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eXp World Holdings Announces Interim CFO, Provides Chief Financial Officer Transition Update
GlobeNewswire· 2025-03-17 20:15
Company Announcement - Jesse Hill has been appointed as the Interim Chief Financial Officer of eXp World Holdings, effective April 1, 2025, succeeding Kent Cheng, who will transition to an advisory role [1][2] - The company is actively searching for a permanent CFO from both internal and external candidates [1][2] Leadership Impact - Under Jesse Hill's leadership as VP of International Finance & Corporate FP&A, eXp Realty has expanded into eight new markets, resulting in a nearly five-fold increase in revenue and improved segment operating margins [2] - Jesse Hill has been recognized as a 2025 Finance Leader by HousingWire, highlighting his impact in the mortgage and real estate industries [2] Company Overview - eXp World Holdings, Inc. is the holding company for eXp Realty and SUCCESS Enterprises, with eXp Realty being the largest independent real estate brokerage globally, boasting nearly 83,000 agents across 25 international locations [3] - eXp Realty operates as a cloud-based, agent-centric brokerage, offering industry-leading commission splits, revenue share, and equity ownership opportunities [3] - SUCCESS Enterprises, part of the eXp ecosystem, provides resources for personal and professional development to enhance agents' skills and business growth [3]
Los Angeles Commercial Real Estate Leader Karl Markarian Joins eXp Commercial
GlobeNewswire News Room· 2025-03-11 16:00
BELLINGHAM, Wash., March 11, 2025 (GLOBE NEWSWIRE) -- eXp Commercial, a nationwide virtual commercial real estate brokerage and subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced that Karl Markarian, a highly respected commercial advisor with over 30 years of experience and $200 million in sales volume over the past five years, has joined the company.  Markarian, based in Los Angeles, brings a wealth of expertise in multifamily, office, retail, and development properties, along with a ta ...
With $306M in Sales, Spokane's 4 Degrees Real Estate Joins eXp Realty
GlobeNewswire News Room· 2025-03-06 17:00
Core Insights - eXp Realty has officially welcomed 4 Degrees Real Estate, a leading brokerage in Spokane, into its network, enhancing its agent-centric model and expanding its market presence [1][5][6] Company Overview - eXp Realty is a subsidiary of eXp World Holdings, Inc. and is recognized as the largest independent real estate company globally, with nearly 83,000 agents across multiple countries [8] - The company offers a unique opportunity for real estate professionals to earn equity awards based on production goals and contributions to overall growth [8] 4 Degrees Real Estate Transition - Co-founders Joel and Jordan Tampien, along with partner Steve James, achieved over $306 million in sales across 755 units in 2024 and are bringing 35 agents to eXp Realty, with more expected to join [2][3] - The leadership team of 4 Degrees has a strong community presence and diverse professional backgrounds, contributing to their success and commitment to agent development [4] Strategic Benefits - The partnership with eXp Realty is expected to provide 4 Degrees agents with access to advanced technology, collaboration opportunities, and enhanced financial benefits that are not available in an independent brokerage [4][6] - eXp Realty's commitment to empowering high-performing teams with necessary tools and resources is highlighted as a key factor in attracting 4 Degrees [6]
With $306M in Sales, Spokane's 4 Degrees Real Estate Joins eXp Realty
Newsfilter· 2025-03-06 17:00
Core Insights - eXp Realty has officially welcomed 4 Degrees Real Estate, a leading brokerage in Spokane, into its network, enhancing its agent-centric approach and expanding its market presence [1][5]. Company Overview - eXp Realty is a subsidiary of eXp World Holdings, Inc. and is recognized as the largest independent real estate company globally, with nearly 83,000 agents across multiple countries [8]. - The company offers a unique opportunity for real estate professionals to earn equity awards based on production goals and contributions to overall growth [8]. 4 Degrees Real Estate Transition - Co-founders Joel and Jordan Tampien, along with partner Steve James, led 4 Degrees Real Estate to over $306 million in sales across 755 units in 2024, bringing 35 agents to eXp Realty [2][3]. - The leadership team of 4 Degrees has a strong background, with Jordan being a serial entrepreneur, Joel a U.S. Army veteran, and Steve a former sports executive, all contributing to the brokerage's success [4]. Strategic Benefits - The partnership with eXp Realty is expected to provide 4 Degrees agents with access to advanced technology, enhanced resources, and greater financial opportunities that are not available in an independent brokerage [4][6]. - eXp Realty's CEO expressed enthusiasm about the partnership, highlighting the brokerage's commitment to empowering high-performing teams with necessary tools and support [6].
eXp Realty Paid More Than $220 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2024
Newsfilter· 2025-02-27 17:00
Core Insights - eXp World Holdings, Inc. paid over $220 million in revenue share and equity benefits to its agents and brokers in 2024, highlighting its commitment to creating financial opportunities for real estate professionals [1][2][4] Company Overview - eXp World Holdings, Inc. is the holding company for eXp Realty®, FrameVR.io, and SUCCESS® Enterprises, and is publicly traded on NASDAQ under the ticker EXPI [3][4] - eXp Realty is the largest independent real estate company globally, with over 82,000 agents across multiple countries including the United States, Canada, the UK, Australia, and more [4] Business Model - The company operates a unique revenue share model and equity incentives that allow agents to earn income beyond commissions, promoting long-term wealth creation [2][5] - Agents can earn leveraged income by expanding their networks and supporting peers, as well as stock awards for achieving production milestones, fostering a sense of ownership in the company's success [5] Technological Innovation - The cloud-based brokerage utilizes FrameVR.io technology to provide immersive 3D platforms that enhance social collaboration among agents, increasing connectivity and productivity [4]
Kortney Wilson Joins eXp Realty, Expanding Her Real Estate Empire
Newsfilter· 2025-02-25 17:00
Core Insights - eXp Realty welcomes HGTV star Kortney Wilson, marking a significant career move as she expands her multifaceted business [2][4] - Wilson is known for her successful transition from country music to real estate, having flipped over 150 homes and built a brand in home design and renovation [3][4] - Her decision to join eXp Realty is influenced by the company's innovative agent-centric model and global reach, emphasizing collaboration and support for agents [4][5] Company Overview - eXp World Holdings, Inc. is the holding company for eXp Realty, FrameVR.io, and SUCCESS® Enterprises, and is publicly traded on NASDAQ under the ticker EXPI [5][6] - eXp Realty is the largest independent real estate company globally, with over 82,000 agents across multiple countries including the US, Canada, UK, Australia, and more [6] - The company offers a unique opportunity for real estate professionals to earn equity awards based on production goals and contributions to overall growth [6] Business Expansion - Wilson plans to leverage eXp's worldwide network to grow her referral business and expand her design expertise to more clients [4] - In addition to real estate, Wilson is launching her Kort & Co. furniture line, a new television show titled "Life Is Messy," and a podcast called "The Sh*t Stick of Life" [4]
eXp(EXPI) - 2024 Q4 - Earnings Call Presentation
2025-02-21 01:34
exp HOLDINGS. INC. Q4 + Full Year 2024 Financial Results Virtual Fireside Chat February 20, 2025 //////// slido.com event code:#EXP Q4 + Full Year Earnings Speakers WENDY FORSYTHE Chief Marketing Officer eXp Realty KENT CHENG Principal Financial Officer Chief Accounting Officer eXp World Holdings LEO PAREJA CEO eXp Realty SPRING BENGTZEN CEO Utah Life Real Estate Group GLENN SANFORD Founder, Chairman & CEO eXp World Holdings ////////// Forward Lookina Statements slido.com event code: #EXPI /////////// 1 Wit ...
eXp(EXPI) - 2024 Q4 - Earnings Call Transcript
2025-02-21 01:32
eXp World Holdings, Inc. (NASDAQ:EXPI) Q4 2024 Earnings Conference Call February 20, 2025 5:00 AM ET Company Participants Denise Garcia - Investor Relations Glenn Sanford - Founder, Chairman and CEO Leo Pareja - Chief Executive Officer, eXp Realty Spring Bengtzen - Chief Executive Officer, Utah Life Real Estate Group Wendy Forsythe - Chief Marketing Officer, eXp Realty Kent Cheng - Principal Financial Officer and CAO Conference Call Participants John Campbell - Stephens Matt Filek - William Blair Wyatt Swan ...
eXp World Holdings Reports Q4 and Full-Year 2024 Results
GlobeNewswire· 2025-02-20 21:15
BELLINGHAM, Wash., Feb. 20, 2025 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), or the “Company”, the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, today announced financial results for the fourth quarter and fiscal year ended Dec. 31, 2024. “At eXp, we redefine what’s possible in real estate, with our agent-centric platform offering unlimited growth opportunities for agents,” said Glenn Sanford, eXp World Holdings Founder, Chairman and CEO. “I’m especially proud that w ...
eXp(EXPI) - 2024 Q4 - Annual Report
2025-02-20 21:14
In UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission File Number: 001-38493 eXp World Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 98-0681092 (Sta ...