eXp Realty News

  • VirBELA Announces Craig Kaplan as Chief Customer Officer
    on September 1, 2020 at 1:16 pm

    VirBELA, 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.

  • Earnings Estimates Rising for Exp World Holdings, Inc. (EXPI): Will It Gain?
    on August 28, 2020 at 4:20 pm

    Exp World Holdings, Inc. (EXPI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

  • Exp World Holdings, Inc. (EXPI) Is Up 18.2% in One Week: What You Should Know
    on August 28, 2020 at 4:00 pm

    Does Exp World Holdings, Inc. (EXPI) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • eXp World Holdings (NASDAQ:EXPI) Has A Rock Solid Balance Sheet
    on August 25, 2020 at 12:39 pm

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • eXp World Holdings (EXPI) Looks Good: Stock Adds 8.7% in Session
    on August 14, 2020 at 12:46 pm

    eXp World Holdings (EXPI) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

  • Looking Into eXp World Holdings's Return On Capital Employed
    on August 13, 2020 at 4:03 pm

    Looking at Q2, eXp World Holdings (NASDAQ: EXPI) earned $8.32 million, a 3842.65% increase from the preceding quarter. eXp World Holdings also posted a total of $353.52 million in sales, a 30.25% increase since Q1. In Q1, eXp World Holdings earned $211.00 thousand, and total sales reached $271.42 million.What Is Return On Capital Employed? Changes in earnings and sales indicate shifts in eXp World Holdings's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed in a business. Generally, a higher ROCE suggests successful growth in a company and is a sign of higher earnings per share for shareholders in the future. In Q2, eXp World Holdings posted an ROCE of 0.11%.It is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.View more earnings on EXPIROCE is an important metric for the comparison of similar companies. A relatively high ROCE shows eXp World Holdings is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will lead to higher returns and earnings per share growth.For eXp World Holdings, the return on capital employed ratio shows the number of assets can actually help the company achieve higher returns, an important note investors will take into account when gauging the payoff from long-term financing strategies.Q2 Earnings Insight eXp World Holdings reported Q2 earnings per share at $0.11/share, which beat analyst predictions of $-0.01/share.See more from Benzinga * Stocks That Hit 52-Week Highs On Thursday * Stocks That Hit 52-Week Highs On Wednesday * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • VirBELA sees 260% pop in Q2 revenue amid work from home surge
    on August 12, 2020 at 7:48 pm

    Glenn Sanford, eXp World Holdings CEO & VirBELA Chief Strategy Officer, joins Yahoo Finance's Zack Guzman to discuss the VirBELA's Q2 growth as more Americans continue to work from home.

  • Green Brick Partners Earns Membership In 95-Plus Composite Rating Club
    on August 6, 2020 at 11:01 pm

    Green Brick Partners saw its IBD SmartSelect Composite Rating jump to 97 Thursday, up from 94 the day before.

  • eXp to Expand Global Footprint
    on August 6, 2020 at 3:00 pm

    France, India, Mexico, Portugal and South Africa to Open by Year EndBELLINGHAM, Wash., Aug. 06, 2020 (GLOBE NEWSWIRE) -- eXp, one of the fastest-growing, global residential real estate companies and a subsidiary of eXp World Holdings (Nasdaq: EXPI), today announced it intends to expand real estate operations to France, India, Mexico, Portugal and South Africa by the end of 2020. eXp already has established market share with more than 32,000 agents across the United States, Canada, the United Kingdom and Australia. With expansion into new countries, the company will bring on experienced local teams in each country to lead agent operations and services.“We’ve seen the eXp model received with such enthusiasm globally and we are excited to announce that we plan to have these five countries open before year end,” said eXp’s EVP of International Expansion Michael Valdes. “These countries were selected for their vibrant real estate market and geographic locations, creating a strategic foothold that will serve as an anchor for our continued growth next year and beyond.”Innovation is part of eXp’s culture. For agents, eXp offers a range of technology tools and services as well as education and training to help its agents grow their business. As a subsidiary of a publicly traded company, eXp World Holdings, eXp uniquely offers real estate professionals within its ranks opportunities to earn stock for production and contributions to overall company growth.About eXp eXp is an eXp World Holdings, Inc. (Nasdaq: EXPI) company. eXp World Holdings also owns Showcase IDX and VirBELA.eXp, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies 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 uniquely offers real estate professionals within its ranks opportunities to earn eXp World Holdings stock for production and contributions to overall company growth.Showcase IDX is the leading real estate search technology company in the United States that helps agents market and grow their businesses and online presence. Showcase IDX’s services include property search for online and mobile platforms, lead generation, state-of-the-art mapping, and CRM tools and integration.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: https://expworldholdings.com/socialMedia Relations Contact: Cynthia Nowak Vice president, marketing and communications, eXp World Holdings 360.419.5285 ext. 116 [email protected] Relations Contact: Raymond “RJ” Jones Executive Vice President, finance and growth, eXp World Holdings 360.761.4393 [email protected]

  • VirBELA Accelerates Growth 260% in Q2 2020
    on August 6, 2020 at 1:17 pm

    VirBELA, an immersive technology platform that's redefining the future of business, events and education, today announced exponential growth and momentum in the second quarter of 2020. Backed by a billion-dollar public parent company, eXp World Holdings, VirBELA has seen a 260% increase in revenue in the second quarter of 2020 compared to the first quarter of 2020, more than a five times increase in monthly active users and six times increase in new users. In addition, VirBELA has grown from 20 to 105 employees in the first half of 2020 and introduced several new product features to meet a demand surge from organizations looking to scale their business in an increasingly remote world.

  • Exp World Holdings, Inc. (EXPI) Q2 Earnings and Revenues Surpass Estimates
    on August 5, 2020 at 3:05 pm

    Exp World Holdings, Inc. (EXPI) delivered earnings and revenue surprises of 450.00% and 14.67%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

  • eXp World Holdings Reports Record Second-quarter Financial Results
    on August 5, 2020 at 1:45 pm

    Achieves Most Profitable Quarter in Company’s History Revenue Up 33% Year-over-year to $354 MillionBELLINGHAM, Wash., Aug. 05, 2020 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the parent company for eXp Realty and VirBELA, today announced financial results for the second quarter ended June 30, 2020.eXp World Holdings reported its most profitable quarter in its history with net income of $8.3 million in the second quarter, which represents continued progress toward the company’s goal of achieving positive earnings for a fiscal year. In addition, quarterly revenue grew 33% year over year to $354 million driven by eXp Realty’s continued strength in agent count and transactions during an unprecedented time for the real estate industry and the global economy.“Even in these uncertain times, eXp Realty continued to deliver on its value proposition to agents, brokers and consumers and report record financial results. We achieved the most profitable quarter in the company’s more than 10-year history with a positive net income for the third quarter in a row,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford.“Due to the performance of our agents and the power of our cloud-based brokerage model, eXp Realty achieved exceptional results with strong growth in all areas, despite initial impacts on the housing market from business restrictions related to COVID-19. eXp Realty always has pursued the minimum footprint required to operate and was able to more easily reduce expenses due to the pandemic, something  that traditional brick-and-mortar brokerages and franchises were unable to realize. During the quarter, agents continued to join us at the highest rate in the industry due to our overall value proposition and the ability to support them in the current environment, ending the quarter with more than 31,000 agents.“VirBELA expanded quickly during the quarter to keep up with demand as companies look to the future and how they will operate given all the uncertainties around physical office set-ups or how to hold events. We are engaged with hundreds of new and prospective clients, and VirBELA is positioned to substantially benefit from the global shift to remote work and events.”Second-quarter 2020 Financial Results Summary * Revenue increased 33% in the second quarter of 2020 to $354 million, compared to $267 million in the second quarter of 2019. * Gross profit grew 55% to $34.4 million in the second quarter of 2020, compared to $22.1 million in the second quarter of 2019. Gross profit is calculated as revenues less commission and other agent-related costs. * Net income was $8.3 million, or $0.11 per diluted share in the second quarter of 2020, compared to a net loss of $2.2 million, or $(0.04) per diluted share, in the second quarter of 2019. * Adjusted EBITDA (a non-GAAP financial measure) was $13.6 million in the second quarter of 2020, compared to $3.8 million in the second quarter of 2019. * Cash flow from operations increased 57% to $28.5 million in the second quarter of 2020, compared to $18.1 million in the second quarter of 2019.Second-quarter 2020 Operating and Business Highlights * The number of agents and brokers on the eXp Realty platform increased 54% to 31,091 at the end of the second quarter of 2020, compared to 20,162 a year ago. * Residential transaction sides closed for the second quarter of 2020 increased approximately 22% to 43,653, compared to 35,836 during the second quarter of 2019. * Residential transaction volume closed for the second quarter of 2020 increased approximately 26% to $13.0 billion, compared to $10.3 billion during the second quarter of 2019. * By focusing on the agent experience, eXp Realty earned a 70 agent Net Promoter Score, which measures agent satisfaction, for the second quarter in a row.“As we look toward the second half of 2020, we anticipate the presence and influence of COVID-19 to linger, but eXp World Holdings’ businesses are uniquely positioned to adapt and thrive,” said eXp World Holdings CFO and Chief Collaboration Officer Jeff Whiteside. “Combine agent excellence that delivers increased sales volume and attracts top-producing agents with the advantages of our cloud-based brokerage model and it is a cycle of success. We expect that the eXp Realty business and our agents will continue to adjust to ongoing economic conditions in the housing market. We also plan to formally announce our expansion into new international markets as well as a strategic initiative in commercial real estate. At VirBELA, we see significant growth opportunities ahead as remote work, distance learning and virtual events become the norm during this time of physical distancing.”Second-half 2020 Business Outlook * Revenue is expected to continue to grow year over year in the third and fourth quarters of 2020 due to anticipated growth in home transaction sides and commission revenue in eXp Realty. * eXp Realty expects to continue to add agents at levels above what competing national brokerages experience. The cloud-based remote model is very appealing to agents and independent brokerages, especially during this challenging time. * The acquisition of Showcase IDX was completed in July 2020, bringing a technology company focused on agent website and consumer real estate portal technology to eXp World Holdings. The company will continue to operate Showcase IDX and offer its services to clients. With this acquisition, eXp will be able to strategically focus on creating consumer home-search technology. * eXp Realty’s strategic focus on international growth will intensify, with plans to launch operations in five new countries in the second half of 2020. The company anticipates that international markets will become a material contributor to growth in the next twelve months.  * eXp intends to aggressively expand presence in commercial real estate by attracting a significant number of commercial real estate brokers to join the company in the next twelve months as a result of a strategic initiative. This initiative is anticipated to lead to commercial real estate becoming a strong contributor to growth of the company. * Affiliated services businesses in mortgage, title and iBuying are anticipated to become complementary contributors to growth in the coming year. * Accelerated growth opportunities for VirBELA are anticipated to continue. VirBELA has experienced a substantial increase in use and adoption due to its effectiveness in supporting remote working, remote learning and virtual events during this time of physical distancing. Recent adoption by the events industry is driving new use and increased awareness.eXp World Holdings Investor Q&A An investor Q&A will be held Thursday, Aug. 6 at 8 a.m. PT / 11 a.m. ET in the VirBELA Open Campus in the Auditorium. A livestream also will be available at expworldholdings.com/events. The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its companies.Use of Non-GAAP Financial Measures To provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, which is a non-U.S. GAAP financial measure and may be different than similarly titled measures used by other companies. It is presented to enhance investors’ overall understanding of the company’s financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP.The company’s Adjusted EBITDA provides useful information about financial performance, enhances the overall understanding of past performance and future prospects, and allows for greater transparency with respect to a key metric used by management for financial and operational decision-making. Adjusted EBITDA helps identify underlying trends in the business that otherwise could be masked by the effect of the expenses that are excluded in Adjusted EBITDA. In particular, the company believes the exclusion of stock and stock option expenses, provides a useful supplemental measure in evaluating the performance of operations and provides better transparency into results of operations.The company defines the non-U.S. GAAP financial measure of Adjusted EBITDA to mean net income (loss), excluding other income (expense), income tax expense, depreciation and amortization; stock-based compensation expense, and stock option expense. Adjusted EBITDA may assist investors in seeing financial performance through the eyes of management, and may provide an additional tool for investors to use in comparing core financial performance over multiple periods with other companies in the industry.Adjusted EBITDA should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with U.S. GAAP. There are a number of limitations related to the use of Adjusted EBITDA compared to Net Income (Loss), the closest comparable U.S. GAAP measure. Some of these limitations are that: * Adjusted EBITDA excludes stock-based compensation expense and stock option expense, which have been, and will continue to be for the foreseeable future, significant recurring expenses in the business and an important part of the compensation strategy; and * Adjusted EBITDA excludes certain recurring, non-cash charges such as depreciation of fixed assets and amortization of acquired intangible assets and, although these are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future.Safe Harbor Statement 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.About eXp World Holdings eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty, Showcase IDX and VirBELA.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.Showcase IDX is the leading real estate search technology company that helps agents market and grow their businesses and online presence. Showcase IDX’s services include property search for online and mobile platforms, lead generation, state-of-the-art mapping, and CRM tools and integration.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 www.expworldholdings.com.Connect with eXp World Holdings and its companies: https://expworldholdings.com/socialReported Consolidated ResultsEXP WORLD HOLDINGS, INC.  CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)          June 30, 2020  December 31, 2019   (unaudited)   ASSETS     CURRENT ASSETS     Cash and cash equivalents $63,551  $40,087  Restricted cash  17,405   6,987  Accounts receivable, net of allowance for credit losses of $1,260 and allowance for bad debt of $137, respectively  52,543   28,196  Prepaids and other assets  3,302   3,549  TOTAL CURRENT ASSETS  136,801   78,819  Property, plant, and equipment, net  6,080   5,428  Operating lease right-of-use assets  902   1,264  Other noncurrent assets  7   16  Intangible assets, net  2,837   2,677  Goodwill  8,248   8,248  TOTAL ASSETS $154,875  $96,452  LIABILITIES AND EQUITY     CURRENT LIABILITIES     Accounts payable $1,642  $2,593  Customer deposits  17,405   6,987  Accrued expenses  53,839   31,034  Current portion of long-term payable  970   916  Current portion of lease obligation - operating lease  727   435  TOTAL CURRENT LIABILITIES  74,583   41,965  Long-term payable, net of current portion  1,585   1,530  Long-term lease obligation - operating lease, net of current portion  175   829  TOTAL LIABILITIES  76,343   44,324  EQUITY     Common Stock, $0.00001 par value 220,000 shares authorized; 70,579 issued and 68,532 outstanding in 2020; 66,199 issued and 65,274 outstanding in 2019  1   1  Additional paid-in capital  160,643   130,682  Treasury stock, at cost: 2,047 and 925 shares held, respectively  (20,610)  (8,623) Accumulated deficit  (61,853)  (70,293) Accumulated other comprehensive income  147   200  Total eXp World Holdings, Inc. stockholders' equity  78,328   51,967  Equity attributable to noncontrolling interest  204   161  TOTAL EQUITY  78,532   52,128  TOTAL LIABILITIES AND EQUITY $154,875  $96,452                        EXP WORLD HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (In thousands, except per share data)         Three Months Ended June 30,  Six Months Ended June 30,    2020   2019   2020   2019  Revenues $353,525  $266,705  $624,946  $423,739  Operating expenses         Commissions and other agent-related costs  319,164   244,587   562,570   387,129  General and administrative expenses  25,155   23,204   52,015   42,905  Sales and marketing expenses  887   1,071   1,831   1,960  Total operating expenses  345,206   268,862   616,416   431,994    Operating income (loss)  8,319   (2,157)  8,530   (8,255) Other expense (income)         Other expense (income), net  11   (10)  49   25  Equity in losses of unconsolidated affiliates  12   -   34   -  Total other expense (income), net  23   (10)  83   25  Income (loss) before income tax expense  8,296   (2,147)  8,447   (8,280) Income tax expense  61   48   70   212  Net income (loss)  8,235   (2,195)  8,377   (8,492) Net loss attributable to noncontrolling interest  40   -   63   -  Net income (loss) attributable to eXp World Holdings, Inc. $8,275  $(2,195) $8,440  $(8,492)           Earnings (loss) per share         Basic $0.12  $(0.04) $0.13  $(0.14) Diluted $0.11  $(0.04) $0.12  $(0.14) Weighted average shares outstanding         Basic  67,756   61,526   66,751   61,138  Diluted  72,661   61,526   72,050   61,138                        US-GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION (In thousands)             Three Months Ended June 30,  Six Months Ended June 30,    2020   2019   2020   2019  Net income (loss) $8,235  $(2,195) $8,377  $(8,492) Other expense (income), net  23   (10)  83   25  Income tax expense  61   48   70   212  Depreciation & amortization expense (1)  856   534   1,781   974  Stock compensation expense  3,246   3,587   6,765   7,257  Stock option expense  1,227   1,831   2,300   3,046  Adjusted EBITDA $13,648  $3,795  $19,376  $3,022            (1) Note, stock payable amortization is included in other (expense)/income as such is not included in this amortization expense           Media Relations Contact: Cynthia Nowak Vice president, marketing and communications, eXp World Holdings 360.419.5285 ext. 116 [email protected] Relations Contact: Raymond “RJ” Jones Executive Vice President, finance and growth, eXp World Holdings 360.761.4393 [email protected]

  • eXp World Holdings Acquires Leading Real Estate Search Technology Company Showcase IDX
    on August 3, 2020 at 8:05 pm

    Companies to Create Consumer Home-search PlatformBELLINGHAM, Wash., Aug. 03, 2020 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the parent company for eXp Realty and VirBELA, today announced it has acquired all the assets of Showcase IDX, the leading real estate search technology company that helps agents market and grow their businesses and online presence. Showcase IDX’s services include property search for online and mobile platforms, lead generation, state-of-the-art mapping, and CRM tools and integrations. With this acquisition, eXp will be able to strategically focus on creating a consumer portal and continued innovation in the home-search technology space. Showcase IDX will continue the growth of its existing IDX product and business, providing customers ongoing value and improvements over time.Founded in 2003, Showcase IDX’s customers include thousands of agents from the United States’ most successful brokerages. Showcase IDX will be wholly owned by eXp World Holdings, but its business will remain separate and continue to operate its services for customers. Showcase IDX’s Founder and CEO Scott Lockhart and all staff will remain, moving the company’s Atlanta-based operations to a team suite in VirBELA Open Campus, a free virtual world where anyone can host or attend immersive online events, meetings and classes."We're very impressed by the technology and talent that Showcase IDX has assembled, and we look forward to working together to expand eXp’s reach by creating a consumer portal for home search, market intelligence and agent marketing,” said eXp World Holdings CEO and Founder Glenn Sanford. "Together, we have big plans to help agents engage with consumers in a more significant way, and ultimately build their business.”“The Showcase team has always had a mission of helping agents meaningfully connect and engage with online consumers, and joining the eXp World Holdings family will allow us to accelerate that,” said Lockhart. "We both are focused on creating new ways to help people find and buy the home of their dreams with the expertise of a professional real estate agent. This approach puts the home buyer and seller at the heart of the process, guided by innovative cloud-based tools for agents and teams that help provide consistently exceptional experiences at scale.”About eXp World Holdings eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty, Showcase IDX and VirBELA.eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing, global residential real estate companies 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.Showcase IDX is the leading real estate search technology company that helps agents market and grow their businesses and online presence. Showcase IDX’s services include property search for online and mobile platforms, lead generation, state-of-the-art mapping, and CRM tools and integration.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, please visit the company’s website at www.expworldholdings.com.Connect with eXp World Holdings and its companies: https://expworldholdings.com/socialMedia Relations Contact: Cynthia Nowak Vice President, marketing and communications, eXp World Holdings 360.419.5285 ext. 116 [email protected] Relations Contact: Raymond “RJ” Jones Executive Vice President, finance and growth, eXp World Holdings 360.761.4393 [email protected]

  • Key Factors to Impact eXp World Holdings (EXPI) Q2 Earnings
    on August 3, 2020 at 2:18 pm

    While demand for cloud-based real estate brokerage services, rise in use and adoption of VirBELA are likely to have aided eXp World Holdings (EXPI), a weak economy might have played spoilsport in Q2.

  • eXp Realty Announces July ICON Agents
    on July 30, 2020 at 5:00 pm

    Honorees Recognized for Achieving High Production GoalsBELLINGHAM, Wash., July 30, 2020 (GLOBE NEWSWIRE) -- eXp Realty, one of the fastest-growing, global residential real estate companies, today announced that 73 agents were honored as eXp Realty ICON agents for July 2020. The eXp Realty ICON Agent Award honors agents who achieve exceptional production goals and positively impact company culture. ICON status is reserved for agents who meet or exceed high production goals and operate in alignment with eXp Realty’s core values.eXp Realty ICON agents for July 2020 are as follows: * Angelica Albanese, Texas * Emillie Albrecht, Pennsylvania * Patrick Alderson, North Carolina * Victor Alonzo, Texas * Mario Baez, Texas * Matt and Renee Beaver, Texas * Rob Bell, Missouri * Alex Blythe, Kentucky * Eric Bogert, Florida * Colin Breadner, British Columbia * Jamie Broderick, Michigan * Martie and Matt Burnett, Tennessee * Jenn Carr, North Carolina and Virginia * Tina Caul, North Carolina * Christian Charron, Ontario * Sabre Cofer, Texas * Steven Croy, Florida * Gene Darden, Alabama * Angelo DePaola, Alabama and Florida * Rick and Tracy Ellis, Missouri * Nicole Espinosa, Texas * JP Fluellen, Wyoming * Aileen Fountain, Alabama * Lisa-Marie Franco-Garcia & Jesse Garcia, Wisconsin * Tracy and Brandon Frans, Nebraska * Renee & Maic Friedrich, California * Janette Friend-Harrington & Doug Harrington, Texas * Tiffany Gelzinis, Virginia * Martha and Bill Givens, Alabama * Richard and Tara Gowen, New Hampshire * Marc Hansen, Oregon * Seth Hellinga, Iowa * Kristjan Higdon, California * Harriet and Mike Hinson, Georgia * Erica Hoffman and Joshua Conzemius, Arizona * Andrew Iremonger, Florida * Kristi Jencks, Arizona * Erik Kelly, Arizona * Brandon Landry, Louisiana * Aaron Lebovic, Colorado * Kaila Lindsey, North Carolina and South Carolina * Heather Littrell, North Carolina * Allison Long, North Carolina * Tiffany Maddux, North Carolina * Jose Mayol, California * Spencer McDuffy, Texas * Katie McKinney, Oklahoma * Robert Mitchell, California * Jason and Sachi Mitchell, Hawaii and Texas * Matthew Mittelstadt, Texas * Kevin Mullaney, New Mexico * Marc Nespoli, Pennsylvania * Jacob Oommen, Texas * Andres Ospina Rivera, Florida * Cory Otto, Wisconsin * Christina Potter, Nevada * Jim Pruett, Indiana and Kentucky * Ally Puentes, Oregon * Mark and Sarah Raumaker, Florida * Della Runnels, Oklahoma * Enrique Serrano, Texas * Robin Wilson, Oklahoma * Nicole Smith Woodard, Texas * Robert Snyder, Minnesota and Wisconsin * Holly and Mike Stark, Michigan * Amy and Spike Steinhoff, Maryland * Farris Tarazi, California * Javier Tello, Texas * Somer Tinsley, Texas * Joseph Trujillo, California * David Vanassche and Priscilla Distelvelt, North Dakota * Gay Young, Tennessee * Chuck Zepp, MarylandThe 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 ICON Program Overview.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 30,000 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: https://expworldholdings.com/social.Media Relations Contact: Cynthia Nowak Vice President, marketing and communications, eXp Realty 360.419.5285 ext. 116 [email protected] Relations Contact: Raymond “RJ” Jones Executive Vice President, finance and growth, eXp World Holdings 360.761.4393 [email protected]

  • Exp World Holdings, Inc. (EXPI) Earnings Expected to Grow: Should You Buy?
    on July 29, 2020 at 4:33 pm

    Exp World Holdings, Inc. (EXPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • eXp World Holdings to Announce Second-quarter 2020 Results August 5, Host Virtual Investor Q&A August 6
    on July 28, 2020 at 8:05 pm

    BELLINGHAM, Wash., July 28, 2020 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty and VirBELA, today released preliminary second-quarter 2020 business highlights and announced it will report its second-quarter results after the market close on Wednesday, Aug. 5, 2020.  The company also will hold a virtual fireside chat between eXp World Holdings CEO and Founder Glenn Sanford and eXp World Holdings CFO Jeff Whiteside and John Campbell, Managing Director with Stephens Inc. on Thursday, Aug. 6 at 8 a.m. PT / 11 a.m. ET. The investor Q&A is open to investors, current shareholders and anyone interested in learning more about eXp World Holdings and its companies.Date: Thursday, Aug. 6 Time: 8 a.m. PT / 11 a.m. ET – 9 a.m. PT / noon ET Location: VirBELA Open Campus in the Auditorium. Join at virbela.com. Livestream: expworldholdings.com/eventsAbout eXp World Holdings eXp World Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty and VirBELA.eXp Realty, The Real Estate Cloud Brokerage, is the fastest-growing, global residential real estate company with more than 31,000 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 www.expworldholdings.com.Connect with eXp World Holdings and its companies: https://expworldholdings.com/social Media Relations Contact: Cynthia Nowak Vice president, marketing and communications, eXp World Holdings 360.419.5285 ext. 116 [email protected] Investor Relations Contact: Raymond “RJ” Jones Executive Vice President, finance and growth, eXp World Holdings 360.761.4393 [email protected]

  • Why eXp World Holdings Stock Cratered 17% at the Open on July 24
    on July 24, 2020 at 3:50 pm

    This real estate and technology company has been boosted by an investment theme that's run out of gas today.

  • 5 Real Estate Companies Outperforming the Benchmark
    on July 22, 2020 at 5:06 pm

    Power REIT tops the list Continue reading...

  • What Kind Of Shareholders Hold The Majority In eXp World Holdings, Inc.'s (NASDAQ:EXPI) Shares?
    on July 20, 2020 at 4:56 pm

    Every investor in eXp World Holdings, Inc. (NASDAQ:EXPI) should be aware of the most powerful shareholder groups...

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