eXp Commercial Unveils Game-Changing Groups for Unmatched Advisor Collaboration and Streamlined Deals

Rhea-AI Summary

eXp Commercial, a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), has launched eXp Commercial Groups to enhance advisor collaboration and streamline deals. The initiative introduces two group structures: Domestic Groups for married couples and Advisor Groups for teams of two or more.

Domestic Groups offer shared commission, caps, fees, and ICON Award eligibility for the primary advisor. Advisor Groups allow teams to maintain their full company dollar cap and split commissions internally. This innovative approach aims to revolutionize commercial real estate, investment sales, and business advisory services by providing tailored support and resources for teams and brokerages.

Positive

• Launch of eXp Commercial Groups to enhance advisor collaboration
• Introduction of two specialized group structures: Domestic and Advisor Groups
• Potential for increased efficiency and better results for commercial real estate teams

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• None.

eXp Commercial Groups offers specialized support and resources for teams and brokerages

BELLINGHAM, Wash., Aug. 02, 2024 (GLOBE NEWSWIRE) -- eXp Commercial, a nationwide virtual commercial real estate brokerage and subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the launch of eXp Commercial Groups, designed to foster growth and collaboration for eXp Commercial advisors and streamline the transaction process for group leaders.

eXp Commercial will now offer teams and brokerages two group structures: Domestic Groups and Advisor Groups. Domestic Groups allow legally married couples to benefit from shared commission, caps and fees, while Advisor Groups allow teams of two or more to keep their full company dollar cap and split commissions within the group.

“eXp Commercial is revolutionizing the commercial real estate, investment sales and business advisory landscape,” said Sean Murphy, SVP of Growth at eXp Commercial. “The launch of these groups is a testament to our unwavering commitment to innovation and our agent-centric approach. We are providing our advisors with the tools and structures necessary to thrive in this competitive industry. The streamlined process and clear policies will enable our teams to work more efficiently and achieve greater results.”

Each group structure has unique guidelines, tailored to meet the needs of eXp Commercial advisors. Domestic Groups offer these benefits: a shared transaction account, access to all commercial tools and ICON Award eligibility for the primary advisor. Advisor Groups enable advisors to keep the full company dollar cap and split commissions within the group.

For more information about eXp Commercial Groups, contact groups@expcommercial.com.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty^®, FrameVR.io 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 FrameVR.io technology, 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.

For more information, visit https://expworldholdings.com.    

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. These statements include, but are not limited to, statements about the availability of group offerings. Such forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:
Denise Garcia, Managing Partner
Hayflower Partners
investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6dc0b330-ca92-4d9e-9994-c232b153a11d

FAQ

What are the two types of eXp Commercial Groups introduced?

eXp Commercial introduced two types of groups: Domestic Groups for legally married couples and Advisor Groups for teams of two or more advisors.

What benefits do Domestic Groups offer in eXp Commercial's new structure?

Domestic Groups offer shared commission, caps, fees, a shared transaction account, access to all commercial tools, and ICON Award eligibility for the primary advisor.

How do Advisor Groups benefit eXp Commercial teams?

Advisor Groups allow teams of two or more to keep their full company dollar cap and split commissions within the group, enabling more efficient collaboration and potentially better results.

When did eXp Commercial (EXPI) announce the launch of its new Groups initiative?

eXp Commercial, a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), announced the launch of eXp Commercial Groups on August 2, 2024.