eXp Realty Supercharges Agent Earning Potential
07 Setembro 2023 - 2:00PM
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 the launch of Accelerate – an
incentive program focused solely on helping eXp agents build for
their future by maximizing their revenue share earning potential
during their first year with the company.
“In the lifespan of an agent, a critical component of long-term
success is the ability to build for their retirement, so we
launched Accelerate to help catalyze their potential earnings and
create momentum in the first year and build for their future,” said
Glenn Sanford, Founder and CEO of eXp Realty. “We continue to be
relentlessly focused on delivering a model that puts agents first.
I couldn’t be more proud of what we have created, especially for
those looking to build long-term wealth, with our revenue share and
equity programs for agents, as well as a favorable cap and split
model.”
Accelerate, which is available in all 24 countries where eXp
Realty operates, applies to agents who joined on or after March 1,
2023. The program automatically opens revenue share tiers 2 and 3
for 12 months beginning Sept. 7, 2023, creating the opportunity to
have 10 front line qualifying agents (FLQA) immediately. This can
open up the eXponential components of eXp’s revenue share program
in that first year. After the 12-month period, standard revenue
share criteria will apply.
“Accelerate was designed to reduce barriers and incentivize
agents to grow their organizations," said Michael Valdes, Chief
Growth Officer, eXp Realty. “It enables them to focus on selling
and growing their businesses while earning the maximum potential
revenue share for tiers two and three for the first year. Our
aligned compensation model, where agents are rewarded for both
production and contributions to eXp’s growth, brings more value
than ever before.”
This launch comes on the heels of the company’s June
announcement that, for the first time, was refining revenue share
criteria for its agents, reducing the current FLQA tier 7 threshold
from 40 to 30 FLQA. As part of its efforts to continually enhance
its model, the company also launched Boost, a program designed to
financially incentivize qualifying independent teams and brokerages
to join eXp Realty.
Revenue share is just 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.
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/04ad7948-9819-48ea-92e3-6e0804785bab
eXp World (NASDAQ:EXPI)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
eXp World (NASDAQ:EXPI)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024