eXp Agents Are Loving the Revenos Program
From its inception, Revenos showcased its potential by closing $248 million in sales volume in its first year (2021). The program’s momentum only increased, with sales volume more than doubling each subsequent year. In 2022, Revenos achieved $633 million, and in 2023, it generated a staggering $1.134 billion in closed sales volume. For 2024, Revenos is on track to double the previous year’s volume, reflecting its robust growth trajectory.
eXp Realty Launches Revenos, a New Buyer and Seller Referral
For real estate agents, getting referrals and leads are an ultra-important source of driving business. That’s why eXp Realty combined its powerful set of referral business generators under one roof – Revenos.
eXp Realty CEO Leo Pareja Is Changing Real Estate.
First Hispanic CEO of a major brokerage is a keynote speaker at the NAHREP Conference
Leo Pareja didn’t set out to make history. But when you become the first Hispanic CEO of a major real estate brokerage, it’s hard to avoid the spotlight. Now at the helm of eXp Realty, a billion-dollar industry disruptor, Pareja is transforming the landscape of real estate, one deal and one innovation at a time.
“I didn’t get here by following the rules,” Pareja says with a smile that suggests he’s just warming up
Leo Pareja Takes Over the Reins of CEO of eXp Realty.
Another major announcement comes on the heels of several recent leadership changes at eXp Realty. Leo Pareja, who has served as Chief Strategy Officer, has been elevated to CEO of eXp Realty. Leo takes the reins from Glenn Sanford, who will focus on his position as Founder, CEO and Chairman of eXp World Holdings.
eXp Realty Lands on Glassdoor’s Best Places to Work List.
BELLINGHAM; eXp Is Ranked No. 22 Among U.S. Large Companies.
For an impressive seventh consecutive year, eXp Realty has clinched a spot on Glassdoor’s Best Places to Work list. eXp was ranked No. 22 out of 100 on Glassdoor’s Best Places to Work U.S. Large list for 2024, maintaining its presence on the popular list since 2018
eXp to stem agent losses with rev share updates.
In an effort to stabilize — and grow — its agent count, eXp announced some changes to its revenue sharing program intended to benefit mid-level agent recruiters.
The brokerage is rolling out REVenue Share 2.0, which the company says will allow agents to earn rev share faster and instantly withdraw earnings for transactions that have closed. Starting in July, eXp will also offer an agent attraction bonus of up to $4,000 for each new agent directly sponsored.
Compensation highlights the company’s unwavering commitment
BELLINGHAM, Wash. — March 22, 2024 — 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 its latest milestone – securing the top spot in five categories on the coveted RealTrends 500 report: Transaction Sides, 5 Year Top Movers (Sides), 5 Year Top Movers (Volume), Best Brokerages and Public Independent. The company also moved up to No. 3 in two categories: Volume and Billionaires’ Club.
Compensation highlights the company’s unwavering commitment
eXp Realty Pays More Than $230 Million in Revenue Share and Equity Benefits to Agents and Brokers in
BELLINGHAM, Wash. — March 11, 2024 — 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 its 2023 revenue share and agent equity distribution statistics, underscoring its competitive compensation framework as a catalyst for ongoing agent expansion. The company paid agents and brokers over $230 million in revenue share and equity benefits in 2023.
The Inman Power Players awards recognize the most innovative and influential executives in the real estate industry.
What Does the Future Hold?
Four Predictions for the 2024 U.S. Real Estate Market.
1. Agents need to focus on the homeowner who needs to sell.
2. Investors will still account for a large percentage of purchases.
3. Opportunity for distressed homeowners with equity to move up and list.
4. Existing home sales on pace to be the lowest since 2009.
eXp Lands Four Executive Team Members on 2024 Swanepoel 200
Glenn Sanford, Leo Pareja, Michael Valdes, Carolyn Merchant in prestigious industry rankings.
The highly anticipated 2024 Swanepoel Power List 200, celebrating its 11th year, has just been announced in which four key members of the eXp Realty executive team secured noteworthy positions.
BELLINGHAM, Wash. — Dec. 7, 2023 — eXp Realty, “the most agent-centric real estate brokerage on the planet™” and a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), proudly announces the continued expansion of its luxury real estate program, eXp Luxury, into the dynamic international markets of Australia, New Zealand, South Africa and the United Kingdom.
Company Ranked 350th Fastest-Growing in North America
BELLINGHAM, Wash. — Nov. 20, 2023 — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises, today announced it ranked No. 350 on the Deloitte Technology Fast 500™, citing its 369% revenue growth over last year.
eXp Exec talks Rev Share, ‘Attraction’ and Agents’ No. 1 Job
Chief Growth Officer Michael Valdes says eXp doesn’t “recruit” agents in a transactional sense, but seeks to “attract” for long-term growth and success.
Real Estate News recently spoke with eXp Chief Growth Officer Michael Valdes about his company's revenue share platform and why he believes "attraction" rather than recruiting is the right strategy for long-term growth.
"Our number one job is to sell real estate. When you're talking about revenue share, there is no revenue share without revenue. You only get revenue by selling homes."
Despite a year of stagnating home sales, cloud-based brokerages with revenue share models have found success in recruiting new agents and teams. The summer brought new initiatives and changes as eXp and others moved to create opportunities for more agents and get the upper hand against competitors.
eXp AI - "Luna"
eXp Leverages Power of Artificial Intelligence to Enhance Agent Support, Increase Productivity.
BELLINGHAM, Wash. — June 6, 2023 — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), is building on its focus on innovation and technology with the launch of an AI support chatbot called “Luna.”
Luna is powered by ChatGPT and GPT-4 and is available 24/7 to all eXp Realty agents to interact with the company, get assistance with day-to-day tasks, find answers to questions in real-time and get help on a variety of topics ranging from policies and procedures to tips for setting up listings, appointments and generating reports.
Using AI to help agents increase their productivity
The company is also incorporating AI into its web-based metaverse platform, Frame (framevr.io), which now has a GPT-powered assistant in its text chat and AI-based content generation tools to help users increase productivity and customize their metaverse experience.
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