eXp Commercial Partnership With Reonomy Will Enhance Property Intelligence Resources for Agents and Brokers
EXp’s sales representatives and brokers get access to the latest technology stack and unique data insights
EXp’s commercial partnership with Reonomy will improve property intelligence resources for agents and brokers
EXp’s sales representatives and brokers get access to the latest technology stack and unique data insights
EXp’s sales representatives and brokers get access to the latest technology stack and unique data insights
BELLINGHAM, Wash., April 15, 2021 (GLOBE NEWSWIRE) – eXp World Holdings, Inc. (Nasdaq: EXPI), one of the world’s fastest growing residential and commercial real estate companies, today announced a partnership between eXp Commercial and Reonomy that will be the offering to improve property intelligence and technology stacks for eXp commercial agents. Reonomy provides actionable commercial real estate (CRE) insights and uses artificial intelligence and machine learning to drive business decisions.
The partnership between eXp Commercial and Reonomy enables eXp Commercial agents to have robust and accurate CRE insights to guide prospecting strategies. Access to Reonomy’s web application is included in the base post of eXp Commercial, providing commercial agents and brokers with advanced technology.
“We are excited to partner with Reonomy to bring unprecedented data and insight to our sales representatives,” said James Huang, president of eXp Commercial. “At eXp, we strive to provide our agents with the best available resources to lead and be successful in the real estate industry. Reonomy’s data and insights will help sales agents make smarter, more efficient business decisions and ultimately become more successful. “
Through the company’s unique financial model, eXp Commercial offers commercial real estate agents compelling incentives such as one of the most competitive commission packages in the real estate industry and the opportunity to receive stock bonuses. EXp Commercial Agents and eXp Realty brokers can collaborate on referrals, use proprietary marketing resources, and scale their business using eXp’s technology platform. Currently, real estate agents in 44 US states can register to sell commercial real estate with eXp Commercial.
The story goes on
“Our partnership with Reonomy underscores our shared values of innovation and enables us to provide commercial real estate agents with the most up-to-date and accurate data available in one place,” said Stephanie Gilezan, Director, eXp Commercial Brokerage Operations. “We are also pleased to offer our agents Reonomy’s ‘Likely to Sell’ propensity model, which informs agents of likely listings and enables agents to move forward and target the business. We are happy to help our agents through this partnership to increase efficiency and unlock valuable data. “
“Reonomy is excited to partner with eXp Commercial, which is poised for rapid growth with its compelling value proposition and revenue sharing model,” said Bill Okun, CEO of Reonomy. “We pride ourselves on bringing innovation to the commercial real estate industry and eXp Commercial is a natural partner with its cloud-based, technology-driven platform.”
eXp Commercial offers all licensed brokers a free training and certification program for commercial real estate – regardless of whether they work with eXp or not. The “An Introduction to Commercial Real Estate” training program will take place from April 26th to 30th on the company’s virtual campus, eXp World. It will be moderated by Michael Simpson of the National Commercial Real Estate Association (NCREA).
For more information on eXp Commercial, please visit www.expcommercial.com.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty, Virbela and SUCCESS Enterprises.
eXp World Holdings and its global broker, eXp Realty, is one of the fastest growing real estate technology companies in the world with more than 51,000 agents in the US, Canada, UK, Australia, South Africa, India and Mexico. Portugal, France, Puerto Rico, Brazil, Italy and Hong Kong and still internationally scalable. As a publicly traded company, eXp World Holdings provides real estate professionals a unique opportunity to receive stock prices for production goals and contributions to the company’s overall growth. eXp World Holdings and its companies provide a full suite of broker and real estate technology solutions, including the innovative residential and commercial real estate broker model, professional services, collaboration and personal development tools. The cloud-based brokerage is based on a comprehensive 3D platform that is very social and collaborative and enables agents to be more connected and more productive.
Further information can be found at https://expworldholdings.com/.
Safe Harbor Statement
The statements contained herein may contain statements about future expectations and other forward-looking statements that are based on the current views and assumptions of management and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially express or implied differ in such statements. Such forward-looking statements speak only as of the date of this agreement and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the economic and social impact of the COVID-19 pandemic; continuous growth of our agent and broker base; Expansion of our residential real estate brokerage business to foreign markets; Demand for remote working and distance learning solutions and virtual events; Developing our new commercial realtor and our ability to attract commercial real estate agents; and sales growth and financial performance. Such statements are not guarantees of future performance. Important factors that could cause actual results to differ materially and adversely from those expressed in any forward-looking statement are changes in business or other market conditions; the difficulty of keeping cost growth at a modest level while increasing revenues; and other risks disclosed 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 the annual report on Form 10-K.
Contact for media relations:
eXp World Holdings, Inc.
Investor Relations Contact:
MZ Group – MZ North America
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe0f0098-a393-4d15-9acb-cbbe23783068
