EXp Realty just topped 80,000 agents this last week.
Company Now Has +80,000 Agents in 21 Countries Worldwide
Glenn Sanford, CEO of eXp World Holdings and Founder of eXp Realty, announced at last week’s Inman Connect New York that eXp Realty has topped 80,000 agents worldwide.
Sanford announced, “We passed 80,000 agents today.”
Perhaps more significantly, due to the pace of eXp’s growth from 71,000 agents at the beginning of 2022 to 80,000 agents now, Sanford anticipates that the virtual brokerage firm will have 100,000 agents working within the company around the world by the end of 2022.
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As eXp Realty now represents approximately 4% – 5% of the US agent population, Sanford said, “We see international as a big place where we’re growing.”
Sanford on “Other” Industry Topics
During Sanford’s interview with Brad Inman at last week’s Inman Connect New York, Inman asked whether or not Sanford sees Zillow as a competitor. His response, “For sure.”
Realogy CEO Ryan Schneider, also speaking with Brad Inman at the Inman Connect New York, agreed with Sanford about Zillow being a competitor to companies like his. Schneider bemoaned the fact that agents write checks to Zillow and that Zillow got a foothold within the history in the first place. Schneider said, “Zillow is a competitor. I welcome competition. But writing a check to them, I just don’t get it.”
Recalling when he was working with Keller Williams during the 2000’s, Sanford predicted that syndicating that company’s listings to Trulia, a subsidiary of Zillow, was not a good business decision due to the value Sanford saw in inventory. Sanford, on stage at Inman Connect, remembered saying to KW higher ups, “‘You slit our throats as agents…And pretty much they ignored it.'”
When asked about the effect of climbing interest rates, Sanford said he thought rising rates may lead to softening demand in Q3 or Q4 2022.
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Thanks to Inman.