eXp Australia is a subsidiary of eXp World Holding, which many of you may not know is a publicly listed company. As such, they’ve eXp have just reported on their first-quarter results for 2021 and the numbers are impressive. One financial highlight to note was that revenue increased 115% to a record $583.8 million in the first quarter of 2021 compared to $271.4 million in the same quarter of 2020.
Here is a little snippet of what Glenn Sanford, Founder, Chairman, and CEO of eXp World Holdings said.
“As the fastest organically growing real estate brokerage in the world, we are making considerable progress with gaining market share in the U.S. and globally, having grown our agent base 77% year-over-year to exceed the 50,000-agent milestone in the quarter.Our record first-quarter revenue and profitability is a direct result of agents continuing to find success leveraging eXp’s unique brokerage model and agent value proposition. Not only are we experiencing an acceleration in the number of agents joining eXp, but the agents we are attracting have proved to be increasingly productive and our Net Promoter Score continues to climb.”
eXp is an “agent-centric” model which is why more and more real estate professionals are choosing to be powered by eXp. With the agent count at the first quarter of 2021 of 50,333, a 77% increase on the first quarter of 2020, the company must be doing something right. When I first stumbled across the business model and offering I felt it was too good to be true yet after aligning with them I’ve discovered that it’s even better. In the words of Grant Cardone, “It’s a no-brainer!”
*Source – https://www.globenewswire.com/news-release/2021/05/06/2224567/0/en/eXp-World-Holdings-Reports-Record-First-Quarter-2021-Financial-Results-and-Agent-Growth.html