eXp Realty®, the fastest-growing global real estate tech brokerage
and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI),
concluded its 12th annual EXPCON event in Las Vegas last week.
This premier industry event was held in person with more than 8,500
attendees, over 3,000 which joined virtually.
"This was our largest EXPCON ever and we had the best lineup of
speakers and influencers in the industry," said Glenn Sanford, eXp
World Holdings Founder, Chairman and CEO. "Our agents, brokers and
staff all learned and networked for three days and it was an
over-the-top feeling to be together again after two years."
Tennis great, author and fashion designer Venus Williams kicked
off Wednesday’s general session in a fireside chat with
top-producing eXp agent Veronica Figueroa about goal-setting and
perseverance.
Alongside Sanford, Glenn Stearns, Founder and CEO of Kind
Lending and star and executive producer of Discovery Channel’s
“Undercover Billionaire,” shared the vision for SUCCESS® Lending to
connect expert loan officers and top eXp agents to improve the
overall homebuying experience. Grant Cardone, a New York Times
best-selling author, motivational speaker and a star on “Undercover
Billionaire” as well, wrapped up EXPCON with a fireside chat
inspired by his brand,10X.
Over the course of EXPCON’s multi-day conference, company
leaders also shared growth insights and guests learned from
top-producing eXp Realty agents and influencers about best
practices and agent-centric initiatives such as eXp Partners and
ONE eXp.
Driving Results and Agent Growth
General session topics included a review of eXp’s record year of
financial results and agent growth, including the amount of revenue
share earned by eXp agents in Q3 2021 and year-to-date. eXp agents
made $48.7 million in revenue share in Q3 2021, which is a 72%
increase over Q3 2020. Year-to-date, which is taking into account
the first nine months of 2021, agents made $124.3 million in
revenue share compared to 2020, an increase of 90%.
"Our strong results in the U.S. housing market, coupled with our
well-received global expansion and growing eXp Commercial business
have all helped to drive these numbers,” said Jason Gesing, eXp
Realty CEO. “This growth is tied back to our deep commitment to
continually give back and provide significant value to our
agents.
“Industry leading real estate professionals, fueled with
technology, personal and professional development resources, is an
innovative growth model and why we are the fastest-growing virtual
brokerage in the world.”
Powering a Virtual Workplace
EXPCON 2021 events were live-streamed and recorded in eXp’s
metaverse, eXp World, created by Virbela to power virtual reality
workplace collaboration. Alex Howland, president of Virbela,
developed the virtual 3D platform specifically to solve the
challenges of remote collaboration, connecting global communities
and delivering operational efficiencies for eXp.
"We have been operating in a virtual world since 2012," said
Howland. "It is great to see VR technology becoming more
ubiquitous. The freedom and efficiency that Virbela provides is a
game-changer for growth. Progress is seeing other big industries
getting on board with the future of work and collaboration."
Expanding SUCCESS
Additional announcements at EXPCON include: the launch of
SUCCESS® Coaching — a customized program to fit an individual's or
group's development needs, SUCCESS® Space™ — a retail-based cowork
business concept and SUCCESS Lending, a new residential lending
platform established in July 2021 as a joint venture (“JV”) between
eXp World Holdings and Kind Lending. Shaun Patrickus, a longtime
mortgage and insurance executive, was named president of SUCCESS®
Lending, which plans to begin its operations in three states:
Colorado, Illinois and Tennessee.
The next in-person eXp event will be the eXp World Holdings
Shareholder Summit, which will take place June 18-20, 2022 in
Orlando, Florida.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company
for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the fastest-growing real estate tech company in
the world with more than 68,000 agents in the United States,
Canada, the United Kingdom, Australia, South Africa, India, Mexico,
Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia,
Spain, Israel, Panama and Germany, and continues to scale
internationally. As a publicly traded company, eXp World Holdings
provides real estate professionals the unique opportunity to earn
equity awards for production goals and contributions to overall
company growth. eXp World Holdings and its businesses offer a full
suite of brokerage and real estate tech solutions, including its
innovative residential and commercial brokerage model, professional
services, collaborative tools and personal development. The
cloud-based brokerage is powered by Virbela, an immersive 3D
platform that is deeply social and collaborative, enabling agents
to be more connected and productive. SUCCESS Enterprises, anchored
by SUCCESS magazine and its related media properties, was
established in 1897 and is a leading personal and professional
development brand and publication.
For more information,
visit https://expworldholdings.com.
Safe Harbor Statement
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 continued growth of our
agent and broker base; expansion of our residential real estate
brokerage business into foreign markets; demand for remote working
and distance learning solutions and virtual events; development of
our commercial brokerage and our ability to attract commercial real
estate brokers; and revenue growth and financial performance. 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 Quarterly Report on Form
10-Q and Annual Report on Form 10-K.
Media Relations Contact:eXp World Holdings,
Inc.mediarelations@expworldholdings.com
Investor Relations Contact:MZ Group – MZ North
Americainvestors@expworldholdings.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d8d1c51b-e3db-42f6-87ab-0be5f6efd0e2
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