eXp Realty is expanding its operations internationally, particularly in Egypt, in partnership with local agents. Sanford emphasized the antiquated state of international real estate, lacking the MLS benefits. This contributes to a fragmented market filled with costly listing portals that prioritize advertisement over quality data. While advocating for structured policies like NAR's Clear Cooperation Policy, CEO Leo Pareja pointed out that eXp's substantial growth and technology-driven operations would allow them to thrive even if the market regresses. The company's 63% increase in international revenue exemplifies its expanding global presence, with the latest operations in 24 countries.
According to Sanford, the landscape is populated by disparate listing portals that charge agents significantly with little regard for the quality of data provided to consumers.
Pareja noted that if the U.S. housing market reverts to private listing networks, eXp is well positioned to succeed due to their operational scale.
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