eXp Agents and Brokers Earned Over $240 Million in Revenue Share and Equity Benefits in 2022Mar 14, 2023
eXp Realty announced last week that the 2022 revenue share and equity benefits for agents and brokers were more than $240 million in 2022, a 20% increase over the previous year! Working with eXp continues to benefit everyone involved; they distributed more profit/revenue share benefits than other brokerages. As part of their agent equity program, eXp World Holdings issued more than 2.5 million EXPI shares—that's more than $42.5 million in value.
Glenn Sanford, Founder and CEO of eXp Realty, said, "When eXp Realty was founded, we set out to build the most agent-centric brokerage that solved the biggest pain point for real estate agents. 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."
At eXp Realty, we're surrounded by the best of the best, allowing us to serve our clients—and our agents—at the highest level. So, how much did your brokerage pay in revenue share to agents in 2022? Not all brokerages are created equal, so it's crucial to explore your options and find the one that can truly change your life.
Sanford says it best: "By building the most agent-centric real estate brokerage on the planet, we continue to grow, improving the lives of agents around the world."
Grow with us! Learn more about eXp Realty by contacting us today!