eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022

Aligning the interests of agents and brokers with the company they own is key to eXp Realty’s long-term growth strategy

Revenue Share and Equity Benefits
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eXp Realty Paid Over $240 Million in Revenue Share and Equity Benefits to Agents and Brokers in 2022

BELLINGHAM, Wash., March 03, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today released its 2022 revenue share and agent equity payout figures, demonstrating how its competitive compensation model underpins continued agent growth.

Revenue Share and Equity Paid to Agents and Brokers Continues To Increase Year-over-Year

  • Revenue share to agents increased 20% to $202 million in 2022.
  • eXp Realty distributed more profit/revenue share benefits last year to agents and brokers than any other real estate brokerage model or platform.
  • As part of our agent equity program, eXp World Holdings issued over 2.5 million EXPI shares to eXp Realty agents and brokers valued at more than $42.5 million.

“When eXp Realty was founded, we set out to build the most agent-centric brokerage that solved the biggest pain point in real estate for agents,” said Glenn Sanford, Founder and CEO of eXp Realty. “Historically, agents were generally not offered meaningful ownership in the brokerages they were part of and the profit/revenue sharing models didn’t provide a viable path to potential retirement for the vast majority of agents.

“With this in mind, an important part of building eXp was designing a truly aligned compensation model that rewards agents for their production and contribution to the company’s growth. As we have disclosed in our fourth quarter and full-year 2022 results, our model and core business has proven to be sustainable in both good and bad markets. More importantly, it proves that we are delivering on the promise we made to agents when eXp was founded in 2009. By building the most agent-centric real estate brokerage on the planet, we continue to grow, improving the lives of agents around the world.

All that being said, since becoming a public company in 2013, EXPI’s stock has outperformed all other publicly traded real estate brokerages, franchisors and brokerage/franchisor conglomerates. We also enjoy the highest market cap among all publicly traded residential real estate brokerage platforms, showing once again that focusing on the agent experience isn’t just good for the agent, but it has also been good for long-term shareholders.”

Revenue Share and Equity Benefits Detail
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Revenue share to agents increased 20% to $202 million in 2022. eXp Realty distributed more profit/revenue share benefits last year to agents and brokers than any other real estate brokerage model or platform. As part of our agent equity program, eXp World Holdings issued over 2.5 million EXPI shares to eXp Realty agents and brokers valued at more than $42.5 million.

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 largest independent real estate company in the world with more than 87,000 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, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai 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 and expansion of our residential real estate brokerage business into foreign markets. 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.

Media Relations Contact:
Jennifer Zimmerman
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:
Denise Garcia, Managing Partner
Hayflower Partners
investors@expworldholdings.com

Photos accompanying this announcement are available at

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ASEAN will issue “Bali Concord 4” at its year-end summit

As has happened during previous Indonesian ASEAN chairmanships, the Bali Concord 4 will be issued to institutionalise human rights and other civic values within the grouping at the 42nd ASEAN-related Summit in September, according to a well-informed diplomatic source.

Throughout five plus decades, Indonesia, when in the Chair, has issued three Bali Concords to consolidate ASEAN solidarity, centrality and to highlight pivotal developments in ASEAN.

The international environment has shifted and changed radically over the years and there is a need for ASEAN members to review their cooperation and further strengthen their commitments, especially in the post-COVID-19 pandemic era.

The Bali Concord 1 was released in February 1976, after the ASEAN leaders held their first summit on the resort island, at which they agreed to meet whenever necessary. Both Bali 2 (2003) and Bali 3 (2011) were issued when the ASEAN chairmanship was held by Indonesia.

All the Bali declarations have emphasised the group members’ joint efforts to promote peace, progress, prosperity and the welfare of the peoples of the member states.

The Bali Concord 4, which is due to be issued at the end of the 42nd summit, will be a comprehensive one, touching on the whole gamut of the ASEAN cooperation accords’ three pillars—economic, political/security and social/culture.

In addition, it will encompass new issues, such as human rights and human trafficking, among others, which reflect the new regional and international environments, according to the source.

Source: Thai Public Broadcasting Service (Thai PBS)

Thai PM in hospital for observation of a swollen hand

Prime Minister Prayut Chan-o-cha was admitted to Phramongkutklao Hospital for overnight observation of his swollen right hand, after his return from a trip to Ayutthaya province yesterday (Friday).

His personal doctor visited his residence, in the compound of the First Infantry Regiment, to examine the hand. The doctor detected something abnormal and returned today to check on his condition, after which the prime minister was admitted to the hospital for an X-ray and closer examination.

An informed source said that the prime minister’s symptoms resemble calcium pyrophosphate deposition disease (CPPD), but it is not gout. A plaster cast was put on his swollen hand.

The prime minister has reportedly cancelled his planned trips to Ratchaburi and Songkhla provinces,scheduled for Wednesday and Thursday respectively.

The cabinet meeting on Tuesday and other activities at the Government House remain unchanged.

Source: Thai Public Broadcasting Service (Thai PBS)

Thailand’s revised constituency map published in The Royal Gazette

The Election Commission’s (EC) reallocation of constituency MPs has been published in The Royal Gazette and becomes effective today (Saturday).

The EC has completed the redrawing of the constituency map to exclude non-Thai citizens from the calculation of the number of constituency MPs for each of Thailand’s 77 provinces.

Based on the December 31st census of 65,106,581 Thai nationals, the number of people per constituency MP is 162,766.

According to the latest calculation, Bangkok will have the most constituency MPs with 33, followed by Nakhon Ratchasima, with 16.

Nationally:

There are two provinces with 11 MPs each. They are Khon Kaen and Ubon Ratchathani.

Five provinces will have 10 MPs each. They are Nakhon Si Thammarat, Chon Buri, Chiang Mai, Udon Thani and Buri Ram.

Two provinces have 9 MPs each. They are Si Sa Ket and Songkhla.

Four provinces with 8 MPs each. They are Nonthaburi, Roi-et, Samut Prakan and Surin.

Five provinces with 7 MPs each. They are Chiang Rai, Chaiyaphum, Pathum Thani, Sakhon Nakhon and Surat Thani.

Five provinces with 6 MPs each. They are Kalasin, Nakhon Pathom, Nakhon Sawan, Phetchabun and Maha Sarakham.

Nine provinces with 5 MPs each. They are Pattani, Lop Buri, Kanchanaburi, Narathiwat, Ayutthaya, Phitsanuloke, Rayong, Ratchaburi and Suphan Buri.

Eight provinces with 4 MPs each. They are Kamphaeng Phet, Chachoengsao, Trang, Nakhon Phanom, Lampang, Loei, Saraburi and Sukhothai.

21 provinces with 3 MPs each. They are Tak, Krabi, Chanthaburi, Chumphon, Nan, Bueng Kan, Prachuap Khiri Khan, Prachin Buri, Phayao, Phatthalung, Phichit, Phetchaburi, Phrae, Phuket, Yasothon, Yala, Sa Kaeo, Nong Khai, Nong Bua Lamphu, Samut Sakhon and Uttaradit.

10 provinces with 2 MPs each. They are Chainat, Nakhon Nayok, Phang-nga, Mukdahan, Mae Hong Son, Lamphun, Satun, Ang Thong, Amnat Charoen and Uthai Thani.

Four provinces with one MP each. They are Trat, Ranong, Samut Songkhram and Sing Buri.

The number of MPs per region will be:

Northeast 133

Central 122

Southern 60

Northern 37

Eastern 29

Western 19

There will be 400 constituency seats and 100 party-list seats in the next general election.

Source: Thai Public Broadcasting Service (Thai PBS)