eXp Realty Incentivizes Teams To Join With New Equity Incentive
26 Oktober 2023 - 10:15PM
eXp Realty®, “the most agent-centric real estate brokerage on the
planet™” and the core subsidiary of eXp World Holdings, Inc.
(Nasdaq: EXPI), is excited to announce the launch of its new Thrive
program, designed to incentivize culturally aligned, producing
teams to join the eXp Realty family.
Once onboarded, the team lead will receive an
equity award based on their previous 12-month production, subject
to future vesting.
“As a company committed to continuously pushing
the boundaries in support of our agents, eXp Realty is always
looking for new ways to enhance the agent experience,” said Michael
Valdes, Chief Growth Officer, eXp Realty. “Earlier this year, we
introduced two incentive programs, Boost and Accelerate, aimed at
helping independent brokerages and individual agents transition to
eXp Realty. Now with the addition of Thrive, we are offering teams
an accelerated equity opportunity. We understand that each team has
its own unique culture and way of doing business, and we want to
provide a platform for them to thrive in our agent-centric
environment.”
eXp Realty will provide this equity incentive to
team leads of culturally aligned teams with more than 10 agents in
addition to the team lead and a minimum of $40 million (U.S./CAD)
in sales volume in the originating country over the previous
12-month fiscal period. International qualifications to be
released. Additional qualifications apply. A core criteria of this
program is for team leads to commit to team training and ensuring
their team members integrate with the eXp Realty ecosystem as part
of their cultural alignment with eXp.
The Thrive incentive program is rolling out in
the United States and Canada immediately and will soon be available
in eXp’s additional 22 global markets, subject to applicable law.
To learn more about eXp Realty's new Thrive program and how it can
benefit your team, please click here.
About eXp World Holdings,
Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the
holding company for eXp Realty®, Virbela® and SUCCESS®
Enterprises.
eXp Realty is the largest independent real
estate company in the world with more than 89,000 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® Enterprises, anchored
by SUCCESS® magazine and its related media properties, was
established in 1897 and is a leading personal and professional
development brand and publication.
For more information, visit
https://expworldholdings.com.
Safe Harbor Statement
The statements contained herein may include
statements of future expectations and other forward-looking
statements that are based on management’s 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.
Examples of such forward-looking statements include, but are not
limited to, the availability of incentive programs in international
markets and the future value of financial incentive programs. 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’s 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.
Media Relations Contact:
eXp World Holdings,
Inc.mediarelations@expworldholdings.com
Investor Relations Contact:
Denise Garciainvestors@expworldholdings.com
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5ef130bf-acbf-422b-a1dc-ae586120d6b8
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