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eXp Realty Launches UK Commercial Division, Expanding Agent Model Into $10B Market
Globenewswire· 2025-10-08 13:00
Core Insights - eXp Realty has launched eXp UK Commercial, expanding its commercial real estate capabilities in the UK, which is a significant market in Europe [1][2] - This launch positions eXp as the first agent-powered platform in the UK to offer both residential and commercial services under a unified model, enhancing its global strategy to empower self-employed agents [2][3] - The UK commercial real estate sector is projected to reach £8.1 billion ($10.2 billion USD) in revenue by 2025, following a growth of over 50% in the past decade, indicating a substantial market opportunity [3] Company Strategy - The launch of eXp UK Commercial is part of a broader strategy to provide agents with tools, training, and opportunities across the entire property spectrum, aiming to reshape the commercial agency landscape [2][4] - eXp aims to fill the gap left by traditional firms in the commercial sector, offering agents greater autonomy, earning potential, and a modern platform to grow their businesses [3][5] Market Opportunity - The UK commercial property sector is described as a $10 billion opportunity, with traditional models limiting agents' potential [3] - The company emphasizes the need for a new approach in commercial real estate, allowing agents to build their own businesses with more control and better economics [5] Agent Support - eXp UK Commercial provides agents with the ability to serve various client types, including office, retail, industrial, land, and mixed-use clients, along with commercial-specific training and operational support [7] - The commission structure allows agents to retain 70% of their earnings, which can rise to 100% for top performers, enhancing the financial incentives for agents [7]
eXp World Holdings Reports Q1 2025 Results
Globenewswire· 2025-05-06 20:15
BELLINGHAM, Wash., May 06, 2025 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), “eXp” or the “Company”, “the most agent-centric™” real estate brokerage on the planet and the core subsidiary of eXp World Holdings, Inc., today announced financial results for the first quarter ended March 31, 2025. “We’re entering 2025 from a position of strength. eXp has built one of the most comprehensive, tech-enabled agent value stack in the industry – one that’s driving record International agent productivit ...