eXp World Holdings, Inc. (OTCQB: EXPI) is a prime example of how technology is playing an increasingly vital role in the competitive real estate industry. eXp Realty, the company’s real estate division, is a fully agent-owned cloud brokerage using technology to maintain a competitive charge. At the beginning of 2016, 43% of real estate agencies said they expected competition from non-traditional firms, and a survey by the National Association of Realtors (NAR) (http://nnw.fm/j29lB) found that 46% of agencies believe the competition from virtual firms is increasing, compared to 17% of agencies expecting competition from brick and mortar firms. Leveraging the numerous benefits of a cloud-based office environment that enables agents and brokers to work, train, collaborate and grow the business, eXp Realty allows consumers to connect with industry professionals and buy and sell their homes without ever stepping foot in a real estate office.
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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 89.4% of First Cloud Mortgage, Inc. a Delaware corporation launched in 2015 and now licensed to originate mortgages in Arizona, California, Virginia and New Mexico. First Cloud Mortgage has positioned itself as a Planet Friendly Mortgage Company via the purchase of carbon offsets for homeowners offsetting the first year of the Carbon Footprint of the typical home on each mortgage originated through First Cloud Mortgage, Inc.
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, visit www.eXpWorldHoldings.com
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