Cloud-Based Brokerage Now Among Top Residential Firms in the U.S.
BELLINGHAM, WA–(Marketwired – Mar 16, 2017) – eXp World Holdings, Inc. (OTCQB: EXPI), the holding company for eXp Realty LLC, The Cloud Based Brokerage, today announced that eXp Realty has grown its family of agents and brokers to more than 3,000 across all markets in the United States and Canada. The Company ended 2016 with 2,401 agents on its platform, and reached 3,000 agents on March 15, 2017, representing 25% growth year-to-date and growth of over 200% since March 15, 2016.
“eXp Realty continues to attract an increasing number of top agents, teams and brokers, which has catapulted us to a place alongside the top residential brokerage firms in the country,” said Glenn Sanford, Chairman, Founder and CEO of eXp World Holdings. “In addition to the sheer volume of growth, our velocity of growth has also increased. It took us approximately four months to go from 2,000 to 3,000 agents, which is nearly half the time it took to grow from 1,000 to 2,000. We believe our rapid agent growth trajectory and corresponding revenue growth will continue to accelerate over time through the continued delivery of high value and support to our agents, our high split/low fee and cap business model, and our industry best revenue sharing incentives, all supplemented by our unique agent-ownership opportunities.”