eXp Realty Launches Brokerage Operations in Greece
BELLINGHAM, Wash., March 15, 2022 (GLOBE NEWSWIRE) — eXp Realty®, the fastest-growing global real estate brokerage and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), has expanded into Greece. eXp Realty now operates in 20 markets with more than 77,000 agents around the world.
“This is a proud moment for eXp Realty as we expand to our 20th market, with the addition of Greece to our well-established operations across Europe,” said Michael Valdes, President of eXp Global, who is responsible for eXp Realty’s worldwide expansion. “Greece is a vibrant market with strong economic projections driven by tourism and excellent foreign investment opportunities. We see tremendous business potential for agents and buyers in Greece who can benefit from the eXp model.”
eXp’s real estate brokerage operations in Greece will be led by Nikos Manomenidis, who brings more than 20 years of international experience in residential and commercial real estate. Manomenidis is passionate about growing the careers of fellow real estate professionals, has served as President at the Central European Real Estate Associations Network and was a Member of the Board of Directors of the National Association of Realtors in Greece. Recognizing his longtime service to the real estate community in Greece, Manomenidis was announced as Honorary President of the Greek Association of Certified Real Estate Professionals.
“The eXp model drives digital transformation in the real estate sector and limits our carbon footprint, creating a more sustainable and profitable platform for real estate professionals. This will be a welcome innovation in the Greek real estate market and we look forward to introducing eXp to brokers in the country,” says Manomenidis.
eXp Realty’s agile cloud-based work platform has allowed it to expand rapidly across the globe. Greece represents the second of three markets that eXp Global has identified for expansion in the first quarter of 2022. The Dominican Republic launched in February and New Zealand is slated next.
eXp Realty’s financial model for residential and commercial real estate agents offers an attractive commission structure, including a revenue share model, which helps top agents across the globe. Additionally, agents earn equity in the company through listing and selling activities. eXp Realty’s cloud-based brokerage is powered by Virbela, the company’s immersive and collaborative virtual platform, which enables its agents to communicate, meet and conduct business in its metaverse, eXp World.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the fastest-growing real estate company in the world with more than 77,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, the Dominican Republic and Greece and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS Enterprises, anchored by SUCCESS magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.
For more information, visit https://expworldholdings.com.
Safe Harbor Statement
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.
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