SOURCE: eXp Realty International Corporation

eXp Realty International Corporation

April 23, 2015 10:30 ET

Gene Frederick to Join eXp Realty

Top Recruiter With Previous Firm to Be Introduced at Meeting of Agent-Owners and Shareholders

BELLINGHAM, WA--(Marketwired - Apr 23, 2015) - eXp Realty International Corporation (OTCQB: EXPI), The Agent-Owned Cloud Brokerage™, today announced that Gene Frederick, a renowned recruiter in the real estate industry, is joining the Company. Mr. Frederick will join eXp Realty following an impressive tenure with industry leader Keller Williams (KW) since 1994.

"Keller Williams is a wonderful organization. I am very proud of what we have been able to accomplish together over the last twenty years," said Frederick. "I wish all of the wonderful people at KW nothing but continued success and, knowing the leadership and culture as I do, know they wish the same for me. I am grateful for the breadth of experience KW afforded me and am excited to move onto the next stage of my career with eXp Realty."

Frederick was the top recruiter for Keller Williams in 4 of the last 10 years, in 2005 and 2006, and again in 2012 and 2013. He also previously was one of the Top 20 agents in the State of Texas. As part of the announcement Frederick also indicated that he would be divesting his ownership interest in the Northern California region, as well as interests in market centers located in Dallas, TX; Cupertino, CA; Amarillo, TX; Alexandria, VA; Carmel, CA; and, Palo Alto, CA .

Frederick, who resides in Austin, Texas, participated in a Google hangout with eXp Realty President, Jason Gesing and CEO and Founder, Glenn Sanford. The recording of that session can be found here: https://www.youtube.com/watch?v=ugaUSSWyJHg.

Frederick will also speak this morning at the Company's first Meeting of Present and Future Shareholders in Tempe, Arizona which the company will attempt to Stream Live via its YouTube Channel located at http://www.youtube.com/eXpRealty starting around 8:30am PDT.

"As I came to understand eXp's model and the manner in which they conduct business I could sense the excitement that exists within the organization," said Frederick. "The idea of Agent-Ownership, that agents and brokers who are part of the organization are also its shareholders, is a game changer in my opinion. Additionally, looking at how the company has leveraged technology to lower costs and enable its revenue sharing program, I believe this model is going to empower a new generation of real estate professionals and I am both proud and eager to be in business with these folks," Frederick said.

eXp Realty President Jason Gesing stated, "In getting to know Gene since he first contacted us last November, we have come to understand and appreciate the level of his character and career achievements. With each program and every professional we introduce into the Company, we are mindful of whether or not the initiative or individual fits well within the eXp culture. I cannot imagine a better fit from a professional or personal perspective than Gene Frederick for the eXp family."

Company CEO Glenn Sanford added, "While constructing the business plan for eXp Realty I was focused on developing what I thought the ideal brokerage had to look like in order for me to join if I were an agent. To attract and engage an industry leader of Gene's caliber represents validation for the company and the infrastructure we continue to build. I am energized by the opportunity to know Gene and work with him for a very long time," said Sanford.

Mr. Frederick concluded, "I know what it's like to be part of a great organization in its earliest stages that is truly building the future of the industry. I am excited to participate again in that level of innovation."

About eXp Realty International Corporation

eXp Realty is 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. The eXp infrastructure effectively reduces agents' overhead and increases their profits while providing 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.

eXp operates in approximately 30 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 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