Financial Data and Key Metrics Changes - The company generated $1.3 billion in revenue for Q2 2025, reflecting a 59% year-over-year growth driven by a 9% increase in agents globally and improved agent productivity [24][28] - Non-GAAP gross margin was 12%, while GAAP gross margin decreased by 40 basis points to 7.1% due to more productive agents reaching their cap [29] - Adjusted EBITDA was $11.2 million, down year-over-year, influenced by lower gross margins and strategic investments [29] Business Line Data and Key Metrics Changes - The North America Realty segment generated $1.3 billion in revenue with an adjusted EBITDA of $19.8 million, while international revenue grew 59% year-over-year [30][31] - The number of agents decreased by 5% year-over-year to 82,704, but there was a 1% quarter-over-quarter increase [29] Market Data and Key Metrics Changes - The company saw a 1% year-over-year increase in real estate sales volume, attributed to rising home sales prices and increased agent productivity, despite a 2% decrease in sales transactions [28] Company Strategy and Development Direction - The company is focused on attracting productive agents and enhancing its value proposition, with a goal to grow its agent base to 50,000 across 50 countries by 2030 [27][28] - New programs launched include a CRM of choice program, a cosponsor program, and an eXp land and ranch program, aimed at increasing agent productivity and retention [11][12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the U.S. real estate market, anticipating flat transaction counts year-over-year due to macroeconomic conditions [52] - The company is adapting to the current market downturn by focusing on attracting high-performing agents and enhancing its operational efficiency [54][85] Other Important Information - The company hosted significant in-person events, including eXp Con in Barcelona, which saw a 175% increase in registrants year-over-year, emphasizing the importance of agent connections and culture [26][19] - The company is leveraging AI and automation to enhance productivity and streamline operations, with a focus on integrating advanced tools into its platform [34][35] Q&A Session Summary Question: Can you describe how agents are leveraging success to grow their business? - The company has integrated additional content and courses into Success Plus, providing agents with valuable resources for personal development and real estate training [46][47] Question: What are your thoughts on the U.S. real estate market? - Management is cautiously optimistic, expecting flat transaction counts and focusing on attracting productive agents despite macroeconomic challenges [52][54] Question: How important are eXp's in-person events for attracting and retaining agents? - In-person events are crucial for building relationships and culture, with a significant percentage of guests attending events ultimately joining the company [56][59] Question: What is your main focus managing international growth? - The focus is on growing a base of productive agents and ensuring they have the necessary resources to succeed, with a recent successful launch in Japan [61][62] Question: Can you discuss what's impacting the second quarter gross margin? - The gross margin was impacted by more productive agents reaching their cap, which is welcomed as it enhances agent retention and stickiness [64][66]

Core Viewpoint - eXp World Holdings, Inc. continues to demonstrate resilience and growth in a dynamic real estate environment, driven by its agent-first model and commitment to innovation, with a focus on expanding its international business and enhancing the SUCCESS brand [2][8]. Financial Highlights - Revenue increased by 1% to $1.3 billion compared to the same period last year [8]. - The company reported a net loss of $(2.3) million, translating to a net loss per diluted share of $(0.01) [8]. - Total operating expenses rose to $1.31 billion from $1.28 billion, with adjusted operating costs increasing by 20% to $95.0 million [8]. - Adjusted EBITDA was reported at $11.2 million [8]. - Cash and cash equivalents totaled $94.6 million as of June 30, 2025, down from $108.4 million a year earlier [8]. - The company distributed $32.6 million to shareholders, including $24.9 million in common stock repurchases and $7.7 million in cash dividends [8]. Operational Highlights - eXp Realty has over 82,000 agents across 28 countries, making it the largest independent real estate brokerage globally [7]. - The global agent Net Promoter Score (aNPS) increased to 77, up from 76 in the prior-year period, indicating improved agent satisfaction [8]. - The number of agents and brokers on the eXp Realty platform decreased by 5% to 82,704 as of June 30, 2025 [8]. - Real estate sales transactions decreased by 2% to 118,612 in the second quarter of 2025, while real estate sales volume increased by 1% to $52.5 billion [8]. Strategic Focus - The company is committed to enhancing the agent value stack and ongoing programs like the co-sponsor initiative to attract top agents and teams [2]. - Glenn Sanford, the Founder and CEO, is shifting focus to SUCCESS® Enterprises to expand its brand and drive value for agents and shareholders [2].

[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents the unaudited condensed consolidated financial statements for the period ended June 30, 2025, reporting Q2 revenues of **$1.31 billion** (1% increase) but a net loss of **$2.3 million** (vs. **$12.4 million** net income in Q2 2024), driven by increased operating expenses, with total assets growing to **$481.2 million** and cash from operations decreasing to **$75.9 million** due to a **$17 million** litigation payment [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets increased to **$481.2 million** from **$390.7 million** at year-end 2024, primarily driven by accounts receivable and restricted cash, while total liabilities grew to **$262.9 million** from **$185.9 million**, and total equity saw a modest increase to **$218.4 million** Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $344,957 | $267,972 | | **Total Assets** | **$481,246** | **$390,722** | | **Total Current Liabilities** | $262,880 | $185,853 | | **Total Liabilities** | **$262,880** | **$185,853** | | **Total Equity** | **$218,366** | **$204,869** | [Condensed Consolidated Statements of Comprehensive Income (Loss)](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) The company reported a net loss of **$2.3 million** for Q2 2025, a significant downturn from **$12.4 million** net income in Q2 2024, with the six-month net loss widening to **$13.3 million** from **$3.3 million** year-over-year, driven by higher operating expenses outpacing slight 1% revenue growth Statement of Comprehensive Income (Loss) Summary (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | Six Months 2025 | Six Months 2024 | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | $1,308,877 | $1,295,244 | $2,263,783 | $2,238,298 | | **Operating (Loss) Income** | ($2,376) | $18,537 | ($12,752) | $363 | | **Net (Loss) Income** | ($2,291) | $12,383 | ($13,315) | ($3,256) | | **Diluted EPS** | ($0.01) | $0.08 | ($0.09) | ($0.02) | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash provided by operating activities significantly decreased to **$75.9 million** from **$131.8 million** in the prior year, primarily due to a **$17.0 million** litigation payment, lower net income, and working capital changes, while cash used in financing activities decreased to **$44.8 million** from **$96.5 million** Cash Flow Summary (in thousands) | Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Net Cash Provided by Operating Activities** | $75,926 | $131,801 | | **Net Cash Used in Investing Activities** | ($17,207) | ($10,369) | | **Net Cash Used in Financing Activities** | ($44,766) | ($96,458) | | **Net Change in Cash** | $16,346 | $23,628 | [Notes to the Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes detail accounting policies, segment structure (North American Realty, International Realty, Other Affiliated Services), agent programs, and significant legal matters, including a **$34.0 million** antitrust litigation settlement with a **$17.0 million** installment paid, and a **$0.05** per share quarterly cash dividend declared - The company operates and manages three reportable segments: North American Realty, International Realty, and Other Affiliated Services[30](index=30&type=chunk) - The company entered into a settlement for antitrust litigation for a total of **$34.0 million**. The first installment of **$17.0 million** was paid during the quarter ended June 30, 2025, with the remaining **$17.0 million** recorded as a litigation contingency accrual[77](index=77&type=chunk) - On July 24, 2025, the Board declared a quarterly cash dividend of **$0.05** per share, payable on August 29, 2025[82](index=82&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's Q2 2025 performance, noting 1% revenue growth despite a challenging real estate market, but profitability declined with an operating loss of **$2.4 million** and Adjusted EBITDA falling to **$11.2 million** from **$32.8 million** due to higher operating costs and agent-related expenses - The company's strategy is to grow organically by increasing its independent agent and broker network, supported by its cloud-based technology platform and Revenue Share Plan[89](index=89&type=chunk)[90](index=90&type=chunk) - Macroeconomic conditions, including high inflation and mortgage rates, have contributed to a slowdown in the U.S. residential real estate market, impacting the company's business[92](index=92&type=chunk)[94](index=94&type=chunk) Key Business Metrics | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Agent Count | 82,704 | 87,111 | -5% | | Real Estate Sales Transactions | 118,612 | 120,613 | -1.7% | | Real Estate Sales Volume | $52.5B | $51.9B | +1% | | Adjusted EBITDA | $11.2M | $32.8M | -66% | [Results of Operations](index=29&type=section&id=Results%20of%20Operations) For Q2 2025, revenues increased 1% to **$1.31 billion** due to higher home prices and international growth, but rising costs, including a 2% increase in commissions, 21% in general and administrative expenses (with **$6.0 million** in severance), and 22% in technology expenses, led to an operating loss of **$2.4 million** Change in Operating Expenses (Q2 2025 vs. Q2 2024) | Expense Category | Change ($ in thousands) | Change (%) | | :--- | :--- | :--- | | Commissions and other agent-related costs | $18,555 | 2% | | General and administrative expenses | $12,916 | 21% | | Technology and development expenses | $3,245 | 22% | | Sales and marketing expenses | ($170) | -6% | - The company incurred approximately **$6.0 million** in expenses during the quarter for strategic investments and severance to streamline operations and align costs with revenue trends[121](index=121&type=chunk) [Business Segment Disclosures](index=31&type=section&id=Business%20Segment%20Disclosures) In Q2 2025, North American Realty revenues were flat but Adjusted EBITDA fell **49%** to **$19.8 million**, International Realty revenues grew **59%** to **$32.3 million** but its Adjusted EBITDA loss widened to **$3.9 million**, and Other Affiliated Services saw a **52%** revenue decline and a larger Adjusted EBITDA loss Segment Performance (Q2 2025 vs Q2 2024, in thousands) | Segment | Revenue (Q2 2025) | Revenue Change | Adjusted EBITDA (Q2 2025) | Adjusted EBITDA Change | | :--- | :--- | :--- | :--- | :--- | | **North American Realty** | $1,276,487 | 0% | $19,784 | -49% | | **International Realty** | $32,293 | +59% | ($3,859) | -62% | | **Other Affiliated Services** | $708 | -52% | ($2,291) | -132% | [Liquidity and Capital Resources](index=33&type=section&id=Liquidity%20and%20Capital%20Resources) The company's primary liquidity sources are cash on hand and operations, with net working capital stable at **$82.1 million** as of June 30, 2025, though cash from operations decreased to **$75.9 million** from **$131.8 million** due to a **$17 million** litigation payment, but existing cash is deemed sufficient for the next twelve months - Net cash provided by operating activities decreased by **$55.9 million** in the first six months of 2025 compared to 2024, primarily driven by a **$17 million** litigation payment, lower operating results, and a decrease in customer deposits[143](index=143&type=chunk) - Net cash used in financing activities decreased by **$51.7 million**, primarily due to lower stock repurchases in the first half of 2025 compared to the same period in 2024[144](index=144&type=chunk) - The company believes existing cash balances and expected cash flows from operations will be sufficient to satisfy operating requirements for at least the next twelve months[141](index=141&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=37&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company reports that there have been no material changes in its market risk exposures, which primarily relate to interest rates and foreign currency exchange rates, since the end of the fiscal year 2024 - There have been no material changes in the Company's exposures to market risk, including interest rate and foreign currency exchange rate risks, since December 31, 2024[149](index=149&type=chunk) [Item 4. Controls and Procedures](index=37&type=section&id=Item%204.%20Controls%20and%20Procedures) Based on an evaluation conducted by management, including the CEO and CFO, the company's disclosure controls and procedures were concluded to be effective as of June 30, 2025. Additionally, no material changes to the company's internal control over financial reporting were identified during the quarter - Management, including the CEO and CFO, concluded that the Company's disclosure controls and procedures were effective at a reasonable assurance level as of June 30, 2025[151](index=151&type=chunk) - There were no changes in internal control over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, internal controls[152](index=152&type=chunk) [PART II - OTHER INFORMATION](index=37&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) This section refers to Note 11 of the financial statements for details on legal matters, primarily the **$34 million** antitrust litigation settlement that received preliminary court approval, with the company warning that litigation is inherently unpredictable and adverse outcomes could materially impact its financial condition - The company incorporates by reference the information on legal proceedings from Note 11 of the financial statements[153](index=153&type=chunk) - The company warns that litigation is unpredictable and could result in judgments, penalties, or settlements with liability materially in excess of accrued amounts, potentially having a material adverse effect on financial condition[154](index=154&type=chunk) [Item 1A. Risk Factors](index=38&type=section&id=Item%201A.%20Risk%20Factors) The company outlines key risk factors, including dependency on the cyclical residential real estate market facing high interest rates, significant industry-wide changes from antitrust lawsuits and the NAR settlement impacting agent compensation, and substantial stock ownership concentration by the CEO and another major stockholder, contributing to potential stock price volatility - Profitability is tied to the residential real estate market, which is subject to macroeconomic conditions like interest rates, inflation, and consumer confidence. The market has been adversely affected by high interest rates and declining affordability in 2024 and 2025[156](index=156&type=chunk)[157](index=157&type=chunk) - Antitrust lawsuits and the NAR settlement are forcing changes to industry business practices, particularly regarding commission sharing, which could significantly impact the brokerage landscape and the company's financial results[160](index=160&type=chunk)[162](index=162&type=chunk)[163](index=163&type=chunk) - The Chairman/CEO, Glenn Sanford, and a significant stockholder, Penny Sanford, beneficially own approximately **27.19%** and **17.35%** of the company's stock, respectively, giving them significant influence over corporate matters[167](index=167&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=44&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q2 2025, the company repurchased **2,850,130** shares of common stock at an average price of **$8.74** per share, totaling approximately **$24.9 million**, with approximately **$259.5 million** remaining available under its authorized **$1.0 billion** stock repurchase program as of June 30, 2025 Issuer Purchases of Equity Securities (Q2 2025) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | April 2025 | 815,487 | $9.12 | | May 2025 | 926,787 | $8.09 | | June 2025 | 1,107,856 | $9.00 | | **Total** | **2,850,130** | **$8.74** | [Item 5. Other Information](index=44&type=section&id=Item%205.%20Other%20Information) The company discloses that on June 9, 2025, Randall Miles, the Vice Chair of the Board, adopted a Rule 10b5-1 trading arrangement. The plan allows for the sale of up to **240,000** shares of the company's common stock and was set to run through June 30, 2025 - On June 9, 2025, Randall Miles, Vice Chair of the Board, adopted a Rule 10b5-1 trading plan to sell up to **240,000** shares of common stock through June 30, 2025[175](index=175&type=chunk) [Item 6. Exhibits](index=45&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q. These include the CEO and CFO certifications required by the Sarbanes-Oxley Act, a description of compensation terms for the CFO, and the Inline XBRL interactive data files - The exhibits filed with the report include CEO and CFO certifications (**31.1**, **31.2**, **32.1**, **32.2**) and Inline XBRL data files (**101** series)[178](index=178&type=chunk)

eXp World Holdings Q2 2025 Financial Results [Management Commentary](index=1&type=section&id=Management%20Commentary) Management highlights the company's resilience in a dynamic real estate market, attributing its momentum to an agent-centric model and strategic investments - The company's momentum is fueled by its agent-first model and investments in the agent value stack to attract productive agents[2](index=2&type=chunk) - International business is experiencing rapid growth with strong agent productivity, validating the platform's scalability[2](index=2&type=chunk) - There is a new strategic focus on SUCCESS® Enterprises, with the goal of expanding the brand and making it a core driver of value[2](index=2&type=chunk) [Q2 2025 Performance Highlights](index=1&type=section&id=Q2%202025%20Performance%20Highlights) In Q2 2025, eXp World Holdings saw a 1% increase in revenue to $1.3 billion but recorded a net loss of $2.3 million, with operational metrics showing mixed trends [Consolidated Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Consolidated%20Financial%20Highlights) The company's revenue grew by 1% year-over-year to $1.3 billion, but it swung to a net loss of $(2.3) million, with adjusted EBITDA at $11.2 million Q2 2025 Financial Highlights (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | $1.3 billion | $1.3 billion | +1% | | Net (Loss) Income | $(2.3) million | $12.4 million (income) | - | | Adjusted EBITDA | $11.2 million | $32.8 million | -65.8% | | Cash and Cash Equivalents | $94.6 million | $108.4 million | -12.7% | - Adjusted operating costs (excluding commissions) rose **20%** to **$95.0 million**, driven by strategic investments and severance[5](index=5&type=chunk) - The company made its first **$17.0 million** installment payment for its **$34.0 million** antitrust litigation settlement during the quarter[5](index=5&type=chunk) [Operational Highlights](index=2&type=section&id=Second%20Quarter%202025%20Operational%20Highlights) Operational results for Q2 2025 show mixed trends, with real estate sales volume increasing by 1% to $52.5 billion despite slight decreases in agent count and transaction volume Q2 2025 Key Operational Metrics (vs. Q2 2024) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | Agent & Broker Count | 82,704 | ~87,057 | -5% | | Real Estate Transactions | 118,612 | ~121,033 | -2% | | Real Estate Sales Volume | $52.5 billion | ~$52.0 billion | +1% | | Agent Net Promoter Score (aNPS) | 77 | 76 | +1 pt | - The company distributed **$32.6 million** to shareholders, comprising **$24.9 million** in stock repurchases and **$7.7 million** in cash dividends[9](index=9&type=chunk) - A cash dividend of **$0.05 per share** was declared for Q3 2025, to be paid on August 29, 2025[9](index=9&type=chunk) [Consolidated Financial Statements](index=5&type=section&id=Consolidated%20Financial%20Statements) The unaudited consolidated financial statements detail the company's performance, showing a net loss for Q2 2025 and changes in assets, liabilities, and cash flows [Statements of Operations (Unaudited)](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) For the three months ended June 30, 2025, the company reported revenues of $1.31 billion, but an increase in operating expenses led to a net loss of $(2.3) million Q2 2025 Income Statement Highlights (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Revenues | $1,308,877 | $1,295,244 | | Total operating expenses | $1,311,253 | $1,276,707 | | Operating (loss) income | $(2,376) | $18,537 | | Net (loss) income | $(2,291) | $12,383 | | Diluted (loss) income per share | $(0.01) | $0.08 | [Balance Sheets (Unaudited)](index=7&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) As of June 30, 2025, the company's balance sheet shows total assets of $481.2 million and total liabilities of $262.9 million, with total equity increasing to $218.4 million Balance Sheet Highlights (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Cash and cash equivalents | $94,551 | $113,607 | | Total Current Assets | $344,957 | $267,972 | | TOTAL ASSETS | $481,246 | $390,722 | | TOTAL LIABILITIES | $262,880 | $185,853 | | TOTAL EQUITY | $218,366 | $204,869 | [Statements of Cash Flows (Unaudited)](index=8&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the six months ended June 30, 2025, net cash provided by operating activities was $75.9 million, with significant cash used in financing activities for stock repurchases and dividends Cash Flow Summary - Six Months Ended June 30 (in thousands) | Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $75,926 | $131,801 | | Net Cash Used in Investing Activities | $(17,207) | $(10,369) | | Net Cash Used in Financing Activities | $(44,766) | $(96,458) | | **Net change in cash** | **$16,346** | **$23,628** | [Non-GAAP Financial Measures](index=3&type=section&id=Non-GAAP%20Financial%20Measures) The company uses non-GAAP measures like Adjusted EBITDA and Adjusted Operating Cash Flow to provide a clearer view of underlying business trends by excluding certain items - The company uses non-GAAP measures to enhance understanding of financial performance by excluding certain expenses like stock-based compensation, amortization, and litigation costs to identify underlying business trends[12](index=12&type=chunk)[13](index=13&type=chunk)[15](index=15&type=chunk) Q2 Non-GAAP Reconciliation Summary (in thousands) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | Net (Loss) Income | $(2,291) | $11,766 | | **Adjusted EBITDA** | **$11,201** | **$32,814** | | Net Cash from Operating Activities | $36,088 | $71,147 | | **Adjusted Operating Cash Flow** | **$13,429** | **$60,440** | [Safe Harbor Statement](index=4&type=section&id=Safe%20Harbor%20Statement) This section contains a standard safe harbor statement, warning that forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially - The press release includes forward-looking statements concerning international expansion, revenue growth, dividends, and agent growth[17](index=17&type=chunk) - These statements are subject to risks such as real estate market fluctuations, agent retention, and regulatory changes, which could cause actual results to differ materially[17](index=17&type=chunk)

Core Insights - eXp Realty has announced the acquisition of Palm Realty Boutique, a prominent independent brokerage in Southern California, founded by Brett Zebrowski [1][2] - In 2024, Palm Realty Boutique's 90-agent team generated $750 million in sales across 370 units, indicating strong performance in the luxury real estate market [2] - The partnership allows Palm Realty Boutique to maintain its brand and culture while leveraging eXp's technology and global platform for enhanced operational capabilities [3][5] Company Overview - eXp Realty is the largest independent real estate brokerage globally, with nearly 81,000 agents across 28 countries, focusing on an agent-centric model [6] - The company offers industry-leading commission splits, revenue share, equity ownership opportunities, and a global network to empower agents [6] - eXp Realty's luxury division will provide Palm Realty Boutique's agents access to a global referral network and advanced marketing tools [5] Leadership and Culture - Brett Zebrowski emphasized the importance of maintaining the unique identity of Palm Realty Boutique while benefiting from eXp's resources, describing the partnership as a way to scale without sacrificing core values [3][4] - eXp Realty's CEO, Leo Pareja, praised the cultural alignment and the potential for smart growth through this acquisition [4][5]

Core Insights - eXp Realty has announced the addition of Chris Heller, a prominent figure in the real estate industry, to its team, highlighting the company's growth and appeal to top talent [1][3] - Heller's extensive experience includes founding Heller the Home Seller and holding executive roles at major companies, with a proven track record of selling over 4,400 homes [2][4] - The partnership is seen as a validation of eXp Realty's business model, which emphasizes agent ownership, collaboration, and innovation, positioning the company for future growth [3][4] Company Overview - eXp World Holdings, Inc. is the parent company of eXp Realty and SUCCESS Enterprises, operating as a cloud-based, agent-centric brokerage with nearly 81,000 agents across 28 countries [5] - eXp Realty offers competitive commission splits, revenue share, equity ownership opportunities, and a global network to empower agents [5] - SUCCESS Enterprises, part of the eXp ecosystem, provides resources for personal and professional development to enhance agents' skills and business growth [6]

As Managing Director, Sanford will guide the evolution of SUCCESS+ with cutting-edge AI tools designed to elevate personal growth, performance, and impact BELLINGHAM, Wash., July 29, 2025 (GLOBE NEWSWIRE) -- SUCCESS® Enterprises, a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the return of Glenn Sanford, Founder of eXp Realty and CEO of eXp World Holdings, who will now also serve as Publisher and Managing Director of SUCCESS®. Sanford's return signals a bold new chapter as the ...

Core Viewpoint - eXp Realty has officially entered the Japanese market, marking its fourth international expansion in 2025, following Peru, Turkey, and Ecuador, aiming to enhance its influence in the Asia-Pacific region and achieve its goal of 50,000 agents outside the U.S. by 2030 [1][2]. Group 1: Company Expansion - eXp Realty is the largest independent real estate brokerage globally, with nearly 81,000 agents across 28 countries [4]. - The company’s entry into Japan is seen as a significant move to disrupt the traditional real estate brokerage model, which has been characterized by limited growth opportunities for agents [1][2]. - A welcome event is scheduled for October 2, 2025, in Tokyo, where company leadership will share their vision and the significance of this expansion for agents [1]. Group 2: Leadership and Market Strategy - Ken Tanaka, a well-respected figure in the Japanese real estate market, will lead the new market initiative, bringing decades of experience and a deep understanding of local market dynamics [2]. - The company aims to provide a platform that emphasizes freedom, innovation, and growth for agents, allowing them to build their businesses in their own way [2]. Group 3: Unique Advantages - eXp Realty offers a scalable business model that supports independent agents in running efficient, high-performance businesses while also enabling the formation of large international teams [2]. - The company provides attractive commission structures, revenue sharing, and equity opportunities, which are designed to maximize agent earnings [5].

Core Insights - eXp Realty has officially expanded into Japan, marking its fourth international launch of the year after Peru, Türkiye, and Ecuador [1] - The company aims to enhance the economic model for agents in Japan, addressing structural issues in the existing brokerage system [2][5] - eXp's expansion aligns with its 2030 goal of reaching 50,000 agents outside the U.S., leveraging a scalable business model [3] Company Overview - eXp Realty is the largest independent real estate brokerage globally, with nearly 81,000 agents across 28 countries [7] - The company operates as a cloud-based, agent-centric brokerage, offering competitive commission splits, revenue share, and equity ownership opportunities [7][10] - eXp Realty provides a global network for agents, facilitating referrals and collaboration across multiple countries [10] Leadership and Market Strategy - Ken Tanaka, a seasoned professional in Japan's real estate sector, will lead the new market, focusing on modernizing the business environment for agents [4] - The company plans to host a live welcome event in Tokyo on October 2, 2025, to introduce its vision and model to local agents [2] Unique Selling Proposition - eXp Realty differentiates itself by offering agents the ability to build businesses on their own terms, promoting freedom, innovation, and growth [5] - The company emphasizes a commission structure designed to maximize agent earnings, alongside revenue share and equity opportunities [10]

Core Points - eXp World Holdings, Inc. will report its second quarter 2025 financial results on July 31, 2025 [1][3] - A virtual fireside chat and investor Q&A will be held on the same day at 2 p.m. PT / 5 p.m. ET [2][3] - The investor Q&A is open to all interested parties, and questions can be submitted in advance [1][2] Company Overview - eXp World Holdings, Inc. is the holding company for eXp Realty® and SUCCESS® Enterprises [2] - eXp Realty is the largest independent real estate brokerage globally, with nearly 81,000 agents across 27 countries [2] - The company operates as a cloud-based, agent-centric brokerage, offering industry-leading commission splits, revenue share, and equity ownership opportunities [2] - SUCCESS® Enterprises, associated with SUCCESS® magazine, provides resources for personal and professional development [2]