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EXP World Holdings Inc. (EXPI)

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eXp World Holdings (EXPI) is the holding company for a number of businesses, most notably eXp Realty LLC, the Agent-Owned Cloud Brokerage™. eXp Realty is a 3D full-service real estate brokerage providing 24/7 access to a suite of collaborative tools, training features and socialization channels designed to meet the unique needs of real estate brokers and agents.

eXp World Holdings also owns 90.5% of First Cloud Mortgage, Inc. and is licensed to originate mortgages in Arizona, California, New Mexico and Texas.

 


Investment Highlights

  • One of the nation's fastest growing real estate brokerages
    1,000+ agents/brokers across 35 states and Alberta, Canada
    Strong 2015 performance leads to record results
    Ranked among Top 50 real estate brokerages in the U.S.

 


Response to a Changing Market

The Internet has become the most powerful property marketing and advertising medium, and advances in Internet technology and the proliferation to the masses of information and imagery concerning residential properties (which before was exclusively available only to real estate brokers and agents) has created a real estate consumer armed with more knowledge, context and understanding than ever before.

Along with the growing independence it has instilled in the consumer, the utility of the brick and mortar office location is decreasing. As a natural and inevitable consequence, substantial and growing numbers of real estate professionals are exiting traditional brokerage models.

At the same time, the home buying and selling process remains unfamiliar and oftentimes emotional for consumers. As such, they still depend on real estate agents to help navigate the process, give insight into and lend a comparative perspective on properties, provide local market expertise, and negotiate and advocate on their behalf. Because of the magnitude of the buying or selling decision, the size of the asset that underlies that decision, and the emotional responses it frequently triggers, the vast majority of consumers will continue to rely upon agents and brokers for the foreseeable future, no matter how much information they have and whether real estate professionals are in a traditional office setting or not.

eXp Realty sees Opportunity in the Change

The greatest asset of any real estate brokerage is the group of agents and brokers who are a part of it. As such, eXp Realty's strategy is to add value to its agents and brokers and enable them to build their own businesses.

Employing a Cloud Office Environment, eXp Realty agents and brokers work, attend classes, strategize, collaborate, innovate, socialize, build teams, build unity and share experiences across geographic borders in a virtual manner.

As a cloud-based real estate brokerage eXp Realty has embraced and adopted a number of cloud-based technologies in order to grow an international brokerage without the burden of physical bricks and mortar and/or redundant staffing costs.

Through this business model, thousands of eXp Realty consumers leverage the company's Internet marketing and cloud technology and growing network of professional real estate professionals to find, buy or sell homes without ever stepping foot into a traditional real estate office.

 


The Business Model

eXp Realty has formed a strategic partnership with VirBELA, LLC, which used a $1.7 million grant from the University of California San Diego's Rady School of Management to develop and demonstrate the 3D virtual-reality campus environment utilized by eXp Realty.

VirBELA's virtual 3D immersive learning environments run on both MAC and PC and include voice and text chat systems, professional avatar customization, integrative collaborative web browsing, and a host of other communication, and basic and advanced collaboration features that fulfill the operational needs of eXp Realty's agents and brokers.

eXp Realty has exclusive rights to the VirBELA platform within the real estate industry, as well as an option to exclusive rights within several vertical industries, including mortgage origination, mortgage lending, title and escrow and title insurance.

With the creation of a fully immersive cloud office environment that eliminates the need for a brick and mortar real estate office, eXp Realty can effectively reduce real estate professionals' overhead costs, increase their profits, and enable greater service value to consumers.

The innovative platform works by enabling agents and brokers the opportunity to earn equity in exchange for production and contributions to eXp Realty's growth. This aggressive revenue sharing program pays agents a percentage of the gross commission income earned by fellow professionals they recruit into the company.

In addition, eXp Realty's Stock Compensation Plan and online lead generation program, Making it Rain, further benefit participating real estate professionals and provide eXp Realty additional cash inflows to continue to scale operations both from a talent and technology perspective.

The overarching result of these features is a shared ownership community comprised of a large and growing group of synergistic, collaborative forward-thinking entrepreneurial professionals that successfully meet the needs of today's real estate consumer.

 


 

Operational & Financial Growth

Since its launch in October 2009, eXp Realty has experienced rapid growth, with brokerage service now offered in 35 U.S. states and Alberta, Canada.

In February 2016, the company officially welcomed into its family of agent-owners its 1,000th real estate professional, up from just 467 agents at the end of 2014. Following this achievement, the Agent-Owned Cloud Brokerage claimed a spot among the top 50 real estate brokerages in the United States based on agent count, according to data from RISMEDIA's 2015 PowerBroker 500 Report.

Similarly, eXp Realty generated record financial results during 2015. Following the launch its online lead generation program and stock compensation plan, the company achieved a 71 percent year-over-year increase in net revenues, recording $22.87 million for the year (2015). As it continues to expand its footprint across North America, eXp Realty will look to leverage its unique agent-owned business model to continue attracting driven, entrepreneurial agents and real estate industry leaders while promoting sustainable financial growth.

 

"Our 2015 performance generated record results for our agent-owners and shareholders in alignment with our internal modeling of the overall cloud-based real estate brokerage model. During 2015 we started to realize certain economies of scale relative to the cloud-based model that we have been building since 2009, enabling us to advance into a more mature operating enterprise. We also satisfied all remaining debts in 2015 and are now able to start building a cash position in the company while also starting new initiatives…"

--- CEO and founder Glenn Sanford

 


 

Corporate Projections

 


 

Standing out in the Industry

Residential Real Estate Brokerage

  • Approximately $20 billion in real estate commissions are generated each year

Highly fragmented

  • 85,000 different real estate firms nationally, nearly all of which are legacy brick and mortar-based firms

Innovators are Valued by Venture Capital

  • Redfin - $160+ million raised to-date; $500+ million valuation
    Compass - $800 million valuation based on Series C Round $50 million
*eXp Realty is successfully growing its geographic footprint and adding agents and brokers faster than the venture-backed firms listed above, and doing so with required minimal capital inputs.

Limited opportunity in the public company arena and no significant growth players outside eXp Realty

  • Realogy Holdings (RLGY)
    Remax Holdings (RMAX)
    Berkshire Hathaway (BRK-A)
    ZipRealty - purchased in 2014 by Realogy for $166 million
    • $2.7 billion in residential real estate sales in 2013
      1800 real estate professionals
      Minimal revenue growth
*It took ZipRealty 14 years to grow to the figures listed above. Based on its current trajectory group, eXp Realty is on track to achieve these marks within nine years from its launch in 2009.

 

 


 

Leadership

eXp Realty's progressive approach is driven by a team of individuals highly specialized in their respective skillsets. With decades of combined experience and leadership, eXp Realty is advancing on its goal of being the first agent-owned, cloud-based, full service, global real estate brokerage company providing 24/7 access to collaborative tools and professional development for managing real estate brokers and agents.

 

GLENN SANFORD, FOUNDER & CEO

Since early 2002, Glenn Sanford has been actively involved in the online real estate space. In early 2007, Sanford launched BuyerTours Realty, LLC which, using a combination of web and traditional bricks and mortar, grew to three offices and into two states. After the drop off of the market in late 2008, Sanford and his executive team rewrote the entire business model in recognition of the "perfect storm" of lower revenues, fixed or rising overhead costs, and a consumer with more information and access than ever before. eXp Realty, LLC was launched in October 2009 as the first truly cloud-based national real estate brokerage, which meant giving up the traditional bricks and mortar environment and moving to a fully-immersive 3D virtual office environment where agents, brokers and staff collaborate across borders while learning and transacting business from anywhere in the world. In 2013, eXp Realty became a subsidiary of eXp Realty International Corp. Since that time eXp Realty has quickly grown to 31 states throughout the United States and Alberta Canada.

From 2005 to 2007, Sanford ran a large mega-agent team and consulted to Keller Williams International as a member of the Agent Technology Council in the areas of online client acquisition, client conversion and technology. Sanford was also a significant contributor to Keller Williams Internet Lead Generation Masterminds.

Prior to real estate, Sanford was active at the executive level with a number of technology-related companies. In 1998, Sanford founded and served as president for eShippers.com, an online e-commerce and logistics company.

 

JASON GESING, PRESIDENT

Jason Gesing became president of eXp Realty International Corporation in September 2013. Since that time the company has achieved annual growth at a rate which positions it as one of the fastest growing real estate brokerages in the United States.

As president of eXp Realty, Gesing is actively engaged in driving company growth while working with the rest of the eXp Realty executive team to ensure that systems, processes and infrastructure exist to support expansion. Gesing participates regularly in business model profitability discussions with owners of leading independent brokerages and others demonstrating the company's high-engagement, cloud-based model and its dramatic impact on cost, profitability and the synergies that exist when the agents and brokers of a publicly traded real estate brokerage are also its shareholders.

 

PETER NOBEL, COO

Dr. Peter Nobel joined the company as its COO on March 16, 2016. Prior to joining eXp, Dr. Nobel held various management positions in user research, program management, and data science at Microsoft Corporation for approximately 19 years. In this capacity, Dr. Nobel has consistently and effectively managed teams whose aim has been measuring and improving user experience, identifying gaps, and arriving at elegant solutions. The work ranged from the user interface of online financial web sites, to qualitative and quantitative feedback tools in the Windows and Office divisions. He managed various Scrum teams that designed and created analysis and reporting tools, dashboards to track metrics and KPIs, as well as analyzed Big Data sets to understand the levers of the Net Promoter Score. Dr. Nobel received a Master of Science (Highest Distinction) in 1989 from Tilburg University, the Netherlands, and a Doctor of Philosophy in Cognitive Science in 1996 from Indiana University.

 

ALAN GOLDMAN, CFO

Dr. Peter Nobel joined the company as its COO on March 16, 2016. Prior to joining eXp, Dr. Nobel held various management positions in user research, program management, and data science at Microsoft Corporation for approximately 19 years. In this capacity, Dr. Nobel has consistently and effectively managed teams whose aim has been measuring and improving user experience, identifying gaps, and arriving at elegant solutions. The work ranged from the user interface of online financial web sites, to qualitative and quantitative feedback tools in the Windows and Office divisions. He managed various Scrum teams that designed and created analysis and reporting tools, dashboards to track metrics and KPIs, as well as analyzed Big Data sets to understand the levers of the Net Promoter Score. Dr. Nobel received a Master of Science (Highest Distinction) in 1989 from Tilburg University, the Netherlands, and a Doctor of Philosophy in Cognitive Science in 1996 from Indiana University.

 

DARREN JACKLIN, BOARD OF DIRECTORS

For over 19 years, Darren Jacklin has traveled four continents and over 40 countries mentoring entrepreneurs and business owners on specific and measurable strategies that they can consistently use to increase their income, transform their obstacles into cash flow and turn their passion into profits.

His uncanny ability to increase wealth and success by uncovering hidden assets, overlooked opportunities and undervalued possibilities has captured the attention of Tiger 21, The Wall Street Journal, Yahoo Finance, NBC TV, CBS TV, Global TV international radio stations, magazines and newspapers, movie producers, best-selling authors, CEOs and business experts worldwide.

Jacklin currently sits on paid international boards of directors of public companies and advisory boards. Jacklin has personally trained over 150 Fortune 500 companies such as Microsoft, AT&T, Black & Decker, Barclays Bank, as well as high school, college, university students and professional athletes and has connected with people in more than 126 countries.

 


eXp World Holdings, Inc.
1321 King Street #1
Bellingham, WA 98229
Phone: (360) 389-2426
www.ExPRealty.com
QualityStocks
3370 N. Hayden Rd.
Suite 123-591
Scottsdale, AZ 85251
Phone: (480) 374-1336
www.QualityStocks.net
Editor@QualityStocks.net

Please see disclaimers on the QualityStocks website http://qualitystocks.net/disclaimer.php

 



eXp Realty International Corp (OTC MKT: EXPI)

 
» eXp Realty International Corp., formed in October 2009, is a cloud-based, full service national real estate brokerage company. Being cloud-based, eXp reduces the burden of bricks-and-mortar and redundant staffing costs, allowing real estate brokers to operate at significantly lower cost than traditional brokerages.
» Through a 3-D, fully-immersive, cloud campus environment, eXp provides all of the value added services (and more) offered by larger brokerages to its brokers and agents. Services include training, education, coaching, mentoring, transaction support, broker support, and technical support. 
» eXp Realty surpassed 1,000 members (agents and brokers) in February 2016, and currently has 1,100+ members across 35 states in the U.S. eXp is currently among the top 50 real estate brokerages in the U.S. based on agent count. 
» eXp’s members transacted over $889 million in real estate in 2015. The current annual run rate is $1.5 billion per year. The company’s goal is to have 1,800+ members by the end of 2016, and 3,500+ by the end of 2017. 
» Revenues grew at a CAGR (compounded annual growth rate) of 53% from $4.20 million in 2011, to $22.87 million in 2015. Gross profits grew at 44% from $0.79 million in 2011 to $3.41 million in 2015.  eXp generates positive free cash flows, and maintains a healthy balance sheet with no debt.

EXPI Growth 2015

MissionIR is a moderator of this board. Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer.html

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EXPI News: Quarterly Report (10-q) 11/14/2016 02:56:55 PM
EXPI News: Current Report Filing (8-k) 10/31/2016 05:10:12 PM
EXPI News: Statement of Changes in Beneficial Ownership (4) 10/28/2016 05:30:22 PM
EXPI News: Initial Statement of Beneficial Ownership (3) 10/19/2016 05:35:30 PM
EXPI News: Statement of Changes in Beneficial Ownership (4) 10/11/2016 08:38:35 AM
PostSubject
#126   EXPI Creating a Legacy of Commercial and Social Impact NetworkNewsWire 12/07/16 04:20:01 PM
#125   Uplist soon? viperdeal 12/01/16 11:11:50 PM
#124   EXPI Keeping Up-To-Date with Buyer Demographics NetworkNewsWire 11/29/16 03:38:08 PM
#123   Fundamental Research Corp. Raises Revenue Forecast for EXPI NetworkNewsWire 11/22/16 03:31:10 PM
#122   EXPI Gearing Up to Serve Generation Z NetworkNewsWire 11/16/16 03:41:57 PM
#121   EXPI Announces Third Quarter Financial Results NetworkNewsWire 11/15/16 03:15:30 PM
#120   EXPI Brokerage Passes 2,000-Agent Mark as More Members NetworkNewsWire 11/09/16 01:31:49 PM
#119   EXPI Capitalizing on Canada’s Real Estate Market NetworkNewsWire 11/03/16 09:21:33 AM
#118   EXPI Announces Addition of Eric Burch Real Estate MissionIR 10/28/16 12:16:04 PM
#117   EXPI Brokerage Division Continues Accelerated Growth, Tops 1,900 Agents MissionIR 10/26/16 09:16:45 AM
#116   EXPI Announces Addition of Darren James Real Estate MissionIR 10/25/16 10:48:42 AM
#115   EXPI First in Line to Adapt to Changing MissionIR 10/19/16 01:23:20 PM
#114   EXPI Adds Brent Gove Team to Growing Brokerage Division MissionIR 10/17/16 10:51:06 AM
#113   EXPI Welcomes Top-Ranked Real Estate Agent to eXp MissionIR 10/14/16 12:41:07 PM
#112   EXPI Teams with New Story to Aid Relief MissionIR 10/12/16 12:56:49 PM
#111   EXPI Better Serving Clients with Web-Based Real Estate MissionIR 10/11/16 08:10:36 AM
#110   EXPI Hosts Third Annual Real Estate Conference after MissionIR 10/04/16 03:48:40 PM
#109   EXPI Maintaining a Positive Outlook Thanks to Advances MissionIR 09/28/16 01:06:07 PM
#108   EXPI bullish 5.49 stocktrademan 09/27/16 09:43:37 AM
#107   long-term stock account scan EXPI bullish 5.24 stocktrademan 09/26/16 02:02:08 PM
#106   EXPI Taking the Complexity Out of Real Estate Transactions MissionIR 09/21/16 09:02:27 AM
#105   EXP continues to deliver, growth and sales! Buy, buylowsellhighcanada 09/16/16 02:17:12 PM
#104   CEO Glenn Sanford viperdeal 09/16/16 10:32:17 AM
#103   EXPI Using VR Spaces, Cloud Technologies to Grow MissionIR 09/14/16 12:36:53 PM
#102   This has been slowly rising for quite some Merry Christmas! 09/14/16 12:32:34 PM
#101   EXPI Offering More Than Just Basic Training to MissionIR 09/12/16 11:01:42 AM
#100   EXPI Brokerage Division Tops 1,600 Agents MissionIR 08/31/16 05:37:06 PM
#99   EXPI's Agent-Owned Cloud Brokerage Offers a New Deal MissionIR 08/25/16 12:59:22 PM
#98   EXPI Subject of Updated Research Report by Fundamental MissionIR 08/24/16 01:25:22 PM
#97   EXPI Reports Record Revenues in Q2 2016 Driven MissionIR 08/19/16 04:12:08 PM
#96   EXPI Launches Real Estate Operations in Alaska MissionIR 08/19/16 01:35:58 PM
#95   Very much looking forward to it. Have a stockscheers 08/17/16 05:12:01 AM
#94   Finally bought in here today. Been watching for viperdeal 08/16/16 08:55:25 PM
#93   The Search Continues to Grow for EXPI MissionIR 08/12/16 01:12:17 PM
#92   EXPI Brokerage Division Surpasses 1,500 Agents MissionIR 08/03/16 01:40:59 PM
#91   EXPI Reports Significant Changes and Growth for the MissionIR 08/03/16 08:45:50 AM
#90   I have been a shareholder is this Company buylowsellhighcanada 07/31/16 04:13:12 PM
#89   EXPI Adds Russ Cofano to Management Team MissionIR 07/29/16 01:35:21 PM
#88   EXPI is In Search of Excellence with its MissionIR 07/28/16 02:04:13 PM
#87   EXPI Adds Two New Members to Board of Directors MissionIR 07/26/16 01:40:06 PM
#86   EXPI Revolutionizing an Industry with Cutting Edge Technology MissionIR 07/22/16 08:53:28 AM
#85   EXPI Shares Underlying Technology with Pokémon GO MissionIR 07/19/16 01:56:32 PM
#84   EXPI Launches Real Estate Brokerage Operations in New Jersey MissionIR 07/15/16 01:37:23 PM
#83   EXPI Launches Real Estate Brokerage Operations in Utah MissionIR 07/13/16 01:37:21 PM
#82   EXPI Evolving with its Clientele MissionIR 07/13/16 08:43:27 AM
#81   Agents Can Keep Afloat Despite Disruption with EXPI's MissionIR 07/06/16 03:44:22 PM
#80   EXPI Succeeding Thanks to Professional Real Estate Career Training MissionIR 06/29/16 12:53:54 PM
#79   EXPI Adds Boston’s Landmark Group to Agent-Owned Cloud Brokerage™ MissionIR 06/28/16 01:59:15 PM
#78   EXPI Agent-Owned Cloud Brokerage™ Model Continues To Produce MissionIR 06/21/16 12:08:51 PM
#77   EXPI Subsidiary Recognized as Top Workplace by Two MissionIR 06/20/16 02:49:05 PM
PostSubject