eXp Realty Expands in Canada, Opens in New Brunswick and Manitoba

BELLINGHAM, Wash., Jan. 13, 2021 (GLOBE NEWSWIRE) -- eXp Realty, one of the fastest-growing, global real estate companies and a subsidiary of eXp World Holdings (Nasdaq: EXPI), today announced it has expanded its Canadian footprint and is now open for business in New Brunswick and Manitoba. With the expansion, eXp Realty operates in nine Canadian provinces, including Alberta, British Columbia, Newfoundland and Labrador, Nova Scotia, Ontario, Quebec and Saskatchewan.

As part of the expansion, eXp Realty has hired experienced leaders in each province responsible for brokerage operations, with Lou Yerxa heading up New Brunswick and Rena Prefontaine leading in Manitoba.

Yerxa is an experienced professional with more than 40 years in real estate, with a focus on sales and investing, and has won numerous awards for exceptional sales. Prefontaine brings more than a decade of experience in real estate to eXp and has served as a managing broker for the past six years. In addition to her role as a managing broker, she has served on the board of directors at the Winnipeg Realtors Association.

“As we expand internationally, we continue to deepen our presence and relationships in the countries in which we operate,” said Michael Valdes, President of eXp Global. “I’m excited about the opportunity to continue driving adoption of eXp’s model in the Canadian market and across the globe.”

“We’re thrilled to introduce eXp’s innovative, agent-first model to agents in New Brunswick and Manitoba under Lou and Rena’s leadership,” said eXp Realty Director of Canadian Brokerage Operations Deborah Pleiman. “Both Lou and Rena bring decades of experience in real estate and a commitment to agents. Agents in Canada are drawn to our technology-driven approach and are eager to grow their local businesses with our model.”

eXp Realty offers a unique financial model for residential and commercial real estate agents, going beyond attractive commissions to provide its agents with an opportunity to earn additional income by helping the company grow its agent base anywhere in the world and earn equity in eXp World Holdings, Inc. through its stock programs. eXp’s cloud-based brokerage is powered by Virbela, the company’s immersive and collaborative platform, which enables its agents to communicate, meet and conduct business in a virtual world.

To learn more about becoming an eXp Realty agent, please visit join.exprealty.com.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, eXp Commercial, Virbela, Showcase IDX and SUCCESS Enterprises.

eXp World Holdings and its global brokerage, eXp Realty, is one of the fastest-growing real estate tech companies in the world with more than 42,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal and France and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive.

For more information, visit https://expworldholdings.com/.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social effects of the COVID-19 pandemic; continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our new commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:
Greg Falesnik
MZ Group – MZ North America
investors@expworldholdings.com