Agent-owned cloud brokerage firm eXp World Holdings, Inc.
(OTCQB: EXPI) builds shareholder value by leveraging the use of cloud
technology in one of the most entrenched industries of our age. The company’s
business model understands that buyers and sellers of real estate have at their
disposal more knowledge than they’ve ever had before. With the internet making
the information gap narrower than it has ever been, the reality is, the buying
and selling process makes the shortlist as one of the most emotionally charged
events a person will engage in their lifetime. EXPI is on a mission to turn all
of this on its head.
Offering the real estate professional a way to chart their
own course and revolutionize their impact on the marketplace, eXp’s family of
agents and brokers are literally afforded a way to build their own businesses.
Working within a Cloud Office Environment, agents attend classes, collaborate,
strategize, innovate, build teams and share experiences. In a more granular
sense, the concept enables agents to leverage company systems and tools to grow
within an agent/broker-owned, publicly-traded company. Further, it is worth
noting that eXp World Holdings, Inc. also offers its professionals the
opportunity to earn equity awards for production and contributions to overall
company growth.
eXp World Holdings is poised to take advantage of a
resurgence in the residential housing market. The company’s Agent-Owned Cloud
Brokerage is becoming increasingly popular among realtors, as seen through its
increasing rank and file numbers. Toward the end of Q1 2016, the company’s
agent number grew by over 10 percent – eclipsing 1,100. This is the fastest
rate ever, according to CEO Glen Sanford. In 2015, the company reported 3,667
transactions valued close to $890 million. The company looks forward to that
figure reaching $1.5 billion this year. Revenues in 2015 were $22.87 million
with gross profit of $3.41 million.
eXp World Holdings, Inc. provides cloud-based real estate
brokerage services for residential real estate markets in the U.S. and Canada.
The company enables buyers to search real-time property listings and sellers to
list their properties through its website. The site offers buyers and sellers
access to a network of professional agents and brokers while offering access to
collaborative tools and training services for real estate brokers and agents.
The company was founded in 2008 and is headquartered in Bellingham, Washington.
For more information, visit the company’s website at http://investors.exprealty.com
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