The Future of Real Estate
The Future of Real Estate
 
How Agents Are Building Their Business at eXp Realty
Because eXp Realty is Agent-Centric
Because eXp Realty is Agent-Centric
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Because eXp Realty Functions in A Cloud Office
Technology and electronic commerce has had an immense impact on the real estate industry. Our cloud-based platform provides
A cloud office environment allows agents coast to coast, to come together to collaborate in many ways
eXp Realty agents and brokers are working together to build businesses:
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Our Values Include Collaboration and Learning Together
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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 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.
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™.”
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.
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
…Sticky as in Honey to a Fly! What is a Sticky Blog Post? It is a proven fact: blogging helps your business. However, blogging takes work. Blogging has to be consistent. And, your blog has to stand out. Blogging has become ubiquitous. There are 440 million blogs in the world. Wow! I can’t find any… Continue Reading
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 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 is Open in 20 Countries As of today, March 15, 2022, eXp Realty is open for business in Greece. Greece is one of three new countries open in the first quarter of 2022. We also opened in Dominican Republic, and in New Zealand this quarter. “We’ve continued to expand globally at a steadfast… Continue Reading
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
EXP Con 2021 Another convention is in the rear view mirror. This was our sixth time attending the annual EXP Realty Convention. Every year we come back with the feeling that we have been blasted with a fire hose full of business information. Many agents who have had the opportunity to attend a real estate… Continue Reading
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
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
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Why Join eXp Realty?
We do things differently, and we offer much more.
At eXp Realty, our family of agents and brokers build their own businesses. They work, attend classes, strategize, collaborate, innovate, enjoy water-cooler chats, build teams, build unity and share experiences inside of our Cloud Office Environment.
Together, we’re leveraging Systems and Tools in order to grow an agent and broker-owned international, publicly-traded company.
eXp Realty agents and brokers are working together to build businesses, build and enhance brands, increase profitability, reduce overhead and risk, and achieve bold career and life goals, all while establishing a direct ownership interest in eXp Realty International Corporation as a shareholder and partner.
Here's a perspective from one of the top agents in the country:
“We live in a world of disruption. Companies like Uber and Airbnb are challenging the status quo of some of the most tried and true industries with their unique platforms. eXp’s “cloud-based” real estate brokerage model brings this disruption to the traditional concept of the Real Estate Brokerage by changing how real estate agents are compensated and supported.When you remove the cost of locally owned offices, regional management, and national corporate overhead from the brokerage model it allows that revenue to flow back to you – the agents that created the revenue in the first place.You are probably perfectly happy with your current company. That’s what we all said before we joined eXp Realty. You owe it to yourself and your family to be open-minded enough to examine this opportunity. Then you can decide what’s best for you – but at least you’ll be informed.”~ Jay
About Chris Highland
Chris Highland is the former broker, now an Associate Broker and Branch Office Manager with eXp Realty in Maryland. While he was the broker, he established eXp Realty in Maryland, and oversaw the growth of the company from 30 to over 300 agents. Currently with over 1500 agents, we've come a long way!
Chris has over 30 years of experience in residential real estate sales in Central Maryland. Connect with Chris on LinkedIn, Twitter, or Facebook. He is happy to answer any questions about eXp Realty. 301-401-5119. Chris Highland is an independent contractor of eXp Realty and this is not an official release of eXp Realty, its parent eXp World Holdings, Inc. or any related subsidiary.
Lisa Lowe, Broker - 888-860-7369