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
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
