eXp Realty To Partner With Realty.com To Deliver Qualified Buyer and Seller Leads With Enhanced Branding for Agents and Brokers

Rhea-AI Summary

eXp Realty, a subsidiary of eXp World Holdings (Nasdaq: EXPI), has signed a Letter of Intent with Realty.com for exclusive services and pricing. This partnership allows eXp agents to access buyers and sellers directly in over 26,000 cities across the U.S., enhancing their competitive advantage. Services include exclusive branding, coaching, and lead support, which will be complemented by eXp's newly launched Revenos platform for additional lead generation. This collaboration exemplifies eXp's commitment to improving agent value and market success, reinforcing its position as a leading real estate brokerage.

Positive

• Exclusive access to buyers and sellers in over 26,000 cities in the U.S.
• Enhanced services for agents, including coaching and lead support.
• Partnership aligns with eXp's strategy to boost agent value propositions.

Negative

• None.

Relationship will provide exclusive, direct access to buyers and sellers in 26,000+ cities across the U.S.

BELLINGHAM, Wash., Jan. 24, 2023 (GLOBE NEWSWIRE) -- eXp Realty^®, the fastest-growing real estate brokerage on the planet and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced it has signed a Letter of Intent for exclusive enhanced services and pricing with Realty.com, a listings platform that connects qualified sellers and buyers directly with real estate agents.

This partnership will provide participating eXp Realty agents the opportunity to gain a competitive advantage with exclusive and direct access to buyers and sellers in 26,000+ cities across the U.S.

“As the industry’s most agent-centric brokerage, we are laser-focused on helping our agents succeed and grow their businesses,” said Glenn Sanford, Founder, CEO and Chairman of eXp World Holdings and CEO of eXp Realty. “Our partnership with Realty.com will provide participating eXp Realty agents a significant advantage in their markets and illustrates how we are continuously enhancing our agent value proposition.”

Realty.com will deliver unique functionality for eXp Realty agents, including exclusive branding on community-based pages and blogs, inside sales agent coaching, in-house inside sales lead nurturing and support, and access to a dynamic market of digital customers. Further, any surplus leads will be funneled to eXp’s newly launched Revenos platform, as another stream of quality portal leads.

“We couldn’t be more excited to partner with eXp Realty to provide the only nationwide real estate portal with exclusivity,” said Lance Custen, President and CEO of Realty.com. “eXp Realty’s tech-forward model and unique agent value propositions makes this a perfect fit and we look forward to helping eXp Realty agents succeed.”

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 fastest-growing real estate company in the world with more than 86,000 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.

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. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. 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; the difficulty of keeping expense growth at modest levels while increasing revenues; 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

investors@expworldholdings.com 

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/65b7858b-c560-4214-ad44-f24c6e21c89d
https://www.globenewswire.com/NewsRoom/AttachmentNg/dc0ac408-b4fd-463a-9935-464552f5fdbf

FAQ

What is the significance of eXp Realty's partnership with Realty.com?

The partnership provides eXp Realty agents exclusive access to buyers and sellers in over 26,000 cities, enhancing competitive advantages and service offerings.

How will eXp Realty agents benefit from the Realty.com collaboration?

Agents will receive enhanced services, including exclusive branding opportunities, inside sales support, and access to the new Revenos platform for leads.

When was the partnership between eXp Realty and Realty.com announced?

The partnership was announced on January 24, 2023.

What is the stock symbol for eXp World Holdings?

The stock symbol for eXp World Holdings is EXPI.