eXp World Holdings Expands True Estate Operations Into Mexico

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Just one of the Quickest-increasing Actual Estate Providers Extends Progressive Business enterprise Product to the Mexico Market place

BELLINGHAM, Clean., Dec. 01, 2020 (Globe NEWSWIRE) — eXp Planet Holdings (Nasdaq: EXPI), the dad or mum organization for eXp Realty, one of the swiftest-expanding authentic estate organizations in the earth, nowadays introduced its enlargement into Mexico, beneath the eXp Mexico banner. The addition of household and business brokerage functions in Mexico signifies the sixth global enlargement for the enterprise. In addition to its sturdy U.S. existence, eXp Realty also operates in Canada, the United Kingdom, Australia, South Africa, and India, with extra than 39,000 brokers throughout the globe.

eXp Realty offers proprietary application, such as the company’s cloud-primarily based digital natural environment, foremost-edge advertising and marketing means, earth-class instruction, and a international actual estate group to its network of brokers. Furthermore, a one of a kind payment model, which consists of revenue share and equity possession alternatives, offers brokers a roadmap to elevate on their own, their families, and communities by probably constructing economic independence.

“We meticulously chosen Mexico as the 1st Spanish-language region in our world-wide expansion, due to their vibrant historical past, rich tradition, and potent actual estate market place,” claimed Michael Valdes, President of eXp World-wide. “With a inhabitants of 126 million, we see a phenomenal opportunity with our superior system to modify the actual estate sector in a state as crucial as Mexico. eXp delivers to Mexico great opportunities for brokers to improve and establish not only their very own organizations, but to help the expansion of other agents as well. Mexico is also the fantastic healthy for eXp’s neighborhood centered society.”

eXp Mexico is getting led by Ismael Gonzalez, Selected Controlling Broker. Gonzalez provides more than a decade of true estate encounter in Mexico.

“We have not seen something like the eXp Realty model before in Mexico,” reported Gonzalez. “It has been mind-boggling to see the curiosity and pleasure from so several agents and true estate leaders in our nation. I firmly consider eXp Mexico will be a real recreation changer, and I am excited to prolong this opportunity to all of my fellow authentic estate agents in the course of Mexico,” he stated.

The company’s existence in Mexico will encompass a national footprint, which include all big metropolitan areas and states. Mexico represents a single of 5 international locations eXp World-wide has recognized for enlargement by the finish of 2020. South Africa launched in Oct 2020, India in November 2020, and the remaining countries contain France and Portugal.

About eXp Planet Holdings, Inc.

eXp Globe Holdings, Inc. (Nasdaq: EXPI) owns eXp Realty and Virbela.

eXp Realty, The Authentic Estate Cloud Brokerage, is 1 of the swiftest-developing, global household authentic estate businesses with additional than 39,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa and India. As a subsidiary of a publicly traded firm, eXp Realty uniquely features authentic estate pros within its ranks possibilities to earn eXp Earth Holdings stock for manufacturing and contributions to overall firm advancement.

Virbela is an immersive know-how system for enterprise, activities and training. Its fashionable, cloud-dependent ecosystem offers a virtual experience for workers, attendees, learners and additional to converse, collaborate, meet up with and socialize. For additional info, check out the company’s website at virbela.com.

For more info about eXp World Holdings, you should visit the company’s internet site at https://expworldholdings.com.

Risk-free Harbor Assertion

The statements contained herein could include statements of upcoming anticipations and other ahead-on the lookout statements that are based mostly on management’s existing sights and assumptions and include identified and not known hazards and uncertainties that could lead to actual benefits, functionality or gatherings to differ materially from those people expressed or implied in this kind of statements. This kind of forward-on the lookout statements communicate only as of the day hereof, and the enterprise undertakes no obligation to revise or update them. These statements consist of, but are not minimal to, statements about the financial and social results of the COVID-19 pandemic continued growth of our agent and broker base enlargement of our residential genuine estate brokerage company into foreign marketplaces demand from customers for remote doing the job and distance learning solutions and digital events growth of our new industrial brokerage and our ability to catch the attention of professional genuine estate brokers and profits growth and economic efficiency. These types of statements are not guarantees of long run overall performance. Essential components that may perhaps trigger true benefits to vary materially and adversely from people expressed in forward-on the lookout statements incorporate alterations in organization or other current market ailments the problems of preserving expense growth at modest stages whilst raising revenues and other threats specific from time to time in the company’s Securities and Trade Commission filings, together with but not constrained to the most just lately submitted Quarterly Report on Type 10-Q and Yearly Report on Sort 10-K.

Media Relations Get hold of:
eXp World Holdings, Inc.
[email protected]

Mexico Media Relations Call:
Ismael Gonzalez
[email protected]

Investor Relations Make contact with:
Greg Falesnik
MZ Team – MZ North America
[email protected]

A photo accompanying this announcement is accessible at: https://www.globenewswire.com/NewsRoom/AttachmentNg/99346004-250a-4fb2-88c1-abfd8f741cd0