BELLINGHAM, Washington, December 15, 2020 (GLOBE NEWSWIRE) – eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company of eXp Realty, one of the world’s fastest growing residential and commercial real estate companies, developed in France, under the eXp France banner. In addition to its strong presence in the United States, eXp Realty also operates in seven other countries, including Australia, Canada, India, Mexico, Portugal, South Africa and the United Kingdom, with more than 40,000 agents around the world.
eXp Realty offers a unique financial model for residential and commercial real estate agents, going beyond attractive commissions to provide its agents with the opportunity to earn additional income by helping the company grow its agent base all over the world and to acquire shares in the shares of eXp World Holdings through listing and sale of activities. EXp’s cloud brokerage is powered by Virbela, the company’s immersive and collaborative platform, which enables its agents to communicate, meet and conduct business in a virtual world.
“Our expansion in France represents our last international expansion of 2020,” said Michael Valdes, president of eXp Global. “As the third largest economy in Europe, France is the ideal place to launch our innovative real estate model focused on agents. We have identified a significant opportunity in France to provide agents with a platform allowing potential financial independence and access to our exclusive and proprietary tools.
eXp France is managed by Samuel Caux, appointed delegated broker. Caux brings decades of experience in real estate in France.
“The launch of eXp France represents a significant opportunity for both the company and for agents across the country,” said Caux. “I am convinced that the cutting edge technology and virtual experience that eXp France offers will add considerable value to the agent and consumer experience.”
The company’s presence in France will include a national footprint, including all major cities and regions. France represents the last of the five countries eXp Global identified for expansion by the end of 2020. South Africa was launched in October 2020, India and Mexico in November 2020 and Portugal in December 2020.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) est la société holding d’eXp Realty, eXp Commercial, Virbela, Showcase IDX et SUCCESS Enterprises.
eXp World Holdings and its global broker, eXp Realty, is one of the world’s fastest growing real estate technology companies with over 40,000 agents in the United States, Canada, United Kingdom, Australia, South Africa, India, Mexico and Portugal and continues to expand internationally. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity awards for production goals and contributions to the overall growth of the business. eXp World Holdings and its operations offer a full suite of real estate and brokerage technology solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. Cloud-based brokerage is powered by a deeply social and collaborative immersive 3D platform, enabling agents to be more connected and more productive.
For more information visit https://expworldholdings.com/.
Safe Harbor Declaration
Statements contained in this document may include statements about future expectations and other forward-looking statements that are based on the current beliefs and assumptions of management and involve known and unknown risks and uncertainties that could cause results , actual performance or events differ materially from those expressed or implied. in such statements. Such forward-looking statements speak only as of the date hereof, and the company assumes no obligation to revise or update them. These statements include, but are not limited to, statements on the economic and social effects of the COVID-19 pandemic; the continued growth of our agent and broker base; the expansion of our residential real estate brokerage business in foreign markets; the demand for remote work and distance learning solutions and virtual events; the 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 expenditure growth at modest levels while increasing income; and other risks detailed from time to time in documents filed by the Company with the Securities and Exchange Commission, including, but not limited to, the latest Quarterly Report on Form 10-Q and the Annual Report on Form 10-K.
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