Earlier
today, eXp World Holdings, Inc. (OTCQB: EXPI), through wholly-owned subsidiary
eXp Realty, announced a partnership with New Story, a charitable organization
focused on constructing homes in Haiti and other impoverished areas. Originally
highlighted last Friday as part of the company’s third annual convention in San
Antonio, Texas, the partnership entailed a challenge for eXp Realty’s agents
and brokers to raise $18,000 in order to fund three new homes in Haiti and aid
in the ongoing relief of damage caused by both the 2010 earthquake, which
claimed nearly 300,000 lives, and Hurricane Matthew, which struck the island
nation just last week. According to today’s update, EXPI’s challenge was met
within three hours of the announcement, and the company’s agents and brokers
have since raised more than $35,000 to fund additional relief projects.
“We
are honored and deeply grateful to the eXp Realty community, whose members have
immediately demonstrated a great generosity of resources and spirit to help
families in need,” Brett Hagler, chief executive officer of New Story, stated
in today’s news release. “eXp Realty agents understand that talent is universal
but that opportunity is not and they recognize that a home provides the
foundation for family, for safety, and for the creation and pursuit of
opportunity.”
New
Story’s infrastructure costs and salaries are underwritten in full by private
partners, allowing the organization to allocate 100 percent of donations
directly to people in need. As an added layer of contribution, New Story
employs local workers and resources when constructing these homes, providing
additional opportunities to residents of the impoverished areas.
To
date, New Story has constructed hundreds of homes in Haiti by leveraging a
cost-effective building plan that can be completed for roughly $6,000. Despite
the low cost, these structures have shown to be extremely resilient. According
to New Story, all of the dwellings weathered the impact of Hurricane Matthew
without significant damage.
For
eXp Realty, the decision to partner with New Story came as the result of a
demand among its agents and brokers “to identify and serve a greater purpose as
a central component of their businesses,” according to CEO Jason Gesing. The
company has been experiencing rapid growth as of late, most recently through
its August expansion into the State of Alaska. In total, eXp Realty is
currently operational in 41 states; Alberta, Canada; and the District of
Columbia, and its family of agents and brokers now includes more than 1,800
members.
For
more information, visit the company’s website at www.eXpWorldHoldings.com
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