SOURCE: eXp World Holdings, Inc.

eXp World Holdings, Inc.

eXp World Holdings, Inc.

October 14, 2016 11:12 ET

Top International Luxury Agent in South Texas San Joins eXp Realty

Miguel Herrera Team Embraces Agent Ownership and Moves to the Cloud

BELLINGHAM, WA--(Marketwired - October 14, 2016) - eXp World Holdings, Inc. (OTCQB: EXPI) has announced that Miguel Herrera, the top international luxury agent in all of South Texas has joined eXp Realty, the Company's real estate brokerage division in San Antonio.

Herrera, who began his real estate career in 2010, has become a recognized leader within and among the luxury agent community as a result of the tremendous success he has achieved in just 6 years.

"The eXp Realty business model is the strongest in the industry," said Herrera, who for the second consecutive year, has been named the #1 International Luxury Agent in San Antonio, Hill Country and South Texas by Luxury League and a member of the Platinum Top 50 San Antonio group of agents consecutively from 2012-2016. "I am excited about the opportunity for true ownership, not just for me, but for my loyal and talented team members, and I am excited to teach and coach eXp agents from all markets who aspire to work in luxury on the eXpWorld campus. This is the future of real estate and I want to be a part of it."

Herrera, who has more than 27 years of business experience, achieved 2015 production in excess of $15 million and more than $24 million in 2016. Herrera was first introduced at a press availability on Tuesday of last week in San Antonio where the Agent-Owned Cloud Brokerage® held its 3rd Annual Conference in San Antonio, Texas.

"We welcome Miguel and each of the members of his team to our family of agent-owners," said eXp Realty CEO, Jason Gesing. "Miguel's desire to share what he knows is perfectly aligned with our ownership culture and we look forward to his leadership and contributions for many years to come."

Yesterday, eXp Realty announced that it has grown its family of agents and brokers to more than 1,900 across 41 markets in the United States and Canada. The Company had 864 agents on January 1 of this year and surpassed 1,500 agents in early August.

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.

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.

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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