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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
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Press release content from Globe Newswire. The AP news staff was not involved in its creation.

eXp World Holdings Founder and CEO Glenn Sanford and eXp Realty CEO Jason Gesing Move Up Rankings on Swanepoel Power 200

January 13, 2022 GMT

BELLINGHAM, Wash., Jan. 13, 2022 (GLOBE NEWSWIRE) -- eXp Realty®, the fastest-growing real estate brokerage in the world and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), announced this week that two of its leaders were named to the 2022 Swanepoel Power 200 (SP200), the definitive ranking of the residential real estate industry’s most powerful leaders.

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Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings, was ranked No. 2 among a list of 200 executives in the real estate industry and eXp Realty CEO Jason Gesing placed No. 31.

Sanford debuted on the SP200 list in 2014 at No. 190 and by 2018 he vaulted to No. 32. In 2020, he was ranked No. 15 and in 2021 he landed in the top five. Gesing was ranked No. 43 in 2021 and No. 170 in 2020.

“We are deeply appreciative to be recognized in the Swanepoel Power 200 list, which is considered to be one of real estate’s most respected awards,” said Sanford. “This award is a tribute to our agents, brokers and staff who champion the eXp model and help drive our record results and phenomenal growth each and every day.”

The SP200 is named after Stefan Swanepoel, chairman and CEO of T3 Sixty, a consulting firm that has identified real estate’s 200 most powerful and influential leaders for the past nine years. Those who make the list are chosen based on a variety of criteria, including achievements and successes over the past year, the size of the company they lead, personal leadership and influence within the industry and outside their own company, their track record and the resources they have at their disposal or in their control.

“eXp exploded in 2020 and 2021. In February 2021, the company’s market cap exceeded $11 billion and generally enjoys a market cap higher than real estate company titans Realogy, Redfin, RE/MAX and Compass,” said Swanepoel. “Very few have experienced the kind of growth that eXp Realty, the cloud-based brokerage company Sanford founded in 2009 has enjoyed over the past five years.”

About eXp World Holdings, Inc.

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

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eXp Realty is the fastest-growing real estate company in the world with more than 72,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany, 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 Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS Enterprises, anchored by SUCCESS magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

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 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 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 Contacts:
eXp World Holdings, Inc.
mediarelations@expworldholdings.com  

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/242d1036-43f2-4c0f-bfe4-9fbcf823a285