eXp World Holdings have announced the company has exceeded 40,000 agents globally.
This represents a year-over-year increase of 60 per cent when compared to 25,000 agents at this same time last year.
Publicly traded eXp World Holdings and its global brokerage, eXp Realty, has been pursuing an aggressive growth strategy around the world with a presence in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, and Portugal.
The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive.
The company has reported a record third quarter of 2020 with revenues increasing 100 per cent year-over-year to a record $564 million, which drove record net income of $14.9 million.
“Our record-breaking financial results and solid growth trajectory are a testament to our agent-first model and innovative cloud-based platform,” said eXp Realty CEO Jason Gesing.
“Our clear financial incentives continue to drive successful agents to our platform, as we added more agents than ever before in the third quarter.
“As we look ahead to 2021, we expect to continue adding agents at a rapid pace and growing our overall residential real estate business, both domestically and abroad.”
eXp’s expansion into the commercial real estate space, with eXp Commercial, has also added to the company’s strong growth.
Additionally, in 2020, eXp World Holdings made two purchases to help with future growth: It purchased Showcase IDX, and SUCCESS Enterprises, a personal and professional development media company.
“The synchronicity of these businesses coupled with our agent growth puts us in an exceptionally strong position headed into 2021,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings.
