eXp Realty opens a brokerage agency

BELLINGHAM, Wash., May 09, 2022 (GLOBE NEWSWIRE) — eXp Real Estate®, the fastest growing global real estate brokerage and principal subsidiary of eXp World Holdings, Inc. (EXPI), has expanded into New Zealand. eXp Realty now operates in 21 markets with over 80,000 agents worldwide.

“Our launch in New Zealand further strengthens eXp’s position in the Asia Pacific region by complementing our existing operations in Australia, India and Hong Kong,” said Michael Valdes, President of eXp Global. “Leveraging its close ties to Australia, New Zealand’s economy benefits from a property market with healthy demand and a technology-driven culture that adapts very well to advancements in the industry. We are excited to empower New Zealand agents to succeed through our unique model. »

eXp’s property brokerage operations in New Zealand will be led by Maria Stephens, who brings over a dozen years of market experience. Stephens has worked as both an agent and senior branch manager, and is proud to give back to her community.

“As a business built by agents, for agents, eXp’s unique value proposition will drive significant change for real estate in New Zealand,” says Stephens. “With a highly competitive model, eXp offers our real estate community the opportunity to be part of a global powerhouse, with innovative tools, training, and the freedom to effectively build a team and business.”

eXp Realty’s agile cloud-based work platform has allowed it to expand rapidly across the globe. New Zealand marks the third market to open in 2022, following the Dominican Republic and Greece earlier this year.

eXp Realty’s financial model for residential and commercial real estate agents offers an attractive commission structure, including a revenue-sharing model, which attracts top agents from around the world. Additionally, agents earn share in the business through sign-up and sales activities. eXp Realty’s cloud-based brokerage is powered by Virbela, the company’s immersive and collaborative virtual platform, which enables its agents to communicate, meet and do business in its metaverse, eXp World.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (EXPI) is the holding company of eXp Realty®Virbela and SUCCESS® Companies.

eXp Realty is the world’s fastest growing real estate company with over 80,000 agents in the US, Canada, UK, Australia, South Africa, India, Mexico, Portugal, in France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece and New Zealand and continues to expand to the international scale. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity rewards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full range of real estate brokerage and technology solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, a deeply social and collaborative immersive 3D platform, enabling agents to be more connected and productive. SUCCESS Enterprises, anchored by HIT 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

Statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current beliefs and assumptions and involve known and unknown risks and uncertainties that could cause actual results , performance or actual events differ materially from those expressed or implied. in such statements. These forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the continued growth of our agent and broker base; expanding our residential real estate brokerage business in foreign markets; demand for remote work and learning solutions and virtual events; the development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in the forward-looking statements include changes in business or other market conditions; the difficulty of keeping spending growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s filings with the Securities and Exchange Commission, including, but not limited to, the most recent quarterly report on Form 10-Q and annual report on Form 10-K.

Contact person for media relations:

eXp World Holdings, Inc.

[email protected]

Contact with Investor Relations:

MZ Group – MZ North America

[email protected]

A photo accompanying this ad is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6f18f2f6-4d3e-4b01-b09c-73ffe45f608d

eXp-World-Holdings-Inc-.png