The sale, to Virbela's cofounders Alex Howland and Erik Hill, closed at the end of November. It comes at a time when virtual worlds and the metaverse have waned as a topic of excitement.
Led by founder Jeff Quintin, The Quintin Group has departed Keller Williams for eXp Realty after eight years with the Texas-based franchisor. The 15-agent team boasts a lifetime sales volume of $1 billion.
EXp Realty is closing the year with another recruiting win. Denver-based broker Kris Caldwell and his $200 million mega team, The Apollo Group, announced their move to the cloud-based brokerage on Tuesday after six years with Compass.
Ahead of his appearance at Inman Connect New York in January, eXp Realty CEO Leo Pareja told Inman that change is inevitable and that his "North Star" is improving the experience of his agents.
The virtual brokerage grappled with losses as it paid out its settlement in antitrust commission lawsuits and increased agent losses in a bid to offload less productive agents from the platform.
Anywhere Real Estate, Redfin, eXp World Holdings and seven more of the nation's largest real estate companies are set to release quarterly data on Thursday that could illuminate their fitness in 2025.
Starting Nov. 1, eXp agents will have access to new revenue streams, especially those who reach the virtual brokerage's ICON status, eXp World Holdings CEO Glenn Sanford said at eXpcon Miami.
At eXp Realty’s first-ever eXpcon Hackathon, held in Miami Beach, Florida, on Oct. 26, industry innovators competed to showcase projects aimed at creating cutting-edge real estate solutions using OpenAI technology, and the brokerage has officially announced the winners.
The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions.
A "culture of fear and retaliation" has damaged eXp World Holdings' image, goodwill and monetary performance amid several sexual assault lawsuits, two shareholders claim in a suit filed Wednesday.
EXp World Holdings revenue grew 5 percent year over year to $1.295 billion during the second quarter of the year. The brokerage's agent count continued to drop but at a slower rate than previous quarters.
Former USANA Health exec Donald Cherry will now lead eXp Realty's sustainability efforts. Cherry is the fifth high-level hire or promotion eXp has made this year.