{"id":56235,"date":"2023-09-07T17:05:24","date_gmt":"2023-09-07T17:05:24","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=112361"},"modified":"2023-09-07T17:05:24","modified_gmt":"2023-09-07T17:05:24","slug":"exp-realty-supercharges-agent-earning-potential","status":"publish","type":"post","link":"https:\/\/southafricavoice.com\/exp-realty-supercharges-agent-earning-potential\/","title":{"rendered":"eXp Realty Supercharges Agent Earning Potential"},"content":{"rendered":"

Introducing the “Accelerate” agent incentive program, breaking down growth barriers through accelerated revenue share opportunities<\/h4>\n
\n
\n
eXp Realty Supercharges Agent Earning Potential<\/h5>\n<\/div>\n
\n
\"\"<\/a><\/p>\n

Introducing the “Accelerate” agent incentive program, breaking down growth barriers through accelerated revenue share opportunities<\/p>\n<\/div>\n<\/div>\n

BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) — \u00a0<\/span>eXp Realty<\/a>\u00ae, \u201cthe most agent-centric real estate brokerage on the planet\"\u2122\"\u201d and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the launch of Accelerate \u2013 an incentive program focused solely on helping eXp agents build for their future by maximizing their revenue share earning potential during their first year with the company.<\/span><\/p>\n<\/div>\n

\u201cIn the lifespan of an agent, a critical component of long-term success is the ability to build for their retirement, so we launched Accelerate to help catalyze their potential earnings and create momentum in the first year and build for their future,\u201d said Glenn Sanford, Founder and CEO of eXp Realty. \u201cWe continue to be relentlessly focused on delivering a model that puts agents first. I couldn\u2019t be more proud of what we have created, especially for those looking to build long-term wealth, with our revenue share and equity programs for agents, as well as a favorable cap and split model.\u201d<\/p>\n

Accelerate, which is available in all 24 countries where eXp Realty operates, applies to agents who joined on or after March 1, 2023. The program automatically opens revenue share tiers 2 and 3 for 12 months beginning Sept. 7, 2023, creating the opportunity to have 10 front line qualifying agents (FLQA) immediately. This can open up the eXponential components of eXp\u2019s revenue share program in that first year. After the 12-month period, standard revenue share criteria will apply.<\/p>\n

\u201cAccelerate was designed to reduce barriers and incentivize agents to grow their organizations,” said Michael Valdes, Chief Growth Officer, eXp Realty. \u201cIt enables them to focus on selling and growing their businesses while earning the maximum potential revenue share for tiers two and three for the first year. Our aligned compensation model, where agents are rewarded for both production and contributions to eXp\u2019s growth, brings more value than ever before.\u201d<\/p>\n

This launch comes on the heels of the company\u2019s\u00a0June announcement<\/u><\/a>\u00a0that, for the first time, was refining revenue share criteria for its agents, reducing the current FLQA tier 7 threshold from 40 to 30 FLQA. As part of its efforts to continually enhance its model, the company also launched\u00a0Boost<\/u><\/a>, a program designed to financially incentivize qualifying independent teams and brokerages to join eXp Realty.<\/p>\n

Revenue share is just one part of eXp Realty\u2019s aligned compensation model, which also includes competitive commissions and stock equity programs designed to enable its agents to build for their future.<\/p>\n

About eXp World Holdings, Inc.<\/strong><\/p>\n

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty\u00ae<\/sup>, Virbela and SUCCESS\u00ae<\/sup>\u00a0Enterprises.<\/p>\n

eXp Realty is the largest independent real estate company in the world with more than 88,000 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\u00ae<\/sup>\u00a0Enterprises, anchored by SUCCESS\u00ae<\/sup>\u00a0magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.<\/p>\n

For more information, visit\u00a0https:\/\/expworldholdings.com<\/a>.\u00a0<\/p>\n

Safe Harbor Statement<\/strong><\/p>\n

The 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. 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

Media Relations Contact:<\/strong><\/p>\n

eXp World Holdings, Inc.<\/p>\n

mediarelations@expworldholdings.com<\/u><\/a><\/p>\n

Investor Relations Contact:<\/p>\n

Denise Garcia<\/p>\n

investors@expworldholdings.com<\/a><\/u><\/p>\n

A photo accompanying this announcement is available at\u00a0https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/04ad7948-9819-48ea-92e3-6e0804785bab<\/a><\/p>\n

GlobeNewswire Distribution ID 8918619<\/p>\n","protected":false},"excerpt":{"rendered":"

Introducing the \u201cAccelerate\u201d agent incentive program, breaking down growth barriers through accelerated revenue share opportunities eXp Realty Supercharges Agent Earning Potential BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) \u2014 \u00a0eXp 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), today announced the launch [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[165,205,166],"yoast_head":"\neXp Realty Supercharges Agent Earning Potential - South Africa Voice<\/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:\/\/southafricavoice.com\/exp-realty-supercharges-agent-earning-potential\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"eXp Realty Supercharges Agent Earning Potential - South Africa Voice\" \/>\n<meta property=\"og:description\" content=\"Introducing the \u201cAccelerate\u201d agent incentive program, breaking down growth barriers through accelerated revenue share opportunities eXp Realty Supercharges Agent Earning Potential BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) \u2014 \u00a0eXp 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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