{"id":33979,"date":"2023-03-04T05:20:56","date_gmt":"2023-03-04T00:20:56","guid":{"rendered":"http:\/\/myanmarnewsgazette.com\/?guid=f4b14b1d664d4afb46922cc0043d7f93"},"modified":"2023-03-04T05:20:56","modified_gmt":"2023-03-04T00:20:56","slug":"exp-realty-paid-over-240-million-in-revenue-share-and-equity-benefits-to-agents-and-brokers-in-2022","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/exp-realty-paid-over-240-million-in-revenue-share-and-equity-benefits-to-agents-and-brokers-in-2022\/","title":{"rendered":"eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022"},"content":{"rendered":"<div>\n<p align=\"center\"><em>Aligning the interests of agents and brokers with the company they own is key to eXp Realty\u2019s long-term growth strategy<\/em><\/p>\n<h5>Revenue Share and Equity Benefits<\/h5>\n<div style=\"width: 610px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/ci3.googleusercontent.com\/proxy\/vQYEgqXYMyD4z6wBZL2voWCRD0Y63TSp0luCAYAMn2Fwh_o1XZUzvPg1XhdBY8-11Nw8eqjBm6BlsIQSk8hMmHdvkmombW9PIA_ynCXpvnPc8vN0j0zAxe94aHuT-Al9u1CMoIn8=s0-d-e1-ft#https:\/\/ml.globenewswire.com\/Resource\/Download\/e0d795ac-5bdd-4f9c-af3d-3f470035652e\" alt=\"REVEQSHARE-PR1200x630bl1 (1)\" width=\"600\" height=\"315\" name=\"m__GNW_RichHtml_External_IMG\" \/><\/p>\n<p class=\"wp-caption-text\">eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022<\/p>\n<\/div>\n<p align=\"left\">BELLINGHAM, Wash., March 03, 2023 (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DriDNh6xozxz8G2qCTloVQgspMOphOhkFWT-AwtblUF5z4Cw4lvtxMAS5y-kfCBXvXDl00iix5C0Ebhnw7Ed7ig%3D%3D&amp;source=gmail-html&amp;ust=1677993304862000&amp;usg=AOvVaw0xycpUSXqlLTl7UFyNBUfW\"  rel=\"nofollow noopener noreferrer\">eXp Realty<\/a><sup>\u00ae<\/sup>, \u201cthe most agent-centric real estate brokerage on the planet<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/>\u201d and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today released its 2022 revenue share and agent equity payout figures, demonstrating how its competitive compensation model underpins continued agent growth.<\/p>\n<p><strong>Revenue Share and Equity Paid to Agents and Brokers Continues To Increase Year-over-Year <\/strong><\/p>\n<ul type=\"disc\">\n<li>Revenue share to agents increased 20% to $202 million in 2022.<\/li>\n<li>eXp Realty distributed more profit\/revenue share benefits last year to agents and brokers than any other real estate brokerage model or platform.<\/li>\n<li>As part of our agent equity program, eXp World Holdings issued over 2.5 million EXPI shares to eXp Realty agents and brokers valued at more than $42.5 million.<\/li>\n<\/ul>\n<p>\u201cWhen eXp Realty was founded, we set out to build the most agent-centric brokerage that solved the biggest pain point in real estate for agents,\u201d said Glenn Sanford, Founder and CEO of eXp Realty. \u201cHistorically, agents were generally not offered meaningful ownership in the brokerages they were part of and the profit\/revenue sharing models didn\u2019t provide a viable path to potential retirement for the vast majority of agents.<\/p>\n<p>\u201cWith this in mind, an important part of building eXp was designing a truly aligned compensation model that rewards agents for their production and contribution to the company\u2019s growth. As we have disclosed in our fourth quarter and full-year 2022 results, our model and core business has proven to be sustainable in both good and bad markets. More importantly, it proves that we are delivering on the promise we made to agents when eXp was founded in 2009. By building the most agent-centric real estate brokerage on the planet, we continue to grow, improving the lives of agents around the world.<\/p>\n<p>All that being said, since becoming a public company in 2013, EXPI\u2019s stock has outperformed all other publicly traded real estate brokerages, franchisors and brokerage\/franchisor conglomerates. We also enjoy the highest market cap among all publicly traded residential real estate brokerage platforms, showing once again that focusing on the agent experience isn\u2019t just good for the agent, but it has also been good for long-term shareholders.\u201d<\/p>\n<h5>Revenue Share and Equity Benefits Detail<\/h5>\n<div style=\"width: 610px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/ci6.googleusercontent.com\/proxy\/8aXDmEMVgaKnKNHkV_eNrjVENKzC4K4rBK4ny8yLPlaL026GY1mVzN_xAUs0ySCrOhoRAH51DO_BWvPM76pONrVSKm1VYXHteWwpFIkVEIiMYGEfMbo2an_jXZKHmavvMhC45zZX=s0-d-e1-ft#https:\/\/ml.globenewswire.com\/Resource\/Download\/15708f42-8fb1-46df-b714-aebb17bf171a\" alt=\"REVEQSHARE-PR1200x630wt1 (1)\" width=\"600\" height=\"315\" name=\"m__GNW_RichHtml_External_IMG\" \/><\/p>\n<p class=\"wp-caption-text\">Revenue share to agents increased 20% to $202 million in 2022. eXp Realty distributed more profit\/revenue share benefits last year to agents and brokers than any other real estate brokerage model or platform. As part of our agent equity program, eXp World Holdings issued over 2.5 million EXPI shares to eXp Realty agents and brokers valued at more than $42.5 million.<\/p>\n<\/div>\n<p><strong>About eXp World Holdings, Inc. <\/strong><\/p>\n<p>eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty<sup>\u00ae<\/sup>, Virbela and SUCCESS<sup>\u00ae<\/sup> Enterprises.<\/p>\n<p>eXp Realty is the largest independent real estate company in the world with more than 87,000 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, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai 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 Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS<sup>\u00ae<\/sup> Enterprises, anchored by <em>SUCCESS<\/em><sup>\u00ae <\/sup>magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.<\/p>\n<p>For more information, visit <a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DBTzF3tTfGfwVtoIyC8KN-GzD1sAzB5cdFvDtHR4a1zi9aVrOke5xZGMiYf7n2eEj6Q5JO0yN1joThwsyXeMBDKpoa-Icia8XqD9LwuPXths%3D&amp;source=gmail-html&amp;ust=1677993304862000&amp;usg=AOvVaw18Vd-t9YDFJi8ID3-5JBlh\"  rel=\"nofollow noopener noreferrer\"><u>https:\/\/expworldholdings.com<\/u><\/a>.<\/p>\n<p><strong>Safe Harbor Statement<\/strong><br \/>\nThe statements contained herein may include statements of future expectations and other forward-looking statements that are based on management\u2019s 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 continued growth of our agent and broker base and expansion of our residential real estate brokerage business into foreign markets. 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\u2019s 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.<\/p>\n<p><strong>Media Relations Contact:<\/strong><br \/>\nJennifer Zimmerman<br \/>\neXp World Holdings, Inc.<br \/>\n<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DuDdLMe0gfKp4uG8vMxjqjFbI2W-o8g191hgJCthqOeZyh-wArCvJszjGzIg33jH2zuPG3ipbKC-Eb83Hj7rFgBLuIulfeCXuQcLeQFYMVWHWXMBNDPNf4vgaIR_tutLwZmv2MR8sNSRy9snVyXm_fA%3D%3D&amp;source=gmail-html&amp;ust=1677993304862000&amp;usg=AOvVaw0JNAWYCLwfjFSEpkadRV9L\"  rel=\"nofollow noopener noreferrer\"><u>mediarelations@<wbr \/>expworldholdings.com<\/u><\/a><\/p>\n<p><strong>Investor Relations Contact:<\/strong><br \/>\nDenise Garcia, Managing Partner<br \/>\nHayflower Partners<br \/>\n<a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DXHCTTyodf-968fCQJGlLYZVTZ9nOp8deqzh4zSOVr9ANXH3p1VTUEIBoErWvr8mmtZuq3533hIrsts1CGO_-ksO5fjhXodhKtDVQBZr5LVCjuls9Uja4xsy1SzcwCSLg&amp;source=gmail-html&amp;ust=1677993304862000&amp;usg=AOvVaw3bgXwotxCoVyGWQSxGIjyZ\"  rel=\"nofollow noopener noreferrer\"><u>investors@expworldholdings.com <\/u><\/a><\/p>\n<p>Photos accompanying this announcement\u00a0are available at<\/p>\n<p><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DBTzF3tTfGfwVtoIyC8KN-Hb5kn-60aVhL7O8h2smYXHPQrWcvIdTRwjuCfw4Yxya_domNtkv5JnNzCB9281WLIgmO4TXpxOyiqJ98wrf94UXH__q4dCSbnv_CV0DtVdlmWbXVbC84FUFAclwQlxUZyodm5jtKQA-QaLHWLJodXIsPHi9cIsCuDlog_-ltQejLlBFlRWd-zI5ibcVwhModzy0lQz0AIGvBSX6bNt3DSwuIniaV0HjCBeNpEZO_IeaVvfyHwVvoLQ7eK0vCwzuHw%3D%3D&amp;source=gmail-html&amp;ust=1677993304862000&amp;usg=AOvVaw1Vp47DNhO_1Fm6d2zqYdCB\"  rel=\"nofollow noopener noreferrer\">https:\/\/www.globenewswire.com\/<wbr \/>NewsRoom\/AttachmentNg\/<wbr \/>e0d795ac-5bdd-4f9c-af3d-<wbr \/>3f470035652e<\/a><\/p>\n<p><a href=\"https:\/\/www.google.com\/url?q=https:\/\/www.globenewswire.com\/Tracker?data%3DBTzF3tTfGfwVtoIyC8KN-Hb5kn-60aVhL7O8h2smYXHPQrWcvIdTRwjuCfw4YxyaiCwO81_yP60dBqgnyz--93favDVIOUMP1oKFF_aPasIHx1njff8KuULiGabp2C90ALcF26VhuY42mREH9dafBQcBUbD1Vq_08_ucsqvYwXspT-iIBV2yQ6sNBQ34dQd_DHFfZPq49CS2qcQFSpjpjOFIrfYO8KmtUZDcW0Bs0eehnh98K0sy_WGAfwwMskUxc-CpBMTvdRydlfrZHWK_yQ%3D%3D&amp;source=gmail-html&amp;ust=1677993304862000&amp;usg=AOvVaw20S88T5pqzRYNpxEUvcsaU\"  rel=\"nofollow noopener noreferrer\">https:\/\/www.globenewswire.com\/<wbr \/>NewsRoom\/AttachmentNg\/<wbr \/>15708f42-8fb1-46df-b714-<wbr \/>aebb17bf171a<\/a><img decoding=\"async\" src=\"https:\/\/ci5.googleusercontent.com\/proxy\/x5hiHMumsGh0kcNqbdHcLkCMGXKIHO-a0mWQLMeSGw55fwx4aKweMhgQMnj6PvtW1WUIBr0XScpXa4Irzy2dG_3jOzu4EU9CqPy55fOo-b8Jy15s3LFPfjEOOo9-KzEYTNUR6RKta07dEqLugZb9UkxUpLTdDp3CRSaT26bsM1__yPDWssmwR8Q7INB4knkPPy1a9A=s0-d-e1-ft#https:\/\/ml.globenewswire.com\/media\/N2QzNjZiODgtMWFjNS00MWNjLWFiYzEtMDNlNDdmNDZlYjlkLTExMDQzNDY=\/tiny\/eXp-World-Holdings-Inc-.png\" \/><\/p>\n<p align=\"center\">GlobeNewswire Distribution ID 8781588<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aligning the interests of agents and brokers with the company they own is key to eXp Realty\u2019s long-term growth strategy Revenue Share and Equity Benefits BELLINGHAM, Wash., March 03, 2023 (GLOBE NEWSWIRE) \u2014 eXp Realty\u00ae, \u201cthe most agent-centric real estate brokerage on the planet\u2122\u201d and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022 - Myanmar News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myanmarnewsgazette.com\/exp-realty-paid-over-240-million-in-revenue-share-and-equity-benefits-to-agents-and-brokers-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022 - Myanmar News Gazette\" \/>\n<meta property=\"og:description\" content=\"Aligning the interests of agents and brokers with the company they own is key to eXp Realty\u2019s long-term growth strategy Revenue Share and Equity Benefits BELLINGHAM, Wash., March 03, 2023 (GLOBE NEWSWIRE) \u2014 eXp Realty\u00ae, \u201cthe most agent-centric real estate brokerage on the planet\u2122\u201d and the core subsidiary of eXp World Holdings, Inc. 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