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eXp World Holdings Reports Record Second Quarter 2018 Results

Revenue Accelerates to $130.5 Million, 235% Year-over-year Increase

BELLINGHAM, WASH. — Aug. 13, 2018 — eXp World Holdings (NASDAQ: EXPI), the holding company for eXp Realty, the largest residential real estate brokerage by geography in North America, today announced financial results for the second quarter ended June 30, 2018.

EXPI Q2 2018 Highlights

“We received a number of industry honors this quarter due to our amazing agents as they continue to deliver top production numbers, including this quarter’s record transaction and volume levels,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. “We are proud to be on this journey together, providing superior technology and agent support. This quarter also marked a pivotal day in the history of eXp Realty as we moved to Nasdaq.”

Second Quarter 2018 Financial Summary

  • Revenue increased 235% in the second quarter to a record $130.5 million, compared to $39 million in the second quarter of 2017. This represents sequential growth of 111%, compared to $62 million in the first quarter of 2018.
  • Gross margin grew 193% in the second quarter of 2018 to $12.4 million, compared to $4.2 million in the second quarter of 2017.
  • Net loss was $1.9 million, or $(0.03) per diluted share in the second quarter of 2018, compared to net loss of $2.1 million, or $(0.04) per diluted share, in the second quarter of 2017.
  • Adjusted EBITDA (a non-GAAP financial measure) significantly increased to $3.4 million in the second quarter of 2018, compared to a ($155,000) in the second quarter of 2017.
  • Cash flow from operations significantly increased to $8.6 million in the second quarter of 2018, compared to $475,065 in the second quarter of 2017.

Second Quarter 2018 Consolidated Operating and Business Highlights

  • Residential transaction sides closed in the second quarter of 2018 was 19,903, an increase of 214%, compared to 6,331 during the second quarter of 2017. This represents 110% sequential growth, compared to 9,473 during the first quarter of 2018.
  • Residential transaction volume closed in the second quarter of 2018 was $5.3 billion, an increase of 251%, compared to $1.5 billion during the second quarter of 2017. This represents 128% sequential growth, compared to $2.3 billion during the first quarter of 2018.
  • Agent count was 11,856 at the end of the second quarter of 2018, an increase of 203%, compared to 3,913 in the second quarter of 2017. This represents 28% sequential growth, compared to 9,290 at the end of the first quarter of 2018. During the early part of the third quarter, the Company made modifications to internal tracking of agent count. This led to a discrepancy in reporting during the month of June. The discrepancy has been identified and remedied and the Company is on track to end the year with an agent count between 16,000 and 20,000. As of July 31, 2018, the number of eXp Realty agents totaled 12,551.

Use of Non-GAAP Financial Measures

To provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, a non-GAAP financial measure. We view Adjusted EBITDA as an operating performance measure and, as such, we believe that the GAAP financial measure most directly comparable to it is net income (loss). We define Adjusted EBITDA as net income excluding interest, income taxes, depreciation, amortization, and stock based compensation. We believe that Adjusted EBITDA provides us an important measure of operating performance and enhances comparability while providing investors with useful insight into the underlying trends of the business. Our use of Adjusted EBITDA has limitations as an analytical tool, and this measure should not be considered in isolation or as a substitute for an analysis of our results as reported under GAAP, as the excluded items may have significant effects on our operating results and financial condition. Additionally, our measure of Adjusted EBITDA may differ from other companies’ measure of Adjusted EBITDA. When evaluating our performance, Adjusted EBITDA should be considered with other financial performance measures, including various cash flow metrics, net income and other GAAP results. In the future, we may disclose different non-GAAP financial measures in order to help our investors and others more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.

About eXp World Holdings

eXp World Holdings, Inc. (NASDAQ: EXPI) is the holding company for eXp Realty, LLC, the largest residential real estate brokerage by geography in North America. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America operating in 49 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Safe Harbor Statement

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. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the company’s expansion, revenue growth, operating results, financial performance and net income changes. 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; 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 Annual Report on Form 10-K.

Reported Consolidated Results

EXP WORLD HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
June 30, 2018 December 31, 2017
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 15,567,430 $ 4,672,034
Restricted cash 2,894,294 923,193
Accounts receivable, net of allowance $189,240 and $179,759, respectively 22,974,140 6,912,657
Prepaids and other assets 679,465 591,034
TOTAL CURRENT ASSETS 42,115,329 13,098,918
OTHER ASSETS
Fixed assets, net 1,978,362 1,538,213
TOTAL OTHER ASSETS 1,978,362 1,538,213
TOTAL ASSETS $ 44,093,691 $ 14,637,131
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable $ 1,022,514 $ 635,087
Customer deposits 2,894,294 923,193
Accrued expenses 25,217,704 8,818,180
TOTAL CURRENT LIABILITIES 29,134,512 10,376,460
STOCKHOLDERS’ EQUITY
Common Stock, $0.00001 par value 220,000,000 shares authorized;
57,475,022 and 54,962,535 shares issued and outstanding at
June 30, 2018 and December 31, 2017, respectively 575 550
Additional paid-in capital 60,121,007 36,848,041
Accumulated deficit (45,179,377 ) (32,596,374 )
Accumulated other comprehensive income (loss) 16,974 8,454
TOTAL STOCKHOLDERS’ EQUITY 14,959,179 4,260,671
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 44,093,691 $ 14,637,131

 

EXP WORLD HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended June 30, Six Months Ended June 30,
2018 2017 2018 2017
Revenues $ 130,542,808 $ 38,980,941 $ 192,505,339 $ 60,509,124
Operating expenses
Cost of revenues 118,119,212 34,740,874 173,820,728 53,701,009
General and administrative 12,988,835 5,692,647 28,677,583 10,468,528
Professional fees 596,781 318,383 1,189,146 682,843
Sales and marketing 710,368 348,823 1,356,165 650,045
Total expenses 132,415,196 41,100,727 205,043,622 65,502,425
Net loss from operations (1,872,388 ) (2,119,786 ) (12,538,283 ) (4,993,301 )
Other income and (expenses)
Interest expense (3,762 ) (5,477 )
Total other income and (expenses) (3,762 ) (5,477 )
Loss before income tax expense (1,872,388 ) (2,123,548 ) (12,538,283 ) (4,998,778 )
Income tax expense (14,270 ) (23,747 ) (44,720 ) (48,338 )
Net loss $ (1,886,658 ) $ (2,147,295 ) $ (12,583,003 ) $ (5,047,116 )
Net loss per share attributable to common shareholders
Basic from continuing operations $ (0.03 ) $ (0.04 ) $ (0.22 ) $ (0.10 )
Diluted from continuing operations $ (0.03 ) $ (0.04 ) $ (0.22 ) $ (0.10 )
Weighted average shares outstanding
Basic 56,877,099 52,749,086 56,427,515 52,583,658
Diluted 56,877,099 52,749,086 56,427,515 52,583,658

 

US-GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION
Quarter to Date
Adjusted EBITDA Reconciliation, QTD Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18
Net Income / (Loss) $ (2,899,821 ) $ (2,147,296 ) $ (5,314,737 ) $ (11,769,111 ) $ (10,696,345 ) $ (1,886,658 )
Interest 1,715 3,762 58 (3,458 )
Taxes 24,591 23,747 3,277 45,619 30,450 14,270
Depreciation & Amortization 13,265 81,437 112,487 146,040 183,321 147,558
Stock Compensation 646,232 757,145 2,357,877 7,200,377 8,279,109 3,989,602
Stock Option (benefit) 1,467,735 1,126,195 1,971,394 2,290,705 1,301,702 1,181,969
Agent equity program
Adjusted EBITDA (746,283 ) (155,010 ) (869,644 ) (2,089,829 ) (901,763 ) 3,446,741

 

In prior quarters, when disclosing adjusted EBITDA, the Company included non-cash expenses related to its Agent Equity Program (AEP), a program whereby the Company grants awards of the Company’s common stock to agents for meeting certain achievements. Including the expense related to the AEP was incorrect and, as such, it has been excluded from the US-GAAP Net Income (Loss) To Adjusted EBITDA Reconciliation table above, resulting in a reduction to adjusted EBITDA as reported in the first quarter of 2018.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Vice president of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949.385.6449
greg.falesnik@mzgroup.us

 

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eXp Realty Announces July ICON Agents

Honorees Recognized for Achieving High Production and Cultural Goals

BELLINGHAM, WASH. — Aug. 9, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), today announced 13 agents were honored as eXp Realty ICON agents for July 2018.

July 2018 ICON Agents

The eXp Realty ICON Agent Award recognizes agents who achieve certain production goals and represent a good cultural fit for the brokerage. At eXp Realty, our core values shape our culture, so we look at a number of factors such as how ICON agents make positive change in our company and local community.

eXp Realty ICON agents for July are as follows:

  • Jeff Arzonico, North Carolina
  • Derek Brandenburg, North Dakota
  • Erin Catron, Oklahoma
  • Steve Freeman, Georgia
  • Christine Gioia, Arizona
  • Michael Hagen, Kansas
  • Dina Hogg, Arizona
  • Clifton Johnson, Texas
  • Heather Littrell, North Carolina
  • Dawn Porras, Georgia
  • Jake Rockwell, Oregon
  • Jeremy Smith, Texas
  • Kristin Sumpter, Arkansas

“We are so excited to welcome these outstanding agents into the eXp Realty ICON agent family. I am amazed by how this group of agents embodies eXp Realty’s core values through mentoring agents and volunteering in their local communities,” said eXp Realty President Vikki Bartholomae.

The eXp Realty ICON Agent Award provides each qualified ICON with up to $16,000 in publicly traded eXp World Holdings, Inc. common stock upon the achievement of certain production goals within an agent’s anniversary year. The company’s cap is presently set at $16,000. Through the program, ICONs effectively can earn up to their entire cap amount back in the form of stock. ICON agent qualification details are available on the ICON Agent Award page.

About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America operating in 49 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Vice president of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949.385.6449
greg.falesnik@mzgroup.us

 

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eXp World Holdings Names Jason Gesing as Executive Vice President, Business Development

BELLINGHAM, WASH. — Aug. 3, 2018 — eXp World Holdings, Inc. (NASDAQ: EXPI), the holding company for eXp Realty, the largest residential real estate brokerage by geography in North America, today announced Jason Gesing has been named Executive Vice President, Business Development. Jason has been eXp Realty’s Chief Executive Officer since May 2016 and will remain a member of the eXp World Holdings Board of Directors.

Jason Gesing Executive Vice President Business Development

He has been a critical part of eXp Realty since joining the company in March 2010 and has served in a number of capacities, including managing broker of multiple states, General Counsel and President. In his new role, Jason will support the company’s larger enterprise by evaluating and developing complementary ventures outside of the more traditional residential real estate vertical.

“During our more than eight years working together, Jason has demonstrated a unique ability to articulate the eXp Realty value proposition that will be invaluable as we look to leverage into other businesses which we believe will benefit all our stakeholders, whether as an agent, broker or shareholder,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. “We wouldn’t be able to make this shift if it wasn’t for the great team we have developed to run eXp Realty. They have enabled the company to grow by more than 200 percent in the last 12 months, which is faster than any time in the company’s history both in agent count as well as percentage year-over-year growth. I will look to this strong team to help as Jason transitions to this important new role.”

About eXp World Holdings

eXp World Holdings, Inc. (NASDAQ: EXPI) is the holding company for eXp Realty, LLC, the largest residential real estate brokerage by geography in North America. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with 13,000 agents in 49 U.S. states, the District of Columbia, and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Vice president of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949-385-6449
greg.falesnik@mzgroup.us

 

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eXp Realty President Vikki Bartholomae and COO Mary Frances Coleman Named 2018 Women of Influence by HousingWire Magazine

BELLINGHAM, WASH. — Aug. 1, 2018 — eXp Realty (NASDAQ: EXPI), a subsidiary of eXp World Holdings and the largest residential real estate brokerage by geography in North America, today announced that President Vikki Bartholomae and Chief Operating Officer Mary Frances Coleman were recognized as 2018 Women of Influence by HousingWire Magazine.

Women of Influence 2018

The HousingWire Women of Influence recognizes women leading the mortgage and housing industry forward and who demonstrate leadership that inspires those in their own companies, in their communities and in the industry at large.

“It is no surprise that Mary Frances and Vikki are on the Women of Influence list as they embody inspirational and effective leadership,” said eXp Realty Founder Glenn Sanford. “In a short time, Mary Frances successfully took on a key leadership role, providing immediate value on how to improve company operations. Vikki’s passion for eXp Realty and real estate with integrity makes her a powerful role model for new and top-producing agents. Not only are they influential at eXp Realty, but in their local communities and the real estate industry.”

The HousingWire Women of Influence list is chosen by HousingWire editorial staff based on tangible accomplishments in the last 12 months. Winners excel within their individual companies and show influence in the wider industry through contributions on panels, publications, mentoring and volunteering.

About eXp Realty

eXp Realty, LLC (NASDAQ: EXPI) is a subsidiary of eXp World Holdings, Inc. and the largest residential real estate brokerage by geography in North America. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 13,000 agents in 49 U.S. states, the District of Columbia, and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949-385-6449
greg.falesnik@mzgroup.us

 

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eXp Realty Founder Glenn Sanford Named Most Innovative Broker Owner in 2018 Inman Innovator Awards

BELLINGHAM, WASH. — July 19, 2018 — eXp Realty (NASDAQ: EXPI), a subsidiary of eXp World Holdings and the largest residential real estate brokerage by geography in North America, today announced that Founder Glenn Sanford won a 2018 Inman Innovator Award for Most Innovative Broker Owner.

“I am honored to carry home the Most Innovative Broker Owner Award for the more than 13,000 agents and staff who make eXp Realty such an amazing place to work. It has been a real treat to spend time with the other finalists, speakers and idea-makers this week at Inman Connect,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. “Innovation is one of our core values that we have embraced from our first day in business, so this award is a culmination of the team’s hard work.”

The Inman Innovator Awards winners are selected by the Inman News editorial team and represent companies or individuals who consistently try new things, adopt new technology, create a new culture or approach to real estate or has figured out how to achieve an unmatched level of success.

About eXp Realty

eXp Realty, LLC (NASDAQ: EXPI) is a subsidiary of eXp World Holdings, Inc. and the largest residential real estate brokerage by geography in North America. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 13,000 agents in 49 U.S. states, the District of Columbia, and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949-385-6449
greg.falesnik@mzgroup.us

 

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eXp Realty Hires Holly Mabery as Arizona Broker, Promotes Jim Nuth to Regional Operations Manager

BELLINGHAM, WASH. — July 10, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), today announced that Holly Mabery has joined the company as the broker for Arizona. Holly has more than 20 years of experience in the real estate industry as a full-time REALTOR®, former president of the Arizona Association of Realtors and co-creator of the Arizona Realtors Leadership Training Academy. Most recently, Holly was an associate broker at a national real estate brokerage.

At eXp Realty, Holly will be responsible for the successful administration of the company’s brokerage operations in Arizona. She will support agents in the delivery of exceptional real estate brokerage service to their clients.

With Holly on board, current Arizona Broker Jim Nuth has been promoted to regional operations manager for eXp Realty. His responsibilities include risk management, and creating processes and systems to provide premier service to eXp Realty agents.

“Holly brings a contagious enthusiasm for all things real estate and we are excited to bring her skills and passion to eXp Realty,” said Senior Vice President of Brokerage Operations Stacey Onnen. “We also couldn’t be happier that Jim remains on our team. His knowledge, commitment and humor will provide a superior level of support to all of our brokers.”

About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 13,000 agents in 49 U.S. states, the District of Columbia, and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949-385-6449
greg.falesnik@mzgroup.us

 

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eXp Realty Adds Top Agents and Teams Across North America

BELLINGHAM, WASH. — July 3, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), today introduced new top agents and teams to the eXp Realty family.

More than 12,000 top agents and teams have realized the benefits of joining eXp Realty. The following are some of the new eXp Realty agents from across Canada and the United States:

  • Lisa Aubin, Ontario: Lisa has four years of experience in the real estate industry. She is a three-time Royal LePage Diamond Award recipient for being among the top three percent. Lisa also is active in her community by supporting local charities.
  • Jana Caudill and The Jana Caudill Team, Florida and Indiana: Jana and her team consistently rank No. 1 in Northwest Indiana, recently expanding their successful team model to Southwest Florida. Jana has been among the Top 300 Mega Performers in the nation and a Star Power Star. While at Keller Williams, she served as a Role Model Agent, Operating Principal and Regional Director.
  • Tom Daves and Tom Daves Team, California: In real estate for more than 35 years, Tom has worked every aspect of the industry and ranked among Keller Williams’ top real estate teams in the nation. He also frequently appears on national television as an industry leader.
  • Amanda and Rodney Heard and the Heard Real Estate Team, Indiana: The Heard Real Estate Team consistently ranks as one of the top ten teams in their market. During the past year, they have sold more than 230 homes with a sales volume of $53 million. Purdue University graduate Amanda and former Marine Rodney manage a high-profile, full-time team of 12.
  • Kevin Kauffman and Fred Weaver, Group 46:10 Network; Arizona, California, Colorado, Tennessee: During the past decade, Group 46:10 Network consistently has been recognized as one of the top real estate teams in the industry, including listed on the Real TRENDS Top 100 for transaction sides and ranked in the top 1 percent of all real estate agents in the United States.
  • Jake Rockwell and The Rockwell Real Estate Group, Oregon: Jake and his team are one of the top teams in Oregon. They hold numerous awards for production, closing more than 200 deals in 2017, and using innovative marketing strategies and advanced technology.
  • Solomon Yasin, British Columbia: Solomon has more than seven years experience in the real estate industry and has closed more than 300 transactions. An award-winning agent, he received RE/MAX’s 100% Club award for achieving levels of productivity that were more than double the industry average, and Sutton Group Preferred’s Platinum, Diamond, Masters awards, for closing 25, 50 and 75 deals in a year, respectively.

“We are excited by the amazing growth at eXp Realty already this year and are equally excited to welcome this high caliber of agents and teams this quarter,” said eXp Realty Senior Vice President of Brokerage Operations Stacey Onnen. “In addition to nearly doubling our agent count since the beginning of the year, we’ve also added more staff in all areas to ensure our service level matches what agents expect from eXp Realty.”

About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 12,000 agents in 49 U.S. states, the District of Columbia, and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949-385-6449
greg.falesnik@mzgroup.us

 

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eXp Realty Founder Glenn Sanford Named a Glassdoor Top CEO in 2018

Company Earlier Recognized as Glassdoor 2018 Best Place to Work

BELLINGHAM, WASH. — June 19, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), today announced that Founder Glenn Sanford was named a Top CEO in Glassdoor’s Employees’ Choice Awards.

Glenn was ranked No. 40 among all small and medium businesses on Glassdoor. Currently on Glassdoor, Glenn has a 97 percent approval score. Among the 770,000 companies reviewed on Glassdoor, the average CEO approval rating is 69 percent.

“Glenn has shown extraordinary leadership in a continuously evolving industry, pushing us to expand our thinking and capabilities,” said eXp Realty Chief Operating Officer Mary Frances Coleman. “What’s most inspiring about Glenn is his vision to affect positive change, a commitment he champions in our culture and core values. I want to thank all of our agents, brokers and staff for the work they do every day to build this company and embrace that vision.”

The award is based solely on anonymous employee feedback via Glassdoor, where employees rate various factors about their employment experience. As part of these ratings, employees are also asked to rate whether they approve, disapprove or are neutral about the job their CEO is doing.

See the complete list of all Top CEOs in 2018: https://www.glassdoor.com/Award/Top-CEOs-at-SMBs-LST_KQ0,16.htm

About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 12,000 agents in 49 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949.385.6449
greg.falesnik@mzgroup.us

The post eXp Realty Founder Glenn Sanford Named a Glassdoor Top CEO in 2018 appeared first on eXp World Holdings.

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eXp Realty Founder Glenn Sanford Named a Glassdoor Top CEO in 2018

Company Earlier Recognized as Glassdoor 2018 Best Place to Work

BELLINGHAM, WASH. — June 19, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), today announced that Founder Glenn Sanford was named a Top CEO in Glassdoor’s Employees’ Choice Awards.

Glenn was ranked No. 40 among all small and medium businesses on Glassdoor. Currently on Glassdoor, Glenn has a 97 percent approval score. Among the 770,000 companies reviewed on Glassdoor, the average CEO approval rating is 69 percent.

“Glenn has shown extraordinary leadership in a continuously evolving industry, pushing us to expand our thinking and capabilities,” said eXp Realty Chief Operating Officer Mary Frances Coleman. “What’s most inspiring about Glenn is his vision to affect positive change, a commitment he champions in our culture and core values. I want to thank all of our agents, brokers and staff for the work they do every day to build this company and embrace that vision.”

The award is based solely on anonymous employee feedback via Glassdoor, where employees rate various factors about their employment experience. As part of these ratings, employees are also asked to rate whether they approve, disapprove or are neutral about the job their CEO is doing.

See the complete list of all Top CEOs in 2018: https://www.glassdoor.com/Award/Top-CEOs-at-SMBs-LST_KQ0,16.htm

About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 12,000 agents in 49 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949.385.6449
greg.falesnik@mzgroup.us

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eXp Realty Exceeds 12,000 Real Estate Agents Across North America

Nearly Doubles Agent Count Since Beginning of Year

BELLINGHAM, WASH. — June 19, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), today announced that on June 12, the company surpassed 12,000 real estate agents across North America.

eXp Realty Exceeds 12,000 Real Estate Agents Across North America

Since the beginning of the year, eXp Realty’s agent base has grown by more than 85 percent, nearly doubling agent count. In addition to tremendous growth this year, the company commenced trading on the Nasdaq Global Market exchange under the ticker symbol “EXPI” and expanded into British Columbia, Nebraska, South Dakota and Vermont.

“Our momentum at eXp Realty has continued through the first half of the year, as evidenced by the addition of nearly 6,000 agents, while adding three U.S. states and one Canadian province as we expand geographically. To gracefully manage our growing family, we have increased the number and capabilities of our agent support team and continue to develop our underlying technology framework,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. “Every day, I am proud to collaborate alongside this all-star team of agents, brokers and staff, who are truly agile at scale as we work to build a much larger, more mature company.”

About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 12,000 agents in 49 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Director of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949.385.6449
greg.falesnik@mzgroup.us

The post eXp Realty Exceeds 12,000 Real Estate Agents Across North America appeared first on eXp World Holdings.

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