SOURCE: eXp World Holdings, Inc.

eXp World Holdings, Inc.

eXp World Holdings, Inc.

August 03, 2016 11:20 ET

eXp Realty Reaches 1,500 Agent Mark

Up 73% From 864 at Beginning of 2016

BELLINGHAM, WA--(Marketwired - August 03, 2016) - eXp World Holdings, Inc. (OTCQB: EXPI) today announced that eXp Realty, the Company's real estate brokerage division, has grown its family of agents and brokers to more than 1,500 across all markets in the United States and Canada. The Company had 864 agents on January 1st of this year and reached 1,000 agents on February 29th, 2016.

"eXp Realty continues to attract Increasing numbers of top agents who are entrepreneurial in their approach to the business and who recognize agent ownership as a fundamental shift in the way in which real estate professionals are valued as partners," said Company Founder and CEO, Glenn Sanford. "The Company is excited about its current growth trajectory and is continually looking to attract high quality professionals to the brokerage."

The announcement follows the recent additions of Rick Miller and Randall Miles as independent board members, as well as the addition of real estate industry veteran, and former senior vice president of industry relations for MOVE, Inc. operator of REALTOR.com®, Russ Cofano as the Company's Chief Strategy Officer and General Counsel.

eXp Realty launched in October of 2009 with an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals whom they attract into the Company. In 2013 the Company transitioned into being a public company and in 2014 its initiative of sharing equity with its agents and brokers catapulted it to an accelerated rate of growth and retention.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. is the holding company for a number of companies most notably eXp Realty LLC, the Agent-Owned Cloud Brokerage™ as a full-service real estate brokerage 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. eXp Realty, LLC and eXp Realty of Canada, Inc. also feature an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals who they attract into the Company.

eXp World Holdings, Inc. also owns 89.4% of First Cloud Mortgage, Inc. a Delaware corporation launched in 2015 and now licensed to originate mortgages in Arizona, California, Virginia and New Mexico. First Cloud Mortgage has positioned itself as a Planet Friendly Mortgage Company via the purchase of carbon offsets for homeowners offsetting the first year of the Carbon Footprint of the typical home on each mortgage originated through First Cloud Mortgage, Inc.

As a publicly-traded company, eXp World Holdings, Inc. uniquely offers professionals within its ranks opportunities to earn equity awards for production and contributions to overall company growth.

For more information you can follow eXp World Holdings, Inc. on Twitter, LinkedIn, Facebook, YouTube, or visit eXpWorldHoldings.com. For eXp Realty please visit: eXpRealty.com and for First Cloud Mortgage, Inc. check out FirstCloudMortgage.com.

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 Company's expansion, revenue growth, operating results, financial performance and net income changes. 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 Annual Report on Form 10-K.

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Contact Information

  • Investor Relations Contact Information:
    Glenn Sanford, Chairman & CEO
    eXp World Holdings, Inc.
    glenn@expworldholdings.com
    360-389-2426

    Trade and Media Contact Information:

    Jason Gesing, CEO
    eXp Realty
    jason@exprealty.com
    617-970-8518