Tuesday, May 3, 2016

eXp World Holdings, Inc. (EXPI) Continues Expansion of Real Estate Division with Launch in Four States and the District of Columbia

Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI), the company behind the Agent-Owned Cloud Brokerage™, announced that its real estate division, eXp Realty, has recently launched operations in Kansas, Missouri, Minnesota, Idaho and the District of Columbia. This expansion continues to build on what has been a period of rapid growth for the company, which has now commenced operations in a total of eight new states and Washington, D.C. since last November. In total, EXPI’s full-service, cloud-based real estate brokerage is now open in more than 35 U.S. states, as well as two Canadian provinces.

“Our launch in these new markets reflects our continuing ability to attract and/or develop highly-credible leaders within the industry who understand the impact of Agent-Ownership on culture and collaboration and who see very clearly the opportunities made possible by innovative uses of technology both for industry professionals and for the consumers they serve,” Jason Gesing, president of EXPI, stated in today’s news release.

As part of this expansion, EXPI also announced the hiring of managing brokers for each of its new markets. Tameka Bryant, a national trainer for the largest trade association in the country, the National Association of REALTORS®, will join EXPI as managing broker in Missouri and Kansas. Tara Houston, the company’s current managing broker in the State of Maryland, will take on the same role in the District of Columbia. Robert Bass, an experienced broker and winner of the coveted Realtor of the Year award in 1996, will serve as managing broker in Idaho. Finally, Jeffrey Hagel, who has more than a decade of industry experience working with RE/MAX and Keller Williams Realty, will serve as the company’s managing broker in Minnesota.

In recent months, EXPI has made tremendous progress toward introducing its innovative, cloud-based brokerage to some of the top real estate professionals in North America. Since launching its aggressive revenue sharing program in October 2009, the company has amassed a network of more than 1,000 real estate professionals, positioning it among the top 50 real estate brokerages in the United States, according to data furnished by RISMEDIA.

Since launching its services in major markets across Texas, Louisiana and Georgia within the past 12 months, EXPI has established a position as one of the fastest growing real estate brokerages in these markets, helping the company attract the best and brightest in the real estate profession to its brokerage. With today’s announcement of the launch of eXp Realty in four new states and the District of Columbia, EXPI will look to build on this progress, developing a sizable and sustainable foothold in these markets in the months to come.

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

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