eXp Realty Accelerates Agent Rewards by Reducing Revenue Share Criteria
30 Junho 2023 - 10:00AM
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 that for the first time, it is
refining revenue share criteria for its agents.
eXp Realty is reducing its current Frontline Qualifying Agent
(FLQA) tier 7 threshold from 40 to 30 FLQA. Revenue share is one
part of eXp Realty’s aligned compensation model, which also
includes competitive commissions and stock equity programs designed
to enable its agents to build for their future.
“At a time when other companies are increasing their rev share
thresholds or imposing new fees, eXp Realty is the only brokerage
lowering revenue share criteria for agents, fueling exponential
opportunities for them to build their legacies,” said Glenn
Sanford, founder and CEO of eXp Realty. “Revenue share is an
important income opportunity for agents, so this change is a
testament to the singular agent-centric focus we were built on. We
believe in our aligned compensation model, which was created to
reward agents for both production and contributions to eXp Realty's
growth.”
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 88,000 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. 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; 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:Jennifer ZimmermaneXp
World Holdings, Inc.mediarelations@expworldholdings.com
Investor Relations Contact:Denise Garcia,
Managing PartnerHayflower
Partnersinvestors@expworldholdings.com
A photo accompanying this announcement is available
at:https://www.globenewswire.com/NewsRoom/AttachmentNg/97feca0c-971e-4e06-96a8-fe4517a25c87
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