Qualifying independent teams and brokerages to receive financial incentives when joining eXp Realty
BELLINGHAM, Wash. — June 29, 2023 — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the launch of its Boost program, designed to financially incentivize qualifying independent teams and brokerages to join eXp Realty.
As part of this program, eXp Realty will provide financial incentives to independent teams and brokerages that are culturally aligned, have more than 50 agents and a minimum of $100 million (US/CAN) in sales volume in the originating country over the previous 12-month fiscal period. International qualifications to be released. Additional qualifications apply. Cannot be affiliated with any non-independent franchise.
“We’re laser-focused on attracting and retaining the best agents in the business,” said Glenn Sanford, founder and CEO of eXp Realty. “Boost aligns the interests of independent teams and brokerages with eXp Realty through a shared commitment to our values, culture and growth goals. Our platform is designed to help individual agents and teams thrive. We understand the pressures that down markets place on independent teams and brokerages, and this program is intended to alleviate that stress and streamline the transition process.”
To ease any potential financial barriers to entry, Boost provides an incentive model that simplifies a move to eXp Realty. Once onboarded, the new brokerage can immediately begin reaping the benefits of joining eXp Realty, including stock equity, no overhead costs, no brokerage risk or liability, brokerage support and operations, agent support and services, revenue share opportunities and much more.
“eXp Realty is here to help you boost your business with financial incentives while transitioning to our ecosystem,” explained Michael Valdes, Chief Growth Officer, eXp Realty. “Our aligned compensation model, where agents are rewarded for both production and contributions to eXp’s growth, brings more value than ever before.”
Leo Pareja, eXp Realty Chief Strategy Officer, continued, “We are always challenging the status quo, especially when it comes to how we support our agents. Our commitment to providing our agents and brokers with a unique and empowering cloud-based platform has been central to our continued growth. We continue to experience a shift in the market and our goal is to grow together with independent teams and brokerages interested in joining us.”
eXp Realty reserves the right, in its sole discretion, to determine which qualifying independent teams and brokerages and the financial incentives that it will select and approve.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the largest independent real estate company in the world with more than 88,000 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, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai 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 Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.
For more information, visit https://expworldholdings.com.
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