eXp Realty Has Phenomenal Growth – Summer 2021
eXp Realty Residential Real Estate Growth in 2021
Since the beginning of the year, eXp Realty’s agent base has grown to 60,000 worldwide! The agent count in Maryland has grown to over 1000. This company is on the march!
eXp Realty is now open in 17 countries and territories. The latest country open was Panama. In the third quarter of 2021, eXp Realty has plans to open in Germany and Japan. As of this time, Puerto Rico, Brazil, Italy, Colombia, Spain, Israel and Hong Kong have already begun operations in the first half of 2021.
eXp Realty also operates in these countries: United States, Canada, Portugal, Mexico, India, France, South Africa, United Kingdom, and Australia.
The first quarter financial report came out in May, showing a revenue increase of 115% year-over-year, which was $584 Million. The increase was driven by the 77% growth in agent count.
“While the sustained strength in the broader real estate market has provided a complementary environment for our core operations, our record results are attributable to eXp’s commitment to surrounding our agents with an unmatched suite of tools and resources that drive positive engagement. This growth of our cloud-based business is being achieved entirely within our virtual working environment, which serves as a key differentiator for aggressively scaling our platform internationally, as well as in the U.S. where a significant opportunity to continue capturing market share remains. As we move forward, we will maintain our focus on finding innovative ways for real estate professionals to succeed in the most agent-centric model on the planet,” Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings.
eXp Realty Commercial Real Estate Growth in 2021
Since the third quarter of 2020, the eXp Realty Commercial arm of the company has had incredible growth and changes. In April of this year, eXp Commercial formed a partnership with a company called Reonomy, that will enhance property intelligence and technology stack offerings for eXp Commercial agents. Reonomy provides actionable commercial real estate (CRE) insights, using artificial intelligence and machine learning to fuel business decisions. The partnership will provide eXp Commercial agents with a robust suite of tools to provide accurate CRE insights that guide prospecting strategies. Best of all, the tools are included with eXp Commerical’s base membership fee.
In April, eXp Commercial offered a free commercial real estate training and certification program for all licensed agents — whether they are with eXp or not.
Latest Innovations at eXp Realty
The latest addition to the offerings at eXp Realty is the joint venture with Kind Lending, a rapidly growing nationwide residential mortgage provider…to establish SUCCESS Lending. This venture builds on the heritage of SUCCESS Enterprises,…
In December 2020, eXp World Holdings completed the acquisition of SUCCESS Enterprises, a 124-year-old company leading in the personal growth industry.
In August 2020 eXp World Holdings acquired Showcase IDX. Showcase IDX’s services include property search for online and mobile platforms, lead generation, mapping and CRM tools and integrations. eXp Realty is moving rapidly towards creating a consumer portal that will rival companies like Zillow. As a national brokerage, eXp Realty is rapidly on the pathway to have access to data from every MLS in the country.
eXp Realty is on the move toward World Domination! [emphasis mine]
About eXp Realty
eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.
Disclaimer: This is not an official communication from eXp World Holdings, or it’s subsidiaries. Chris Highland is an independent contractor with eXp Realty.
To learn more about eXp Realty, contact Chris Highland, 301-401-5119, or chris@chrishighland.com