SOURCE: eXp Realty International Corporation

eXp Realty International Corporation

February 06, 2015 10:05 ET

eXp Realty Announces 2015 "Icon Agent" Program

Eligible Agents to Earn 100% Cap Relief in the Form of up to $16,000 in Public Company Stock

BELLINGHAM, WA--(Marketwired - Feb 6, 2015) - eXp Realty International Corporation (OTCQB: EXPI), the Agent-Owned Cloud Brokerage, today released its 2015 "Icon Agent Program" providing significant public equity awards to agents who achieve high levels of production within their marketplace and who represent a good cultural fit for the brokerage.

The program, aimed at attracting and incentivizing top agents into eXp Realty, provides each qualified "Icon" with up to sixteen thousand dollars ($16,000) in publicly-traded eXp Realty International Corporation common stock upon the achievement of certain production goals within an agent's anniversary year. The Company's cap is presently set at $16,000. Through the program, Icons effectively earn up to their entire cap amount back in the form of public company investment.

"This program allows some of the most talented and entrepreneurial professionals in the industry and in their marketplaces, to build an ownership stake in EXPI in a very significant way," said President, Jason Gesing. "We believe that the most valuable asset of any brokerage is the agents who are part of it and at eXp Realty, our agents and brokers earn an increasing ownership stake in the organization simply by doing those things that agents are going to do anyway -- close transactions, contribute to growth, and achieve at high levels. With this program, we're simply extending that opportunity even further for those folks whose professionalism, expertise, and exceptional service attracts attention and respect within local markets."

The program has transaction, production and gross commission thresholds that are adjusted according to average transaction value in a particular Icon's market, and there is a vesting period attached to a portion of each award. Candidates for the program will be evaluated by a committee of existing eXp Realty Icons, ensuring that anyone admitted into the program fits into the Company's collaborative culture of ownership.

For more information, or to be considered for the program, Icons are encouraged to visit: http://join.exprealty.com/icon-agent-questionnaire/

For those interested in talking with other investors about eXp Realty online join the conversation at: http://investorshangout.exprealty.com/

eXp Realty is a full-service real estate brokerage company providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. This effectively reduces their overhead, increases their profits, and provides greater service value to consumers.

As a publicly-traded company, eXp uniquely offers agents and brokers the opportunity to earn equity awards for production and contributions to company growth. The company also features an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow professionals who they attract into the Company.

About eXp Realty International Corporation

From its inception, eXp Realty has been engaged in the marketing and sale of residential real estate with the goal of being the first truly cloud-based, full-service, global real estate brokerage company, delivering around-the-clock access to collaborative tools and professional development for managing real estate brokers and agents. The business model was created to increase brokers' and agents' listings and sales, while reducing their overhead and capital requirements. eXp can now be found in 29 states and parts of Canada. For more information, visit: www.exprealty.com or investors.exprealty.com.

You can also follow eXp Realty International on Twitter, LinkedIn, Facebook, and YouTube. and on the eXp livestream channel.

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.

Contact Information

  • Investor Relations Contact Information:
    Glenn Sanford
    Chairman & CEO
    eXp Realty International Corporation
    Email Contact
    1+360-389-2426

    Trade and Media Contact Information:
    Jason Gesing
    President
    eXp Realty International Corporation
    Email Contact
    1+617-970-8518

    Education, Information, Training & Support:
    Brad Andersohn
    Director of Education & Industry Outreach
    Email Contact
    1+707-646-1876