SOURCE: eXp World Holdings, Inc.

eXp World Holdings, Inc.

eXp World Holdings, Inc.

June 28, 2016 11:28 ET

Landmark Group Joins eXp Realty in Greater Boston

Sally and Stephen Koss Team Joins Agent-Owned Cloud Brokerage

WALTHAM, MA--(Marketwired - June 28, 2016) - eXp Realty World Holdings, Inc. (OTCQB: EXPI) announced today that Sally and Stephen Koss, founders of the venerable Landmark brand in Greater Boston have joined eXp Realty, the Agent-Owned Cloud Brokerage™ after 31 years as franchisees within the RE/MAX system.

"We're extremely grateful for the opportunities that RE/MAX has afforded us over the course of the last three decades," said Sally Koss. "We care very much about the agents who have been a part of our family during that time and recognize that they have had the greatest impact on our success in the industry. We are now able to move away from the bricks and mortar infrastructure. With eXp we have access to ground-breaking real estate technology to better serve our agents and clients. Most importantly though, we are able to thank our agents by providing them with the very same opportunities that we have -- ownership as fellow shareholders able to build organizations within and across markets. While there are other companies in the industry that are publicly held, the driving force behind eXp's public company status is to give direct ownership to its agents and brokers. That's a game-changer for us."

Since 1985 Sally and Stephen Koss have built and developed the Landmark brand, one of the strongest in Southern New England under the RE/MAX umbrella, opening or acquiring numerous offices along the way in the Massachusetts communities of Boston; Stoughton; Sharon; Taunton; Westwood; Milton; Wayland; Wellesley; Bedford; Concord; Acton; Lexington; and, Lincoln.

"When the industry's most credible, most respected and shrewdest brokerage owners look closely at our high-engagement, low overhead, agent-ownership model the choice becomes clear," said eXp Realty CEO, Jason Gesing while at a kick-off event on Monday in Waltham, Massachusetts. "New Englanders are very progressive and also very thorough in their examination of new concepts, new technologies and new opportunities. The decision of Sally and Steve to join eXp Realty, particularly when presented with countless proposals for the next phase of their careers, speaks to the power of the eXp opportunity, but also to the degree to which they view and value their agents as true partners in their success. Since 2009, eXp Realty has been committed to providing agents, teams of agents, and brokerage-owners with the systems, support, culture and community needed to thrive in an evolving industry and in unpredictable economic conditions, allowing professionals to build scalable teams of agents in any of the markets that the company serves without additional capital requirements."

Sally Koss can be reached at 781-589-5626 and at sally.koss@exprealty.com

Stephen Koss can be reached at 781-589-5616 and at steve.koss@exprealty.com

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, 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.

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