Agent growth continues at a startling speed at eXp Realty, where the number of real estate agents who have joined the company currently exceeding 35,000 agents worldwide, which is an incredible increase of 52% year-over-year.
Dave Conord, eXp President of U.S. Growth, attributes this rapid pace to eXp’s unique and innovative business model.
“As the world and real estate industry change, we have seen agents flocking to the security of our virtual brokerage platform where we have been able to increase services to our agents and their clients in a time when others have struggled to adapt. As a company that grows by way of agent word of mouth and referral, the more our company grows with great agents, the more it grows!”
eXp Expanding Into Five Countries, Adding Search Platform
eXp is the fastest-growing global real estate company with plans to expand to five countries by the end of the year, including France, India, Mexico, Portugal and South Africa. Currently, eXp operates in the United States, Canada, United Kingdom and Australia.
Additionally, eXp World Holdings, the parent company of eXp Realty, purchased Showcase IDX, which is a real estate search platform popular with consumers and real estate agents.
Top Producing Agents Attract Other Agents
Just a year ago, eXp’s agent count numbered 23,000 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 with other agents.
Recently, eXp reported its most profitable quarter ever, recording a net income of $8.3 million.
Learn why more agents and brokers are making the switch to eXp.