At eXpCon, founder Glenn Sanford announced he is stepping down as CEO of parent company AGNT, with eXp Realty CEO Leo Pareja tapped to succeed him.

Glenn Sanford is stepping down as CEO of AGNT. Leo Pareja will be the new CEO of AGNT Inc.

“Tomorrow will be the first day that I am technically unemployed,” Sanford told an audience of hundreds of eXp agents at eXpCon in Salt Lake City.

“For the first time in the history of EXP and AGNT, we have the team that can take us forward into new places. I am stepping out of the role of CEO of AGNT and Leo [Pareja] is going to be the new CEO of AGNT, Inc.”

Inman caught up with Pareja (r) right after the announcement. Credit: Inman

In making his announcement on the main stage at the annual event, Sanford recounted the risk he took when he first entered real estate.

He will remain on the board of directors in his retirement.

This is a developing story and will be updated.

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