eXp Realty’s Revenos referral program is gearing up for a lucrative 2024, having rapidly grown into a powerful referral engine for eXp Realty agents worldwide. Launched in January 2021 under the leadership of Dawn Conciatori, Vice President of Affiliated Services, Revenos has quickly become a leading global referral service.
The Revenos program spans several disciplines, including Relocation, Institutional Investors/REO, ExpressOffers, Affinity with Honor Military Rewards, Bundle Select and many more. With this strong foundation, Revenos is on its way to a record-breaking 2024.
Revenos Is on Track to Hit $2B in Sales Volume
From its inception, Revenos showcased its potential by closing $248 million in sales volume in its first year (2021). The program’s momentum only increased, with sales volume more than doubling each subsequent year. In 2022, Revenos achieved $633 million, and in 2023, it generated a staggering $1.134 billion in closed sales volume. For 2024, Revenos is on track to double the previous year’s volume, reflecting its robust growth trajectory.
“So far, we have over $400 million in volume this year and we have not yet hit the sweet spot of sales during the months of June, July, August and September – our most active months,” said Cindy Nixon, eXp’s Senior Global Director for Revenos’ Relocation and Affinity program, who was recently named a Rising Star of Women in Real Estate for 2024.
eXp Agents Are Loving the Revenos Program
In May 2024, Revenos surpassed 52,267 referrals, a testament to its efficacy and popularity among agents. Since its inception, the program has placed over 50,000 referrals, and so far in 2024, Revenos has completed 22,000 referrals. This remarkable performance underscores the program’s ability to effectively connect agents with lucrative opportunities.
“Revenos has single-handedly gotten our team through the recent market downturn when the rates went up,” said Chicago eXp agent Mike Scanlon, who is licensed in Illinois and Indiana and is building a team in Florida. “Revenos secured several institutional sellers and trusted us to sell their portfolios. We have now sold over 100 homes for Revenos sellers in the last 18 months, which has kept our business on an upward trajectory when every other segment of this business was slowing down.”
Revenos operates globally across all of eXp’s 24 markets, with 17,000 certified agents participating in the program. The certification ensures that all agents meet high standards of service and expertise. During the recent eXpcon Canada event, 99 agents were certified in the Revenos program, further expanding its reach and capabilities.
Corporate Relocation Services Is Generating Most Volume
Among its various services, corporate relocation has emerged as the program generating the most volume. It is currently available for eXp Realty agents in the U.S. and Canada. This specialization has helped Revenos carve out a significant niche in the competitive real estate market, offering tailored solutions for businesses and their relocating employees.
“Revenos is simple,” said California eXp Realty top producer Dan Beer. “Corporate-generated business is put in the hands of agents. It’s a huge win for us all.”
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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. These statements include, but are not limited to, statements about future cost saving measures; the continued growth of our agent and broker base; improvements in technology and operational processes; revenue growth; dividends; and financial performance. Such forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. 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; outcomes of ongoing litigation; 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.
