eXp Realty Exceeds 50,000 Real Estate Agents Globally Following Record-Breaking Financial Results
30 Marzo 2021 - 10:00AM
eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for
eXp Realty, one of the fastest-growing residential and commercial
real estate companies, today announced that it has exceeded 50,000
agents globally. This represents a year-over-year increase of more
than 75% when compared to 28,449 agents at the end of Q1 in 2020.
“Our growth trajectory is a huge validation of our agent-centric
value proposition,” said Jason Gesing, Chief Executive Officer of
eXp Realty. “Agents are drawn to our innovative, cloud-based model
with clear financial incentives and unrivaled technology and
training. We are grateful to our incredible agents for championing
the platform and helping us transform the real estate industry for
agents and consumers alike. We’re thrilled to enter the second
quarter having achieved this critical milestone.”
This achievement follows eXp’s record 2020 financial results in
which revenue increased 84% year-over-year to $1.8 billion. Agent
growth in 2020 also increased at a rapid pace. The number of agents
and brokers who joined eXp last year increased 63% to 41,313
compared to 25,423 at the end of 2019.
Along with its record-breaking financial results and agent
growth in 2020, eXp Realty also expanded into five new
international locations, including France, Portugal, Mexico, India
and South Africa. By the end of the second quarter of 2021, eXp
will have a presence in 16 countries. Additionally, for the fourth
consecutive year, agents and employees named eXp Realty a best
place to work in Glassdoor’s 2021 Employees’ Choice Awards among
U.S. large businesses.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company
for eXp Realty, Virbela and SUCCESS Enterprises.
eXp World Holdings and its global brokerage, eXp Realty, is one
of the fastest-growing real estate tech companies in the world with
more than 50,000 agents in the United States, Canada, the United
Kingdom, Australia, South Africa, India, Mexico, Portugal, France,
Puerto Rico, Brazil, Italy and Hong Kong 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 an immersive 3D platform that
is deeply social and collaborative, enabling agents to be more
connected and productive.
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 economic and social
effects of the COVID-19 pandemic; 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
new 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:
MZ Group – MZ North America
investors@expworldholdings.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/2404f637-82ba-49d0-aa15-60aa15a8411b
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