Bundle Select, a real estate benefit platform, has named eXp Realty as its exclusive provider of real estate services, according to an announcement made on Monday.
“We are experiencing accelerated growth and need a partner who not only has quality and committed agent coverage, but also a reputation for stellar service and innovative technology,” Joe Cucchiara, the founder of Bundle Select said in a statement.
According to the press release, eXp Realty’s Relocation team will work with Bundle Select to deliver a streamlined real estate transaction experience.
“By working with Bundle Select, our dedicated relocation real estate consultants bundle the solutions to meet each employee’s unique needs,” Dawn Conciatori, the director of eXp Realty, said in a statement.
Bundle Select’s platform helps its clientele of over 250 companies and their 6.8 million employees with buying, selling, refinancing or relocating. The company claims it can help users save 25% in transaction fees. Users do not pay the platform for their services, instead Bundle Select splits the fee the user pays to their real estate agent, lender and title firm.
According to Cucchiara, Bundle Select hopes to serve 50 million employees by 2025.
Between February 2021 and February 2022, eXp Realty added 28,000 agents. At the end of 2021, eXp Realty’s agent count came in a roughly 76,000 according to founder and CEO Glenn Sanford.
In 2021, the brokerage generated $81 million in net income, up 162% from the year prior. This can partially be attributed to eXp agents taking part in 444,367 deal in 2021, an increase of 86% compared to 2020. In addition, transaction volume rose 116% year-over-year to $156 billion.
In February, an Austin, Texas judge issued a restraining order on former Keller William CEO Mark Willis, preventing him from joining eXp Realty because Willis holds shares in three Keller Williams franchises. Keller Williams contents that Mark Willis will share confidential information with eXp Realty inflicting “irreparable damage” on Keller Williams.