Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI) announced the addition of Eric Burch, principal of the independent brokerage Burch & Co. Real Estate, to the Agent-Owned Cloud Brokerage®. As part of this move, Burch transitioned his entire team of 17 agents and brokers, which was ranked the number one team in Northeast Arkansas in 2015 in terms of transaction volume, to eXp Realty. With this announcement, eXp Realty has now added three leading real estate teams from markets across the country over the past two weeks.
“Burch & Co. is our heart, our baby,” Eric Burch stated in this morning’s news release. “We wouldn’t be making the transition if we didn’t firmly believe that eXp represents the very best option for us as a team and as individual real estate professionals. With eXp, we can provide better service to our clients and, importantly, the opportunity for true ownership to our agents.”
Burch was formally introduced to the eXp Realty community during the company’s weekly leadership meeting this morning. To view these meetings, visit the company’s YouTube channel at www.youtube.com/user/eXpRealty.
eXp Realty has been in a period of rapid growth since the beginning of 2016, expanding its family of agents and brokers by more than 120 percent since January 1. Earlier this month, the company added its 1,900th agent, and management has already set its sights on a goal of 2,200 agents by the end of this year. Through the recent additions of top real estate teams such as Sacramento’s Brent Gove team and Darren James Real Estate Experts of Baton Rouge, as well as Miguel Herrera – the top international luxury agent in all of South Texas, eXp Realty is demonstrating that the value proposition presented by the Agent-Owned Cloud Brokerage® is unmatched in the industry.
“eXp provides top teams and brokerage owners with the opportunity to expand into new markets without additional capital requirements and an agent experience for their members that is collaborative, interpersonal and enriching,” Vikki Bartholomae, president of eXp Realty, stated in the news release. “We welcome Eric and his team to Agent Ownership and look forward to extending that same opportunity to other entrepreneurial brokerage owners, agents, and teams of agents in all markets.”
Since its launch in October 2009, eXp Realty has leveraged an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals whom they attract into the company. In 2013, EXPI transitioned into being a public company before implementing an innovative equity sharing initiative the next year. When combined with the company’s collaborative training tools and immersive, 3-D cloud office environment, this equity sharing model has proven extremely successful, as eXp Realty’s rates of growth and agent retention have greatly accelerated in recent years.
For more information, visit the company’s website at www.eXpWorldHoldings.com
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