If you’re wondering who owns eXp Realty, you’re not alone. It’s a common question among the agents who join this global, cloud-based brokerage. The short answer is that agents own eXp Realty–for the most part. However, let’s dive in deeper to get a sense of what eXp Realty ownership actually looks like.
Ownership Structure of eXp Realty
Technically, eXp Realty is owned by eXp World Holdings Inc. (Nasdaq: EXPI). EXPI World Holdings is a publicly traded company owned by 456 institutional owners and shareholders. Some of the largest shareholders in EXPI include Glenn Sanford, Vanguard Group Inc., BlackRock Inc., and Geode Capital Management, among others.
These huge investment companies and individual investors have been investing in eXp World Holdings for years, supporting the company as it expands its real estate brokerage and other digital companies.
EXPI is actually a huge company that owns several other companies, including eXp Realty. It also owns Virbela, Showcase IDX, and SUCCESS Enterprises. It recently acquired Zoocasa, a proprietary real estate search tool with market insights and connection to local agents.
Virbela is a virtual company that builds 3D worlds for events, training, and offices. It also hosts eXp Realty’s virtual office, eXp World. SUCCESS is a business magazine and website that offers education and tips for success to professionals around the world. It now includes SUCCESS Coaching and SUCCESS Health. Showcase IDX allows agents to search the MLS with the most advanced features developed to date.
Stock Ownership in eXp Realty
While eXp World Holdings is a global company with multiple institutional owners, the agents of eXp Realty also get a share in its ownership. Every agent gets multiple opportunities to earn and purchase stock shares in the company. According to the eXp Annual Report 2022, eXp has issued millions of shares to agents and brokers within eXp Realty, leading to millions of dollars of equity for agents each year!
How To Earn eXp Stock
There are five main ways to earn stock at eXp Realty.
- Agents earn stock when they close their first transaction. They will earn $200 USD worth of stock shares in EXPI. eXp will vest these shares for three years to make sure agents continue their hard work in the brokerage.
- When agents sponsor a new agent into the company, they earn shares upon that new agent’s first closed transaction. They will earn $400 USD worth of stock shares in EXPI, vested for three years.
- When agents cap each year at $16,000, they earn $400 USD worth of stock shares in EXPI to be vested for three years.
- Agents have the option to earn up to $16,000 USD more in stock shares with EXPI for reaching ICON status. When agents reach specific production goals, they earn $8,000 in stock, vested for three years. If they meet the cultural goal by helping with eXp events or offering training/mentorship to other agents, they earn $4,000 more vested for two years. Finally, they can earn the last $4,000 by attending eXp’s two live events (EXPCON and eXp Shareholders Summit) within the year. They can earn $2,000 for each event, no vesting required.
- Finally, agents can choose to join the Agent Equity Program. As part of this program, agents can choose to spend 5% of each commission they earn to purchase stock shares at a discounted price of 10%.
So, technically, agents own eXp Realy! While agents may not have the most shares in the company, they have the opportunity to earn more every year. In addition, they get to own part of Virbela, Showcase IDX, SUCCESS Enterprises, and Zoocasa.
If you’re interested in joining eXp, earning stock shares, and becoming a part of a growing company, get in touch with me so I can answer any questions!