India July, 2021 — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies in the world, today announced it has exceeded 60,000 agents globally. This represents a year-over-year increase of 85% when compared to 32,403 agents in July 2020.
“Our growth is a direct result of our agent-centric value proposition and our commitment to providing the best possible resources for our agents to succeed,” said Jason Gesing, CEO of eXp Realty. “Agents are immersed in our innovative, cloud-based model that provides clear financial incentives and unrivalled technology and training. Starting the second half of 2021 with over 60,000 agents sets a strong foundation for continued growth.”
In 2021, eXp Realty expanded into eight new international locations, including Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel and Panama. Additionally, for the fourth consecutive year, agents and employees named eXp Realty a Best Place to Work in Glassdoor’s 2021 Employees’ Choice Awards among U.S. large businesses.
In India, eXp welcomed many agent teams in the last few months. V Sridhar and his team of more than 70 agents joined eXp India in May 2021. Sridhar has worked in the real estate industry for more than 20 years. As a digital real estate specialist and coach, he has trained more than 35,000 real estate agents.
Shashank Vashishtha, Executive Director, eXp India, adds “India is a dynamic market that has shown great potential. In a span of 8 months ,we have successfully onboarded over 750+ real estate agents and through them listed over a 1000 properties. Our agents in India have embraced and adapted the eXp model effortlessly and have shown great appreciation for our innovative and interactive method of working. I am very excited to see this growth in India and hope to offer excellent services for our agents and customers while building a successful model across the country.
About eXP Realty India – eXp India was launched in November 2020 and has quickly scaled to over 150 agents on their platform within 100 days. The company’s immersive-cloud-based model is already revolutionizing the real estate landscape in India. Their next-generation offerings of cloud-based marketing resources have extreme relevance now more than ever, during this current COVID crisis. With their virtual model, they are working towards keeping all agents safe while empowering them and their surrounding communities with financial independence. The vaccine cover is another step that they are taking to show their agents their support during these difficult times.
About eXp World Holdings, Inc.eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela, Showcase IDX and SUCCESS Enterprises. eXp. World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 60,000 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 and Panama, 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 an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive.
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 economic and social effects of the COVID-19 pandemic; 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 new 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.