eXp Realty is elevating agent compensation to a new level with Revenue Share 2.0.

Author of the article: Published on May 1, 2024 • 4 minutes read. The calculations of income from profit shares are designed to enhance transparency and provide new earning opportunities during the first year of an agent's work with eXp Realty GNW. These calculations will help eliminate barriers to growth.

Content of the article

The real-time income distribution function provides agents with financial flexibility.

BELLINGHAM, Washington, May 1, 2024 (GLOBE NEWSWIRE) — eXp Realty®, "the most agent-centric real estate company in the world™" and a key subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced significant improvements to its revenue distribution model in North America. These changes are aimed at expanding earning opportunities, increasing transparency, and simplifying income calculations.

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Significant changes

“In 2009, the real estate market changed when eXp first introduced the revenue-sharing model,” said Glenn Sanford, founder, chairman, and CEO of eXp World Holdings. “The income potential and collaboration among agents that this model provided was unprecedented and has since been copied by others. It’s time to continue this innovation with REVenue Share 2.0.”

Directions of changes

• Agents will have the opportunity to earn money faster from profit shares with the possibility of immediate unlocking of the first three levels of the model — both eXpansion and eXponential shares.
• Levels 4-6 will be fully unlocked if 5, 10, or 15 productive agents are recruited.
• The introduction of the new bonus "Quick Start," which will begin in July, will provide payments for agents upon their entry into the company.
• The new real-time income distribution feature in the My eXp system will allow agents to instantly withdraw accumulated income from profit shares for a small fee on any completed transactions.

About the company

eXp Realty intends to share50 percent of corporate revenuewith those agents who contribute to the company's growth. In 2023, the company shared more$197 millionRevenue Share 2.0 is designed to help agents earn faster, better, and receive payments on demand.

“As always, we strive to be the most agent-focused organization in the real estate industry worldwide. We are dedicated to helping our agents build a successful future and become the primary beneficiaries of the eXp model's success,” added Sandford.

“eXp is committed to relentless innovation and continuous improvement,” said Leo Pareja, CEO of eXp Realty. “By actively considering feedback from our agents, we are constantly enhancing our strategies to lay a solid foundation for their long-term success and stay ahead in the industry.”

Content of the article: About eXp World Holdings, Inc.

eXp World Holdings, Inc. is a holding company for eXp Realty®, Virbela®, and SUCCESS® Enterprises. eXp Realty is the largest independent brokerage firm in the world with more than85,000 agentsin various countries and continues to expand on the international stage.

What does the company offer?

• A full range of solutions in brokerage services and real estate technology.
• Innovative model of residential and commercial real estate.
• Professional services and collaborative tools.
• Personal development through SUCCESS® Enterprises.

Safe Harbor Statement

The statements presented here may include expectations of future events and other forward-looking statements based on the current views and assumptions of management. Important factors that could lead to significant and negative deviations from actual results may include changes in business conditions or other market conditions.

Contact information

• Contact for public relations:[email protected]
• Contact for investment inquiries:Denise Garcia-[email protected]