eXp Realty Opens Brokerage Operations in the Dominican Republic
08 Febrero 2022 - 8:00AM
eXp Realty®, the fastest-growing global real estate brokerage and
the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), has
expanded into the Dominican Republic. eXp Realty now operates in 19
countries with over 73,000 agents around the world.
eXp’s real estate brokerage operations in the Dominican Republic
will be led by Marbel Lugo, who brings more than 20 years of
experience in real estate investment, consulting and development.
Lugo is a pioneer in the Dominican Republic real estate industry as
a Board member of the Association of Real Estate Agents, author,
and the first real estate coach in the country.
“As we continue to gain traction in the Caribbean and Latin
American markets, we have had significant interest from agents in
the Dominican Republic and feel it’s a perfect next step in
expanding our footprint,” said Michael Valdes, President of eXp
Global who is responsible for eXp Realty’s worldwide expansion.
“With a strong residential property market driven by tourism, easy
international access and attractive incentives for foreign
investment, the Dominican Republic is an ideal market to expand our
growing brand.”
eXp Realty’s agile cloud-based work platform has allowed it to
expand rapidly across the globe, opening 14 new markets over the
past two years. The Dominican Republic represents the first of
three markets that eXp Global has identified for expansion in the
first quarter of 2022. Greece and New Zealand are slated to open
later in the quarter.
“eXp is transforming the real estate industry, and with new
operations in the Dominican Republic, we will improve the lives and
businesses of real estate agents by providing new tools and growth
opportunities,” said Lugo. “Together, we will bring the future of
real estate to our agents in the Dominican Republic through eXp
Realty’s unique model, while also offering faster and more
efficient services to homebuyers and sellers.”
eXp Realty’s financial model for residential real estate agents
offers an attractive commission structure, providing agents with an
opportunity to earn additional income by helping to grow the
company’s agent base globally, and earn equity in the company
through listing and selling activities. eXp Realty’s cloud-based
brokerage is powered by Virbela, the company’s immersive and
collaborative virtual platform, which enables its agents to
communicate, meet and conduct business in the metaverse.
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 73,000 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 and the Dominican Republic 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:MZ Group – MZ North
Americainvestors@expworldholdings.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a0493904-8a70-43c8-8d6c-8b8626448894
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