BELLINGHAM, Wash., Dec. 13 2021 (GLOBE NEWSWIRE) — eXp Realty®, the world’s fastest growing real estate brokerage and principal subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that it has surpassed 70,000 agents worldwide, representing an increase 69% compared to the 41,313 agents at the start of 2021.

The milestone follows a third quarter record in 2021, where revenue increased 97% to $1.1 billion and gross profit increased 70% to $79.5 million from the third quarter of 2020.

“Our agent focus and continued innovation has allowed us to continue to add more realtors to the eXp Realty platform each year,” said Glenn Sanford, Founder, President and CEO of eXp World Holdings. . “As the fastest growing real estate broker on the planet, we will look to improve the agent value proposition to continue our eXponential growth in the future.”

In 2021, eXp Realty expanded to nine new international locations, including Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany. In addition, eXp has established SUCCESS® Ready, LLC, a residential lending joint venture with Kind Lending, LLC, as well as the eXp Innovation Hub, a collaborative environment for building services and capabilities that make a difference in the daily lives of eXp Realty agents. eXp ended the third quarter of 2021 with an overall Net Promoter Score of 69, a measure of agent satisfaction, thanks to the company’s intense focus on the agent experience.

Here are some of the recent teams and agents who joined eXp Realty in 2021:

  • Kathy Helbig in St. Louis
    Kathy Helbig and his team of 30 joined eXp Realty in April 2021. His team completed 303 transactions for $87 million in 2020.
  • Chris Fritch in Minneapolis
    Chris Fritch and his team of 12 joined eXp Realty in April 2021. In 2020, his team closed 234 transactions for $78 million in sales.
  • Viet Le and the Pinnacle team in Minneapolis
    Viet Le and the 44-agent Pinnacle team, which operates in Minnesota, Wisconsin and Florida, joined eXp Realty in May 2021. The Pinnacle team closed gross sales of $107 million on 373 transactions in 2020.
  • José Esparza in Northwest Arkansas
    Jose Esparza and his team of 10 joined eXp Realty in June 2021. Esparza’s team closed 215 transactions for $40 million in gross sales in 2020.
  • Susan Duncan and High Vistas Realty in Asheville, North Carolina
    Susan Duncan and its team of 105 agents joined eXp Realty in July 2021. High Vistas Realty achieved $102 million in sales volume from 405 transactions in 2020.
  • Alejandro Lopez and the GL Capital team in Mexico
    Alejandro Lopez and GL Capital’s 26-person team joined eXp Mexico in August 2021 with operations in Chihuahua, Cancun and Tulum.
  • Eric Gedalje and the Janecek Gedalje Band in Lake Havasu City, Arizona
    Eric Gedalje and his team of 12 agents joined eXp Realty in October 2021. Janecek Gedalje Group closed $136 million in sales across 346 transactions in 2020.
  • Shashank Chauhan and the URRBO team from India
    Shashank Chauhan and his team of 8 agents, URRBO, joined eXp India in November 2021.
  • Frank Gray and Abby Realty in Houston
    Frank Gray, founder of Abby Realty, a 472-person independent brokerage firm, joined eXp Realty in November 2021. The Abby team achieved $399 million in sales from 2,358 transactions in 2020.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company of eXp Realty®, Virbela and SUCCESS® Companies.

eXp Realty is the world’s fastest growing real estate company with over 70,000 agents in the US, Canada, UK, Australia, South Africa, India, Mexico, Portugal , France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany, and continues to expand internationally. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity rewards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of real estate brokerage and technology solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools, and personal development. The cloud-based brokerage is powered by Virbela, a deeply social and collaborative immersive 3D platform, enabling agents to be more connected and productive. SUCCESS Enterprises, anchored by SUCCESS magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement

Statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current beliefs and assumptions and involve known and unknown risks and uncertainties that could cause actual results , performance or actual events differ materially from those expressed or implied. in such statements. These 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 continued growth of our agent and broker base; the expansion of our residential real estate brokerage business into foreign markets; demand for remote work and learning solutions and virtual events; the development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in the forward-looking statements include changes in business or other market conditions; the difficulty of keeping spending growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s filings with the Securities and Exchange Commission, including, but not limited to, the most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Contact person for media relations:
eXp World Holdings, Inc.
[email protected]

Contact with Investor Relations:
MZ Group – MZ North America
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98cfe6ec-a698-48b4-b188-33cb44a75ee6

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