eXp World Holdings, Inc. (OTCQB: EXPI) is a corporation of the times and parent company to a selection of notable subsidiaries that are making a lasting impact, both commercially and socially. The most notable of these companies is eXp Realty LLC, a rapidly-growing, cloud-based brokerage with an agent base featuring more than 2,000 members.
The eXp Realty business model is a thing of beauty. The model has helped accelerate eXp Realty’s already significant growth throughout North America (since January 1, 2016, eXp Realty has added over 1,000 real estate professionals to its ranks and more than doubled its staff numbers) and led to eXp Realty being cited as a ‘brokerage of the future’ (http://nnw.fm/5t4tB).
eXp Realty runs all of its operations remotely. From agent training to lead generation, leadership meetings, exchanges of ideas and experiences, IT services and more, every aspect of the business is run through a virtual reality platform. This complete embrace of ground-breaking technology, including virtual and augmented reality advancements, has helped the company form a close-knit community of real estate professionals who serve over 40 markets across the United States and Canada.
eXp Realty does a lot of things differently. Through its 3-D, fully-immersive, cloud office environment, agents and brokers can collaborate, train and socialize anywhere and anytime. Courtesy of their around-the-clock access to this office environment, they can stay connected from the comfort of their homes or while traveling abroad and, at the same time, erase all of the expenses typically linked to owning and running a physical office. This way, brokerage members are able to increase their profit margins without spending too much out of pocket and, simultaneously, provide more cost-effective services to their customers.
On the revenue side, the eXp Realty business model goes several steps further through aggressive and profitable revenue sharing programs. It offers its members the opportunity to earn equity rewards in exchange for their contributions to the company’s growth. Plus, both eXp Realty and eXp Realty of Canada pay agents a percentage of the gross commission income earned by colleagues they bring into the company.
For more information, visit the company’s website at www.eXpWorldHoldings.com
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