About eXp Realty, LLC
eXp Realty LLC, The Agent-Owned Cloud Brokerage®
The greatest asset of any real estate brokerage is the group of agents and brokers who are a part of it. In our view, those agents and brokers should be owners and at eXp Realty, they are. Our family of agents and brokers build their own businesses. They work, attend classes, strategize, collaborate, innovate, and build teams across geographic borders through our Cloud Office Environment.
The Changing Face of the Real Estate Consumer Requires a Fundamental Change in the Way Real Estate Professionals Approach their Business.
Advances in Internet technology, and the delivery of listing information to public portals, Like Zillow.com and Realtor.com, have created a real estate consumer who is armed with more knowledge, context and understanding than ever before. At eXp we are equipped to compete at the highest level for this tech-savvy consumer with advanced contract to close systems and unsurpassed affiliate support.
Real Estate Consumers Still See Value in Working with Professionals.
Even with advances in technology, the home buying and selling process remains unfamiliar and often times emotional for most consumers. Although being tech savvy, consumers still depend on agents to help navigate the process, give insight into and perspective on properties, provide local market expertise, and negotiate on their behalf. Because of the magnitude of the buying or selling decision, the size of the asset that underlies that decision, and the emotional responses it frequently triggers, the vast majority of consumers will continue to rely upon agents and brokers for the foreseeable future.
Physical Brick and Mortar Offices Are of Diminishing Utility but Represent a Steady and Escalating Expense that Erodes Profits.
As the internet grows as the most powerful marketing and advertising medium in real estate, the consumer has become increasingly independent, and the utility of the brick and mortar office location has continued to diminish. Increasing numbers of consumers have little use for, and even less interest in visiting, a traditional real estate office. As a natural and inevitable consequence, substantial and growing numbers of real estate professionals are exiting traditional brokerage models, providing further evidence of the decline of the brick and mortar office.
Thousands of eXp consumers leverage eXp’s internet marketing and cloud technology to find, buy or sell homes without a brick and mortar office. And finally, millions of Americans understand the benefits of technology and decreasing reliance on the traditional office. Despite these trends most traditional brokerages continue to allocate significant marketing resources to physical bricks and mortar and all of the ancillary costs associated with it, including utility, insurance, rent, CAM, furnishings, and staffing costs, ultimately keeping downward pressure on profits. These overhead costs TAKE AWAY from the services that these brokerages can offer direct to the consumer.
The eXp Realty Solution – Shared Ownership among a Synergistic and Collaborative Group of Forward-Thinking, Entrepreneurial Professionals.
From eXp Realty’s inception, the Company has been engaged in the marketing and sale of residential real estate with the goal of being the first truly agent-owned, cloud-based, full service, global real estate brokerage company delivering around-the-clock access to collaborative tools and professional development for managing real estate brokers and agents. The business model was created in order to increase brokers’ and agents’ listings and sales and minimize their overhead and capital requirements so that more can be focused on the consumer; Buyers and Sellers.