Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

eXp World Holdings Expands Real Estate Operations Into Germany

One of the Fastest-growing Global Real Estate Companies Accelerates Its Footprint in the EMEA Region With the Opening of eXp Germany

BELLINGHAM, Wash., Aug. 31, 2021 (GLOBE NEWSWIRE) -- eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing real estate companies in the world, has expanded into Germany, under the eXp Germany banner. eXp now operates in 18 countries and territories with more than 62,000 agents across the globe.

eXp offers real estate agents a unique cloud-based work platform and a compelling commission model, which includes company equity. The agile and universally attractive model has allowed eXp to spread rapidly across the globe, opening five new countries in 2020, and nine new markets thus far in 2021, with the opening of Japan also planned for this year.

eXp Realty’s worldwide expansion is being led by Michael Valdes, President of eXp Global and an international real estate veteran with experience opening markets around the world.

“Our decision to enter the German market comes on the heels of unprecedented growth at eXp and reflects the momentum we are experiencing in the EMEA region and our ambitions for future growth,” said Valdes. “Germany is the fourth-largest economy in the world and the most populated country in Western Europe, making it one of the largest players in the real estate market. With a thriving presence in six European markets already, Germany was a natural next step for eXp, as we continue to bring our life-changing business model to agents around the world.”

eXp Germany’s brokerage operations will be led by Ilka Vietz, Managing Director, eXp Germany. Vietz has nearly 20 years of experience in the German market. She is a certified neuro-linguistic programming (NLP) coach and trainer, has headed regional real estate departments for various banks and worked successfully as a real estate agent herself.

“With the launch of eXp Germany, real estate brokers and agents will now be given the opportunity to build their businesses and generate a sustainable long-term income,” says Vietz. “eXp technology enables global collaboration that will revolutionize the brokerage landscape in Germany.”

Germany represents the second of three markets that eXp Global has identified for expansion in the third quarter of 2021, having opened Panama in July and Japan is slated to open later in the year. Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain and Israel have already begun operations in the first two quarters of the year.

eXp Realty offers a unique financial model for residential and commercial real estate agents, going beyond commissions to provide its agents with an opportunity to earn additional income by helping the company to grow its revenue base anywhere in the world. Agents can also earn equity in eXp World Holdings stock for listing and selling activities. eXp’s cloud-based brokerage is powered by Virbela, the company’s immersive and collaborative 3D platform, enabling agents and staff to communicate, meet and conduct business in a virtual world.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela, Showcase IDX and SUCCESS Enterprises.

eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 62,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive.

For more information, visit https://expworldholdings.com/.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:
eXp World Holdings, Inc.
[email protected]

Germany Media Relations Contact:
Arne Pflugrad
​​[email protected]

Investor Relations Contact:
MZ Group – MZ North America
[email protected]

An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/924575c6-d0ba-4c13-af06-1dea3caae9f2


Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).