eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company for eXp Realty, one of the fastest-growing real estate companies in the world, has expanded into Puerto Rico, under the eXp Puerto Rico banner. In addition to its robust U.S. presence, eXp Realty also operates in eight other countries, including Australia, Canada, France, India, Mexico, Portugal, South Africa and the United Kingdom, with more than 43,000 agents across the globe.
“The expansion into Puerto Rico represents our first strategic foothold in the Caribbean,” said Michael Valdes, President of eXp Global. “Puerto Rico is ideally positioned to benefit from the eXp model. Its tax incentives continue to attract a large number of foreign investments, creating a growing and robust real estate market in a territory that combines a rich culture and economic stability.”
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 to grow its revenue base anywhere in the world. Agents can also earn equity in eXp World Holdings stock for listing and selling activities. eXp’s cloud-based brokerage is powered by Virbela, the company’s immersive and collaborative platform, enabling agents and staff to communicate, meet and conduct business in a virtual world.