The highly anticipated 2021 Swanepoel Trends Report was just published and eXp Realty has a prominent chapter in its 16th annual edition, calling eXp, “a real estate phenomenon” that is “poised for success in 2021 and beyond.”
The Swanepoel Trends Report is a much-respected annual report published by the T3 Sixty group of analysts, led by Chairman and CEO Stefan Swanepoel. It is called the “gold standard” by industry experts for its objective research and analysis of the real estate industry.
Within the Swanepoel report for 2021, it contains nine trends for 2021, with eXp Realty listed as Trend No. 5, titled, “Real Estate’s Cloud-Based Brokerage Takes Flight.”
Within the chapter, it reviews reasons for eXp’s success since its inception in 2009, citing the benefits of its cloud brokerage model, capped commissions for agents, its revenue-sharing program — as compared to profit-sharing — and potential for agent equity through stock awards.
“These programs have created wealth for tens of thousands of people and driven organic growth through agent recruiting,” according to the report.
Additionally, the Swanepoel report cites that in the face of COVID-19, eXp is well-positioned to thrive in 2021 and beyond due to its early adoption of a business-in-the-cloud model that has greatly lowered costs for the company, which are then reinvested into its revenue-sharing, stock and capped commission programs.
eXp Closing on a Phenomenal 2020
eXp is ending 2020 on a blistering pace of growth and expansion. eXp has:
- Recorded its most profitable quarter ever in Q3
- Exceeded 40,000 agents worldwide
- Acquired search technology site Showcase IDX and personal development media property SUCCESS Enterprises
- Established commercial real estate operations in all 50 states
- Launched eXp Global, with expansion into five countries during 2020: France, India, Mexico, Portugal and South Africa.
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