Posts Tagged ‘eXp Realty’

Born during the aftermath of the financial meltdown a decade ago, a publicly-traded real estate brokerage called eXp Realty is establishing itself as one of the brightest rising companies in its industry—and one of the most creative users of digital technology today.

By several measures, the company is experiencing a moment of true exponential growth.

Since last October, eXp Realty’s stock price has surged more than 300 percent, and this year the company announced they had doubled their number of real estate agents in just seven months. At the beginning of the year, they had roughly 6,500 brokers, but today they have over 12,000 operating in more than 300 markets across the US and Canada. This pace of growth is unprecedented for a single national brokerage and almost unthinkable for a real estate company not structured as a collection of local franchises.

This past May, eXp Realty marked a critical turning point by moving its listing from a penny stock exchange to the Nasdaq—a major signal of market legitimacy. The move was an immediate success, as their market capitalization crossed $1 billion on the first day of trading.

In the world of real estate, as Brad Inman puts it, “the company has gone viral.”



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