eXp Realty Takes Agent Compensation to Next Level With REVenue Share 2.0
2024年5月2日 - 1:00AM
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 critical enhancements to its
revenue share model in North America, designed to expand earning
opportunities, increase transparency and simplify earning
calculations.
“In 2009, the real estate industry shifted when eXp first
created the Revenue Share business model,” said Glenn Sanford,
Founder, Chairman, and CEO of eXp World Holdings. “The earnings
potential and collaboration between agents that Revenue Share
created had never been experienced before and has since been
copied. Now is the right time to continue that innovation with
REVenue Share 2.0.”
The changes introduced today fall into three areas:
- Agents will have the ability to earn revenue share money faster
with the ability to immediately unlock the first three tiers of the
model, both eXpansion and eXponential shares, and those tiers will
now stay unlocked regardless of how many personally sponsored
agents join eXp. This will help agents earn more revenue share,
faster. In addition, levels 4 - 6 will be fully opened up when 5,
10, or 15 productive agents are sponsored into the company,
respectively.
- A New Fast Start Attraction bonus, starting in July, will be
paid on agents when they join the company. The Sponsoring agent can
now earn up to $4,000 (in North America) or 5% of the GCI while
capping, for an agent that they directly sponsor, for their first
year at eXp.
- The new Real-Time Revenue feature inside of My eXp will allow
agents to instantly withdraw accumulated revenue share earnings for
a nominal transaction fee for any transactions that have
closed.
eXp Realty is committed to sharing 50 percent of the company
dollar with the agents who help the company grow. In 2023 the
company shared over $197 million in revenue share to agents for
those efforts. REVenue Share 2.0 is designed to help agents make
money faster, to earn it easier and to get paid on demand.
“As always we are committed to being the most agent-centric real
estate brokerage on the planet. We are laser-focused on helping our
agents build for their futures, to be the primary beneficiaries of
the success of the eXp model,” said Sanford. “These enhancements
that are part of Revenue Share 2.0 reflect our ongoing commitment
to providing the best possible platform for real estate
professionals to thrive. By listening to our agents and adapting
our model, we are setting new standards for success.”
“eXp is committed to relentless
innovation and continual enhancement,” said Leo Pareja, CEO of eXp
Realty. “By actively incorporating feedback from our agents, we are
constantly refining our strategies to lay a solid foundation for
their long-term success, ensuring that we stay ahead in the
industry.”
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 85,000 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.
Safe Harbor Statement
The statements contained herein may include statements of future
expectations and other forward-looking statements that are based on
management’s current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in such statements. Examples of such forward-looking
statements include, but are not limited to, the future value of
financial incentive programs. Such forward-looking statements speak
only as of the date hereof, and the company undertakes no
obligation to revise or update them. Such statements are not
guarantees of future performance. Important factors that may cause
actual results to differ materially and adversely from those
expressed in forward-looking statements include changes in business
or other market conditions; the difficulty of keeping expense
growth at modest levels while increasing revenues; and other risks
detailed from time to time in the company’s Securities and Exchange
Commission filings, including but not limited to the most recently
filed Quarterly Report on Form 10-Q and Annual Report on Form
10-K.
Media Relations Contact:
eXp World Holdings, Inc.
mediarelations@expworldholdings.com
Investor Relations Contact:
Denise Garciainvestors@expworldholdings.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/68610dd7-edb8-435a-982a-c680a4c4ddfc