Insight
Retention remains strongest among high-producing agents. Attrition rates in the low- to mid-single digits with agents with over eight transactions a year.
eXp’s next act: ‘Maximum optionality’ for agents and brokers says Leo Pareja
Summary
eXp Realty reported a 5% increase in Q1 revenue, reaching $1 billion, fueled by agent productivity and NextHome acquisition. The company is broadening its business model with a multi-model platform to serve various real estate entrepreneurs. This expansion aims to attract independent brokerages and franchisees seeking alternatives in a changing market.
Key takeaway