The company Exp Reality appoints Leo Pareja as the CEO to ensure the next era of growth and innovation.

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Article author: Published on April 5, 2024 - Read in 3 minutes

Founder Glenn Sanford remains chairman and CEO of eXp World Holdings to enhance the company's overall performance

In the city of Bellingham, state.Washington, April 5, 2024 (GLOBE NEWSWIRE) - eXp Realty®, "the most agent-centricagencybyreal estateon the Planet™ and principal subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the appointment of Leo Parekh as Chief Executive Officer (CEO) with immediate effect. He succeeds Glenn Sanford, who will now focus fully on his role as Founder, Chairman and CEO of eXp World Holdings.

Leo Pareja, in his previous role as Chief Strategy Officer, played a key role in strengthening eXp Realty's position in the competitive real estate market. His vision and outstanding experience have greatly enriched the company's offering to agents. For example, the successful launch of strategic initiatives such as eXp Exclusives, Revenos and significant enhancements to eXp Solutions.

The announcement comes on the heels of eXp Realty being recognized in first place in five categories in the coveted RealTrends 500 report: Number of Transactions, 5-Year Leaders (Transactions), 5-Year Leaders (Volume), Top Brokers and Public Independents. The company also moved up to third place in two categories: Volume and Billionaires Club. The company continues to prove its model by gaining market position and welcoming the best agents in the industry.

“As we enter a new chapter at eXp Realty, I am honored to lead a company that has always put innovation and agent success at the forefront of its mission,” said Pareja. “Together, we will not only continue to redefine the real estate landscape through technology and unmatched agent support, but we will also empower every member of our community to reach their full potential.”

Joining eXp Realty in 2022, Pareja brings more than two decades of award-winning real estate experience, including recognition in RealTrends' The Thousand report, topping the Top 250 list from the National Association of Hispanic Real Estate Professionals (NAHREP), and being named one of the top 30 agents under 30 by Realtor® magazine. His entrepreneurial spirit is epitomized by co-founding one of the largest private lending companies on the East CoastU.S.and fast-growing MLS technology provider.

Pareja also played a significant role in the National Association of Hispanic Real Estate Professionals, serving as founding president of the Metro D.C. chapter and later as national president.

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 largest independent real estate company in the world with more than 85,000 agents in the United States, Canada, the United Kingdom, Australia,FranceIndia, Mexico,PortugalSouth Africa, Puerto Rico, Brazil,ItalyHong Kong, Colombia,SpainIsrael, Israel, Panama, Germany, Dominican Republic,GreeceChile, Poland, New Zealand, and New Zealand.Dubaiand continues to expand internationally. As a publicly traded company, eXp World Holdings provides real estate professionals with a unique opportunity to earn equity for meeting performance goals and contributing to the overall growth of the company. eXp World Holdings and its business units offer a full range of real estate brokerage and technology solutions, including an innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela and Frame, offering immersive 3D platforms that are deeply social and collaborative, providing agents with closer and more productive connections. SUCCESS® Enterprises, founded in 1897, is a leading personal and professional development brand and publisher.

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

Media Contact:

eXp World Holdings, [email protected]

Contact for investors:

Denis [email protected]

The photo attached to this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0430659-d8bc-480b-8eeb-02408802c697.