BELLINGHAM, Wash., Jan. 18, 2019 (GLOBE NEWSWIRE) -- eXp Realty, the first, cloud-based real estate brokerage and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), today announced that it surpassed 16,000 agents and brokers in North America, which represents an increase of more than 145 percent since the same time last year.
“We continue to innovate and change the industry, and we’re fortunate that so many agents want to be a part of it. Our business model offers a value to agents that isn’t available anywhere else,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. “This is particularly awesome because when we started the agent equity award program, the ceiling was 16,000 agents and now we are breaking it. Our new sustainable equity plan allows agents to continue to receive equity in the company while securing eXp’s place in history.”
The milestone of 16,000 agents was the initial target company leadership used in 2013 when setting up the first equity incentives for agents. The Sustainable Equity Plan goes into effect immediately and provides a similar dollar value in equity today as the former plan. Under the new plan, agent incentives will be paid as a dollar value of shares, rather than a stair-stepped number of shares for achieving stated goals on a go forward basis.
About eXp Realty
eXp Realty is an eXp World Holdings, Inc. (NASDAQ: EXPI) company. eXp World Holdings also houses eXp World Technologies, LLC, which operates the VirBELA platform.
eXp Realty is the first, cloud-based real estate brokerage, the largest residential real estate brokerage by geography in North America, and the first and only real estate brokerage to operate as one company-owned brokerage in all 50 U.S. states. It is one of the fastest growing real estate brokerage firms in North America with more than 16,000 agents across 50 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.
VirBELA offers a modern, cloud-based environment focused on education and team development with clients in various industries from government to retail. VirBELA developed eXp Realty’s current cloud campus, which provides 24/7 access to collaborative tools, training and socialization for the company’s agents and staff.
For more information, please visit the company’s website at www.eXpRealty.com.
Connect with eXp Realty and eXp World Holdings:
Media Relations Contact: Cynthia Nowak Vice president of marketing and communications, eXp Realty 360.419.5285 ext. 116 Investor Relations Contact: Greg Falesnik Managing director, MZ Group – MZ North America 949.385.6449