At the end of March, eXp Realty reported an agent count of 81,904, reflecting a 5% decline over the previous year. In contrast, transaction volume rose by 4% to $38.6 billion. CEO Leo Pareja commented on the company's strategy regarding the NAR's Clear Cooperation Policy, asserting they won't partake in delayed marketing practices. The company also announced a partnership with Zillow to enhance visibility for listings. Meanwhile, founder Glenn Sanford framed eXp's operations as a multi-faceted platform designed to support agents at each growth stage, emphasizing profitability through their North American division.
The company's total agent count stood at 81,904 at the end of March, a 5% decrease from one year earlier, highlighting a trend in agent retention.
We believe that delayed marketing will create customer confusion and we are not participating, Pareja said, signaling the company's proactive stance in the marketplace.
If the (virtual office website) feeds could have been isolated and kept away from small, independent startup companies like the one Glenn founded, we would not be here today.
For us, this isn't just a collection of business units, Sanford said. It's a platform business made up of four strategic parts.
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