BELLINGHAM, WA–(Marketwired – Feb 6, 2015) – eXp Realty International Corporation (OTCQB:EXPI), the Agent-Owned Cloud Brokerage, today released its 2015 “Icon Agent Program” providing significant public equity awards to agents who achieve high levels of production within their marketplace and who represent a good cultural fit for the brokerage.
The program, aimed at attracting and incentivizing top agents into eXp Realty, provides each qualified “Icon” with up to sixteen thousand dollars ($16,000) in publicly-traded eXp Realty International Corporation common stock upon the achievement of certain production goals within an agent’s anniversary year. The Company’s cap is presently set at $16,000. Through the program, Icons effectively earn up to their entire cap amount back in the form of public company investment.
“This program allows some of the most talented and entrepreneurial professionals in the industry and in their marketplaces, to build an ownership stake in EXPI in a very significant way,” said President, Jason Gesing. “We believe that the most valuable asset of any brokerage is the agents who are part of it and at eXp Realty, our agents and brokers earn an increasing ownership stake in the organization simply by doing those things that agents are going to do anyway — close transactions, contribute to growth, and achieve at high levels. With this program, we’re simply extending that opportunity even further for those folks whose professionalism, expertise, and exceptional service attracts attention and respect within local markets.”
The program has transaction, production and gross commission thresholds that are adjusted according to average transaction value in a particular Icon’s market, and there is a vesting period attached to a portion of each award. Candidates for the program will be evaluated by a committee of existing eXp Realty Icons, ensuring that anyone admitted into the program fits into the Company’s collaborative culture of ownership.
For more information, or to be considered for the program, Icons are encouraged to visit: http://join.exprealty.com/icon-agent-questionnaire/
For those interested in talking with other investors about eXp Realty online join the conversation at: http://investorshangout.exprealty.com/
eXp Realty is a full-service real estate brokerage company providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. This effectively reduces their overhead, increases their profits, and provides greater service value to consumers.
As a publicly-traded company, eXp uniquely offers agents and brokers the opportunity to earn equity awards for production and contributions to company growth. The company also features an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow professionals who they attract into the Company.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. is the holding company for a number of companies most notably eXp Realty LLC, the Agent-Owned Cloud Brokerage™ as a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. eXp Realty, LLC and eXp Realty of Canada, Inc. also feature an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals who they attract into the Company.
eXp World Holdings, Inc. also owns 90.5% of First Cloud Mortgage, Inc. a Delaware corporation launched in 2015 and now licensed to originate mortgages in Arizona, California, New Mexico and Texas.
The corporate name change to "eXp World Holdings, Inc." has been approved by our Board and stockholders but is not yet effective, pending the mailing of a definitive information statement to our stockholders in accordance with applicable rules and a 20-day notice period thereafter.
As a publicly-traded company, eXp World Holdings, Inc. uniquely offers professionals within its ranks opportunities to earn equity awards for production and contributions to overall company growth.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the Company's expansion, revenue growth, operating results, financial performance and net income changes. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company's Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K.