Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI)
announced that its subsidiary, eXp Realty, has been listed among the best
places to work by The Washington Post and the Atlanta Journal-Constitution. The
award marks the second consecutive year in which eXp Realty has been recognized
as one of the best places to work in Atlanta, where it placed 12th out of 165
honorees. In Washington, eXp Realty was listed in the top 20 based on surveys
conducted by both the Post and its partner, Workplace Dynamics.
“This is a tremendous honor for the agent-owners who are on
our team,” David Harbour, leader of eXp Realty’s Washington, DC, metro region,
stated in today’s news release. “This award speaks to the collaborative,
engaging and rewarding environment of our company, not just here but in and
across all eXp markets.”
EXPI’s continued success in offering an exceptional work
environment for its agent-owners is particularly noteworthy following the
company’s recent expansion efforts. Last month, EXPI announced that its real
estate brokerage division had commenced operations in four new states, as well
as the District of Columbia. In total, eXp Realty currently boasts a network of
more than 1,240 real estate professionals across 38 states and Alberta, Canada.
Ian Marshall, managing broker of eXp Realty in Atlanta, highlighted this growth
in today’s news release.
“In the past two and one-half years we have introduced a new
company, concept and brand into the Atlanta market; have added more than 100
real estate professionals to our team; and, are closing in on 1,000 homes
sold,” Marshall stated. “eXp Realty agent-owners encourage and support the
achievements of their fellow shareholders, not just in Georgia but across all
eXp markets in the United States and Canada, and the achievements of the
Company.”
For months, EXPI has operated with the goal of creating a
value proposition that’s so lucrative that it would be ‘irresponsible for an
agent and broker to hang their license anywhere else’, and the resulting
agent/owner business model has proven to be a hit in markets around North
America. In the first quarter of 2016, the company successfully leveraged a
growing network of real estate professionals to achieve year-over-year revenue
growth in excess of 100 percent. For the three month period, EXPI’s revenues
totaled $7.1 million, up 107 percent from $3.4 million the previous year. This
increase directly correlated with the company’s 106 percent increase in agent
count over the first quarter of 2015.
The Agent-Owned Cloud Brokerage™ comes complete with a
number of collaborative tools, training and socialization features designed to
help brokers and agents maximize their positions in real estate markets around
the continent. When combined with an aggressive revenue sharing program that
offers brokers a percentage of the gross commission income earned by fellow
real estate professionals they attract to the company, it’s clear to see why eXp
Realty was ranked as a top workplace in Atlanta and Washington, DC, and similar
recognition in other major markets could be on the horizon.
For more information, visit the company’s website at
http://investors.exprealty.com
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