EXPI
- eXp World Holdings, Inc.
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Overview
Company Summary
eXp World Holdings, Inc., also known as eXp Realty, is a real estate brokerage company that operates in a unique virtual office environment. Unlike traditional real estate companies with physical brick-and-mortar offices, eXp Realty conducts its business entirely through an immersive, cloud-based platform known as eXp World.
eXp World is a virtual world where real estate agents from across the globe can come together to collaborate, share information, and conduct transactions. This technology-driven approach allows agents to work remotely from anywhere, eliminating the need for expensive office space and providing flexibility and convenience for agents.
eXp Realty's main offering is an innovative agent ownership model. Agents who join the company have the opportunity to become shareholders and receive company stock as part of their compensation. This unique incentive structure aligns the interests of the agents with the long-term success of the company, fostering a collaborative and entrepreneurial culture.
The platform also provides various resources and tools to support agents' professional growth and development. These include training programs, mentorship opportunities, lead generation systems, and a comprehensive suite of technology resources to facilitate efficient communication and transaction management.
eXp Realty primarily focuses on residential real estate, but also offers services in commercial real estate and property management. Through its virtual platform, the company is able to expand its reach and provide services in multiple states and countries, creating a global network of agents and clients.
In summary, eXp World Holdings, Inc. operates eXp Realty, a virtual real estate brokerage utilizing a cloud-based platform to empower agents, promote collaboration, and streamline real estate transactions.