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Arizona real estate mega team leaves Keller Williams for eXp

Impact Real Estate Team’s move is the latest development in an ongoing Keller Williams — eXp feud.

Top performing Mesa, Arizona-based Impact Real Estate Team is making the leap from Keller Williams to eXp Realty.

The team of roughly 50 agents was the No. 16 ranked mega team in Arizona in 2021, according to RealTrends data, recording nearly $64 million in sales volume.

Matt Chick and Jeremy Fuhst are Impact Real Estate’s team leaders and founders. According to a news release, both Chick and Fuhst rank in the top 20 out of more than 35,000 agents in the Arizona Regional MLS.

“The eXp model allows us to partner with team owners and agents we would have never had the opportunity to partner with otherwise,” Fred Weaver, a co-leader of eXp’s Group 4610 Network, said in a statement. “Partnering with Matt, Jeremy and the Impact team is something I could not be more excited about. What they have built in the short time their team has been around is nothing short of spectacular.”

The team’s move appears to be the latest chapter in an ongoing battle between Keller Williams and eXp.

Earlier this year, eXp named former Keller Williams CEO Mark Willis to an executive role at the brokerage. In February, however, a judge in Austin, Texas issued a restraining order against Willis, preventing him from joining eXp Realty or doing business with any real estate brokerage in the United States or Canada seen as direct competition to Keller Williams because Willis holds shares in three Keller Williams franchises.

In legal filings, Keller Williams claimed Willis’ ownership position gave him unfettered access to information provided to Keller Williams franchise owners, from granular financial metrics and client leads to overall business strategy. As such, Keller Williams argued Willis could share confidential information with eXp Realty, thereby inflicting “irreparable damage” on Keller Williams.

During the first quarter of 2022, eXp recorded $1 billion in gross revenue and $8.9 million in net income.

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