BrokerPulse

RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Knock.com’s Sean Black on the transaction revolution

Real estate is on its third revolution, from the digital revolution of the early 2000s to the information revolution kicked off by Trulia and Zillow to today's transaction revolution.

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Brokerage

eXp Realty almost doubles agent count

eXp World Holdings, Inc., the holding company for eXp Realty announced that it has exceeded 60,000 agents globally. This represents a year-over-year increase of 85% when compared to 32,403 agents in July 2020.

“Our growth is a direct result of our agent-centric value proposition and our commitment to providing the best possible resources for our agents to succeed,” said Jason Gesing, CEO of eXp Realty. “Agents are immersed in our innovative, cloud-based model that provides clear financial incentives and unrivaled technology and training. Starting the second half of 2021 with over 60,000 agents sets a strong foundation for continued growth.”

RealTrends interviewed Glenn Sanford, founder and CEO of eXp World Holdings for a podcast where he discussed the growth of the company. “We were fortunate to be able to attract Michael Valdes [president of eXp Global.] He had run a large international division for Realogy. He’s been helping us grow out the international footprint of eXp,” said Sanford. “Obviously, domestically in the US, we’ve got a pretty good percentage of the agent base. Something like 3% to 4% of the agents, which means that one of every 25 or 30 agents is actually an eXp agent, which is an incredible number to think about. And so internationally, I think that’s going to be our big growth opportunity.”

In 2021, eXp Realty expanded into eight new international locations, including Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel and Panama.

The company recently announced a mortgage joint venture with Glenn Stearns’s Kind Lending, called Success Lending.

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