Agent-Owned Cloud Brokerage Welcomes 26 Professionals Into Its Growing Network

BELLINGHAM, WA – May 23, 2014 – eXp Realty International Corporation (OTCBB: EXPI),

the Agent-Owned Cloud Brokerage, announced today that Willie Ip, one of the Founding Partners of Urban Realty Group out of Alberta, Canada has joined the company, along with 26 agents from the Urban Brokerage and the Calgary metropolitan region. The company has appointed Ip its Managing Broker in the Province of Alberta.

“The opportunity to launch and grow the eXp Realty brand in Alberta represents a once in a lifetime opportunity for me and my partners,” said Ip, who has also served as Urban’s broker of record from that firm’s earliest stages. “Our agents are some of the most talented and entrepreneurial professionals in the industry in this region, and the decision to join eXp provides each of them with the opportunity to grow and scale their own businesses, leveraging eXp Realty’s systems and technologies, and also allows them to become part of a culture that places a premium on collaboration, sharing across borders, and developing an ownership stake — not just in their careers but also in eXp Realty the company. With this decision, we’re really empowering each of our agents to step into the shoes of a broker owner without having to sacrifice their own commitment to excellent client service in their sales.”

As a cloud-based, full-service real estate brokerage company, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment, while reducing their overhead, increasing their profits, and providing greater service value to consumers.

As a publicly-traded company, eXp also 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 to agents a percentage of gross commission income earned by fellow professionals who they attract into the Company.

“We want to welcome each of the agents and brokers joining us in Calgary into our growing family of real estate professionals,” said eXp President Jason Gesing. “Since 2009, eXp Realty has been committed to providing agents, teams of agents, and brokerage-owners with the systems, support, culture and infrastructure needed to thrive in unpredictable economic conditions and to build scalable teams of agents in any of the markets the company serves without additional capital requirements.”

 

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.

For more information you can follow eXp World Holdings, Inc. on Twitter, LinkedIn, Facebook, YouTube, or visit investors.exprealty.com orwww.exprealty.com.

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.