EXp World Holdings, the parent company of virtual real estate brokerage eXp Realty, closed an estimated $6.2 billion in transactions in the third quarter, a year-over-year increase of 239 percent, according to preliminary earnings.

The total transaction volume represents growth of 16 percent, compared to $5.3 billion closed in the second quarter. The company forecasts that its estimated revenue for the third quarter of 2018 will rise to $157 million, a year-over-year increase of 231 percent and a quarterly growth of 20 percent.

“Our estimated preliminary revenue of $157 million in the third quarter of 2018 is a direct result of our entire eXp Realty team iterating around the agent value proposition, which resulted in both tremendous agent growth as well as transaction and sales volume levels during the quarter,” said Glenn Sanford, Founder, CEO and Chairman of eXp World Holdings, in a prepared statement.

“As we continue to think about the various opportunities that this scale opens for us, we will continue to invest in core platform technologies in support of all of our amazing agents and brokers who choose to build their real estate business at eXp,” Sanford added.

EXp World Holdings will release its full third-quarter results Nov. 12.

Email Patrick Kearns

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription