eXp Realty International Corp. is the holding company for a
number of businesses, most notably eXp Realty LLC, the Agent-Owned Cloud
Brokerage™. eXp Realty is a full-service real estate brokerage offering 24/7
access to a suite of collaborative tools, training features and socialization
channels designed to meet the unique needs of real estate brokers and agents.
By creating a fully-immersive, cloud office environment for real estate
professionals, eXp effectively reduces agents’ overhead, increases their
profits and provides greater service value to consumers.
Through eXp Realty’s innovative platform, agents and brokers
are afforded the opportunity to earn equity in exchange for production and
contributions to company growth. Additionally, eXp features an aggressive
revenue sharing program that pays agents a percentage of the gross commission
income earned by fellow professionals they recruit into the company. The result
is a shared ownership community featuring a synergistic and collaborative group
of forward-thinking, entrepreneurial professionals. With the emergence of the
internet as the most powerful property marketing and advertising medium, eXp’s
internet and cloud technologies have helped thousands of consumers find, buy or
sell homes without the need for a brick and mortar real estate office.
Since its launch in October 2009, eXp Realty has experienced
rapid growth, with brokerage service now offered in 35 U.S. states and Alberta,
Canada. In February 2016, the company officially welcomed its 1,000th real
estate professional into its family of agent-owners, up from just 467 agents at
the end of 2014. Following this achievement, the Agent-Owned Cloud Brokerage
claimed a spot among the top 50 real estate brokerages in the United States
based on agent count, according to data from RISMEDIA’s 2015 PowerBroker 500
Report.
Similarly, eXp Realty generated record financial results
during 2015. Following the launch of two new initiatives – including an online
lead generation program and a stock compensation plan – the company achieved a
71 percent year-over-year increase in net revenues, recording $22.87 million for
the year. As it continues to expand its footprint across North America, eXp
Realty will look to leverage its unique agent-owned business model to continue
attracting driven, entrepreneurial agents and real estate industry leaders
while promoting sustainable financial growth.
For more information, visit the company’s website at
http://investors.exprealty.com
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