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eXp World Holdings, Inc.
eXp Realty is a real estate brokerage that lets agents work from anywhere using cloud-based tools and virtual offices, and it also sells related technology and virtual reality services.
eXp Realty is a real estate brokerage built for the internet age. Instead of offices full of desks, it runs on a cloud-based platform where agents log in to a virtual workplace, take training, collaborate with colleagues, and manage their deals from wherever they happen to be. It also sells software and virtual reality tools that support this way of working.
The company makes most of its money from the commissions earned when homes are bought and sold. Agents keep a bigger share of their commission than they often would at a traditional brokerage, which is the main reason agents choose eXp. In exchange, they pay a small fee per transaction and a monthly subscription, and eXp keeps the rest. Because it has no physical branch network to maintain, its costs are low and it can grow quickly by recruiting agents rather than opening offices. That agent-recruiting model is the engine of the whole business. More agents mean more transactions, which mean more fees and more commission splits flowing to eXp. The company has expanded internationally and also owns other businesses, including technology and virtual reality units, though real estate brokerage remains the core.
The bet is simple but risky: that a lean, virtual brokerage can win agents away from big traditional names. When housing markets are hot, the model hums, but when home sales slow, transaction fees dry up fast, and the stock has been volatile as a result. eXp is essentially a bet that the future of real estate is remote, software-driven, and agent-friendly.
Saved answer · last researched 15 Nov 2026