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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