The good news just keeps rolling in for eXp World Holdings,
Inc. (OTCQB: EXPI), with Q1 revenues reported last month up a handsome 106
percent year-over-year, and, now, back-to-back recognition for the company’s
primary subsidiary, eXp Realty, by the Atlanta Journal-Constitution, as well as
the number four digital draw of 2015, The Washington Post. Hailed for the
second straight year by the Top Workplaces program, the ingeniousness of eXp
Realty’s fusion of an agent-owned, full-service real estate brokerage,
empowered by a real-time cloud office virtual environment, is now really
starting to turn heads in the industry. This latest accolade is living proof of
how compelling the company’s business model is and how rewarding the value
proposition is for both agents and brokers.
The Top Workplaces program results are based on direct
feedback from workplace members and represent a high-fidelity look into the
health of eXp Realty’s thriving business culture, whose virtualized,
broker-friendly, agent-owner centricity has considerable potential when it
comes to fundamentally disrupting the real estate brokerage industry as we have
known it. Given that The Washington Post was number four last year in terms of
digital draw and recently surged to some 76 million monthly users, this kind of
exposure is precisely the kind of thing the company needs to get the word out
to a wider investing audience, especially considering how eXp Realty came in
12th out of 165 honorees in the Atlanta area and was ranked 20th best workplace
overall in Washington in a survey conducted with the help of premier employee
feedback and performance improvement solutions provider WorkplaceDynamics.
The concept of eXp Realty’s Agent-Owned Cloud Brokerage™ is
an idea whose time has come. Supercharged by an extremely aggressive revenue
sharing platform that rewards agents for new agents they bring into the
network, paying out a percentage of their colleagues’ gross commission, this
21st century brokerage platform eradicates demographic barriers and puts a
virtual cloud office into the hands of every agent. The fact that this
revolutionary, agent-centric model is backed up by a cutting-edge cloud office,
which is available around the clock in real-time, is a major reason the formula
has been successful, particularly when it comes to a happy agent force. The
company has swelled its ranks to nearly 1,300 agents in what seems like no
time, and its army now spans 38 states in the continental U.S., as well as Alberta,
Canada. This growing legion of unshackled agents continues steadily gaining
traction among the huge number of agents that make up the overall pool, largely
on the strength of its seemingly ideal and wholly-fresh approach to the space.
EXPI has even managed to branch out into the loan
origination game via its First Cloud Mortgage subsidiary, which is already
licensed in Arizona, California, and New Mexico. This bold move shows how
successful the company’s agent-owned model truly is, and it is a shrewd play by
EXPI going further into a 2016 market characterized by an increasing inflow of
international capital and moderate home price growth. If we look at the
underlying firm and office affiliations of realtors that are mapped out by the
National Association of REALTORS® 2016 NAR Member Profile, we see that just
over half are affiliated with an independent company, and around 86 percent of
all members profiled were independent contractors.
Hopefully, savvy investors can appreciate what EXPI is doing
here, spreading a viral model that empowers agents logistically and financially
within an environment where localization is key. This distributed approach not
only makes the agents happier, but it allows the entire network to flex
dynamically, responding as regional markets ebb and flow. This makes sense for
agent and broker alike, constituting a supreme value proposition in either
case.
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
