eXp Realty started off 2021 with 41,313 real estate agents and now, nine months later, eXp has added 23,687 agents — a whopping 57% increase in its worldwide agent count to reach 65,000 agents worldwide.
“From the start, we focused on rewarding agents for their hard work and dedication in serving sellers and buyers,” said Jason Gesing, CEO, eXp Realty. “That’s why our stock awards program is so attractive; it gives our agents important ownership in eXp. Additionally, our model does not depend on brick-and-mortar offices and is not limited by boundaries and that is of great appeal to many agents who feel hemmed in by the traditional real estate brokerage.”
eXp’s Attractive Value Proposition
eXp’s value proposition is undeniably attractive and is the reason for eXp’s spectacular growth because it puts agents first. Here’s a glimpse:
Commission structure: eXp has a generous financial model, which includes an attractive commission structure (80/20 split with a $16,000 cap. After capping, it’s 100% commission).
Revenue share program: eXp offers a revenue share program, which is far superior to a profit share program.
Stock awards: eXp agents can earn stock in a variety of ways.
Technology platform: eXp’s innovative cloud-based technology allows agents and staff to work from anywhere. But most importantly, eXp’s online world is highly collaborative where agents share leads and best practices with other agents.
eXp continues to experience double-digit growth year-over-year while other national brokerages are realizing only single-digit agent growth — or even losing agents.
eXp Continues Its International Expansion
In addition to eXp’s headquarters in the United States, the brokerage has an international presence in 17 other countries and locations, including Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany.
eXp also launched eXp Commercial last year, where plans call for commercial operations in all 50 states by the end of the year. eXp’s Commercial platform offers agents the same attractive generous commission and capping model, a revenue-share program and stock option opportunities.