eXp Realty Exceeds 1,000-Agent Milestone in South Africa
10 Agosto 2023 - 12:06PM
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 it has exceeded 1,000 agents across
South Africa, representing an over 74% increase from the 574 total
agent count in July 2022.
“This is a proud moment for eXp Realty South Africa as we reach
such a huge milestone,” said Michael Valdes, Chief Growth Officer,
eXp Realty. “Our attractive and continuously evolving agent-centric
value proposition continues to resonate with agents from around the
world and we are so thrilled to be home to over 1,000 real estate
professionals in South Africa!”
According to Andrew Thompson, Director and Country Leader of eXp
Realty South Africa, eXp South Africa has had more transactions in
the first six months of this year compared to last year. “eXp South
Africa has realized a cash-flow positive, debt-free and profitable
operation in its first 15 months since receiving its license via
the Property Practitioners Regulatory Authority back in December
2020,” said Thompson.
“Since its inception, eXp has remained committed to putting
agents first to equip them with the knowledge and tools necessary
to reach their full potential. I am so proud to be able to lead
such an incredible group of agents through this expansion and
beyond,” he added.
eXp South Africa is proudly committed to serving the community,
having recently donated R350,000 to Dr. Imtiaz Sooliman of Gift of
the Givers to support local and international communities.
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:
eXp World Holdings, Inc.
mediarelations@expworldholdings.com
Investor Relations Contact:
Denise Garcia
investors@expworldholdings.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0f5cf167-2910-43fd-8a41-dfc00358fa16
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