Agent-Owned Brokerage Continues Rapid Growth
eXp Realty is a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment.
BELLINGHAM, WA – May 13, 2015 – eXp Realty International Corporation (OTCQB:EXPI), the Agent-Owned Cloud Brokerage™, today announced the year-to-date growth of its family of agent owners and entrepreneurial professionals has surpassed 27%. The Company realized a gain in real estate agent count of nearly 50% through all of 2014 closing the year with 467 agents. Earlier this week the Company reached another milestone with the addition of its 600th agent to the organization. This news comes on the heels of the Company’s April 23rd announcement that Gene Frederick was joining eXp in Austin, Texas.
“We are pleased to update shareholders today on the significant progress of the Company’s ongoing expansion efforts which continues and presently our growth in 2015 is accelerating and is faster than in previous periods,” stated Glenn Sanford, CEO of eXp Realty. “We believe the nature of our infrastructure, driven by our previously announced Agent-Ownership initiatives, is uniquely constructing an agent attraction and retention program which grows in tandem with our fundamentals. We look forward to continuing that process and we appreciate the overwhelming support and interest shown in the Company since launching our investor awareness initiatives earlier this year.”
eXp Realty also recently expanded operations to include Nashville and Knoxville, Tennessee; Lafayette, Louisiana; Asheville, North Carolina; and, Austin, Texas.
“With all of the additional agents and brokers joining eXp Realty we are proud of our talented and dedicated staff who have risen to the challenge of managing the increasing workloads of a fast-growing company,” stated Jason Gesing, eXp Realty President. “In the past few weeks we have begun to increase staffing in Agent Services, Technology Support and Transaction Support, continuing to leverage technology to avoid redundancies in cost while delivering an interpersonal and engaging experience for our agents and brokers in support of their business objectives.”
About eXp Realty International Corporation
eXp Realty is a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. This effectively reduces agents’ overhead, increases their profits, and provides greater service value to consumers.
As a publicly-traded company, eXp uniquely offers agents and brokers the opportunity to earn equity awards for production and contributions to company growth. The company also features an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow professionals who they attract into the Company.
From its inception, eXp Realty has been engaged in the marketing and sale of residential real estate with the goal of being the first truly cloud-based, full-service, global real estate brokerage company, delivering around-the-clock access to collaborative tools and professional development for managing real estate brokers and agents. The business model was created to increase brokers’ and agents’ listings and sales, while reducing their overhead and capital requirements. eXp can now be found in approximately 30 states and parts of Canada.
For more information, visit:www.exprealty.com or investors.exprealty.com
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The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the Company’s expansion, revenue growth, operating results, financial performance and net income changes. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K.
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