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eXp World Holdings, Inc. (Nasdaq: EXPI) is a leading provider of cloud-based real estate brokerage services, connecting home buyers and sellers across the United States, Canada, the United Kingdom, Australia, South Africa, Portugal, France, Mexico, and India. Through its platform, exprealty.com, the company offers real-time property listings and enables sellers to list their properties seamlessly. This innovative approach is coupled with a network of highly skilled and consumer-centric agents and brokers.
eXp World Holdings, Inc. also owns Virbela, a virtual reality software platform aimed at enhancing education and team development across various industries, including government and retail. The company has further innovated with eXp World, a cloud campus providing real estate agents and employees with access to collaborative tools, training, and social opportunities.
In addition to its core real estate brokerage, eXp World Holdings provides comprehensive marketing, training, and support services to its brokers and agents through its proprietary technology. The company's diverse offerings include real estate brokerage, technology products and services, title, escrow, settlement services, and mortgage brokerage services.
Recent developments highlight the company's ongoing commitment to its agent-centric model. Despite challenging market conditions, eXp World Holdings reported a significant year-over-year increase in Adjusted EBITDA growth by 53% in the third quarter of 2023. This was driven by a focus on increasing agent Net Promoter Scores (aNPS) and expanding market share. The company has introduced several programs such as Boost, Accelerate, Thrive, and eXp exclusives, alongside partnerships with Opendoor and HomeRiver Group, to empower agents and drive revenue-generating opportunities.
Moreover, the company continues to see international growth with new partnerships, such as the one with HomeHunter Global. Financially, eXp World Holdings maintains a strong cash flow profile, enabling ongoing investments in agent success and shareholder returns through share repurchases and cash dividends.
For more detailed updates and further information, visit the official eXp World Holdings website.
eXp Realty, a leading global real estate brokerage, has announced its speaker lineup for EXPCON 2022, set to take place in Las Vegas from October 11-14. This year’s conference aims to enhance the skills of agents through collaboration and learning, featuring industry leaders and innovative coaching methods.
Glenn Sanford, CEO, emphasized a shift in focus towards healthspan and wellness in performance improvement strategies. The event promises a diverse roster of speakers, including real estate experts and motivational figures.
eXp Realty, a global real estate brokerage under eXp World Holdings (Nasdaq: EXPI), is expanding its operations into Poland, marking its presence in 24 markets worldwide. This move follows the successful launch of new markets in 2022, including the Dominican Republic, Greece, New Zealand, and Chile. Michael Valdes, Chief Growth Officer, highlighted Poland's attractive property sector and consolidation in the real estate brokerage market as key factors for this expansion. Dorota Chomuntowska will lead the Poland operations, leveraging over 11 years of experience in real estate.
eXp Realty has expanded into Chile, marking a significant move in South America where it also operates in Brazil and Colombia. With this addition, eXp Realty now operates in 22 markets globally and boasts over 84,000 agents. The expansion is backed by eXp's cloud-based platform that has facilitated rapid growth, with 18 new markets opened in under two years. Virginia Restrepo will spearhead operations in Chile, emphasizing the company’s commitment to transforming the industry through its agent-centric model and innovative compensation structure.
eXp World Holdings announces the promotion of Michael Valdes to Chief Growth Officer, emphasizing a unified global growth strategy across eXp Realty and eXp Commercial. With over 17 years in real estate, Valdes has previously led 18 global market launches since joining in 2020. This leadership change aims to enhance market share and further consolidate growth efforts. eXp Realty, the world's fastest-growing real estate company with over 84,000 agents, is focused on expanding its footprint internationally and strengthening agent value propositions.
eXp World Holdings (Nasdaq: EXPI) announces participation in the D.A. Davidson Big Sky Summit on August 21-23, 2022, held in Big Sky, Montana. CEO Glenn Sanford and CFO Jeff Whiteside will engage in one-on-one meetings and a fireside chat moderated by Tom White on August 23 at 11:00 AM ET. The chat will be available for live streaming and archived on the company's investor relations site. eXp continues to expand its presence globally, with over 83,000 agents across multiple countries.
eXp World Holdings (Nasdaq: EXPI) has appointed Patrick O’Neill as the new Chief Operating Officer of eXp Realty. With over 25 years of experience, O’Neill aims to enhance the agent experience, streamline operations, and support the company’s global growth. CEO Jason Gesing emphasizes the importance of strengthening leadership to advance the company's ambitious goals. eXp Realty is recognized as the fastest-growing real estate company worldwide, boasting over 83,000 agents across multiple countries, promoting its innovative cloud-based brokerage model.
eXp World Holdings, Inc. (Nasdaq: EXPI) reported a significant 42% year-over-year revenue increase to $1.4 billion for Q2 2022, driven by a 42% growth in agents to 82,856. Gross profit rose 34% to $107.3 million, while net income fell to $9.4 million from $37 million a year earlier due to higher tax expenses. The company announced a $0.045 cash dividend for Q3 2022, a 13% increase from the previous quarter, and repurchased $50 million of common stock. eXp also expanded internationally and strengthened its leadership team, aiming for further growth amidst evolving market conditions.
eXp World Holdings (Nasdaq: EXPI) will announce its Q2 2022 financial results on August 3, 2022, prior to the market opening. A virtual investor Q&A session will follow at 8:00 a.m. PT / 11:00 a.m. ET, featuring key executives including Glenn Sanford, CEO, and Jeff Whiteside, CFO. Investors can join the session at expworldholdings.com/events. eXp Realty, part of eXp World Holdings, is rapidly expanding with over 83,000 agents across several countries.
eXp World Holdings, Inc. (Nasdaq: EXPI) has successfully acquired Zoocasa Realty Inc., enhancing its online capabilities for lead generation and real estate listings throughout North America. Zoocasa, a Toronto-based real estate brokerage known for its award-winning platform, attracts nearly 12 million annual visits and employs about 150 agents. This strategic acquisition aims to boost eXp Realty's services for Canadian agents and the wider North American market, potentially driving revenue growth and expanding eXp's consumer offerings.
eXp World Holdings has appointed Monica Weakley to its Board of Directors, effective June 20, 2022. Weakley, a successful eXp Realty agent in Ohio and Kentucky, aims to bring the agents' perspective to the board. Her election reflects the company's commitment to enhancing agent representation. The current board members were also reelected, and Weakley will take the place of outgoing director Fee Gentry. This leadership change is seen as a strategic move to further improve the agent value proposition.
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