Fast-growing eXp World Holdings, Inc. (OTCQB: EXPI), owner of unique real estate brokerage firm eXp Realty, recently appointed industry veteran Russ Cofano as its new president and general counsel, a move likely to bring the company added value and more expertise in the real estate field. Cofano, who served as chief strategy officer and general counsel since late June, is replacing Jason Gesing as president. Gesing will stay on as CEO of eXp Realty.
Cofano, a highly experienced real estate professional, is expected to help drive a new chapter of growth for eXp World Holdings and its companies, the group’s CEO and Chairman Glenn Sanford believes. The new president has years of experience in the field, having worked with several major realtors in the U.S. before joining eXp World Holdings.
The decision, which became effective immediately following its September 23 announcement, came just a couple of weeks before eXp Realty’s annual real estate conference in San Antonio, Texas. The third edition of eXpCon, scheduled for October 5-7, has already been sold out and is expected to bring together more than 600 of the brokerage division’s agents and brokers – more than three times the turnout from last year’s event.
The record attendance numbers are indicative of the company’s strength and reflect the Agent-Owned Cloud Brokerage’s growing trend this year. eXp Realty has been the driving force behind the entire group’s remarkable growth over the last few months, based largely on its unique cloud-based business model. eXp World Holdings reported record revenues in the first two quarters (more than $7 million in Q1, $13 million in Q2) and a significant increase in its number of agents, topping 1,700 at the end of September. The business model proposed by eXp Realty completely eliminates the costs associated with running a brick-and-mortar office, allowing members to provide more efficient services to consumers while increasing their own profit with lower risk. The beauty of the system is that agents and brokers can operate from the comfort of their own homes without having to worry about franchise fees, desk fees or other similar expenses, as their activity takes place in a cloud-based office environment.
This year’s conference highlights will include keynote addresses from business and real estate gurus such as Rick Miller and Stefan Swanepoel. Miller, who was elected independent director to the eXp Board in July, will deliver the opening keynote address. His experience as CEO or president of various companies ranging from a startup to a nonprofit and his unconventional management approach have made him one of the most notable business leaders of the moment.
Real estate visionary Swanepoel will give his keynote address on the morning of October 6. Author of more than 30 books and reports on the real estate brokerage business, Swanepoel has given over 1,000 talks to one million people throughout his career and currently owns the T3 Sixty Group, a leading real estate multi-solution group that offers consultancy services and produces some of the industry’s most authoritative reports, such as the Swanepoel Power 200, the Swanepoel TRENDS Report, the T3 Risk Guide, the T3 Tech Guide and The Real Estate Confronts series. He also serves as editor-in-chief of SP200, which ranks the most powerful real estate people, and as host of the real estate T3 Summit.
For more information, visit the company’s website at www.eXpWorldHoldings.com
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