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From Isolation to Innovation: Tammy Register Moves Her 15-agent, $88M Raleigh-Durham Team to eXp Realty
GlobeNewswire News Room· 2025-07-14 16:00
Core Insights - eXp Realty has welcomed Tammy Register, a prominent real estate leader from North Carolina, along with her 15-agent team and five operational staff, marking a significant addition to the company [2][3] - The Tammy Register Team achieved over $88 million in sales volume across 316 transactions in 2024, showcasing their strong performance in the real estate market [2] - eXp Realty is recognized as the largest independent real estate brokerage globally, with over 81,000 agents across 27 countries, emphasizing its expansive reach and agent-centric model [6] Company Overview - eXp Realty operates as a cloud-based brokerage, providing agents with industry-leading commission splits, revenue share, equity ownership opportunities, and a global network to support business growth [6] - The company is a subsidiary of eXp World Holdings, Inc., which also includes SUCCESS® Enterprises, a brand focused on personal and professional development [6][7] Leadership and Culture - Tammy Register's decision to join eXp Realty was influenced by the company's collaborative culture and innovative systems, which she believes will facilitate her team's growth and success [4][5] - The leadership at eXp Realty, represented by CEO Leo Pareja, values leaders like Tammy who are committed to excellence and collaboration, indicating a focus on building a legacy within the company [4]
La Rosa Realty LLC Enters in a Strategic Agreement with The Agency Dominican Republic Participating in IBIS Romana Bayahibe Project as a Co-Broker and Securing Exclusive Rights for IBIS sales in Puerto Rico
GlobeNewswire News Room· 2025-07-08 12:00
Core Insights - La Rosa Holdings Corp. has entered a strategic agreement with The Agency Dominican Republic to co-broker the IBIS Romana Bayahibe project in the Dominican Republic and secure exclusive sales rights in Puerto Rico [1][2][4] Group 1: Agreement Details - The agreement allows La Rosa Realty to market and sell units of the IBIS project, enhancing its presence in the luxury real estate market [1][2] - La Rosa will implement targeted sales strategies aimed at affluent buyers in Latin America and the Caribbean [2][4] - The company will serve as the exclusive sales agent for any sales of IBIS in Puerto Rico, positioning itself as a key player in cross-border real estate transactions [1][10] Group 2: Market Potential - Puerto Rico is identified as a high-potential market for affluent buyers seeking premium second homes and investment properties [4] - The agreement is expected to empower La Rosa's agents to capitalize on international opportunities, potentially increasing commission-based income [4][10] Group 3: Business Model and Operations - La Rosa Holdings Corp. operates 26 corporate-owned brokerage offices across various states and has recently expanded into Europe, starting with Spain [7] - The company offers flexible compensation options for agents, including a revenue-sharing model and a fee-based structure with 100% commission [5][6] - La Rosa's business model encompasses residential and commercial real estate brokerage services, technology-driven products, and support for agents and franchise partners [6]
eXp(EXPI) - 2025 Q1 - Earnings Call Presentation
2025-07-08 07:56
Financial Performance & Efficiency - eXp leads the industry in profitability and is the 1 largest-scale new entrant by transactions[23] - eXp's Q1'25 Adjusted EBITDA is 1 and growing[37] - eXp's revenue is $4,104 million, while operating expenses per transaction is $638[39] - eXp has allocated $198 million in revenue share to its agents in the last 12 months[49] - eXp's cumulative adjusted operating cash flow since 2017 is $1,036 million[87] - eXp's cumulative share repurchases and dividends since 2019 is $818 million[88] Growth & Market Expansion - New Entrants agents increased by 51,074, while Legacy Brokerages agents decreased by 18,272[31, 32] - eXp's international revenue growth in 2024 was 63% year-over-year[123] - North American Realty revenue was $923 million in Q1 2025, while International Realty revenue was $31.7 million, a 103% year-over-year increase[147] Agent Value Proposition - Approximately 41% of agents and brokers participate in the agent equity commission program[53]
eXp(EXPI) - 2022 Q1 - Earnings Call Presentation
2025-07-08 07:52
Company Overview - eXp World Holdings operates as a global cloud-based real estate brokerage and enterprise metaverse platform[5] - The company has a global network of over 80,000 agents as of April 20, 2022[9, 10] - eXp's revenues (TTM) are $42 billion as of March 31, 2022[11] Financial Performance - Q1 2022 revenue was over $427 million, with net income exceeding $4 million compared to 2021[9] - The company has consistent positive cash flow and no long-term debt[9] - Total Q1 2022 revenue reached $1 billion[16] Growth and Competitive Advantage - eXp Realty is ranked as the 1 growth leader across agent count, volume, and transactions[9, 10, 20] - The company experienced 55% year-over-year agent growth in Q1 2022[16] - eXp is capturing global market share with 314%+ year-over-year international agent growth[23] Agent Value Proposition - eXp offers a unique agent value proposition, including an attractive commission structure, revenue share, and equity[7] - Agents receive an 80/20 commission split with a $16,000 cap[27, 55] - The company provides equity awards for agents meeting production criteria[21, 27]
eXp(EXPI) - 2022 Q2 - Earnings Call Presentation
2025-07-08 07:51
Company Overview - eXp World Holdings operates a global cloud-based real estate brokerage and enterprise metaverse platform[5] - The company also has an ecosystem of personal development resources and media[6] - eXp's cloud-based model enables richer unit economics and broader geographical reach for agents[20] Financial Performance - eXp World Holdings' Q2 2022 revenue increased by 42% year-over-year[11] - The company's operating cash flow increased by 27% year-over-year[11] - As of June 30, 2022, eXp World Holdings had $134.9 million in cash and cash equivalents[13] - The company's total revenue for the trailing twelve months (TTM) ending Q2 2022 was $46132 million[16] Agent Growth and Global Expansion - eXp has over 83000 agents as of August 3, 2022[11] - Agent growth in Q2 2022 was 42% year-over-year[18] - eXp is expanding globally with 21 markets worldwide[11] - The company experienced 94% year-over-year international agent growth[25] Agent Value Proposition - eXp returns over 90% of commission to agents, inclusive of revenue share and equity[24] - Agents receive an 80/20 split on first $80000 gross commission income (GCI) with a $16000 yearly cap[30]
eXp(EXPI) - 2022 Q4 - Earnings Call Presentation
2025-07-08 07:46
Financial Performance - Full Year 2022 - eXp World Holdings reported revenue of $4.6 billion, a 22% year-over-year increase[18, 31] - eXp North American Realty contributed $4.55 billion in revenue, representing approximately 99% of eXp World Holdings' total revenue, also a 22% year-over-year increase[18, 31] - eXp International Realty's revenue grew by 102% year-over-year to $36 million[31] - Adjusted EBITDA for eXp World Holdings was positive, although it decreased by 22% year-over-year to $60.5 million[18, 32, 34] - The company's gross margin increased by 24% to $366.9 million[34, 35] Financial Performance - Q4 2022 - Q4 2022 revenue was $933 million, a 13% decrease compared to the previous year[37, 39] - Adjusted EBITDA for Q4 2022 was $3.6 million, a 73% decrease year-over-year[37, 39] - eXp North American Realty's Q4 revenue was $920.7 million, a 14% decrease year-over-year[37] Agent Network and Operational Metrics - The agent count increased by 21% year-over-year, reaching over 86,000 agents[18, 34, 35, 39, 40, 42] - The company's agent Net Promoter Score (aNPS) was 71 for the full year and 73 for Q4[22, 34, 39] - The number of units sold was 511,889 for the full year, a 15% increase year-over-year, but decreased by 13% to 109,168 units in Q4[34, 39]
La Rosa Holdings Corp. Launches New Transaction Management Module, Intended to Deliver Significant Cost Savings and Operational Efficiencies
Globenewswire· 2025-07-07 12:00
Core Insights - La Rosa Holdings Corp. has launched My Agent Account Version 4.0, enhancing its proprietary agent platform with a new Transaction Management module aimed at improving efficiency and reducing costs [1][2][3] Company Overview - La Rosa Holdings Corp. operates in the real estate and PropTech sectors, providing agents with flexible compensation options and a technology-driven platform to enhance service delivery [4][5] - The company has a network of 26 corporate-owned brokerage offices across several states in the U.S. and is expanding into Europe, starting with Spain [6] Product Features - The My Agent Account platform serves as a centralized hub for agents, streamlining operations and reducing administrative workload [2] - The new transaction management module is designed to improve workflow management and is expected to include features like automated notifications and market condition alerts [3] Strategic Goals - The CEO emphasized that the upgrade is a strategic investment that will benefit both agents and operations, contributing to sustainable growth [3] - The company has surpassed 3,000 agents, which is expected to increase recurring revenue from the My Agent Account subscription model [3]
房产中介说漏了嘴:二手房一旦超过这个年限,再便宜也尽量别买!
Sou Hu Cai Jing· 2025-07-07 10:30
Core Insights - The article emphasizes the hidden risks associated with purchasing second-hand homes, particularly those older than 25 years, which can lead to significant maintenance costs and difficulties in resale [1][3][19] Group 1: Risks of Older Properties - Properties over 25 years old often have outdated infrastructure, leading to high maintenance costs due to aging plumbing and electrical systems [5][7] - Reselling older homes can be problematic as banks may refuse loans for properties over 30 years old, resulting in lower appraisals and higher buyer reluctance [9][11] - The living conditions in older neighborhoods can be subpar, with issues such as high density, poor ventilation, and noise pollution affecting quality of life [13][15] Group 2: Market Dynamics - The article highlights that while older homes may appear cheaper, the long-term costs associated with repairs and potential depreciation can outweigh initial savings [17][19] - Buyers are advised to consider properties aged between 10-15 years, which may offer a better balance of price and livability compared to older options [19][21] - The importance of cautious purchasing is stressed, as impulsive decisions can lead to regrettable investments in the real estate market [21]
澳华人区房产$170万成交!华人中介Cosplay推广引关注
Sou Hu Cai Jing· 2025-07-06 14:53
Core Insights - A property in Glen Waverley, Melbourne, was sold for AUD 1.7 million, attributed to a unique marketing strategy involving real estate agents dressed as Spanish bullfighters [1][4] - The property had an initial auction price of AUD 1.65 million and attracted three registered bidders, ultimately purchased by a young couple [4][1] Marketing Strategy - The marketing campaign featured a video showcasing bullfighters overcoming bulls, inspired by the property's Spanish missionary architectural style [1] - This is not the first time the agents have employed creative marketing; previously, they used Hollywood actor Liam Neeson's voice for a property video, paying homage to the "Taken" movie series [5][7] - The agent emphasized that creative marketing strategies significantly impact attracting attention on social media, making properties memorable to potential buyers [7] Auction Dynamics - The auction on the weekend saw the agents in extravagant costumes, which helped ease the tension among bidders [10] - According to PropTrack, the preliminary clearance rate for the week was 70.7%, with over 670 properties expected to be auctioned statewide the following week [10]
La Rosa Holdings Corp. Announces Significant Milestone: Surpasses 3,000 Agents and Reports Preliminary Unaudited Revenue of $38.4 Million for the First Half of 2025, Achieving 19.4% Year-Over-Year Growth
Globenewswire· 2025-07-03 12:00
Core Insights - La Rosa Holdings Corp. has surpassed 3,000 real estate agents in its network, marking a significant milestone in its growth trajectory [1][2] - The company reported preliminary unaudited revenue of approximately $38.4 million for the first half of 2025, reflecting a year-over-year growth of about 19.4% compared to the same period in 2024 [1][2] Company Overview - La Rosa Holdings Corp. is a real estate and PropTech company that offers flexible compensation options for agents, including a revenue-sharing model and a fee-based structure with 100% commission [3] - The company aims to equip agents and franchisees with the necessary tools to deliver exceptional service through its proprietary technology platform [3] Business Model and Services - La Rosa provides both residential and commercial real estate brokerage services, along with technology-driven products and support for agents and franchise partners [4] - The business model encompasses internal services for agents and external offerings for the public, including real estate brokerage, franchising, education and coaching, and property management [4] Expansion and Operations - The company operates 26 corporate-owned brokerage offices across several states, including Florida, California, Texas, Georgia, North Carolina, and Puerto Rico [5] - La Rosa has initiated its expansion into Europe, starting with engagement of an area developer in Spain, and also has six franchised offices and branches in the U.S. and Puerto Rico [5]