Agents Gone Mobile

Company to Report Third Quarter Financial Results on November 9 

BELLINGHAM, Wash. — October 27, 2020 — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty and VirBELA, today provided preliminary unaudited financial and operational results for the third quarter ended September 30, 2020.

eXp World Holdings Preliminary Third Quarter 2020 Highlights (the financial information below is subject to change and could be different when earnings are released):

• The number of agents and brokers on the eXp Realty platform increased 56% to 35,877 at the end of the third quarter of 2020, compared to 23,034 a year ago.
• Residential transaction sides closed for the third quarter of 2020 increased 95% to 75,392, compared to 38,567 during the third quarter of 2019.
• Residential transaction volume closed for the third quarter of 2020 increased 112% to $23.6 billion, compared to $11.1 billion during the third quarter of 2019.
• eXp Realty ended the third quarter with a 73 agent Net Promoter Score, which measures agent satisfaction, as compared to 61.
• eXp Realty continues to maintain a Glassdoor rating of 4.6 placing it close to the top of all large companies in terms of culture and collaboration.
• VirBELA revenue grew more than 360%. 
• International expansion continues with the launch of South Africa, with near-term plans to expand into additional key international markets.

“As one of the fastest-growing residential real estate brokerages, we continue to deliver on our value proposition to agents, consumers and shareholders,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “Our world-class agents combined with a progressive cloud-based model provides a significant competitive advantage in the real estate industry, driving eXp to yet another quarter of record results.”

This information is delivered in advance of the company’s quarterly earnings report that will be released on Monday, November 9, 2020 and can be viewed on the company’s website at www.expworldholdings.com.

Third Quarter Financial Results – Virtual Fireside Chat

The company will hold a virtual fireside chat and investor Q&A session with eXp World Holdings Founder and CEO Glenn Sanford and CFO Jeff Whiteside on Tuesday, Nov. 10 to discuss third quarter financial results and recent milestone achievements.

The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its companies.

Date: Tuesday, Nov. 10, 2020

Time: 11:00 a.m. – 12:00 p.m. Eastern time (8:00 – 9:00 a.m. Pacific time)

Location: VirBELA Open Campus in the Auditorium. Join at virbela.com.

Livestream: expworldholdings.com/events

About eXp World Holdings

eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty and VirBELA.

eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 36,000 agents in the United States, Canada, the United Kingdom Australia and South Africa. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.

For more information, please visit the company’s website at www.expworldholdings.com.

Safe Harbor Statement
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the company’s expansion, revenue growth, operating results, financial performance and net income changes. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K.

Company Contacts:

Investor Relations

Investors@expworldholdings.com

Media Relations

Mediarelations@expworldholdings.com

The post eXp World Holdings Announces Preliminary Third Quarter 2020 Business Highlights appeared first on eXp World Holdings.

eXp Realty’s Innovative Business Model Allows Local Real Estate Agents to Invest In Their Future

BELLINGHAM, Wash. — October 13, 2020 — eXp World Holdings (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies, today announced the expansion of its brokerage model into South Africa under the eXp South Africa banner. The addition of residential and commercial brokerage operations in South Africa represents the fourth international expansion for the U.S.-headquartered company. In addition to its robust U.S. presence, eXp Realty also operates in Canada, the United Kingdom and Australia, with more than 35,000 agents in its global network.

eXp Realty offers a unique financial model for residential and commercial real estate agents, going beyond just commissions to provide its agents with revenue share and additional equity programs that include opportunities for stock awards. The partnership model also offers proprietary marketing resources, including the company’s cloud-based virtual environment and customized technology platform that enhances virtual prospecting, sales, training and communications for agents.

“The response to our innovative model has been phenomenal, and we’re excited to bring this opportunity to the vibrant residential real estate community in South Africa,” said Michael Valdes, President of eXp Global. “In addition to increased revenue opportunities for agents, our focus on virtual technology and ability to deliver valuable marketing resources gives agents an advantage and positions them well for the future of real estate.”

“There are deep traditions within South Africa real estate, and we want to build on those. Our approach is to celebrate these diverse cultures and blend them with our innovative real estate opportunities to help develop agents throughout the country,” said eXp South Africa Designated Managing Broker Andrew Thompson. “eXp Realty’s global model and the expansion into South Africa further strengthens our international presence, and its unique revenue model is a game-changer for agents in our worldwide network. The kind of advanced technology and virtual experience that eXp South Africa offers will add massive value to both the agent and consumer experience.”

The company’s presence in South Africa will encompass a national footprint, including all major towns, cities and provinces. South Africa represents one of five countries eXp Realty and the global business has identified for expansion by the end of 2020, including France, India, Mexico and Portugal.

About eXp Realty
eXp Realty is an eXp World Holdings, Inc. (Nasdaq: EXPI) company. eXp World Holdings also owns VirBELA. eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 35,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.

Connect with eXp World Holdings and its companies: https://expworldholdings.com.

Media Relations Contact:
eXp Realty
Alyson Austin
949.403.0484
alyson@gaffneyaustin.com

eXp South Africa
Amanda Wray
082.854.2737
amanda.wray@exprealty.net

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 Honorees Recognized for Achieving High Production and Cultural Goals

BELLINGHAM, Wash. October 2, 2020 — eXp Realty, one of the fastest-growing, global residential real estate companies, today announced that 109 agents were honored as eXp Realty ICON agents for September 2020.

The eXp Realty ICON Agent Award is reserved for agents who achieve exceptional production goals and positively impact company culture. This honor signals that these agents are leaders in their field and serve as examples to their colleagues by upholding the core values of eXp Realty.

eXp Realty ICON agents for September 2020 are as follows:

• AJ and Courtney Ackerman, FL
• Sean Bates, FL
• Dustin Bauld, AB
• Megan Behan, TX
• Jeanette Bell, MO
• Brian and Stepheny Brown, KY
• Kimberly Cargill-Wax and Stephen Wax, TN
• Peter Carpenter, AK
• Richard Carruth, AL
• Austin Cheviron, IN
• Mickie Ciocci, TX
• Kevin and Samantha Cooper, CA
• Conda Davidson, MO
• Lois de Armas, TX
• Monika Deroussel, OH
• Rummy Dhanoa, NY, CT
• Gina Dubell-Smith, OH
• Matthew Durbin, PA
• Nate Evans, IL
• Deana Fawcett, BC
• Lisset Franco, FL
• Matt “Roar” Gardner, FL
• Christopher Garvey, IL
• Carlos German, FL
• William and Debbie Gilliam, TX
• Morgan Gonzalez, CA
• Braden Greer, SC
• Brian Hagarty, VA
• Ali and Abbas Haghgoo, MD
• Gene Hastings, AZ
• Beth Haun, GA, FL
• Mark Hiller, FL
• Heidi Hines, NC
• Kate Howard, IA, IL
• Dee Dee and Brian Jacobs, MO
• William Johnson, TN
• Holly and Deanna Evans, NC, SC
• Daniel Kingsley, MN
• Aaron and Amanda Kinn, TX
• Stacie Koroly, PA
• Rachel Krill, AZ
• Wayne Labrecque, NH, MA
• Robert Lane, NC
• Jeremy Larson, CA
• Michelle Larson-Hoppe, MN
• Mark Lemmons, TX
• Steven Lewis, NJ
• Tricia Littell, TX, TN
• Jesse Loader, AB
• Brandi and Drew Lolato, OK
• Chris Luther, NC, SC
• William Mahan, OK
• Holly and Thomas Maloney, OH, KY
• Kathleen McVicker, OR, WA
• Elicia Michaud, TX
• Mark Middleton, FL
• Edward Milan, GA
• Ryan Milo, MI
• Elizabeth Monarch, KY
• Muadi Mulamba, TX
• Steven Norris, NC
• Rich and Grace Orban, GA
• Jason and Jennifer Phipps, WA
• David Queen, AZ
• Gregory Reitz, CA
• Robin Rice, CO
• Joshua Riddle, AZ
• Renee Ruth, VA
• Michelle and David Saward, MI
• Sean and Blanca Schellsmidt, MN
• Jeffrey Selvoski, PA
• Kevin Shaner, PA
• Lauren Sheehan, OR
• Wendi and Donald Sheets, OH
• Kevin Smits, CO
• Bryan and Colleen Souza, CA
• Vicki and Ryan Stevenson, IL, IN
• Sherry Strohl, SC, NC
• Jason Subt, HI
• Michael Swift, MO
• Christine Tatro, NH
• Steve Thomas, OR
• David Upchurch, NC
• Jason Veenstra, MI
• Missy Walden, VA
• Mary Watts, TX
• Kari Wheeler, CA
• Matthew Willis, AL
• David Willman, MD
• Wendy Witt Plattus, VA
• Thomas Wohl, NC
• Gerad Wombles, MO
• Melissa Wu, BC
• Kelly Zimmerman, CA
• Elizabeth James, NE
• Kinan Beck, TX
• Matthew Battiata, CA
• Dean DeVries, FL
• Jon and Leslie Foster, CA
• Jay Thomas, TX
• Paula Sanders, TX
• Aaron Ralls, CA
• Jacob Ghena, OR
• Mitzi De La Cruz, CA
• Jason Simard, BC
• Mark Zawaideh, MI
• Peter Kamboukos, AZ
• David Brooke, CT
• Karin Head, NC

The eXp Realty ICON Agent Award provides each qualified ICON with up to $16,000 in publicly traded eXp World Holdings, Inc. common stock upon the achievement of certain production, cultural and event attendance goals. The company’s cap is presently set at $16,000. Through the program, ICONs effectively can earn up to their entire cap amount back in the form of stock. ICON agent qualification and benefit details are available in the ICON Program Overview.

About eXp Realty

eXp Realty is an eXp World Holdings, Inc. (Nasdaq: EXPI) company. eXp World Holdings also owns VirBELA.

eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 35,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.

Connect with eXp World Holdings and its companies: https://expworldholdings.com/social.

Media Relations Contact:
Alyson Austin
press@exprealty.net

Investor Relations Contact:
Molly Evola
investors@expworldholdings.com

2020-10-02T06:12:46-07:00

 Expansion Increases eXp Realty Canada Footprint

BELLINGHAM, Wash. and TORONTO, Oct. 01, 2020 — Today, eXp Realty, one of the fastest-growing, global residential real estate companies, announced that Toronto-GTA-based Christopher Invidiata and his team are joining eXp Realty as a broker partner. Invidiata and its 21 agents will join the 35,000 real estate agents in the global eXp Realty network, expanding the company’s existing Canadian footprint and signalling its continued commitment to international expansion.

Invidiata, a powerhouse luxury brand known for selling high-end properties throughout Canada, was established 35 years ago by Christopher Invidiata and was previously part of the RE/MAX network. Invidiata has sold more than $4 billion in residential real estate and was named the #1 RE/MAX team in Canada more than 15 times since 2001 as well as achieving #1 team worldwide in 2007 and 2012. As leaders in the real estate industry for more than three decades, Invidiata has consistently developed and maintained cutting edge marketing strategies combined with providing the highest caliber of service to clients to achieve its phenomenal growth.

With an ethos of “No home is too large or too small to be handled with the same level of care,” the Invidiata team completed over $250 million CND in sales volume with more than180 transactions in 2019.

The agreement allows Invidiata agents to benefit from eXp Realty’s unique financial model for residential real estate sales which goes beyond just commissions to also provide revenue share and stock options, creating an opportunity for agents to invest in their futures. The partnership model also offers agents health insurance and unique marketing resources, including its cloud-based virtual environment and customized technology platform that enhances virtual training, prospecting, sales and communications for agents. As with all eXp Realty broker partners, Invidiata will continue to operate under its strong brand name.

According to Christopher Invidiata, the move to partner with eXp Realty was exactly what he was looking for to catapult his team and brand into the future of where residential real estate is headed. “I’d been working toward a model that would give our agents more benefits, increased marketing resources and, most importantly, the opportunity to have an ownership stake,” he said. “We are always looking for the next growth opportunity and innovative move to continue our success at our team, and eXp is doing exactly what I had envisioned with the added benefit of being a virtual company, completely cloud-based with no brick and mortar. This is the future of real estate, and we’re delighted to be part of eXp Realty as it blazes a path forward. This is an exciting time to be a realtor.”

Michael Valdes, President, eXp Global said Invidiata is a stellar example of the kind of visionary company eXp looks to partner with. “We’re delighted to welcome Invidiata to the eXp global network,” he said. “As a recognized leader in the real estate arena, Christopher’s expertise has made him a sought-after speaker and mentor to real estate professionals in Canada, Argentina, Italy, South Africa, Turkey and the United States. The Invidiata commitment to quality and holistic brand building, as well as its desire to leap forward into the technology-driven virtual approach to residential real estate sales, is a perfect fit with what we have to offer.”

Unlike a traditional profit-sharing model, eXp’s revenue share program is unique in that the company shares 50% of its revenue received from each transaction before expenses are removed. Agents can benefit financially from “sponsoring” new agents into eXp every time that agent closes a sale that contributes revenue to eXp. In addition, there are no franchise or brokerage fees for eXp broker partners.

About eXp Realty

eXp Realty is an eXp World Holdings, Inc. (Nasdaq: EXPI) company. eXp World Holdings also owns VirBELA. eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 35,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.

Connect with eXp World Holdings and its companies: https://expworldholdings.com.

About Invidiata

With 35 years of success in real estate, Invidiata prides itself in understanding the needs of their clients, achieving their goals and developing long-lasting relationships. The founder, Christopher Invidiata, has been recognized as one of the most successful real estate professionals in Canada and for over 30 years recognized as one of RE/MAX’s leading residential realtors in North America while servicing the Oakville, Burlington, Mississauga and Toronto markets.

The Invidiata team’s expertise and exceptional service has attracted Canada’s most influential families and earned them the #1 ranking team in Canada for over ten years and the prestigious honour of being named the #1 RE/MAX Team worldwide, multiple times. Invidiata has appeared on major media outlets, including CBC, CTV, CHCH, Breakfast Television, and The Globe and Mail. Visit http://invidiata.com

Media Relations Contact:
eXp Realty
Alyson Austin
949-403-0484
alyson@gaffneyaustin.com

Invidiata
Jessica Panetta
jessica@conceptualeventsociety.com

Investor Relations Contact:
Molly Evola
investors@expworldholdings.com

BELLINGHAM, Wash. — Sept. 22, 2020 — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty and VirBELA, today announced the appointment of James Huang as president of the commercial division of eXp World Holdings, Inc. In this new role, Huang will be responsible for launching eXp’s commercial business and growing the footprint across the United States and globally.

Huang brings more than 20 years of commercial real estate experience to eXp with several years at commercial investment company Marcus & Millichap and 15 years leading his own full-service commercial real estate brokerage firm based in Los Angeles. Most recently, he was president of Sperry Commercial Global Affiliates. While at Sperry, his team grew and oversaw more than 65 affiliates located across more than 20 states and multiple countries.

“James is an innovator in the commercial real estate space and has held leadership roles in some of the most well-known and highly-regarded commercial firms in North America,” said Jason Gesing, eXp Realty CEO. “His experience is aligned with eXp’s shared values, and we see countless opportunities for innovation in our expansion into commercial real estate. We look forward to Jim’s leadership as we introduce new and unprecedented earning, learning and growth opportunities to the very best commercial agents and professionals in the business.”

Huang has a long history of service to the industry with board and leadership positions at many prominent trade groups, including for-profit and non-profits, such as the Asian Pacific Islander American Public Affairs Association. He is currently serving as president of the Asian Real Estate Association of America (AREAA). In an international capacity, he is currently president-elect of the Southern California division of FIABCI International Real Estate Federation, which is based in Paris, France. FIABCI is the world’s leading international real estate organization devoted to all real estate specialties and activities.

“I am very excited for this new opportunity with eXp Realty, a company that has dominated and thrived over the last couple of years,” said Huang. “I am looking forward to using eXp’s model and infrastructure to help develop and grow eXp’s commercial real estate and ancillary services division.”

Prior to real estate, Huang worked on Wall Street in brokerage and portfolio management,  structured finance and consulting.

About eXp World Holdings

eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty, eXp Commercial, VirBELA and Showcase IDX.

eXp Realty, The Real Estate Cloud Brokerage, is the fastest-growing, global residential real estate company with more than 35,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.

VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.

For more information, please visit the company’s website at www.expworldholdings.com.

Connect with eXp World Holdings and its companies: https://expworldholdings.com/social 

Media Relations Contact:
Alyson Austin
press@exprealty.net

Investor Relations Contact:
Molly Evola
investors@expworldholdings.com