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

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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.

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

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eXp Realty Announces May ICON Agents and Teams

BELLINGHAM, WASH. — June 6, 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 six agents or teams were honored as eXp Realty ICON agents for May 2018.

The eXp Realty ICON Agent Program recognizes agents and teams 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 or teams for May are as follows:

  • Carmen and Matthew Bean, Texas
  • Keith Bliss, North Carolina
  • Jeff and Renee Funk, Florida
  • Clayton Gits, Virginia
  • Emily and Mark Metcalf, Mississippi
  • Kevin Mullaney, New Mexico

“It is so exciting to see the ICON Agent Program grow every month. These agents exemplify our core values and are an example of the thousands of eXp Realty agents who excel at being productive business leaders and active in their communities,” said eXp Realty President Vikki Bartholomae.

The eXp Realty ICON Agent program 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 Program 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 with more than 11,600 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 Announces May ICON Agents and Teams

Honorees Recognized for Achieving High Production and Cultural Goals

BELLINGHAM, WASH. — June 6, 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 announcedsix agents or teams were honored as eXp Realty ICON agents for May 2018.

The eXp Realty ICON Agent Program recognizes agents and teams 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 or teams for May are as follows:

  • Carmen and Matthew Bean, Texas
  • Keith Bliss, North Carolina
  • Jeff and Renee Funk, Florida
  • Clayton Gits, Virginia
  • Emily and Mark Metcalf, Mississippi
  • Kevin Mullaney, New Mexico

“It is so exciting to see the ICON Agent Program grow every month. These agents exemplify our core values and are an example of the thousands of eXp Realty agents who excel at being productive business leaders and active in their communities,” said eXp Realty President Vikki Bartholomae.

The eXp Realty ICON Agent program 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 Program 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 with more than 11,600 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 Launches in British Columbia

Introduces Director of Canadian Brokerage Operations

BELLINGHAM, WASH. — June 4, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings (NASDAQ: EXPI), today announced its expansion into British Columbia and introduced its Director of Canadian Brokerage Operations Deborah Stevens.

With the launch of British Columbia, eXp Realty now operates in three Canadian provinces, 49 U.S. states and the District of Columbia with more than 11,000 agents across North America.

At eXp Realty, Deborah leads the company’s expansion and brokerage operations across Canada, including compliance and risk management. She has been in the real estate industry for more than 30 years and has experience in many facets, from being a rainmaker of a large real estate team in her early days to owning multiple brokerages. She also has been a regional director as well as an international teacher and business coach.

“We are thrilled to continue our expansion across Canada and open in British Columbia. Much like eXp Realty, British Columbia agents are tech savvy and entrepreneurial, so we are excited to bring this opportunity to local real estate professionals,” said Deborah. “We have a fantastic team in place to support Canadian agents and we are proud to have Peter Pfann leading British Columbia brokerage operations with his extensive background in the industry.”

About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI) is the holding company for eXp Realty, LLC, . 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 11,000 agents in 49 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. 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 World Holdings is Trading on Nasdaq

BELLINGHAM, WASH. — May 21, 2018 — eXp World Holdings (NASDAQ: EXPI), the holding company for eXp Realty, the largest single owned residential real estate brokerage by geography in North America, announced its common stock will commence trading today on the Nasdaq Global Market under the ticker symbol “EXPI.”

eXp World Holdings is Trading on Nasdaq

“Today marks a special day in the history of eXp Realty. Our move to Nasdaq is a continuation of almost nine years of iterating around the long-term value proposition for real estate professionals. We are proud of our ability to be able to deliver on our promise to our agents, brokers, staff and shareholders who have believed in our vision over the years,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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 more than 11,000 agents in 49 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. 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 World Holdings Reports Record First Quarter 2018 Results, Receives Approval to Uplist to Nasdaq

Revenue Up 188% Year-over-year to $62 Million, Nearly Tripled Agent Count

BELLINGHAM, WASH. — May 15, 2018 — eXp World Holdings (OTCQB: EXPI), the holding company for eXp Realty, the largest residential real estate brokerage by geography in North America, today announced financial results for the first quarter ended March 31, 2018.

The company also announced that it has received approval to list the company’s common stock on the Nasdaq Global Market. Once the final paperwork with Nasdaq is complete, shares of the company’s common stock will begin trading on The Nasdaq Stock Market next week.

Q1 2018 earnings

Q1 2018 Highlights

  • $62 million in revenue, 188% increase year-over-year
  • Nearly tripled agent count during same time a year ago
  • Transaction volume closed increased 188% to $2.3 billion

“During the last year, eXp Realty became the largest residential real estate brokerage by geography in North America and nearly tripled agent count. Our record results are fueled by our tremendous agent and location growth,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. “Receiving approval to list on Nasdaq brings us one step closer to enhancing the value we deliver to our agents and shareholders, and we are excited to start trading on Nasdaq very soon.”

First Quarter 2018 Financial Summary

  • Revenue increased 188% to a record $62 million, from $21.5 million in the first quarter of 2017. This represents 37% growth quarter-over-quarter, from $45.4 million in the fourth quarter of 2017.
  • Gross margin grew 144% to $6.3 million, compared to $2.6 million in the first quarter of 2017.
  • Net loss was $10.7 million, or $(0.19) per diluted share, compared to net loss of $2.9 million, or $(0.05) per diluted share, in the first quarter of 2017.
  • Adjusted EBITDA (a non-GAAP financial measure) increased significantly to $1.5 million in the first quarter of 2018, compared to $71,999 in the first quarter of 2017.
  • Cash flow from operations increased significantly to $3.9 million, compared to $157,286 in the first quarter of 2017.

First Quarter Consolidated 2018 Operating and Business Highlights

  • The number of agents and brokers on the eXp Realty platform nearly tripled year-over-year, growing to 9,290 at the end of the first quarter of 2018 from 3,118 in the same quarter a year ago. This represents 43% sequential growth, compared to 6,511 at the end of the fourth quarter of 2017. In April, eXp Realty crossed the 10,000-agent mark.
  • Residential transaction sides closed for the first quarter of 2018 was 9,473, an increase of 176% compared to 3,432 during the first quarter of 2017. This represents 17% sequential growth, compared to 8,080 during the fourth quarter of 2017.
  • Residential transaction volume closed for the first quarter of 2018 was $2.3 billion, an increase of 188%, compared to $807.6 million during the first quarter of 2017. This represents 20% sequential growth, compared to $1.9 billion during the fourth quarter of 2017.

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.

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.

About eXp World Holdings

eXp World Holdings, Inc. (OTCQB: 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. It is an agent-designed and agent-owned company. 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 nearly 11,000 agents in 49 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. 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.

Reported Consolidated Results

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 World Holdings, Inc. to Attend the Oppenheimer Emerging Growth Conference in New York City on May 15th

SAN DIEGO, CA – May 14, 2018 – eXp World Holdings (OTCQB: EXPI), the holding company for eXp Realty, the largest residential real estate brokerage by geography in North America, today announced that management will attend the Oppenheimer Emerging Growth Conference, being held on May 15, 2018 at the InterContinental New York Barclay Hotel in New York City.

The Company’s management will host one-on-one meetings throughout the day. Conference participation is by invitation only and registration is mandatory. For more information on the conference or to schedule a one-on-one meeting, please contact your Oppenheimer representative.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (OTCQB: 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 nearly 11,000 agents in 49 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. 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.eXpWorldHoldings.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 Announces April ICON Agents

Honorees Recognized for Achieving High Production and Cultural Goals

BELLINGHAM, WASH. — May 3, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (OTCQB: EXPI), today announced eight agents and teams were honored as eXp Realty ICON agents for April 2018.

eXp Realty Announces April ICON Agents

The eXp Realty ICON Agent Program recognizes agents and teams 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 announced for April are as follows:

  • Nicole Charles, Wisconsin
  • Joel Freis and Denise Madan, Florida
  • Christina Harmon, Texas
  • John O’Leary, Massachusetts
  • Lesley Hodge Perreault, Kansas
  • Robin Raiff, Florida
  • Steven Smith, Louisiana
  • Charles B. Yow, Missouri

“These agents are a small sample of those at eXp Realty who excel at being productive business leaders and active in their communities. eXp Realty ICON agents also give back to their fellow agent-owners by leading training courses and sharing best practices in weekly company meetings,” said eXp Realty President Vikki Bartholomae.

Launched in February 2015, the eXp Realty ICON Agent program 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 Program 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. (OTCQB: EXPI). eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. It is an agent-designed and agent-owned company. 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 10,400 agents in 47 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. 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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More Reasons for Enthusiastic EXPectations at eXp Realty

Rick Miller, Chief at Being Chief and eXp World Holdings Board Member

Straddling the worlds of small and large companies throughout my career has been both eye-opening and fun. Having served in President roles at each, I’ve seen first-hand what separates the less effective from the good, and the good from the great, and have written extensively about what each can learn from the other (Startups and Multinationals: Swapping Lessons).

My friend Daniel H. Pink asserts in his book “Drive” that much of the success of early phase companies is based on offering team members three compelling opportunities: autonomy, mastery and mission. In fact, these three priorities always have been part of the strategy and strength of eXp Realty. From day one, the company has empowered individuals to work independently towards their vision of success, while embracing the company’s singular unifying mission of supporting agents.

But even as an early-stage firm, the eXp Realty leadership team has understood things that many other company leadership teams do not.

First, they know that few startups successfully navigate the revenue growth path from millions to hundreds of millions because they don’t adapt to change. This team is dedicated to using change as a disrupter, instead of having to adapt to it from outside influences.

Second, they know that well-run larger organizations can handle increasing levels of complexity, have effective ways of planning and adjusting, and rely on a strong set of values to align their growing set of team members. More recently, eXp Realty has been moving aggressively in each of these areas.

To navigate the increasing complexities that accompany rapid growth, eXp Realty has added experienced leadership to both management and the Board, who have proven success at the scaling of companies. At the same time, the company has adopted the latest tools (i.e., Workplace) to deal with an ever-increasing intricacy of information and opportunities. 

In the area of planning and adjusting, the company has championed the concept of eXp Realty as an Agile organization. This allows for both leadership and the agent population to collaborate on improvements while continuously adjusting and aligning to the changing needs of the growing organization.

And as you all know, the company continues to build its future around the nine core values that drive both the organization and its people: Community, Service, Sustainability Integrity, Transparency, Collaboration, Innovation, Agile and Fun.

But as eXp Realty has just announced it is a more than $150 million company, it is perhaps this single concept that eXp Realty leadership understands better than many that is most important – the power of “AND.”

In my experience, companies that flatline are those that engage in more “or” conversations than “and” conversations.  For example, many times the leadership team at growing companies may ask themselves these questions:

  1. Should we focus on autonomy, mastery and our mission OR should we focus on dealing with complexity, planning and adjusting, and living our values?
  2. Should we focus on delighting our clients OR operating efficiently?

Significantly, the strong leadership team at eXp Realty understands when the OR is changed to AND, the company has the right focus. In this industry of change, the eXp Realty leadership team, our Board and our agent-shareholders are all leading the way with more “and” conversations.

These are just a few more reasons for enthusiastic EXPectations at eXp Realty.

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