Move over Richard Branson, Jeff Bezos and Elon Musk because eXp Realty is on a rocketship ride, too.
eXp continues to experience phenomenal growth as the brokerage just surpassed 60,000 agents worldwide. This incredible trajectory is due to several things, including its generous financial model, innovative tools and its collaborative community. But one, big overarching characteristic remains clear: eXp is focused on the success and financial well-being of its agents.
“When the growth of your company relies on agents referring agents, it’s imperative we remain completely obsessed with making eXp a place where agents achieve great success,” said Dave Conord, eXp President of U.S. Growth. “There’s nothing more satisfying than listening to story after story of our agents building great lives through the eXp platform. This is the foundation to our incredible growth.”
Eclipsing 60,000 agents reflects a 45% increase since the start of the year when eXp had 41,313 agents, which already represented a 63% increase over the 25,423 agents at the end of 2019. While other national brokerages are realizing only single-digit agent growth — or even losing agents — eXp continues to experience impressive double-digit agent growth year-over-year.
eXp Continues Its International Expansion
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 and Panama. Plans call for expansion into Japan and Germany by the end of the year.
eXp also launched eXp Commercial last year, where 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.
eXp’s Attractive Value Proposition
eXp’s value proposition is undeniably attractive and is the reason for eXp’s spectacular growth because it puts agents first. Here’s a glimpse:
- 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.
Learn why more agents and brokers are making the switch to eXp.