In a world of technology if you’re not in it, you’re going to be left behind.
As an entrepreneur, a business woman, a mentor, a good vibe giver; I’m always growing, learning, and working on personal growth as well as constantly working to provide quality customer care to my clients and helping others any way I can. So naturally it was highly important that I partnered with a company who shares the same expectations as I do. I’m honored to be an agent owner with eXp Realty where professionalism and quality care remains a top priority coupled with cutting edge technology. This combinations makes us an exceptional blend to the real estate world.
Be the reason why someone knows about eXp Realty!
Should you have interest in joining eXp Realty or just wanting to see what all the hype is about, feel free to click this link → eXp Career
*The excerpt below was taken from the latest Financial Report with a link to the full report below.
Q1 2017 Revenues Accelerate; Increasing 208% to Record $22.0 Million
BELLINGHAM, WA – May 16, 2017 – eXp World Holdings, Inc. (OTCQB: EXPI), the holding company for eXp Realty LLC, The Agent-Owned Cloud Brokerage®, has provided a corporate update and its financial results for the first quarter ended March 31, 2017.
First Quarter 2017 Company Highlights
- Revenues in the first quarter of 2017 increased 208% to $22.0 million, compared to $7.1 million in the same year-ago quarter. Sequentially, this represents growth of 22% when compared to $18.0 million in the fourth quarter of 2016.
- Net loss in the first quarter of 2017 decreased to $0.1 million, or $(0.00) per diluted share, compared to net loss of $0.6 million, or $(0.01) per diluted share in the same year-ago quarter.
- Adjusted EBITDA (a non-GAAP financial measure) remained flat at $0.1 million in the first quarter of 2017, compared to $0.1 million in the same year-ago quarter.
- Agents and brokers on the eXp Realty platform increased 183% to 3,118 on March 31, 2017, compared to 1,103 in the same year-ago period. Sequentially, this represents growth of 23% when compared to 2,401 agents and brokers on the platform on December 31, 2016. As of May 12, 2017, the number of agents and brokers totaled 3,432.
“The rapid agent growth we experienced in 2016 has continued to accelerate in the first quarter of 2017, which drove record revenues of $22 million,” said Glenn Sanford, Founder, CEO and Chairman of eXp World Holdings, Inc. “This growth is a testament to the superior agent experience provided by our agent-centric model, which consists of a fully immersive cloud-based office environment, industry best revenue sharing incentives and unique agent-ownership opportunities.”
“We expect our agent growth trajectory to continue apace and revenue growth to continue accelerating as we attract ambitious, top producing agents away from legacy brick and mortar offices and to the eXp platform. We also recently attracted four highly qualified industry veterans to our management team—from firms such as Zillow, DocuSign, Onboard Informatics and Keller Williams—which we believe attests to the increasing prominence of our brokerage and the value proposition we provide.”
“As we move forward in 2017, we will continue investing in our core infrastructure to support our growth. The foundation we are building today will allow us to efficiently scale our innovative business model into a much larger, more mature organization, which ultimately, will create notable value for our shareholders.”
Read full article here → eXp Realty
Amanda Moore is a licensed Oklahoma Realtor with a passion for real estate in the City of Moore and Oklahoma City surrounding area’s. She regularly writes articles covering everything from listing and purchasing homes to local hot spots. Follow her on her blog at DreamOklahoma.com ~ Feel free to leave a comment or question.