eXp Realty’s innovative platform and emphasis on agent success continue to be recognized as the first cloud-based brokerage has landed on the 2020 Swanepoel Mega 1000 list for the third straight year.
The prestigious Swanepoel Mega 1000 list identifies the top 1,000 residential real estate brokerages in the United States as of December 31, 2019. eXp first made the Swanepoel list in 2018 and achieved that same status in 2019 and now again in 2020.
The Swanepoel list is an annual analysis that ranks the largest residential real estate brokerages in the United States based on agent count, sales volume and transactions.
eXp’s achievements for 2020 are as follows:
- No. 2 Top Mover for Sales Volume Growth – eXp grew 83% year-over-year in sales volume.
- No. 3 Closed Transaction Sides — eXp closed on 130,627 sides in 2019, which is a 77.8% increase over 2018’s sides of 73,458.
- No. 3 Agent Count – eXp ended 2019 with 25,423 agents and brokers. This is an increase of 63% from 2018’s count of 15,570. As of May 14, 2020, the agent count is more than 29,000.
- No. 4 Closed Sales Volume — eXp closed on $36.2 billion in sales volume in 2019 as compared to $19.5 billion in 2018, which is an increase of 83%.
From the Swanepoel site:
“The brokerage landscape is undergoing a period of rapid change. The influx of vast amounts of capital combined with maturing technology is restructuring the way homes are bought and sold and how real estate brokerages operate. Many companies founded in the last 10 to 15 years have grown rapidly and are realizing disproportionate market share growth.
The 2020 Mega 1000 clearly reflects this.
Compass (No. 3), founded in 2012, and eXp Realty (No. 4), founded in 2009, both grew their annual sales volume over 5X between 2017 and 2019 – they led all Mega 1000 brokerages in growth over this period. Compass achieved this jump largely through acquisitions while eXp Realty, fueled by an attractive recruiting model and relatively low commissions, has grown organically. “
There is no doubt that eXp’s rapid, natural growth and recognition is turning heads due to its generous commission structure for agents and its world-class tools and technologies platform. Additionally, the current climate of remote work due to COVID-19 has further accelerated eXp’s desirability.
Learn why more agents and brokers are making the switch to eXp.