eXp Realty Pays More Than $230 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2023
11 Março 2024 - 4:56PM
eXp Realty®, “the most agent-centric real estate brokerage on the
planet™” and the core subsidiary of eXp World Holdings, Inc.
(Nasdaq: EXPI), today announced its 2023 revenue share and agent
equity distribution statistics, underscoring its competitive
compensation framework as a catalyst for ongoing agent expansion.
The company paid agents and brokers over $230 million in revenue
share and equity benefits in 2023.
Revenue share and equity paid to agents and brokers highlight
eXp Realty's steadfast dedication to fostering agent growth and
success through innovative compensation structures:
- Revenue share to agents was $197.9 million in 2023.
- Through its innovative agent growth incentive program, eXp
World Holdings issued approximately 2.22 million EXPI shares to eXp
Realty agents and brokers in 2023, with an estimated value of
approximately $34.7 million, showcasing a commitment to agent
ownership and wealth-building opportunities.
- Despite market challenges, eXp Realty continued to lead by
distributing an unparalleled amount of profit/revenue share and
equity benefits to agents and brokers, more than any other real
estate brokerage model or platform.
"Our mission is simple: empower agents to succeed and solve
their biggest pain points,” said Glenn Sanford, Founder, and CEO of
eXp Realty. “Before we created this company, real estate agents
were not offered any meaningful ownership in the brokerages they
were part of, so we built eXp to compensate our agents for their
contributions to our growth. We're not just a brokerage, we're a
community of forward-thinkers committed to shared growth
opportunities. Despite market challenges, our resilient model
continues to thrive, proving that when our agents succeed, we all
do."
Sanford further added, "Our unique approach to agent
compensation and equity ownership is a testament to our belief in
shared success. As we continue to build in the evolving real estate
landscape, our focus remains on empowering agents, fostering their
growth, and ensuring they have a significant stake in the
collective success of our company."
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 largest independent real estate company in the
world with more than 86,000 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, Germany, Dominican Republic, Greece, New
Zealand, Chile, Poland and Dubai 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. These statements include, but are not
limited to, statements about financial performance. Such
forward-looking statements speak only as of the date hereof, and
the Company undertakes no obligation to revise or update them. 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; outcomes of
ongoing litigation; 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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/690a9ad4-c310-4335-b957-1ec1a54e6117
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