As 2021 is winding down, the number of agents who are joining eXp Realty is ramping up.
Since the start of the year, eXp Realty has added more than 28,600 agents — a whopping increase of 69% over 12 months, exceeding 70,000 agents worldwide.
“Our agent-centric focus and continuous innovation has allowed us to continue adding real estate agents to the eXp Realty platform in greater numbers every year,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “As the fastest-growing real estate brokerage on the planet, we will look to enhance the agent value proposition to continue our eXponential growth well into the future.” (Read the press release here.)
eXp Realty’s Value Proposition: Commission, Cloud and Community
A big reason for eXp Realty’s success is its attractive value proposition, which is built on the three C’s: Commission, Cloud and Community. It is the cornerstone for eXp’s spectacular growth because it puts agents first. Here are more details:
- Compensation: 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). Plus, eXp offers a revenue share program, which is far superior to a profit share program and agents can earn stock in a variety of ways.
- Cloud (Technology platform): eXp’s innovative cloud-based technology allows agents and staff to work from anywhere.
- Community: eXp’s online community is highly collaborative where agents share leads and best practices with other agents.
eXp continues to experience double-digit growth year-over-year while other national brokerages are realizing only single-digit agent growth — or even losing agents.
eXp Now in 18 Countries, Including HQ in the U.S.
In addition to eXp’s headquarters in the United States, the brokerage has an international presence in 17 other countries and locations, including Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany.
eXp’s model of a brokerage without boundaries has helped eXp agents attract and expand into regions normally not permitted in traditional brokerage models — including regionally, across states, countries and even commercial real estate.
eXp Commercial is growing rapidly with plans 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.
Safe Harbor Statement
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 continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. 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 Quarterly Report on Form 10-Q and Annual Report on Form 10-K.
