eXp Realty appoints Michael Valdes as Chief Growth Officer

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The company will unify its global growth program in its residential and commercial businesses

BELLINGHAM, Wash., Aug. 19, 2022 (GLOBE NEWSWIRE) — eXp Realty®, the world’s fastest growing real estate brokerage and principal subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), has promoted Michael Valdes to chief growth officer. Valdes will lead the global expansion efforts of eXp Realty and eXp Commercial, reinforcing aligned growth strategies and leveraging company scale to accelerate growth.

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Valdes brings over 17 years of real estate experience, including senior growth positions at global residential and luxury brokerages. He joined eXp Realty in 2020 and as President, eXp Global, led 18 global marketplace launches, with at least two more marketplaces set to launch in 2022.

“With our rapid global expansion, we recognize the importance of consolidating our global growth strategy under one leader to strengthen our efforts and deepen our market share,” said Jason Gesing, CEO of eXp Realty. “Michael has been instrumental in growing our global footprint, and we are excited about the value he will bring to our domestic and business operations. It is well placed to achieve our ambitious growth objectives.

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“I’m excited to take on this new challenge with eXp, continuing our trajectory as the world’s fastest growing brokerage,” Valdes said. “By combining the growth opportunities of our residential and commercial businesses while continuously improving our agent value propositions, we can continue our domestic and international momentum.”

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company of eXp Realty®Virbela and SUCCESS® Companies.

eXp Realty is the world’s fastest growing real estate company with over 84,000 agents in the US, Canada, UK, Australia, South Africa, India, Mexico, Portugal , France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece and New Zealand and continues to expand internationally. As a publicly traded company, eXp World Holdings offers real estate professionals the unique opportunity to earn equity rewards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of real estate brokerage and technology solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools, and personal development. The cloud-based brokerage is powered by Virbela, a deeply social and collaborative immersive 3D platform, enabling agents to be more connected and productive. HIT® Companies, anchored by HIT® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

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

Safe Harbor Statement

Statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current beliefs and assumptions and involve known and unknown risks and uncertainties that could cause actual results , performance or actual events differ materially from those expressed or implied. in such statements. These 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 continued growth of our agent and broker base; the expansion of our residential real estate brokerage business into foreign markets; 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 the forward-looking statements include changes in trading or other market conditions; the difficulty of keeping spending growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s filings with the Securities and Exchange Commission, including, but not limited to, the most recent quarterly report on Form 10-Q and annual report on Form 10-K.

CONTACTS

Contact person for media relations:

eXp World Holdings, Inc.
[email protected]

Contact with Investor Relations:

Denise Garcia
Managing Partner, Hayflower Partners
[email protected]

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