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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.
SUCCESS Enterprises announced enhancements to its coaching platform, introducing certification, revenue share options, and equity opportunities for eXp Realty agents. The expanded SUCCESS Coaching program aims to elevate agents' skills and create new revenue streams through coaching services, launching in late 2022. Founder Glenn Sanford emphasized the initiative's goal to transform the coaching industry, paralleling eXp Realty's disruption of the real estate market. These improvements seek to motivate agents and align compensation models for enhanced growth.
eXp World Holdings (Nasdaq: EXPI) has unveiled updates to its metaverse platforms, Virbela and Frame, aimed at addressing workplace challenges. CEO Glenn Sanford noted that companies are focusing on efficiency and cost-cutting amid market shifts. The updates include a newly designed virtual campus in Virbela and enhanced features in Frame, such as support for 150 users and integration with Microsoft Teams. eXp Realty has grown to over 82,000 agents globally, significantly decreasing operating costs since adopting these platforms.
eXp World Holdings (Nasdaq: EXPI) announced the acquisition of Zoocasa Realty Inc., an innovative real estate platform, to enhance its online lead generation and home search capabilities in Canada. This strategic move aims to improve service offerings for agents and brokers through Zoocasa's comprehensive listings platform. The acquisition, pending customary approvals, is expected to close in July 2022. With nearly 12 million visits annually and a team of 150 agents, Zoocasa's integration is anticipated to significantly elevate eXp's market presence and operational efficiency.
eXp World Holdings, Inc. (Nasdaq: EXPI) has appointed Shoeb Ansari as Chief Information Officer and Leo Pareja as President of Affiliated Services. Shoeb brings extensive software development experience, previously serving as CTO at RealPage, while Leo has 20 years of real estate expertise and has co-founded major lending firms. The leadership changes align with eXp's strategic initiatives in technology and affiliated services, aiming to bolster growth and innovation in a cloud-based real estate model.
eXp Realty has successfully raised over $600,000 to construct 100 new homes in Morelos, Mexico, following a devastating earthquake in 2017. The initiative, in collaboration with nonprofit New Story, was matched by CEO Glenn Sanford's personal contribution of $300,000. From June 9-11, company leaders and a raffle-winning agent will visit the region to witness the project's impact. This effort aligns with eXp Realty's commitment to community-based culture and international expansion.
eXp World Holdings (Nasdaq: EXPI) announced participation in significant real estate events in Spain from May 25-27, 2022. Michael Valdes, President of eXp Global, will discuss metaverse opportunities at Inmociónate in Seville, while Renata Sutjo, International Broker of Record for eXp Spain, will join a panel at SIMAPRO in Madrid. These engagements are part of a European roadshow to promote eXp Realty, the world’s fastest-growing real estate company with over 81,000 agents across various countries.
eXp World Holdings, the parent company of eXp Realty, announced that its Founder, Chairman, and CEO Glenn Sanford will participate in a fireside chat alongside CFO Jeff Whiteside at the Jefferies Internet Summit on May 31, 2022, at 10 a.m. ET. The discussion, moderated by Jefferies equity research analyst John Colantuoni, will offer insights into the company’s growth and future plans. With over 81,000 agents globally, eXp Realty continues to expand and innovate in the real estate market, leveraging technology and providing equity opportunities for its professionals.
BELLINGHAM, Wash., May 10, 2022 — eXp World Holdings (Nasdaq: EXPI) announced participation in the 2nd Annual BTIG Housing Ecosystem Conference on May 10-11, 2022, in New York City. Key executives, including CFO Jeff Whiteside, CEO Jason Gesing, and President Michael Valdes, will hold one-on-one meetings on May 11. eXp Realty is recognized as the fastest-growing real estate company globally, boasting over 80,000 agents across multiple countries. The firm provides innovative brokerage solutions and equity awards for agents, fostering growth and productivity through its cloud-based platform, Virbela.
eXp Realty, a leading global real estate brokerage, has expanded its operations into New Zealand, now operating in 21 markets with over 80,000 agents worldwide. This launch enhances eXp's presence in the Asia Pacific region, complementing existing operations in Australia, India, and Hong Kong. Maria Stephens, with over 12 years of experience, will lead the New Zealand operations. eXp Realty's model offers agents an attractive commission structure, equity opportunities, and a cloud-based platform powered by Virbela, facilitating effective collaboration.
eXp World Holdings (Nasdaq: EXPI) reported a 73% revenue increase in Q1 2022, reaching $1.0 billion, driven by a 55% growth in agent count, totaling 78,196 agents. Net income rose 83% to $8.9 million, bolstered by a $5.1 million tax benefit. The company announced a $0.04 cash dividend for Q2 2022 and boosted its stock repurchase program to $20 million/month and $500 million total. eXp Realty expanded into the Dominican Republic and Greece, aiming for over 100,000 agents globally by year-end.
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