Exp World Holdin Stock Price, News & Analysis

eXp Realty has recognized 50 agents as ICON agents for June 2020 for exceptional production and positive cultural impact. This award aligns with eXp Realty's core values and offers each ICON agent up to $16,000 in publicly traded eXp World Holdings stock upon achieving specified goals. eXp Realty, a subsidiary of eXp World Holdings (Nasdaq: EXPI), serves over 30,000 agents globally, providing opportunities to earn stock based on performance. The company is also known for its immersive virtual platform, VirBELA.

eXp World Holdings (Nasdaq: EXPI) announced a virtual fireside chat featuring CEO Glenn Sanford and CFO Jeff Whiteside on June 19 at 8 a.m. PT. The session will cover the company's performance and future prospects, with a strategic update indicating strong financial results.

eXp projects net income for the third consecutive quarter, anticipating it could be the company's most profitable quarter. Plans for international growth and a focus on commercial real estate aim to enhance revenue contributions. Additionally, VirBELA is seeing increased demand due to the shift to remote work.

VirBELA has partnered with HTC VIVE to launch VIVE Campus, part of the new XR Suite aimed at enhancing virtual collaboration. Expected in Q3 2020, this suite includes five applications designed for remote work, productivity, and social interaction. This partnership aligns with increasing enterprise VR demand, allowing users to work seamlessly from anywhere. VirBELA's platform supports thousands of simultaneous users, enabling efficient content sharing and collaboration. This strategic collaboration aims to redefine business interaction in a socially distant world, catering to both enterprises and educational institutions.

eXp Realty has surpassed 30,000 real estate agents across multiple countries, marking a 50% increase from the previous year. The company was recognized for its significant growth in the Swanepoel Mega 1000 list, ranking No. 2 for sales volume growth, No. 3 for closed transactions, and No. 4 for closed sales volume in 2019. CEO Jason Gesing attributed this growth to the company’s innovative cloud-based platform and the increasing appeal of virtual office environments during the pandemic.

eXp World Holdings (Nasdaq: EXPI) has appointed Felicia "Fee" Gentry to its board of directors, effective May 28, 2020. Gentry, an eXp Realty agent in Texas and co-founder of the diversity initiative ONE eXp, brings over 15 years of real estate experience. Her appointment is expected to enhance discussions and drive growth, as noted by CEO Glenn Sanford. eXp Realty boasts over 29,000 agents globally, offering unique stock earning opportunities to its professionals.

eXp Realty has recognized 48 agents as ICON agents for May 2020, honoring their exceptional production and cultural contributions. To achieve this status, agents must meet specific production goals aligned with eXp Realty's core values. Each ICON agent can earn up to $16,000 in eXp World Holdings stock based on their performance and participation. With over 29,000 agents globally, eXp Realty continues to expand as a leading residential real estate company.

eXp World Holdings held its first virtual eXp Shareholder Summit, attracting over 9,500 participants from 27 countries. This significant event, traditionally in-person, successfully transitioned to a virtual format due to COVID-19, utilizing technology by its subsidiary VirBELA. The summit featured 75 breakout sessions and an expo hall, with around 1,200 attendees per session and more than 3,000 expo visits in one day. CEO Glenn Sanford emphasized that eXp's virtual capabilities allowed them to host an even better event, showcasing their adaptability in challenging times.

VirBELA, an eXp World Holdings subsidiary, is experiencing significant growth amid the rise of remote work, with sales increasing by over 600% and traffic to its Open Campus up 450%. The company provides immersive technology for virtual business environments, supporting organizations like Laval Virtual that hosted over 6,600 attendees globally. Partnering with eXp Realty, it facilitated the rise from 900 to more than 28,000 agents in under four years. This platform boosts productivity by eliminating the need for physical offices, enabling companies to adapt to a remote-first culture.