Welcome to our dedicated page for Exp World Holdin news (Ticker: EXPI), a resource for investors and traders seeking the latest updates and insights on Exp World Holdin stock.
eXp World Holdings (EXPI) operates a pioneering cloud-based real estate brokerage model supported by immersive technology solutions. This page aggregates official press releases and verified news about the company's financial performance, strategic partnerships, and technological advancements in property transactions.
Investors and industry professionals will find timely updates on earnings reports, market expansions, and innovations like virtual collaboration tools. The curated collection serves as a reliable resource for tracking EXPI's growth in global real estate markets and its agent-centric digital ecosystem.
Content spans operational developments, technology launches, leadership changes, and regulatory filings. All materials are sourced directly from company communications or reputable financial publications to ensure accuracy.
Bookmark this page for streamlined access to EXPI's evolving story in real estate technology. Check back regularly for updates that could impact market understanding of this innovative brokerage platform.
Virbela has launched a redesigned virtual campus and advanced avatar system, along with native Zoom integration, enhancing remote work experiences. This platform aims to foster collaboration and community among global businesses, allowing users to customize their environments and avatars. CEO Jason Gesing highlighted that Virbela is a pivotal asset for eXp Realty, which operates entirely in a virtual world. The updates support thousands of concurrent users and will be available to customers soon, following their introduction at the inaugural Hands In 2022 community summit.
eXp Realty has expanded into Greece, marking its 20th market globally and enhancing its international presence. With over 77,000 agents worldwide, eXp Realty aims to tap into Greece's vibrant real estate sector, driven by tourism and foreign investments. Nikos Manomenidis will lead operations in Greece, bringing extensive experience in both residential and commercial real estate. eXp Realty's cloud-based model offers competitive commissions, a revenue share system, and opportunities for agents to earn equity. The company has also expanded into the Dominican Republic and plans to enter New Zealand next.
eXp Realty has been designated as the exclusive brokerage for Bundle Select, a platform providing real estate benefits. This partnership will enhance service for Bundle Select's network of 250 companies and 6.8 million employees, facilitating seamless real estate transactions. eXp Realty's relocation team aims to support these employees with comprehensive real estate services. The goal is to expand the service to 32 million employees by 2023 and 50 million by 2025, leveraging eXp's innovative technology and extensive agent network.
eXp Commercial, part of eXp World Holdings (Nasdaq: EXPI), will hold its Commercial Real Estate Symposium on April 25-26, 2022, in the eXp Commercial Campus metaverse. The free event aims to connect industry leaders to discuss big data, pandemic impacts, international opportunities, and cryptocurrency in commercial real estate. Featured speakers include experts from Red Shoe Economics, Shark Tank, and Virbela. Attendees can register online for insights into evolving real estate trends and strategies.
eXp World Holdings, the parent company of eXp Realty, announced that CEO Glenn Sanford and CFO Jeff Whiteside will participate in a fireside chat on March 3, 2022, at the 2022 Wedbush Real Estate Technology Conference.
The event, moderated by equity research analyst Ygal Arounian, starts at 9 a.m. ET. For those interested, the webcast is available at this link.
eXp World Holdings (Nasdaq: EXPI) reported record financial results for 2021, with revenue soaring 110% to $3.8 billion and net income rising 162% to $81.2 million. The fourth quarter also saw impressive growth with revenue up 77% to $1.1 billion. Notably, the company increased its agent count by 72% to 71,137, closing 444,367 real estate transactions, a rise of 86%. A cash dividend of $0.04 per share for Q1 2022 was declared, to be paid on March 31, 2022. The company is expanding globally, with plans to grow in new markets such as Greece and New Zealand.
eXp World Holdings (Nasdaq: EXPI) will release its Q4 and full-year 2021 financial results on February 24, 2022. A virtual fireside chat and investor Q&A will follow at 8:30 a.m. PT, featuring Founder and CEO Glenn Sanford and CFO Jeff Whiteside. The event is accessible to all interested parties and aims to provide insights into eXp Realty's growth and operations, including opportunities for agents to earn equity and its innovative brokerage model powered by Virbela.
eXp Commercial, the commercial real estate arm of eXp World Holdings (Nasdaq: EXPI), has appointed KC Conway as an economic advisor to enhance its research and analytics capabilities. Conway, an expert in commercial real estate, will provide valuable insights on capital markets and regulatory changes, aiding agents and clients in navigating the evolving market. This collaboration aims to strengthen eXp Commercial's growth strategy, particularly in leveraging opportunities within traditional and digital real estate sectors, including the metaverse.
eXp Realty, a subsidiary of eXp World Holdings (Nasdaq: EXPI), has surpassed 75,000 agents globally, marking a significant 60% year-over-year growth from 46,745 agents in February 2021. This achievement follows eXp's recognition as one of Glassdoor’s Best Places to Work for five consecutive years. Additionally, eXp has expanded into the Dominican Republic, increasing its operational footprint to 19 countries. Founder Glenn Sanford highlighted their innovative agent-centric business model as key to their rapid expansion.
eXp Realty has expanded its operations into the Dominican Republic, marking its presence in 19 countries with over 73,000 agents globally. Marbel Lugo, a veteran in real estate with over 20 years of experience, will lead the new operations. The decision comes amidst strong interest from local agents, underpinned by the Dominican Republic's robust housing market fueled by tourism and investment incentives. The move is part of eXp's aggressive international growth strategy, with additional markets in Greece and New Zealand planned for early 2022.
