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:
And by this, I mean disruption. Right now the Pandemic is THE disruption. In every industry. In every state. In every country. These are unprecedented times, to say the least.
As businesses shut down their brick and mortar offices in March due to the Corona virus, Covid-19, may people have been working from home, including real estate agents. As a society we’re experiencing new ways to work thanks to virtual tools.
In real estate, we’re selling homes with virtual tours, videos, and various face-time applications. Life goes on and people must move and buy and sell homes, regardless of the current hiccups. Yes, I think these times are a hiccup.
We’re all doing things differently, learning virtual tools as we work remotely. We are juggling home life and work life. Employers across the country have remote workers for the first time ever. And you know what? Work is happening. We’re hearing that it’s even happening more effectively and efficiently for many industries. We have the available technologies to make it work.
Our company has been exclusively online for ten years. We’ve been using virtual tools to run our real estate businesses for years. We are nimble and agile and have been operating successfully with virtual tools for ten years. That’s why this shut down feels like a hiccup to us.
Our tools have made our real estate business seamless, even in the midst of this pandemic. Here are just a few:
eXp Realty Preferred Partners is a program that provides agents and their clients with a marketplace for home-buying services. It also rewards eXp Realty agents for client referrals and gives home buyers and sellers a smoother transaction experience.
We’ve been using paperless contract management for a decade. Broker review of paperwork happens rapidly, and all our contracts are stored in the cloud.
Our payment processing systems are the best in the industry. You can get a check at the settlement table. Most of us can take a quick image of the check from our smartphone and instantly deposit the money.
Workplace by Facebook is our community hub. We have hundreds of interest groups with resources for whatever an agent needs. The social interaction revolving those interests is an added bonus that many agents love…got a question? ask the group. The cumulative wisdom and collaboration is unrivaled.
Our virtual world, Verbela, allows us to enter any department as an avatar, sit down with staff and have our questions answered or problem solved instantly. No waiting for a returned call or email.
While many agents are experiencing some down time in business, they are taking advantage of more than 50 hours of education and mastermind opportunities each week. There is no better time to sharpen your ax than when the market is shifting.
Speaking of our virtual world, Virbela, eXp World Holdings has seen a huge increase of interest in Virbela from many companies. We’ve had several industries purchase the software for their own use, and many non-disclosed companies are in talks with this arm of the company.
As we’ve expanded internationally, we exceeded 30,000 agents in June, a 50% increase year-over-year.
The health of our stock seems to indicate the health of our company is strong. With the continued growth in agent count, the interest in our virtual world, and the fact that our revenues keep growing, we see a bright future for eXp Realty.
eXp Realty’s spectacular growth and success continue to be recognized, as our brokerage landed in the top five of several categories of the elite 2020 REAL Trends 500 Report in March. These rankings are based on real estate transactions in the United States.
eXp Realty’s achievements include:
Karen and I continue to feel like we made the best business decision of our real estate careers. We can’t wait to see how the company expands and succeeds in the wake of our current disruption. We were made for disruption…bring it on.
If I Could Create A Brokerage Today… The brokerage model hasn’t been adequately challenged since 1906. There is still a semi-adversarial relationship between the broker and the agent competing for a bigger piece of the pie. It’s a very good time to consider a paradigm shift in the broker/agent dynamic. Support for Agents The ideal… Continue Reading
We just celebrated our four year anniversary with eXp Realty Maryland. When I use the word “celebrate”, it’s for good reason. I’ve been in residential real estate sales for almost 27 years, and I can’t say I’ve ever “celebrated” an anniversary. It’s been four years worth celebrating. eXp Realty was a game changer for Karen… Continue Reading
The revenue sharing aspect of the eXp Realty business model has drawn a lot of attention, both positive and negative. Critics have been pointing out what they deem as weaknesses in the business model. There is admittedly, a lot of misunderstanding surround this particular pillar of the compensation model at eXp. It certainly is something… Continue Reading
It’s different than the traditional brokerage model that we’ve been used to since cira 1908. That’s why it takes more than just a glance to understand the real value proposition. eXp Realty has turned the brokerage model upside down. Let’s do a quick comparison: The Traditional Brokerage Model in the U.S. Whether it is a… Continue Reading
eXp Realty has an amazing award for top producing agents…and it’s not a paper certificate, or even an engraved plaque! It’s worth eminently more. It is worth potential tens of thousands of dollars. This award is called the ICON Award. The eXp Realty ICON Agent Award currently provides each qualified ICON agent with up to… 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 State Broker of Maryland and the Broker of Washington D.C. Lisa brings a wealth of experience in brokerage operations, receiving her initial training from a real estate attorney. She spent 10… Continue Reading
It’s a new world for your brand and your business, a digital one-screen world. The good news is, you can still apply marketing fundamentals to connect with your customers. Right now, there are more people in the world with mobile subscriptions than there are people who have access to electricity. Isn’t that incredible? The thing… Continue Reading
eXp ranks No. 1 & No. 2 in Transactions & Volume in REAL Trends 500 #1 Top Movers: Transactions #2 Top Movers: Volume #2 Largest Independents #4 Closed Transaction Sides #5 Closed Sales Volume #5 The Billionaires’ Club The REAL Trends 500 Real Trends is a ranking publication for real estate companies in North America. They’ve… Continue Reading
Why Join eXp Realty?
We do things differently, and we offer much more.
At eXp Realty, 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
About Chris Highland
Chris Highland is the former broker, now an Associate Broker and Branch Office Manager with eXp Realty in Maryland. While he was the broker, he oversaw the growth of the company from 30 to over 300 agents. We've come a long way!
Chris has over 26 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.
Lisa Lowe, Broker - 888-860-7369