eXp Realty’s Innovative Business Model Allows Local Real Estate Agents to Invest In Their Future
BELLINGHAM, Wash. — October 13, 2020 — eXp World Holdings (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing residential and commercial real estate companies, today announced the expansion of its brokerage model into South Africa under the eXp South Africa banner. The addition of residential and commercial brokerage operations in South Africa represents the fourth international expansion for the U.S.-headquartered company. In addition to its robust U.S. presence, eXp Realty also operates in Canada, the United Kingdom and Australia, with more than 35,000 agents in its global network.
eXp Realty offers a unique financial model for residential and commercial real estate agents, going beyond just commissions to provide its agents with revenue share and additional equity programs that include opportunities for stock awards. The partnership model also offers proprietary marketing resources, including the company’s cloud-based virtual environment and customized technology platform that enhances virtual prospecting, sales, training and communications for agents.
“The response to our innovative model has been phenomenal, and we’re excited to bring this opportunity to the vibrant residential real estate community in South Africa,” said Michael Valdes, President of eXp Global. “In addition to increased revenue opportunities for agents, our focus on virtual technology and ability to deliver valuable marketing resources gives agents an advantage and positions them well for the future of real estate.”
“There are deep traditions within South Africa real estate, and we want to build on those. Our approach is to celebrate these diverse cultures and blend them with our innovative real estate opportunities to help develop agents throughout the country,” said eXp South Africa Designated Managing Broker Andrew Thompson. “eXp Realty’s global model and the expansion into South Africa further strengthens our international presence, and its unique revenue model is a game-changer for agents in our worldwide network. The kind of advanced technology and virtual experience that eXp South Africa offers will add massive value to both the agent and consumer experience.”
The company’s presence in South Africa will encompass a national footprint, including all major towns, cities and provinces. South Africa represents one of five countries
by the end of 2020, including France, India, Mexico and Portugal.
About eXp Realty is an eXp World Holdings, Inc. (Nasdaq: EXPI) company. eXp World Holdings also owns VirBELA. eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 35,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.
VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at .
Connect with eXp World Holdings and its companies: .
Media Relations Contact:eXp RealtyAlyson Austin949.403.0484alyson@gaffneyaustin.com
eXp South AfricaAmanda Wray082.854.2737amanda.wray@exprealty.net
Honorees Recognized for Achieving High Production and Cultural Goals
BELLINGHAM, Wash. October 2, 2020 — eXp Realty, one of the fastest-growing, global residential real estate companies, today announced that 109 agents were honored as eXp Realty ICON agents for September 2020.
The eXp Realty ICON Agent Award is reserved for agents who achieve exceptional production goals and positively impact company culture. This honor signals that these agents are leaders in their field and serve as examples to their colleagues by upholding the core values of eXp Realty.
eXp Realty ICON agents for September 2020 are as follows:
The eXp Realty ICON Agent Award provides each qualified ICON with up to $16,000 in publicly traded eXp World Holdings, Inc. common stock upon the achievement of certain production, cultural and event attendance goals. The company’s cap is presently set at $16,000. Through the program, ICONs effectively can earn up to their entire cap amount back in the form of stock. ICON agent qualification and benefit details are available in the .
About eXp Realty
eXp Realty is an eXp World Holdings, Inc. (Nasdaq: EXPI) company. eXp World Holdings also owns VirBELA.
eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 35,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.
VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.
Connect with eXp World Holdings and its companies: .
Media Relations Contact:Alyson Austinpress@exprealty.net
Investor Relations Contact:Molly Evolainvestors@expworldholdings.com
2020-10-02T06:12:46-07:00
Expansion Increases eXp Realty Canada Footprint
BELLINGHAM, Wash. and TORONTO, Oct. 01, 2020 — Today, eXp Realty, one of the fastest-growing, global residential real estate companies, announced that Toronto-GTA-based Christopher Invidiata and his team are joining eXp Realty as a broker partner. Invidiata and its 21 agents will join the 35,000 real estate agents in the global eXp Realty network, expanding the company’s existing Canadian footprint and signalling its continued commitment to international expansion.
, a powerhouse luxury brand known for selling high-end properties throughout Canada, was established 35 years ago by Christopher Invidiata and was previously part of the RE/MAX network. Invidiata has sold more than $4 billion in residential real estate and was named the #1 RE/MAX team in Canada more than 15 times since 2001 as well as achieving #1 team worldwide in 2007 and 2012. As leaders in the real estate industry for more than three decades, Invidiata has consistently developed and maintained cutting edge marketing strategies combined with providing the highest caliber of service to clients to achieve its phenomenal growth.
With an ethos of “No home is too large or too small to be handled with the same level of care,” the Invidiata team completed over $250 million CND in sales volume with more than180 transactions in 2019.
The agreement allows Invidiata agents to benefit from eXp Realty’s unique financial model for residential real estate sales which goes beyond just commissions to also provide revenue share and stock options, creating an opportunity for agents to invest in their futures. The partnership model also offers agents health insurance and unique marketing resources, including its cloud-based virtual environment and customized technology platform that enhances virtual training, prospecting, sales and communications for agents. As with all eXp Realty broker partners, Invidiata will continue to operate under its strong brand name.
According to Christopher Invidiata, the move to partner with eXp Realty was exactly what he was looking for to catapult his team and brand into the future of where residential real estate is headed. “I’d been working toward a model that would give our agents more benefits, increased marketing resources and, most importantly, the opportunity to have an ownership stake,” he said. “We are always looking for the next growth opportunity and innovative move to continue our success at our team, and eXp is doing exactly what I had envisioned with the added benefit of being a virtual company, completely cloud-based with no brick and mortar. This is the future of real estate, and we’re delighted to be part of eXp Realty as it blazes a path forward. This is an exciting time to be a realtor.”
Michael Valdes, President, eXp Global said Invidiata is a stellar example of the kind of visionary company eXp looks to partner with. “We’re delighted to welcome Invidiata to the eXp global network,” he said. “As a recognized leader in the real estate arena, Christopher’s expertise has made him a sought-after speaker and mentor to real estate professionals in Canada, Argentina, Italy, South Africa, Turkey and the United States. The Invidiata commitment to quality and holistic brand building, as well as its desire to leap forward into the technology-driven virtual approach to residential real estate sales, is a perfect fit with what we have to offer.”
Unlike a traditional profit-sharing model, eXp’s revenue share program is unique in that the company shares 50% of its revenue received from each transaction before expenses are removed. Agents can benefit financially from “sponsoring” new agents into eXp every time that agent closes a sale that contributes revenue to eXp. In addition, there are no franchise or brokerage fees for eXp broker partners.
About eXp Realty
is an eXp World Holdings, Inc. (Nasdaq: EXPI) company. eXp World Holdings also owns VirBELA. eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies with more than 35,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.
VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at .
Connect with eXp World Holdings and its companies: .
About Invidiata
With 35 years of success in real estate, Invidiata prides itself in understanding the needs of their clients, achieving their goals and developing long-lasting relationships. The founder, Christopher Invidiata, has been recognized as one of the most successful real estate professionals in Canada and for over 30 years recognized as one of RE/MAX’s leading residential realtors in North America while servicing the Oakville, Burlington, Mississauga and Toronto markets.
The Invidiata team’s expertise and exceptional service has attracted Canada’s most influential families and earned them the #1 ranking team in Canada for over ten years and the prestigious honour of being named the #1 RE/MAX Team worldwide, multiple times. Invidiata has appeared on major media outlets, including CBC, CTV, CHCH, Breakfast Television, and The Globe and Mail. Visit
Media Relations Contact:eXp RealtyAlyson Austin949-403-0484
InvidiataJessica Panetta
Investor Relations Contact:Molly Evola
BELLINGHAM, Wash. — Sept. 22, 2020 — eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty and VirBELA, today announced the appointment of James Huang as president of the commercial division of eXp World Holdings, Inc. In this new role, Huang will be responsible for launching eXp’s commercial business and growing the footprint across the United States and globally.
Huang brings more than 20 years of commercial real estate experience to eXp with several years at commercial investment company Marcus & Millichap and 15 years leading his own full-service commercial real estate brokerage firm based in Los Angeles. Most recently, he was president of Sperry Commercial Global Affiliates. While at Sperry, his team grew and oversaw more than 65 affiliates located across more than 20 states and multiple countries.
“James is an innovator in the commercial real estate space and has held leadership roles in some of the most well-known and highly-regarded commercial firms in North America,” said Jason Gesing, eXp Realty CEO. “His experience is aligned with eXp’s shared values, and we see countless opportunities for innovation in our expansion into commercial real estate. We look forward to Jim’s leadership as we introduce new and unprecedented earning, learning and growth opportunities to the very best commercial agents and professionals in the business.”
Huang has a long history of service to the industry with board and leadership positions at many prominent trade groups, including for-profit and non-profits, such as the Asian Pacific Islander American Public Affairs Association. He is currently serving as president of the Asian Real Estate Association of America (AREAA). In an international capacity, he is currently president-elect of the Southern California division of FIABCI International Real Estate Federation, which is based in Paris, France. FIABCI is the world’s leading international real estate organization devoted to all real estate specialties and activities.
“I am very excited for this new opportunity with eXp Realty, a company that has dominated and thrived over the last couple of years,” said Huang. “I am looking forward to using eXp’s model and infrastructure to help develop and grow eXp’s commercial real estate and ancillary services division.”
Prior to real estate, Huang worked on Wall Street in brokerage and portfolio management, structured finance and consulting.
About eXp World Holdings
eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty, eXp Commercial, VirBELA and Showcase IDX.
eXp Realty, The Real Estate Cloud Brokerage, is the fastest-growing, global residential real estate company with more than 35,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.
VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual experience for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at virbela.com.
For more information, please visit the company’s website at .
Connect with eXp World Holdings and its companies:
Media Relations Contact:Alyson Austin
Investor Relations Contact:Molly Evola
Immersive, 3D platform expands leadership team as company sees exponential growth
SAN DIEGO — Sept 1, 2020 –, an immersive technology platform that is redefining the future of business, events and education, today announced the promotion of Craig Kaplan to Chief Customer Officer. In this expanded role, Kaplan will lead sales, marketing and customer operations, overseeing the entire customer journey from branding and messaging, to sales and customer onboarding, to account management and customer success.
Kaplan joined VirBELA as a strategic advisor in April, streamlining enterprise sales and customer success. During his first three months, the team closed more than 20 enterprise deals, which helped to accelerate the
in the second quarter of 2020.
“Craig is a valuable asset to the company and an experienced leader with genuine compassion for people, which has allowed him to act as a natural catalyst in growing our business” said Alex Howland, VirBELA president and co-founder. “We are thrilled to elevate him as Chief Customer Officer and eager to support his client-centric mindset at VirBELA.”
VirBELA builds virtual worlds and campuses for remote work, distance learning and events, complete with customizable spaces, including offices, auditoriums and even concert stages for virtual entertainment. As organizations transition to remote environments, Kaplan and his team will work closely with clients to ensure their success, while also expanding VirBELA’s position as the premier platform for resellers and distributors in the education, government, and enterprise spaces.
“VirBELA has built a massively scalable, immersive and engaging 3D platform that is ahead of the curve. As the market adapts and people continue to look for ways to connect in an increasingly remote world, our goal is to ensure an optimal customer experience,” said Kaplan. “We are establishing a new industry segment founded on virtual culture, which allows for flexible business engagements, event experiences and educational programs. VirBELA brings teams together, unifying communications, video conferencing, file-sharing and cloud applications — all in a secure campus that replicates a real-world experience.”
Kaplan has more than 20 years of sales and technology leadership experience, collected at both startups and Fortune 500 companies. Prior to VirBELA, he served as vice president of sales at EdgeCast Networks, which was acquired by Verizon in 2013. At Verizon, Kaplan served as vice president of global technology sales and anchored the company’s SMB, enterprise and security sales efforts, which grew to more than$250 million in three years. Kaplan has served the education community in board positions at UCLA, and in 2017, launched Southern California’s Startup Grind chapter to connect entrepreneurs and investors with local startups.
About VirBELA and eXp World Holdings
eXp World Holdings, Inc. (Nasdaq: EXPI) owns VirBELA, Showcase IDX and eXp Realty.
VirBELA is an immersive technology platform for business, events and education. Its modern, cloud-based environment provides a virtual world for workers, attendees, students and more to communicate, collaborate, meet and socialize. For more information, visit the company’s website at .
eXp Realty, The Real Estate Cloud Brokerage, is the fastest-growing, global residential real estate company with more than 32,000 agents in the United States, Canada, the United Kingdom and Australia. As a subsidiary of a publicly traded company, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.
For more information, visit the company’s website at .
Connect with eXp World Holdings and its companies:.
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