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BELLINGHAM, Wash., Dec. 13, 2021 (GLOBE NEWSWIRE) — eXp Realty®, the fastest-growing actual property brokerage on this planet and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), at this time introduced it has exceeded 70,000 brokers globally, representing a rise of 69% when in comparison with 41,313 brokers at the beginning of 2021.
The milestone follows a document third quarter in 2021, whereby income elevated 97% to $1.1 billion and gross revenue elevated 70% to $79.5 million when in comparison with the third quarter of 2020.
“Our agent-centric focus and steady innovation has allowed us to proceed including actual property brokers to the eXp Realty platform in better numbers yearly,” stated Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “Because the fastest-growing actual property brokerage on the planet, we’ll look to boost the agent worth proposition to proceed our eXponential development nicely into the longer term.”
In 2021, eXp Realty expanded into 9 new worldwide places, together with Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany. As well as, eXp established SUCCESS® Lending, LLC, a residential lending three way partnership with Form Lending, LLC, in addition to the eXp Innovation Hub, a collaborative setting to create providers and capabilities that make a distinction within the day-to-day lifetime of eXp Realty brokers. eXp ended the third quarter of 2021 with a worldwide Web Promoter Rating of 69, a measure of agent satisfaction, by the corporate’s intense concentrate on the agent expertise.
Following are among the current groups and brokers who’ve joined eXp Realty in 2021:
- Kathy Helbig in St. Louis
Kathy Helbig and her 30-person staff joined eXp Realty in April 2021. Her staff closed on 303 transactions for $87 million in 2020. - Chris Fritch in Minneapolis
Chris Fritch and his 12-person staff joined eXp Realty in April 2021. In 2020, his staff closed 234 transactions for $78 million in gross sales. - Viet Le and the Pinnacle Staff in Minneapolis
Viet Le and the 44-agent Pinnacle Staff, which operates throughout Minnesota, Wisconsin and Florida, joined eXp Realty in Could 2021. The Pinnacle Staff closed $107 million in product sales on 373 transactions in 2020. - Jose Esparza in Northwest Arkansas
Jose Esparza and his 10-person staff joined eXp Realty in June 2021. Esparza’s staff closed on 215 transactions for $40 million in product sales in 2020. - Susan Duncan and Excessive Vistas Realty in Asheville, North Carolina
Susan Duncan and her 105-agent staff joined eXp Realty in July 2021. Excessive Vistas Realty accomplished $102 million in gross sales quantity on 405 transactions in 2020. - Alejandro Lopez and GL Capital Staff in Mexico
Alejandro Lopez and the 26-person GL Capital Staff joined eXp Mexico in August 2021 with operations in Chihuahua, Cancun and Tulum. - Eric Gedalje and The Janecek Gedalje Group in Lake Havasu Metropolis, Arizona
Eric Gedalje and his 12-agent staff joined eXp Realty in October 2021. The Janecek Gedalje Group closed $136 million in gross sales on 346 transactions in 2020. - Shashank Chauhan and Staff URRBO of India
Shashank Chauhan and his 8-agent staff, URRBO, joined eXp India in November 2021. - Frank Grey and Abby Realty in Houston
Frank Grey, founding father of Abby Realty, a 472-person impartial brokerage, joined eXp Realty in November 2021. The Abby Staff accomplished $399 million in gross sales on 2,358 transactions in 2020.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding firm for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the fastest-growing actual property firm on this planet with greater than 70,000 brokers in the USA, Canada, the UK, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany, and continues to scale internationally. As a publicly traded firm, eXp World Holdings gives actual property professionals the distinctive alternative to earn fairness awards for manufacturing objectives and contributions to general firm development. eXp World Holdings and its companies supply a full suite of brokerage and actual property tech options, together with its revolutionary residential and industrial brokerage mannequin, skilled providers, collaborative instruments and private growth. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that’s deeply social and collaborative, enabling brokers to be extra related and productive. SUCCESS Enterprises, anchored by SUCCESS journal and its associated media properties, was established in 1897 and is a number one private {and professional} growth model and publication.
For extra info, go to https://expworldholdings.com.
Protected Harbor Assertion
The statements contained herein could embrace statements of future expectations and different forward-looking statements which are based mostly on administration’s present views and assumptions and contain recognized and unknown dangers and uncertainties that might trigger precise outcomes, efficiency or occasions to vary materially from these expressed or implied in such statements. Such forward-looking statements communicate solely as of the date hereof, and the corporate undertakes no obligation to revise or replace them. These statements embrace, however are usually not restricted to, statements in regards to the continued development of our agent and dealer base; growth of our residential actual property brokerage enterprise into international markets; demand for distant working and distance studying options and digital occasions; growth of our industrial brokerage and our skill to draw industrial actual property brokers; and income development and monetary efficiency. Such statements are usually not ensures of future efficiency. Vital elements which will trigger precise outcomes to vary materially and adversely from these expressed in forward-looking statements embrace modifications in enterprise or different market circumstances; the issue of preserving expense development at modest ranges whereas growing revenues; and different dangers detailed infrequently within the firm’s Securities and Trade Fee filings, together with however not restricted to probably the most lately filed Quarterly Report on Type 10-Q and Annual Report on Type 10-Okay.
Media Relations Contact:
eXp World Holdings, Inc.
[email protected]
Investor Relations Contact:
MZ Group – MZ North America
[email protected]
A photograph accompanying this announcement is offered at https://www.globenewswire.com/NewsRoom/AttachmentNg/98cfe6ec-a698-48b4-b188-33cb44a75ee6
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