Even in the face of a global pandemic, eXp Realty is having a phenomenal year, with record revenues, international expansion, the launch of commercial operations, and yes — agent growth continues at a blistering pace.
Just today, the total number of real estate agents who have joined eXp comes in at more than 40,000 agents worldwide. Compared to a year ago around this same time when eXp agents numbered 25,000, this represents an increase of 60% growth year-over-year.
“The sheer enthusiasm of our agents for the opportunity we provide them to build great businesses and financial security has created unparalleled interest in our company. From new licensees to the world’s top agents, we have become the company where great agents see the best partnership for success,” said Dave Conord, eXp President of U.S. Growth.
eXp Operating in 8 Countries, Adding Businesses
Earlier in the year, eXp announced plans to expand to five additional international countries by year-end and has nearly completed that goal. Currently, eXp operates in eight countries, including its headquarters in the United States, Canada, United Kingdom, Australia, India, Mexico, Portugal, and South Africa. France is expected to open by year-end.
eXp also launched into the commercial real estate space with eXp Commercial. Plans call for commercial operations in all 50 states by the end of the year. eXp’s Commercial platform offers agents the same attractive generous commission and capping model, a revenue-share program and stock option opportunities.
Additionally in 2020, eXp World Holdings, the parent company of eXp Realty, made two purchases to help with future growth and business opportunities: It purchased Showcase IDX, which is a real estate search platform popular with consumers and real estate agents and it also acquired SUCCESS Enterprises, a personal development media company.
Agents Continue to Attract Other Agents
Just a year ago, eXp’s agent count numbered 25,000 agents. A big reason for eXp’s spectacular growth is eXp’s amazing agents, who are driving the increasingly rapid growth through their enthusiasm for all that eXp offers such as:
- Commission structure: eXp has a generous financial model, which includes an attractive commission structure (80/20 split with a $16,000 cap. After capping, it’s 100% commission).
- Revenue share program: eXp offers a revenue share program, which is far superior to a profit share program.
- Stock awards: eXp agents can earn stock in a variety of ways.
- Technology platform: eXp’s innovative cloud-based technology allows agents and staff to work from anywhere. But most importantly, eXp’s online world is highly collaborative where agents share leads and best practices with other agents.
> Read why eXp is better than an independent brokerage
Recently, eXp reported its most profitable quarter ever, recording a net income of $8.3 million
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