eXp World Holdings Inc
NASDAQ:EXPI

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eXp World Holdings Inc
NASDAQ:EXPI
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Price: 11.22 USD 0.81% Market Closed
Market Cap: 1.7B USD
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eXp World Holdings Inc
Investor Relations

In the rapidly reshaping landscape of real estate brokerage, eXp World Holdings Inc. has carved out a distinctive niche by embracing technological innovation at its core, effectively blurring the lines between a traditional real estate firm and a cutting-edge tech company. Born in 2009 amid economic turmoil, eXp Realty emerged as a bold experiment in deploying a cloud-based model for real estate transactions—a pioneering approach in an industry historically entrenched in face-to-face dealings. Spearheaded by Glenn Sanford, a former top-producing agent frustrated with conventional methods, the company abandoned the classic brick-and-mortar office settings in favor of a virtual platform. This pivot allowed it to scale with lesser overhead, attracting agents who appreciated the flexibility and the robust suite of technological tools available at their disposal, such as the immersive 3D virtual environment offered by eXp World, a virtual world for collaboration and professional development powered by Virbela.

The company's unique business model further distinguishes it in the industry. At its core, eXp Realty operates on a revenue-sharing scheme more akin to multi-level marketing than traditional brokerage models, drawing a substantial portion of its income by encouraging agents to recruit more agents, thereby expanding its network rapidly. Alongside this, its compensation structure empowers agents with the opportunity to earn stock in the publicly-traded parent company, creating additional financial incentives aligned with the company’s success. As eXp has expanded its footprint beyond North America to a global stage, it also accommodates its agents with a robust suite of productivity tools, training programs, and a powerful lead-generation system, all designed to enhance their income potential. This approach has not only driven impressive growth for eXp World Holdings but also positioned it as a transformative force in the real estate sector, keenly watched by industry incumbents and tech-savvy disruptors alike.

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Management

Mr. Glenn Darrel Sanford
Founder, Chairman, CEO & Treasurer
No Bio Available
Mr. Jian Cheng
Principal Financial Officer, Chief Accounting Officer & Global Controller
No Bio Available
Mr. James H. Bramble J.D.
Chief Legal Counsel, General Counsel & Corporate Secretary
No Bio Available
Mr. Leo Pareja
Chief Executive Officer of eXp Realty
No Bio Available
Mr. James Huang
President of the Commercial Division
No Bio Available
Mr. Michael Valdes
Chief Growth Officer of eXp Realty
No Bio Available
Mr. Seth Siegler
Chief Innovation Officer of eXp Realty
No Bio Available
Ms. Ilka Vietz
Managing Director of eXp
No Bio Available
Mr. Patrick O'Neill
Chief Operating Officer of eXp Realty
No Bio Available
Ms. Carolyn Merchant
Chief Marketing Officer of eXp Realty
No Bio Available

Contacts

Address
WASHINGTON
Bellingham
2219 Rimland Dr Ste 301
Contacts
+13606854206.0
expworldholdings.com