Tuesday, April 19, 2016 11:09:28 AM
MissionIR today announces the online availability of its interview with Glenn Sanford, CEO and founder of eXp Realty International Corp. (OTCQB: EXPI), which, as previously announced, is changing its name to eXp World Holdings, Inc. to reflect its achievements and growth initiatives discussed in the interview. The interview can be heard at http://www.QualityStocks.net/interview-expi.php.
EXPI is the holding company for several businesses, including eXp Realty LLC, the Agent-Owned Cloud Brokerage™, a full-service real estate brokerage utilizing a 3D, fully immersive, cloud office environment that provides around-the-clock access to collaborative tools, training, and socialization for real estate brokers and agents.
Sanford begins the interview with further insight into this structure, the company’s broader business strategy in the residential real estate space, and its growing presence in 35 U.S. states and two Canadian provinces.
Much of this growth is largely attributed to the company’s revenue sharing program and innovative virtual platform, which replaces the need for a traditional real estate office. By reducing its bricks and mortar footprint, EXPI is able to share its revenues with agents and brokers who contribute to corporate growth.
As of March 31, 2016, EXPI had grown its agent base to more than 1,100 members, representing 100% agent growth in a single year, along with correlating revenue and cash flow.
“Agents and brokers have a great split, because obviously we don’t have the overhead. But we also pass on the different initiatives – revenue share being one of them, and the other one being a stock ownership initiative … that’s really created a big catalyst for growth,” says Sanford.
Another stimulant for EXPI’s growth is a strong management team. Sanford first describes his extensive background as a long-time entrepreneur before describing the skills and experience of several other powerhouse members of the company’s leadership.
After recapping several of EXPI’s 2015 milestones, Sanford wraps up the interview by discussing the company’s goals for 2016.
“The biggest goal is just really to build infrastructure to support the growth … that’s a lot of people to assimilate in the organization and make part of the culture of the organization, and then all the tools and systems that need to be in place to support all of them,” he says. “If we keep on doing what we’re doing … we should easily end up in excess of 1,800, maybe 2,000 agents this year … if we hit those numbers then we really, in 2017, should be in the 3,500 agent range. If you work that into the revenue side of it … this year we should do in excess of $40 million in revenue … so we’re really excited about the growth.”
For more information, visit the company’s website at http://investors.exprealty.com
Recent EXPI News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:17:05 PM
- eXp World Holdings Reports Q1 2024 Results • GlobeNewswire Inc. • 05/01/2024 08:15:00 PM
- Kendall Bonner Named Vice President of Industry Relations at eXp Realty • GlobeNewswire Inc. • 04/30/2024 04:00:00 PM
- eXp Realty Announces Strategic Leadership Changes to Enhance Global Growth • GlobeNewswire Inc. • 04/29/2024 07:00:00 PM
- Wendy Forsythe Joins eXp Realty as Chief Marketing Officer to Propel Agent-Centric Initiatives and Amplify Brand Reach • GlobeNewswire Inc. • 04/25/2024 01:00:00 PM
- eXp Realty Expands Global Network in Second Quarter, Welcoming Top Agents and Securing High Industry Honors • GlobeNewswire Inc. • 04/19/2024 04:00:00 PM
- eXp World Holdings to Announce First Quarter 2024 Results on May 1, 2024 • GlobeNewswire Inc. • 04/17/2024 07:00:00 PM
- Leading the Industry in Sides, eXp Realty Celebrates Its Agents' Remarkable Achievements With the Top Producers Lists for 2023 • GlobeNewswire Inc. • 04/16/2024 04:00:00 PM
- eXp Realty Names Leo Pareja as CEO to Drive Next Era of Growth and Innovation • GlobeNewswire Inc. • 04/05/2024 01:00:00 PM
- eXp Realty Expands Executive Team With Key Human Resources and Technology Leadership Appointments • GlobeNewswire Inc. • 03/28/2024 03:30:00 PM
- eXp Realty Leads the Pack in the RealTrends 500, Capturing Top Honors in Five Categories • GlobeNewswire Inc. • 03/22/2024 02:00:00 PM
- eXp Realty Pays More Than $230 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2023 • GlobeNewswire Inc. • 03/11/2024 07:56:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/08/2024 11:35:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:40:57 PM
- Form 144/A - Report of proposed sale of securities: [Amend] • Edgar (US Regulatory) • 03/01/2024 10:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/01/2024 07:46:43 PM
- eXp World Holdings Revolutionizes Real Estate Radio With "KGCI Real Estate on Air" Partnership • GlobeNewswire Inc. • 02/29/2024 02:00:00 PM
- eXp World Holdings Reports Q4 and Full-Year 2023 Results • GlobeNewswire Inc. • 02/22/2024 09:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 08:58:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/02/2024 09:27:17 PM
- eXp World Holdings to Announce Full-Year and Fourth Quarter 2023 Results on February 22, 2024 • GlobeNewswire Inc. • 02/02/2024 05:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 02:00:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 05:30:26 PM
- eXp Luxury Solidifies Expansion Into New International Markets • GlobeNewswire Inc. • 01/18/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 07:58:08 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM