eXp Realty Exceeds 75,000 Real Estate Agents

BELLINGHAM, Wash., Feb. 15, 2022 (GLOBE NEWSWIRE) -- eXp Realty^®, the fastest-growing global residential real estate company and a subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced it has exceeded 75,000 agents globally, representing an increase of 60% when compared to 46,745 agents in February 2021.

The milestone follows a successful start to 2022, with eXp Realty being named one of Glassdoor’s Best Places to Work for the fifth consecutive year. Additionally, eXp World Holdings Founder and CEO Glenn Sanford and eXp Realty CEO Jason Gesing were recognized on the Swanepoel Power 200 list as the No. 2 and No. 31 most powerful executives in the real estate industry, respectively. eXp Realty also opened brokerage operations in the Dominican Republic in February 2022, now operating in 19 countries.

“We are driven to continuously innovate our business model and enhance our agent value proposition, which ultimately delivers great service to homeowners and sellers,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “Our agent-centric platform is the foundation of our success as the fastest-growing real estate brokerage in the world.”

Following are some of the recent teams and agents who have joined eXp Realty in the second half of 2021 and early 2022:

• Jennifer Grandjean in Portland, Oregon
  Jennifer Grandjean and her 7-person team joined eXp Realty in July 2021. In 2021, the team closed 63 transactions for more than $25 million.
• Clifford Blanquicet and the Blanq Real Estate Team in Charlotte, North Carolina
  Clifford Blanquicet and the 16-person Blanq Real Estate Team joined eXp Commercial in August 2021. In 2021, the Blanq Real Estate Team closed $100 million in transactions.
• Scott and Sean Bautista in Seattle
  Scott and Sean Bautista brought their 12-person team to eXp Realty in September 2021. In 2021, their team closed 139 transactions for $99,457,000 in sales.
• Arie Luyendyk Jr. in Scottsdale, Arizona
  Arie Luyendyk Jr., a former race-car driver who starred in season 22 of The Bachelor, joined eXp Realty in September 2021. He closed 13 transactions for $20,904,000 in 2021.
• Dimitrios Kalogeropoulos in Ottawa, Canada
  Dimitrios Kalogeropoulos and the 7-person Agent DK Team joined eXp Realty in December 2021, after 10 years at Royal LePage. In 2021, the team closed 250 transactions for $170 million.
• Marbel Lugo in Santo Domingo, Dominican Republic
  Marbel Lugo joined eXp Realty in February 2021 as broker of record for the Dominican Republic. She is a pioneer in the Dominican Republic real estate industry as a Board member of the Association of Real Estate Agents, author, and the first real estate coach in the country.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty^®, Virbela and SUCCESS^® Enterprises.

eXp Realty is the fastest-growing real estate company in the world with more than 75,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany and the Dominican Republic and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS^® Enterprises, anchored by SUCCESS^® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:
MZ Group – MZ North America
investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4bd3bd24-6e1e-4fc8-8f4c-d07f7ad08757