eXp Realty distributes revenue share and equity rewards to agents and brokers in 2023 - Network Magazine

eXp Realty distributes revenue share and equity rewards to agents and brokers in 2023

by Maciej Maciejewski

eXp Realty, as part of its stated commitment to provide competitive compensation, announced it has paid agents and brokers more than $230 million in revenue share and benefits in 2023. Agent revenue share totaled $197.9 million during the year while an estimated value of $34.7 million in EXPI shares (2.22 million) were issued to agents and brokers.

– Our mission is simple: empower agents to succeed and solve their biggest pain points. Before we created this company, real estate agents were not offered any meaningful ownership in the brokerages they were part of, so we built eXp to compensate our agents for their contributions to our growth. We’re not just a brokerage, we’re a community of forward-thinkers committed to shared growth opportunities – said Glenn Sanford, founder and eXp Realty CEO. 

– Despite market challenges, our resilient model continues to thrive, proving that when our agents succeed, we all do. Our unique approach to agent compensation and equity ownership is a testament to our belief in shared success. As we continue to build in the evolving real estate landscape, our focus remains on empowering agents, fostering their growth, and ensuring they have a significant stake in the collective success of our company – added.

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