EXP World Holdings Inc (EXPI)

[NetworkNewsWire]

EXPI Reaches 3,000 Agents through eXp Realty LLC

eXp World Holdings, Inc. (OTCQB: EXPI), holding company for the Agent-Owned Cloud Brokerage®, this morning announced that eXp Realty’s family of agents and brokers now includes more than 3,000 members across its operating markets in the United States and Canada. This figure represents a 25 percent increase from the company’s total of 2,401 agents at the end of 2016, as well as an increase of more than 200 percent year-over-year. “eXp Realty continues to attract an increasing number of top agents, teams and brokers, which has catapulted us to a place alongside the top residential brokerage firms in the country,” Glenn Sanford, chairman, founder and CEO of eXp World Holdings, stated in this morning’s news release. “In addition to the sheer volume of growth, our velocity of growth has also increased. It took us approximately four months to go from 2,000 to 3,000 agents, which is nearly half the time it took to grow from 1,000 to 2,000. We believe our rapid agent growth trajectory and corresponding revenue growth will continue to accelerate over time through the continued delivery of high value and support to our agents, our high split/low fee and cap business model, and our industry best revenue sharing incentives, all supplemented by our unique agent-ownership opportunities.”

To view the full press release, visit http://nnw.fm/cQ9FG

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (OTCQB: EXPI) is the holding company for eXp Realty LLC, the Agent-Owned Cloud Brokerage® as a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. eXp Realty, LLC and eXp Realty of Canada, Inc. also feature an attractive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals who they attract into the Company. 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 www.eXpRealty.com.