eXp Realty Opens Brokerage Operations in New Zealand & More News Here

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BELLINGHAM, Wash., May 09, 2022 (GLOBE NEWSWIRE) — eXp Realty^®, the fastest-growing international actual property brokerage and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), has expanded into New Zealand. eXp Realty now operates in 21 markets with greater than 80,000 brokers around the globe.

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“Our launch in New Zealand further strengthens eXp’s position in the Asia Pacific region by complementing our existing operations in Australia, India and Hong Kong,” stated Michael Valdes, President of eXp Global. “Drawing benefits from its close ties to Australia, the New Zealand economy boasts a property market with healthy demand and a tech-focused culture that is highly adaptive to industry advancements. We are excited to empower agents in New Zealand by enabling their success with our unique model.”

eXp’s actual property brokerage operations in New Zealand will probably be led by Maria Stephens, who brings greater than a dozen years of expertise in the market. Stephens has labored each as an agent and in senior department administration, and takes satisfaction in giving again to her neighborhood.

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“As a company built by agents, for agents, eXp’s unique value proposition will drive an important evolution for real estate in New Zealand,” says Stephens. “With a highly competitive model, eXp offers our real estate community the opportunity to be part of a global powerhouse, with innovative tools, training and the freedom to effectively build a team and business.”

eXp Realty’s agile cloud-based work platform has allowed it to broaden quickly throughout the globe. New Zealand marks the third market to open in 2022, following the Dominican Republic and Greece earlier this yr.

eXp Realty’s monetary mannequin for residential and business actual property brokers affords a pretty fee construction, together with a income share mannequin, which attracts high brokers throughout the globe. Additionally, brokers earn fairness in the corporate by way of itemizing and promoting actions. eXp Realty’s cloud-based brokerage is powered by Virbela, the corporate’s immersive and collaborative digital platform, which allows its brokers to speak, meet and conduct enterprise in its metaverse, eXp World.

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About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding firm for eXp Realty^®, Virbela and SUCCESS^® Enterprises.

eXp Realty is the fastest-growing actual property firm in the world with greater than 80,000 brokers in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, the Dominican Republic, Greece and New Zealand and continues to scale internationally. As a publicly traded firm, eXp World Holdings gives actual property professionals the distinctive alternative to earn fairness awards for manufacturing objectives and contributions to general firm progress. eXp World Holdings and its companies provide a full suite of brokerage and actual property tech options, together with its progressive residential and business brokerage mannequin, skilled companies, collaborative instruments and private improvement. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that’s deeply social and collaborative, enabling brokers to be extra related and productive. SUCCESS Enterprises, anchored by SUCCESS journal and its associated media properties, was established in 1897 and is a number one private {and professional} improvement model and publication.

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For extra data, go to https://expworldholdings.com.

Safe Harbor Statement

The statements contained herein could embrace statements of future expectations and different forward-looking statements which can be based mostly on administration’s present views and assumptions and contain identified and unknown dangers and uncertainties that would trigger precise outcomes, efficiency or occasions to vary materially from these expressed or implied in such statements. Such forward-looking statements converse solely as of the date hereof, and the corporate undertakes no obligation to revise or replace them. These statements embrace, however aren’t restricted to, statements concerning the continued progress of our agent and dealer base; enlargement of our residential actual property brokerage enterprise into overseas markets; demand for distant working and distance studying options and digital occasions; improvement of our business brokerage and our means to draw business actual property brokers; and income progress and monetary efficiency. Such statements aren’t ensures of future efficiency. Important elements that will trigger precise outcomes to vary materially and adversely from these expressed in forward-looking statements embrace modifications in enterprise or different market situations; the problem of conserving expense progress at modest ranges whereas growing revenues; and different dangers detailed now and again in the corporate’s Securities and Exchange Commission filings, together with however not restricted to probably the most not too long ago filed Quarterly Report on Form 10-Q and Annual Report on Form 10-Okay.

Media Relations Contact:

eXp World Holdings, Inc.

[email protected]

Investor Relations Contact:

MZ Group – MZ North America

[email protected]

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