Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The difference is that EXPIs commission splits isn’t revenue. EXPIs 20% gets further split up amongst the upline of agents responsible for bringing the agent that sourced the original commission. The company makes their money through transaction fees and investing. The more agents they can recruit, the more transaction fees they can take, the more they can invest. Agent recruitment is the name of the game and their model is very attractive to top producers and recruiters.
Other brokerages keep their splits, take more splits, have higher annual sales caps, don’t offer compensation through stock, and have no opportunity to earn a passive income through recruiting.
I disagree. There’s no up side here. Only bag holders from 2021.
I have been a shareholder for as long as this Company has traded public. In addition I know management in the Company personally. This is one of the most incredibly run Companies on the Nasdaq. A great stock to hold long term.
What's the scam? What do they do differently than any other brokerage? Every brokerage takes a cut of the commission. Every brokerage needs people to recruit new agents. Most don't have a viable way to earn revenue share other than a few transaction splits to a "mentor" agent.
What a scam company for their Realtors. I'm surprised more agents are jumping off this turd...
REAX you heard it first here! ?? Made a bit load on run up pre slip think REAX could be the next one!
Nice write up of the EXPI bull case: https://www.thewoodshedd.com/posts/2021-07-09-highconviction-copy/
And $40 looks like it could be important support (39.87 was the low on the post earnings gap up open day). I'll take a small swing.
Under $50 looking like a bargain! $EXPI
?? ?? my 100sh aren’t going anywhere soon ?? ?? ?? $EXPI
All my shares have been free so far. Probably should take advantage of the stock purchase plan 10% discount.
Nice huh? Bought at $26 something huge for the company $1bil gtr? Mmm. $EXPI
Huge news. 4 cent dividend, share buyback. Killing it!
WAY OVER-PRICED STOCK
SHOULD BE TRADING AT $4 PER SHARE
That’s awesome!!
Crazy. I'm riding my free shares. Not much, but this was around 11 bucks when I started with EXP 2 years ago.
Congratulations, good job.
Definitely! I am still holding Long here.
I believe this one needs attention! I’m buying at these prices... they announced a 2-1 one spilt for on record shareholders before the 1-29-2021! It may be a good deal!
This company is strong. The best real estate platform out there. Everyone should have this stock in their portfolio. $120 is not out of reach!
I got in on the pull back this morning.
I have a niece who is a new agent that shared this with me.
Looks like it’s catching on and it’s gonna be the new way of doing business.
I have no clue how high it will go but you should cash out your initial investment at minimum. Then the "greedy" feeling will be reduced and you should consider finding another investment that your interested in. If you don't need the money right now you could put your initial investment money that will be cashed out of EXPI back to work in your new investment idea. If you currently could use the cash from the sale in your daily life I recommend using it for that if it will make your life easier, less stressful and/or more enjoyable. If that is the case I would recommend putting the initial investment money that you cash out back into your daily life funds. If you have another investment idea and you chose to pocket the initial investment funds don't hesitate to sell more EXPI shares to also fund your new investment idea. At that point you've enriched your daily life... have a new investment... and you still hold free EXPI shares that hopefully continue to rise. I am not a professional investment manager and I've made many investment mistakes so in the end do whatever you can live with, without setting yourself up for future regrets. I'm just trying to be a voice of balanced reason without knowing your situation. Good luck and congrats!
How much higher do you see it going? In at $6, I just feel greedy at this point, but I don’t want to get out early.
I hope everyone here is reaping the rewards of getting in low & holding onto this rocket of a stock. Congrats.
Wish I would've taken my own advice under $10... Now I'm chasing.
I was just a little early with the ATH's coming call... Look at this now. Parabolic.
Congrats man! Sit back and enjoy the ride!
Wife told me about it at 3, I got in at 6. Been quite a ride so far
Nope:) got in at $22. This thing is going crazy! How are there not more eyes on this one!! Won’t be long.
Ummmm that article is old. As an eXp agent myself, I can tell you nothing is up with that.
Everyone at the company is quitting....what's up with that???
EXp Realty loses third top executive in 6 months
https://www.inman.com/2019/05/06/exp-realty-loses-third-top-executive-in-6-months/
EXp Realty names new co-presidents amid management shuffle
https://www.inman.com/2019/05/08/exp-realty-names-new-co-presidents-amid-management-shuffle/
eXp Realty Names Dave Conord and Stacey Onnen as Co-Presidents
https://www.globenewswire.com/news-release/2019/05/08/1819443/0/en/eXp-Realty-Names-Dave-Conord-and-Stacey-Onnen-as-Co-Presidents.html
I was dead wrong on this one... but under $10 seems like a good entry point.
Excellent write up on eXpRealty, the chart looks great. (EXPI NASDAQ) - time to buy again?
https://www.facebook.com/133276520830153/posts/314548476036289/
I 100% agree with you. In addition to what you wrote about the Company being undervalued, I know the CEO, personally and he is a first class person. This Company is being well run, with integrity.
My largest holding.
When I compare the revenue growth and revenues themselves to just about any other small cap stock typically they have market caps in the range of $3B to $8B.. examples includes GRUB, SHOP, and even ZG has a market cap nearing $10B on only 3X the revenues and a lot slower growth.
I'm always trolling news articles looking for small to mid caps to invest in.. time and time again I find companies with similar revenues to EXPI's last quarter sporting much higher market caps, or companies with much less revenues still having higher market caps. Every single stock in this article for example.
https://www.marketwatch.com/story/how-to-find-coming-of-age-companies-whose-stocks-could-rise-10-fold-2018-04-12?siteid=bigcharts&dist=bigcharts
Combined with the fact I know this company, visit the world, and expect agent growth to continue, and this seems undervalued and like a no brainer to me. It's my largest holding. I accumulated heavily in the 16 range with a lot of my profits I got from cryptos last year and hope to get myself closer to a 7 figure account with this company.
Looks ready for a next level move... ATH's coming here soon.
EXp Realty revenue soars as the virtual brokerage’s agent count doubles
The virtual brokerage could end the year with 20,000 agents
https://therealdeal.com/2018/08/13/exp-realty-revenue-soars-as-agent-count-doubles/
The credibility of being uplisted to Nasdaq enhances shareholder value. Now institutional investors and funds will be able to consider buying this stock. Although the Company remains the same there is access to greater opportunities.
NASDAQ UPLISTING COMPLETE
As of a few minutes ago EXPI is UP 486% since last October and 247% Year to Date. This is a solid company with a BILLION $ market cap.
Never held a stock that moved to Nasdaq, does that have a positive impact on price per share?
In April, $EXPI announced it applied to list the company's common #stock on the #NASDAQ Global Market. eXp has received approval and shares will begin trading next week! #eXpRealtyProud bit.ly/eXpToHitNasdaq
#stockmarket #invest
EXP surpassed 10,000 agents
http://expworldholdings.com/2018/04/18/exp-realty-surpasses-10000-real-estate-agents-across-north-america/
The eXp Shareholder Summit just ended. The number of agents at eXp Realty has grown from 6511 at the end of 2017 to about 9300 now. In the first quarter of 2018 the eXp volume of transaction sides is about 47% higher (about 10,000) than it was on average per quarter in 2017 (about 6325). Real estate transaction volume is a direct measure of revenue, so that is very positive. In addition it was just announced that EXP World Holdings has submitted an application to Uplist to NASDAQ, which should encourage institutional ownership once it occurs.
Followers
|
22
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
221
|
Created
|
03/21/13
|
Type
|
Free
|
Moderators |
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
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.
Corporate Projections
Standing out in the Industry
Residential Real Estate Brokerage
Highly fragmented
Innovators are Valued by Venture Capital
Limited opportunity in the public company arena and no significant growth players outside eXp Realty
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., 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. |
MissionIR is a moderator of this board. Please see disclaimer on the MissionIR website: http://www.missionir.com/disclaimer.html
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |