Team recruitment drives eXp's strong agent growth in Q3

Virtual brokerage luring teams with geographic expansion opportunities

In the third quarter, eXp World Holdings, the parent company of virtual brokerage eXp Realty, raised its revenue to $48.1 million, an increase of 203 percent year over year. Overall the company booked a net loss of $7.8 million for the quarter, down from a $14.6 million net loss the year prior.