Friday, May 6, 2016

eXp World Holdings, Inc. (EXPI) Announces Appointment of CEO and President for Brokerage Division

Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI) announced the appointment of a new chief executive officer and a new president of its real estate brokerage division. Jason Gesing, who joined the EXPI team in 2010 and became the company’s president in 2013, will now serve as CEO of its rapidly expanding real estate division. Vikki Bartholomae, who originally joined EXPI in July of last year, will serve as division president.

“I am very excited about Jason and Vikki working together to steward the real estate division of eXp World Holdings,” Glenn Sanford, founder and chief executive officer of EXPI, stated in today’s news release. “I believe, based on my observations over the last six months in particular, that Jason and Vikki working together to lead the real estate division will result in even greater differentiation of the agent ownership model relative to the rest of the industry. I fully expect that the culture of the company will continue to strengthen and that the growth of the company will continue to accelerate.”

Vikki Bartholomae brings more than 15 years of real estate industry experience to the EXPI management team, including a stint of more than six years as a team leader in the expansive Keller Williams organization. During her time with Keller Williams, Bartholomae achieved net agent gain of 192 percent, as well as a 47 percent gain in agent production and a 56 percent increase in profit in the market centers she managed. As new president of EXPI’s real estate division, Bartholomae’s extensive experience in the training and coaching of real estate professionals, particularly as it relates to the development of new agents, is expected to play a key role in the company’s ongoing efforts to promote the sustainable growth of its disruptive Agent-Owned Cloud Brokerage™.

“It is so exciting to be part of the future of the industry I love,” Bartholomae explained in the news release. “eXp’s business model is completely disruptive in real estate by eliminating bricks and mortar and giving the agents true ownership in the company. My role as President gives me the opportunity to serve my agent ownership partners and bring about revolutionary change to our industry at the same time.”

Jason Gesing’s proven track record at the helm of EXPI makes him an obvious choice for CEO of its real estate division. Since stepping into the role of president in 2013, Gesing has successfully steered the company’s brokerage division from roughly 300 real estate professionals to more than 1,200 across the United States and Canada. Additionally, EXPI’s revenues over the three-year span have grown from $10.7 million in 2013 to $22.87 million last year, an increase of more than 110 percent.

“The eXp Realty business model offers unique and empowering professional development and wealth-building opportunities to real estate professionals because of the Company’s innovative use of technology,” Gesing stated in the news release. “However, as beneficial and lucrative as the model is, people are joining us because we’ve been able to create an environment and a community that entrepreneurial agents want to be a part of. It’s a community of professionals who work very closely together, who support one another, and whose voices are and will continue to be heard, both as agents and brokers of the company, and as its shareholders.”

In recent months, EXPI, through eXp Realty, has continued to promote the growth of its innovative, cloud-based brokerage model. Since December, the company has launched operations in six new states, including an update earlier this week in which it announced commencement of operations in Kansas, Missouri, Minnesota and Idaho, as well as the District of Columbia. To date, EXPI has developed a presence in the real estate markets of more than 35 U.S. states and Canadian provinces.

For more information, visit the company’s website at http://investors.exprealty.com

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