MissionIR today announces the online availability of its
interview with Glenn Sanford, CEO and founder of eXp Realty International Corp.
(OTCQB: EXPI), which, as previously announced, is changing its name to eXp
World Holdings, Inc. to reflect its achievements and growth initiatives
discussed in the interview. The interview can be heard at
http://www.QualityStocks.net/interview-expi.php.
EXPI is the holding company for several businesses,
including eXp Realty LLC, the Agent-Owned Cloud Brokerage™, a full-service real
estate brokerage utilizing a 3D, fully immersive, cloud office environment that
provides around-the-clock access to collaborative tools, training, and
socialization for real estate brokers and agents.
Sanford begins the interview with further insight into this
structure, the company’s broader business strategy in the residential real
estate space, and its growing presence in 35 U.S. states and two Canadian
provinces.
Much of this growth is largely attributed to the company’s
revenue sharing program and innovative virtual platform, which replaces the
need for a traditional real estate office. By reducing its bricks and mortar
footprint, EXPI is able to share its revenues with agents and brokers who
contribute to corporate growth.
As of March 31, 2016, EXPI had grown its agent base to more
than 1,100 members, representing 100% agent growth in a single year, along with
correlating revenue and cash flow.
“Agents and brokers have a great split, because obviously we
don’t have the overhead. But we also pass on the different initiatives –
revenue share being one of them, and the other one being a stock ownership
initiative … that’s really created a big catalyst for growth,” says Sanford.
Another stimulant for EXPI’s growth is a strong management
team. Sanford first describes his extensive background as a long-time
entrepreneur before describing the skills and experience of several other
powerhouse members of the company’s leadership.
After recapping several of EXPI’s 2015 milestones, Sanford
wraps up the interview by discussing the company’s goals for 2016.
“The biggest goal is just really to build infrastructure to
support the growth … that’s a lot of people to assimilate in the organization
and make part of the culture of the organization, and then all the tools and
systems that need to be in place to support all of them,” he says. “If we keep
on doing what we’re doing … we should easily end up in excess of 1,800, maybe
2,000 agents this year … if we hit those numbers then we really, in 2017, should
be in the 3,500 agent range. If you work that into the revenue side of it …
this year we should do in excess of $40 million in revenue … so we’re really
excited about the growth.”
For more information, visit the company’s website at
http://investors.exprealty.com
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