The virtual reality (VR) market is expected to top $126 billion by 2020, and for eXp World Holdings (OTCQB: EXPI), the fruits of this technology for use in the real estate industry are already apparent. The company’s Agent-Owned Cloud Brokerage™ division, eXp Realty, is a growing network of real estate professionals that use cloud-based technologies and an advanced VR platform to hold meetings, exchange ideas, take online classes, conduct business and more. “For years, virtual or augmented reality was the stuff of science fiction … But with rapid technological advancements … virtual reality has now stepped beyond the realm of sci-fi and socialization games … The model proposed by eXp Realty has been a tremendous success so far, making the brokerage the driving force behind eXp World Holdings’ impressive growth over the last few months. The company has 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 1,600 at the end of August.”
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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.
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 eXpRealty.com.
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