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 first re-calculation of the equity program. After today, the Sustainable Equity Plan goes into effect. This changes the awards to actual dollar amounts, whereas before it was a number of stocks for various milestones.
(These milestones include: your first transaction with the company, your sponsored agent’s first transaction, when you reach your yearly cap, ICON agent status award, to name a few.)
“We continue to innovate and change the industry, and we’re fortunate that so many agents want to be a part of it. Our business model offers a value to agents that isn’t available anywhere else,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. “This is particularly awesome because when we started the agent equity award program, the ceiling was 16,000 agents and now we are breaking it. Our new sustainable equity plan allows agents to continue to receive equity in the company while securing eXp’s place in history.”
What real estate company awards it’s agents for doing their job…selling real estate? or helping to grow the company?
About eXp Realty
eXp Realty is an eXp World Holdings, Inc. (NASDAQ: EXPI) company. eXp World Holdings also houses eXp World Technologies, LLC, which operates the VirBELA platform.
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 company-owned brokerage in all 50 U.S. states. It is one of the fastest growing real estate brokerage firms in North America with more than 16,000 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.
This is not an official communication from eXp World Holdings, or it’s subsidiaries. Chris Highland is an independent contractor with eXp Realty.