with traditional business to create a digital brokerage that is one of the largest in the world, offering you 24/7 collaborative technology at your fingertips.

By using cutting-edge tools, such as eXp World, Workplace and WorkChat platforms, we have made it simpler for our Property Practitioners and staff to communicate and collaborate effortlessly.

You can now simplify how you communicate with fellow eXp Property Practitioners by using our incredible Workplace and WorkChat programmes. These help eXp agents interact seamlessly with each other through quick chat settings, making collaboration between agents across the globe

All these connective platforms are used 24/7, illustrating their importance in creating and building successful real estate businesses in this new-age digital world. The use of these effective communication tools also affords our Property Practitioners the opportunity to network with agents in South Africa and across the globe, allowing for an enhanced working eXperience.

Make Your Metaverse with eXp!

eXp is committed to digital innovation in the real estate space and thus, has incorporated many impressive online technologies to help the company thrive and meet the demands of Property Practitioners within South Africa and across the globe.

With our Virbela® and Frame™ metaverse offerings, we provide an ecosystem of immersive technologies which aim to redefine the modern workspace. Virbela®, with its new virtual campus that offers expansive spaces for collaboration, learning, and community-building, empowers the world’s most innovative companies to create experiences that foster partnerships. Frame™ continues to push the limits of what can be done in virtual spaces through state-of-the-art technology that is accessible from desktop and mobile browsers, as well as a digital app. With this virtual reality setup, our Property Practitioners can host/join meetings, learning sessions, events, and even open houses!

With access to these innovative virtual reality technologies, you can change the way you do real estate and elevate your business to the next level. At eXp, we will always strive to be at the forefront of digital innovation!

eXp Shareholders Summit 2023

Mark your calendars because the annual eXp Shareholder Summit is coming soon! Taking place from 17-20 May 2023 in Orlando, Florida, the summit promises to help you scale and take your real estate business to new heights in four unforgettable days of learning and networking. Featuring numerous guest speakers and eXp senior management, the event promises to equip you with information that matters, including growth and business strategies, networking opportunities, as well as motivational talks to

EXPCON 2023 – eXp’s Premier Event!

encourage a positive mindset.

For more information on the event or to book your virtual seat, visit https://expshareholdersummit.com/

Don’t miss your opportunity to interact with speakers, fellow Property Practitioners, and other investors, all while learning more about eXp itself!

Save the date because eXp’s premier event of the year is ahead!

EXPCON 2023, taking place from 2-5 October 2023 at Mandalay Bay in Las Vegas, offers you an unforgettable opportunity to connect with an eXceptional community of eXp industry leaders and like-minded professionals and learn from top producers and team leaders.

At the event, you can expect a multitude of eXp Agents to share industry knowledge and know-how with you, an opportunity to network with key influencers, and a chance to share your ideas and build your business with key insights and thought leadership.

For more information on the event, visit https://expcon.exprealty.com/ or click here to pre-register for EXPCON 2023.