BELLINGHAM, WA–(Marketwired – March 02, 2016) – eXp Realty International Corporation (OTCQB: EXPI) today announced that it officially welcomed its 1000th real estate professional into its family of agent-owners on Leap Day, February 29, 2016. The Company had 467 agents at the end of 2014 and approximately 650 agents last June.
The achievement positions the Agent-Owned Cloud Brokerage among the top 50 real estate brokerages in the United States based on agent count in the context of data furnished by RISMEDIA in its 2015 PowerBroker 500 Report which contained 2014 agent count statistics for the top 500 brokerages in the country.
“We’re humbled and honored by this achievement and the relatively short timeframe within which we’ve reached the 1000 agent number,” said eXp Realty Founder and CEO, Glenn Sanford. “More than anything though, we’re excited by the passion with which our agent-owners have embraced the concept of brokerage ownership, brand development, and business building, and the spirit with which they are sharing the eXp opportunity with other good professionals.”
eXp Realty launched in October of 2009 with an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals whom they attract into the Company. In 2013 the Company transitioned into being a public company and in 2014 its initiative of sharing equity with its agents and brokers catapulted it to an accelerated rate of growth and retention.
eXp Realty is also one of if not the fastest growing real estate brokerages in a number of cities in the United States most notably Austin and San Antonio, Texas as well as Lafayette, LA and Atlanta, Georgia. Austin, San Antonio and Lafayette all opened in the last 12 months and have attracted some of the best and brightest in their prospective marketplaces. eXp Realty is also achieving net year over year agent growth in most of the markets it is operating in.
About eXp Realty International Corporation
eXp Realty International Corporation is the holding company for a number of companies most notably eXp Realty LLC, the Agent-Owned Cloud Brokerage™ as a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. This effectively reduces agents’ overhead, increases their profits, and provides greater service value to consumers.
As a publicly-traded company, eXp Realty International Corporation uniquely offers agents and brokers the opportunity to earn equity awards for production and contributions to overall company growth. eXp Realty, LLC and eXp Realty of Canada, Inc. also feature an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals whom they attract into the Company.
From its inception, eXp Realty has been engaged in the marketing and sale of residential real estate with the goal of being the first truly cloud-based, full-service, global real estate brokerage company, delivering around-the-clock access to collaborative tools and professional development for managing real estate brokers and agents. The business model was created to increase brokers’ and agents’ listings and sales, while reducing their overhead and capital requirements. eXp Realty can now be found in approximately 31 states and parts of Canada. For more information, visit: www.exprealty.com or investors.exprealty.com.
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.
Investor Relations Contact Information:
Chairman & CEO
eXp Realty International Corporation
Trade and Media Contact Information:
eXp Realty International Corporation