EXp Realty Plans to Expand Its Real Estate Operations into Colombia, Spain and Israel
March 17, 2021 at 09:00 am EDT
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eXp Realty, a subsidiary of eXp World Holdings, Inc. announced plans to expand its real estate operations into Colombia, Spain and Israel in the second quarter of 2021. The announcement comes after successful launches in Puerto Rico and Brazil in the first months of 2021, with Italy and Hong Kong slated to open later in March. In 2020, eXp launched operations in South Africa, India, Mexico, France and Portugal. By the end of the second quarter, eXp Realty will have a presence in 16 countries, including its headquarters in the United States. Throughout the past year, eXp continued to gain global market share by growing its agent base by more than 60%. Today, the eXp Realty platform has more than 48,000 agents across its international locations. As part of the expansion into the new markets, the company will hire experienced leaders in each country to head up local teams who will be responsible for agent operations and services. eXp Realty offers a unique financial model for residential and commercial real estate agents. It goes beyond attractive commissions to provide its agents with an opportunity to earn additional income by helping to grow the company’s agent base globally and earn equity in eXp World Holdings, Inc. stock programs through listing and selling activities. eXp’s cloud-based brokerage is powered by Virbela, the company’s immersive and collaborative platform, which enables its agents to communicate, meet and conduct business in a virtual world.
eXp World Holdings, Inc. is the holding company for eXp Realty, LLC (eXp Realty), Virbela and SUCCESS Enterprises LLC (SUCCESS Enterprises). The Company owns and operates a diversified portfolio of service-based businesses utilizing its enabling technology platform. The Company operates through four segments: North American Realty, International Realty, Virbela and Other Affiliated Services. Its North American Realty segment includes real estate brokerage operations in the United States and Canada, as well as lead-generation and other real estate support services provided in North America. Its International Realty segment includes real estate brokerage operations in all other international locations. Its Virbela segment includes Virbela enterprise metaverse technology and the support services offered by eXp World Technologies, LLC (eXp World Technologies). The Companyâ Other Affiliated Services segment includes its SUCCESS Magazine and other smaller ventures.