eXp World Holdings

eXp World Holdings, Inc. (NASDAQ: EXPI) is a global holding company headquartered in Bellingham, Washington, United States. Founded in 2008, it specialises in cloud-based real estate brokerage services and virtual collaboration technologies. The company operates through its subsidiaries, including eXp Realty, eXp Commercial, and FrameVR.io.

eXp Realty is a cloud-based real estate brokerage that facilitates residential property transactions in several countries. It offers virtual tools, training, and resources for real estate agents, eliminating the need for physical offices. eXp Commercial focuses on commercial real estate transactions, utilising the same cloud-based approach. FrameVR.io develops immersive 3D virtual environments to support collaboration, training, and remote work for businesses.

eXp has a significant global presence, operating in countries such as the United States, Canada, the United Kingdom, Australia, France, India, Mexico, Portugal, and South Africa. Its technologies allow businesses and agents to operate flexibly and at scale, ensuring operational resilience and promoting global connectivity.

The company emphasises community by providing agents and employees with access to mentorship, training programmes, diversity initiatives, and resources. It also offers compensation packages that include stock options, revenue sharing, and healthcare benefits.

eXp World Holdings is led by Glenn Sanford, its founder, chairman, and CEO. The company focuses on redefining real estate practices through cloud-based solutions and virtual reality technologies.

In the third quarter of 2024, eXp reported revenue of $1.2 billion, driven by increased home sales prices and agent productivity. However, it recorded a net loss of $6.5 million due to a litigation contingency provision.

The company trades on NASDAQ under the ticker EXPI, with its stock price reflecting its market position. eXp World Holdings continues to innovate by using technology to transform real estate and work practices globally.

eXp World Holdings, Inc. was founded in 2008 by Glenn Sanford in Bellingham, Washington, United States. It began as an innovative approach to real estate brokerage, using cloud-based solutions to replace the traditional brick-and-mortar model. The company was created to provide real estate agents with the tools and flexibility to operate remotely while maintaining productivity and collaboration.

2009-2014: eXp Realty, the company’s flagship subsidiary, introduced a virtual office model that allowed agents to work from anywhere, providing access to training, resources, and support through its online platform. This innovative approach enabled the company to expand across the United States. By 2013, eXp Realty became a publicly traded company, offering revenue-sharing opportunities and equity ownership to its agents.

2015-2018: eXp Realty continued its expansion into Canada, marking its first international venture. It also developed and introduced the eXp World, a virtual reality environment powered by the VirBELA platform, which provided a more interactive way for agents to collaborate and access resources.

2019-2020: eXp World Holdings expanded further into new markets, including the United Kingdom, Australia, and South Africa. During this period, the company also launched eXp Commercial to cater specifically to commercial real estate needs. The adoption of cloud-based technologies gained significant momentum, especially during the global pandemic, which highlighted the importance of virtual collaboration.

2021-2023: The company expanded to over 20 countries, including France, India, and Mexico. It also launched FrameVR.io to develop immersive virtual environments for broader industries beyond real estate. The company focused on enhancing its compensation programmes, including stock options and revenue sharing for agents, and introduced new training and mentorship initiatives.

2024: eXp reported quarterly revenue of $1.2 billion in Q3 2024, driven by increased home sales prices and agent productivity. However, the company faced a $6.5 million net loss due to a litigation contingency provision. eXp continues to prioritise global expansion and technological innovation, operating subsidiaries such as eXp Realty, eXp Commercial, and FrameVR.io, with a strong emphasis on creating flexible, scalable, and community-driven solutions.

Today, eXp World Holdings remains a leading company in cloud-based real estate brokerage and virtual collaboration technologies, with its stock trading on NASDAQ under the ticker EXPI. It continues to redefine the way businesses operate and people work together globally.

eXp World Holdings aims to redefine work and success in a changing world. Its mission is to empower individuals and businesses through innovative, cloud-based technologies that allow for global scalability and operational flexibility. By providing tools, resources, and a supportive community, eXp enables real estate agents, businesses, and individuals to achieve financial stability and growth. The company focuses on creating opportunities for collaboration and learning, helping people to thrive in a digital-first environment. Through its subsidiaries, eXp fosters a people-first approach, ensuring everyone has the means to succeed in their professional and personal goals.

eXp World Holdings envisions a future where work is transformed through technology and collaboration. The company strives to create a global ecosystem where businesses and individuals can operate flexibly and efficiently. By using cloud-based solutions and virtual environments, eXp seeks to build resilient systems that connect people across boundaries. Its vision includes promoting growth, innovation, and sustainability while empowering communities to learn, earn, and succeed. eXp is committed to redefining traditional work models, ensuring that everyone has the resources and opportunities to reach their full potential in a rapidly changing world.

eXp World Holdings has earned recognition for its innovative approach to real estate and virtual collaboration. It has been listed on the Fortune 500 and recognised as one of the Best Places to Work by Glassdoor, highlighting its employee-centric model. eXp Realty has received multiple awards for its cloud-based brokerage, including being named the Most Innovative Brokerage by Inman. The company’s founder, Glenn Sanford, has also been acknowledged for his leadership in the real estate industry.

Products and Services of eXp World Holdings, Inc.

eXp World Holdings, Inc. offers a range of products and services primarily focused on real estate, virtual collaboration, and technological solutions. Its offerings are designed to empower businesses, real estate agents, and individuals by leveraging cloud-based technologies and virtual environments. Below is a detailed overview of the company's key products and services.

eXp Realty by eXp World Holdings

eXp Realty is the flagship subsidiary of eXp World Holdings, providing cloud-based real estate brokerage services. It eliminates the need for physical offices, allowing real estate agents to operate remotely while accessing the tools, training, and support needed to succeed. The platform offers:

• Virtual Office Environment: Powered by VirBELA, eXp Realty’s virtual office enables agents to collaborate, attend training sessions, and connect with peers in an immersive, online setting.
• Revenue Sharing and Equity: Agents earn through a revenue-sharing programme and receive stock options, aligning their success with the company’s growth.
• Training and Resources: eXp Realty provides continuous professional development through more than 50 hours of live training sessions weekly. Topics include sales, marketing, technology, and industry updates.
• Global Reach: eXp Realty operates in over 20 countries, including the United States, Canada, the United Kingdom, Australia, India, France, and South Africa. Its cloud-based model ensures agents can work anywhere in the world.

eXp Commercial

eXp Commercial focuses on the commercial real estate sector, offering services tailored for businesses, investors, and commercial property transactions. Like eXp Realty, it uses the cloud-based virtual office environment to support brokers and agents. Key features include:

• Access to industry-specific training and tools.
• Virtual collaboration for seamless transactions.
• Resources for navigating complex commercial property markets.

 eXp World Holdings FrameVR.io 

FrameVR.io is a platform designed to create immersive virtual environments for collaboration and training. It goes beyond real estate to serve businesses and educational institutions. Features include:

• Custom Virtual Spaces: Businesses can create tailored virtual environments for meetings, conferences, or training.
• Cross-Industry Use: FrameVR.io supports industries like healthcare, education, and corporate training, enabling remote engagement.
• Ease of Access: The platform works on web browsers, making it accessible without requiring additional software installations.

VirBELA

VirBELA is the technology backbone of eXp World Holdings, enabling its virtual office environments. It supports real-time communication, virtual conferences, and collaboration, creating a seamless experience for remote teams. VirBELA’s applications include:

• Team Collaboration: Allows companies to work in a shared virtual space regardless of location.
• Event Hosting: Used for large-scale events like eXp’s annual EXPCON conference.

Community and Support Services

eXp World Holdings emphasises the importance of community and professional growth. It offers mentorship programmes, diversity initiatives, and a global network that connects agents, employees, and partners. Additionally, agents benefit from:

• Healthcare Options: Access to quality healthcare plans.
• Stock Programmes: Equity ownership aligns personal and organisational goals.

Sustainability Initiatives by eXp World Holdings

eXp integrates sustainability into its business model by promoting remote work, reducing physical office requirements, and utilising technology to minimise its environmental impact.