Chris Highland - with EXP Realty in Maryland

 

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2022 Year End Review eXp Realty

2022 Year End Review eXp Realty

Growth for eXp Realty in 2022

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 dubai

Growth in the Metaverse

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.

eXp Revenue Growth in 2022

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™.”

Why Company Metrics Matter

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.

 

eXp Realty Agent Count Reaches 70,000 Globally

eXp Realty Agent Count Reaches 70,000 Globally

  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 Realty Revenue Share – Is it Sustainable?

EXP Realty Revenue Share – Is it Sustainable?

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

The Brokerage of My Dreams

The Brokerage of My Dreams

If I Could Create A Brokerage Today… The brokerage model hasn’t been adequately challenged since 1906. There is still a semi-adversarial relationship between the broker and the agent competing for a bigger piece of the pie. It’s a very good time to consider a paradigm shift in the broker/agent dynamic. Support for Agents The ideal… Continue Reading

eXp Realty Technology Tools Get an Upgrade

eXp Realty Technology Tools Get an Upgrade

eXp Realty Technology As a cloud brokerage, the unique aspect of eXp Realty is our virtual world, “eXp World”, a cloud-based office. It is software that you download on your computer, by gaming company/software developers VirBELA, and our world is a proprietary platform for eXp Realty. Agents and staff and guests enter the world as… Continue Reading

eXp Realty Has An Agent Advisory Board

eXp Realty Has An Agent Advisory Board

In the words of eXp Realty President Jason Gesing: “When we made the decision to become a public company in 2013 in order to achieve an industry first – a publicly-traded real estate brokerage where the agents and brokers of the brokerage were also its shareholders – a fundamental pillar in the principle of ownership… Continue Reading

eXp Realty Breaks More Records in 2016

eXp Realty Breaks More Records in 2016

It’s Been A Great Year for eXp Realty! This is our second year at eXp Realty and after 25 years in the industry, we feel like we’ve come home!  This company  has turned the real estate business model on it’s head, offering agents the complete package. The brokerage model has really not changed since 1908…until now. Agent-ownership is… Continue Reading

eXp Realty Drives Revenue Increase of 112% in Third Quarter 2016

eXp Realty Drives Revenue Increase of 112% in Third Quarter 2016

eXp World Holdings, Inc. Reports Record Revenue and Growth Yesterday,  eXp World Holdings, Inc. (OTCQB: EXPI), released its third quarter financial results. “Revenues were $15.7 million, up 112% from $7.4 million for the 3 months ended September 30, 2016 vs 2015, respectively. Total Stockholder’s Equity is up 141% to $2.0 million as of September 30, 2016… Continue Reading