The Future of Real Estate
The Future of Real Estate
How Agents Are Building Their Business at eXp Realty
Because eXp Realty is Agent-Owned
Because eXp Realty is Agent-Owned
Because eXp Realty Functions in A Cloud Office
Technology and electronic commerce has had an immense impact on the real estate industry. Our cloud-based platform provides
An agent-owned, cloud office environment allows agents coast to coast, to come together to collaborate in many ways
eXp Realty agents and brokers are working together to build businesses:
Our Values Include Collaboration and Learning Together
Check out our Blog:
eXp Realty published the quarterly and year-end earnings report. 2018 was a great year in every way! Here’s how the earnings and growth went:
Total revenue for the fourth quarter was $150 million. This was roughly three times the revenue of the fourth quarter of 2017, which was $48.2 million. This is a 96% increase.
Total revenue for the entire year 2018 was $500.1 million, a record amount. This was 220% more than the entire year 2017.
Agent count grew by 139% year over year. We now have close to 17,000 in 50 states and 3 provinces of Canada. We had just over 6500 at the end of 2017.
eXp closed 74,678 residential transactions in 2018, 195% more than in 2017. This represents $19.9 billion in volume, which is 226% more than 2017.
In October 2018, eXp Realty acquired VirBELA, the company that created our online virtual office. This allows eXp Realty to scale in amazing ways. We have employees from all over the United States, serving agents from 8 am Eastern Time to 5 pm Pacific Time.
EXPI started trading on Nasdaq in May 2018. Of course, stock goes up and down and cannot be predicted. Our first stock award was for .60 cents a share. Our first stock purchase (at a 20% discount with 5% of our commission) was for .60 cents a share.
Take a look at EXPI today We’re pretty happy with our stock.
Contact Chris Highland, Broker eXp Realty Maryland for more information: 301-401-5119.
Disclaimer: This is not an official communication from eXp World Holdings, or it’s subsidiaries. Chris Highland is an independent contractor with eXp Realty.
About eXp World Holdings
eXp World Holdings, Inc. (NASDAQ: EXPI) houses eXp Realty and eXp World Technologies, LLC, which operates the VirBELA platform and eXp World Marketplace.
eXp Realty is the first cloud-based real estate brokerage, the largest residential real estate brokerage by geography in North America, and the first and only real estate brokerage to operate as one brokerage in all 50 U.S. states. It is one of the fastest growing real estate brokerage firms in North America with more than 17,000 agents across 50 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.
VirBELA offers a modern, cloud-based environment focused on education and team development with clients in various industries from government to retail. VirBELA developed eXp Realty’s current cloud campus, which provides 24/7 access to collaborative tools, training and socialization for the company’s agents and staff.
For more information, please visit the company’s website at www.expworldholdings.com.
At eXp Realty we have a unique status called ICON, which comes with some amazing benefits. In most real estate brokerages, the big producers are recognized and rewarded. They bring a lot to the brokerage, both in income and in market share. They also bring that much desired “klout” to a brokerage. Rewards and accolades… Continue Reading
eXp Realty, LLC is a publicly traded company and has been trading on the Nasdaq since May 2018. While several eXp Realty agents, brokers, board, and staff were at the Inman News conference in New York City, they went to visit Nasdaq, and rang the closing bell. What fun! Here’s my Facebook Live video of… Continue Reading
eXp Realty announced today (Jan 18, 2019) that it surpassed 16,000 agents and brokers in North America, which represents an increase of more than 145 percent since the same time last year. Back in 2013 when the company planned the first equity incentives for agents, they had the target of 16,000 agents to mark the… Continue Reading
1. Fun Don’t take yourself too seriously. How can you not love a company that has FUN as one of it’s core values? Life and business doesn’t have to be dull. From scavenger hunts, fireworks on the beach, and Halloween decorations and costumes, the eXp world cloud campus is always a fun place. When you… Continue Reading
Of the nine core values at eXp Realty, one that continues to delight me is the core value of FUN. Most companies I’ve been involved with overlook this very basic human need. We really do need to enjoy our days, as much as possible. Here in eXp World, as well as at our live events,… Continue Reading
For the second year in a row, eXp Realty employees have ranked the company as one of the best places to work. The scoring is anonymous in Glassdoor’s 2019 Employees’ Choice Awards among U.S. small and medium businesses. The company earned a score of 4.5 out of 5 stars, with very high scores: 96 percent… Continue Reading
Since the beginning of the year, eXp Realty’s agent base has nearly tripled! The agent count in Maryland has grown from 31 to 230 year-over-year. This company is on the march! Since the beginning of the year, eXp Realty’s agent base has grown by more than 130 percent and last month opened in West Virginia,… Continue Reading
Lisa Lowe joins the leadership staff eXp Realty in Maryland, one of the fastest growing companies in the state. Lisa will serve as the Assistant State Broker of Maryland and the future State Administrative Broker of Washington D.C. Lisa brings a wealth of experience in brokerage operations, receiving her initial training from a real estate… Continue Reading
Since the beginning of the year, eXp Realty’s agent base has grown by more than 85 percent, nearly doubling agent count. In addition to tremendous growth this year, the company commenced trading on the Nasdaq Global Market exchange under the ticker symbol “EXPI” and expanded into British Columbia, Nebraska, South Dakota and Vermont. “Our momentum… Continue Reading
Why Join eXp Realty?
We do things differently, and we offer much more.
At eXp Realty, The Agent-Owned Cloud Brokerage®, our family of agents and brokers build their own businesses. They work, attend classes, strategize, collaborate, innovate, enjoy water-cooler chats, build teams, build unity and share experiences inside of our Cloud Office Environment.
Together, we’re leveraging Systems and Tools in order to grow an agent and broker-owned international, publicly-traded company.
eXp Realty agents and brokers are working together to build businesses, build and enhance brands, increase profitability, reduce overhead and risk, and achieve bold career and life goals, all while establishing a direct ownership interest in eXp Realty International Corporation as a shareholder and partner.
Here's a perspective from one of the top agents in the country:
“We live in a world of disruption. Companies like Uber and Airbnb are challenging the status quo of some of the most tried and true industries with their unique platforms. eXp’s “cloud-based” real estate brokerage model brings this disruption to the traditional concept of the Real Estate Brokerage by changing how real estate agents are compensated and supported.When you remove the cost of locally owned offices, regional management, and national corporate overhead from the brokerage model it allows that revenue to flow back to you – the agents that created the revenue in the first place.You are probably perfectly happy with your current company. That’s what we all said before we joined eXp Realty. You owe it to yourself and your family to be open-minded enough to examine this opportunity. Then you can decide what’s best for you – but at least you’ll be informed.”~ Jay Kinder
Individually, Jay has established himself as one of the top agents in the world, selling more than 3, 000 homes while capturing 14% market share in Lawton, Oklahoma. In 2007, Jay was named #2 in the World for Coldwell Banker, competing with over 120, 000 realtors – being the youngest to ever obtain this achievement.
About Chris Highland
Chris Highland is the Administrative State Broker for eXp Realty in Maryland. Chris has over 25 years of experience in residential real estate sales in Central Maryland. Connect with Chris on LinkedIn, Twitter, or Facebook. He is happy to answer any questions about eXp Realty. 301-401-5119. Chris Highland is an independent contractor of eXp Realty and this is not an official release of eXp Realty, its parent eXp World Holdings, Inc. or any related subsidiary.