Chris Highland - with EXP Realty in Maryland

 

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2022 Year End Review eXp Realty

2022 Year End Review eXp Realty

Growth for eXp Realty in 2022

As of the end of December 2022, eXp Realty is operating in 24 countries with 86,000 agents around the world. The latest market to open was Dubai in December 2022.

eXp Realty operates in 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, New Zealand, Chile, Poland and Dubai and continues to scale internationally. The last six markets opened in 2022.

exp realty dubai

Growth in the Metaverse

eXp Realty has been operating in the “metaverse” for a decade. I’m talking about our virtual platform, Virbela. For the second year in a row, Virbela was recognized by Fast Company on it’s list of Next Big Things in Tech. It was recognized in the Metaverse and Web3 category for building a platform that is making it easy for companies to establish digital headquarters.

eXp Revenue Growth in 2022

The Third Quarter in 2022 was a record-breaking report for eXp Realty, with $1.2 Billion in revenue, and agent growth of 30%. EXPI also started giving a cash dividend of $0.045 per share of common stock.

“We continue to grow revenue and gain market share despite an increasingly challenging market,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “The third quarter reflects eXp’s resilient model and ability to grow through any market. We continued to strengthen our agent value proposition with new services, including Revenos and eXp Luxury as well as initiatives led by SUCCESS®, SUCCESS Health™ and SUCCESS Coaching™.”

Why Company Metrics Matter

Many local agents wonder why it matters to me personally whether eXp Realty grows on a national, or international level…after all, real estate is a local business, isn’t it? To most self-employed real estate agents, these kinds of company metrics don’t make much difference to their bottom lines. But, eXp Realty is a different kind of real estate company.

As an owner in the company, I’m interested in the overall health of the company. With the shift in the real estate market today, I want to know how my company is going to navigate the changing environment…is the company going to not only survive, but thrive?

I also want to know if the company is going to continue to support me in my local business. What are they doing to help agents not only survive, but thrive? A healthy company has much more to offer me, an independent agent, than a company that is just holding on during a market shift.

Company metrics matter. What we are seeing at eXp Realty is continued growth, even as the market changes and slows down. This growth means more opportunities for us to continue to build a successful business.

 

eXp Realty is the Place to Build Your Legacy

eXp Realty is the Place to Build Your Legacy

Building a Real Estate Business Many real estate agents learn to sell real estate in a transactional mindset, vs. a relational mindset. The difference between the two, is probably evident in the terms. A relational model of business means that agents build a personal relationship with each client. The hope is that the relationship leads… Continue Reading

eXp Realty Bought a Zillow Competitor!

eXp Realty Bought a Zillow Competitor!

eXp Realty Buys Zoocasa Realty, Inc In July, eXp World Holdings, Inc. completed the purchase of Zoocasa Realty, Inc and it’s website, Zoocasa.com, the main property of the company.  Zoocasa is a Toronto-based real estate portal and brokerage, offering a listings platform for home search. It includes a lot of data, and a connection to… Continue Reading

eXp Realty is the Fastest Growing Real Estate Company

eXp Realty is the Fastest Growing Real Estate Company

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!… Continue Reading

eXp Realty Agent Count Reaches 70,000 Globally

eXp Realty Agent Count Reaches 70,000 Globally

  At the end of 2021, eXp Realty announced that it surpassed 70,000 agents and brokers. There were several big announcements recently. This company is on fire! Here are the highlights: eXp Realty put out the Second Quarter Financial Report earlier this week. The company exceeded revenue of $1 billion in the second quarter, a… Continue Reading

Our Six Year Anniversary with eXp Realty

Our Six Year Anniversary with eXp Realty

I Can Definitely Say We Like it Here In September 2021 we celebrated six years with eXp Realty. I can use the word “celebrate” with all truthfulness. We have thrived in ways that just haven’t been possible for us with any other brokerage…and I know, because I have had a sampling of may brokerage models… Continue Reading

EXP Realty Revenue Share – Is it Sustainable?

EXP Realty Revenue Share – Is it Sustainable?

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