BrokerageGlobal Real Estate

eXp Realty expands to third South American country Chile

eXp Realty, a subsidiary of eXp World Holdings, Inc., has expanded into Chile, strengthening its position in South America where it already has operations in Brazil and Colombia. eXp Realty now operates in 22 markets with more than 84,000 agents around the world.

The first year eXp qualified for the RealTrends 500 top brokerage rankings was 2017, when they ranked No. 47 by sides with 9,490 transaction sides (based on 2016 data).

Only two years later, in 2019, eXp rose to the top five brokerage firms by transaction sides. This year, 2022 (based on 2021 data), they are No. 3 in transaction sides and No. 4 in sales volume, mirroring last year’s rankings.

“Chile represents a strategic expansion into a growing and diverse market, while deepening our already strong presence in the Caribbean and Latin American region,” said Michael Valdes, Chief Growth Officer, eXp Realty, in a statement.

eXp Realty’s brokerage operations in Chile will be led by Virginia Restrepo, who brings seven years of experience in real estate sales and leadership, and takes pride in helping her colleagues reach their goals. “My mission is to change people’s lives,” said Restrepo. “eXp Realty is a company built for agents and whose unique value proposition, compensation model and extensive digital resources are transforming the industry standard.”