There is a Reason for eXp Realty’s Record-Breaking Ranking
THIS JUST IN! eXp Realty Dominates In 2022 Industry Rankings
eXp Realty gained considerable recognition for our record results, rapid growth and strong leadership in 2022. In a year where real estate sales was disrupted by rising interest rates, decreased sales volume and terribly low inventory, most real estate companies experienced contraction…fewer sales, less revenue, and if not less profit, then operations at a loss.
Not eXp Realty. On the contrary, eXp Realty had record growth, record sales volume, and record transactions. Something is going right at eXp.
For the second year in a row, eXp Realty has been recognized as the number one growth leader for transactions and agent count in the U.S. industry rankings. eXp Realty ranked No. 1 in four categories on the elite 2023 RealTrends 500 Report:
Transaction Sides Top Mover In Sides Top Mover In Volume #1 Independent BrokerageSteve Murray, senior advisor to HW Media and the founder of the RealTrends 500 brokerage rankings said, “It is noteworthy that eXp was the only one of the top four firms to grow both its closed transactions and its sales volume in 2022, when sales of existing homes were down significantly.” Read the full press release: https://bit.ly/3OWYrPV
More Accolades for eXp Realty
BIG NEWS ALERT eXp Realty Named to T3 Sixty‘s 2023 Mega 1000!
T3 Sixty’s 2023 Real Estate Almanac: eXp Realty ranked No. 4 among the nation’s largest brokerages based on sales volume. Out of the five brokerages mentioned, eXp Realty had the highest year-over-year sales volume (20.2%) and the most transaction sides (397,138) in results for 2022.
The awards keep coming! For the sixth consecutive year, eXp Realty was named to T3 Sixty’s 2023 Mega 100 in three categories:
#1 largest brokerage by 2022 transaction sides #1 largest brokerage by agent count #4 largest brokerage by 2022 sales volumeWhat these Statistics Tell Us about eXp Realty
The fact that eXp Realty saw such growth and success during a time when everything in the industry was contracting reveals some very positive things about the brokerage.
Fundamentally, eXp Realty is a company that operates very efficiently and profitably. The company has no debt…something that is extremely rare in our business climate. This means higher profitability. To each agent who owns EXPI stock and participates in revenue share, that means more money in their pocket. More money for doing the same work we always do.
Secondly, record-breaking growth indicates that agents are doing remarkably well at eXp Realty. the tools available to agents to help them build their business and careers is off the charts! [opinion mine]. As business partners, eXp agents are master collaborators.
Thirdly, the higher producing agents are finding the eXp Realty model is propelling their business beyond anything they can get at any other brokerage. Icon agents are big winners at eXp, receiving their $16,000 cap back in the form of EXPI stock. The tools available for them to grow and run their teams is a plus. There are many benefits for Icon Agents at eXp.
We All Succeed Together
Glenn Sanford, CEO of eXp Realty, says it best: “Our agents’ success is our success and we are dedicated to delivering the tools, training and support that enable our agents’ career growth – whether it be in production, attraction or professional development. Thank you and congratulations to all of our agents, brokers and staff who have contributed to our position as growth leader for the U.S.“
Other notable awards
- RISMedia 2023 Power Brokers Report: eXp Realty landed No. 1 in transactions. This is the fourth straight year eXp Realty has ranked among the top five brokerages in the country. In addition to its No. 1 ranking in sides, eXp Realty ranked No. 4 for residential home sales in the United States.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the largest independent real estate company in the world with more than 87,000 agents in the 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. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.
To learn more about eXp Realty, visit our eXp Realty information page, or call Chris Highland directly, at 301-401-5119.