Earlier today, eXp World Holdings, Inc. (OTCQB: EXPI) announced that its subsidiary, eXp Realty, has been listed among the best places to work by The Washington Post and the Atlanta Journal-Constitution. The award marks the second consecutive year in which eXp Realty has been recognized as one of the best places to work in Atlanta, where it placed 12th out of 165 honorees. In Washington, eXp Realty was listed in the top 20 based on surveys conducted by both the Post and its partner, Workplace Dynamics.
“This is a tremendous honor for the agent-owners who are on our team,” David Harbour, leader of eXp Realty’s Washington, DC, metro region, stated in today’s news release. “This award speaks to the collaborative, engaging and rewarding environment of our company, not just here but in and across all eXp markets.”
EXPI’s continued success in offering an exceptional work environment for its agent-owners is particularly noteworthy following the company’s recent expansion efforts. Last month, EXPI announced that its real estate brokerage division had commenced operations in four new states, as well as the District of Columbia. In total, eXp Realty currently boasts a network of more than 1,240 real estate professionals across 38 states and Alberta, Canada. Ian Marshall, managing broker of eXp Realty in Atlanta, highlighted this growth in today’s news release.
“In the past two and one-half years we have introduced a new company, concept and brand into the Atlanta market; have added more than 100 real estate professionals to our team; and, are closing in on 1,000 homes sold,” Marshall stated. “eXp Realty agent-owners encourage and support the achievements of their fellow shareholders, not just in Georgia but across all eXp markets in the United States and Canada, and the achievements of the Company.”
For months, EXPI has operated with the goal of creating a value proposition that’s so lucrative that it would be ‘irresponsible for an agent and broker to hang their license anywhere else’, and the resulting agent/owner business model has proven to be a hit in markets around North America. In the first quarter of 2016, the company successfully leveraged a growing network of real estate professionals to achieve year-over-year revenue growth in excess of 100 percent. For the three month period, EXPI’s revenues totaled $7.1 million, up 107 percent from $3.4 million the previous year. This increase directly correlated with the company’s 106 percent increase in agent count over the first quarter of 2015.
The Agent-Owned Cloud Brokerage™ comes complete with a number of collaborative tools, training and socialization features designed to help brokers and agents maximize their positions in real estate markets around the continent. When combined with an aggressive revenue sharing program that offers brokers a percentage of the gross commission income earned by fellow real estate professionals they attract to the company, it’s clear to see why eXp Realty was ranked as a top workplace in Atlanta and Washington, DC, and similar recognition in other major markets could be on the horizon.
For more information, visit the company’s website at http://investors.exprealty.com
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