eXp World Holdings Expands Real Estate Operations in

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BELLINGHAM, Washington, August 31, 2021 (GLOBAL) – eXp World Holdings, Inc. (Nasdaq: EXPI), the holding company of eXp Realty, one of the fastest growing real estate companies in the world, has expanded. to Germany under the banner of eXp Germany. EXp now operates in 18 countries and territories with over 62,000 agents worldwide.

eXp offers real estate agents a unique cloud-based working platform and an attractive commission model that includes company equity. The flexible and universally attractive model has allowed eXp to quickly expand globally, opening five new countries in 2020 and nine new markets in 2021, with Japan also slated to open this year.

EXp Realty’s global expansion is led by Michael Valdez, president of eXp Global and an international real estate veteran with experience opening markets around the world.

“Our decision to enter the German market follows the unprecedented growth of eXp and reflects the momentum we are experiencing in the EMEA region and our ambitions for future growth,” Valdes said. “Germany is the fourth largest economy in the world and the most populous country in Western Europe, making it one of the largest players in the real estate market. With an already successful presence in six European markets, Germany is a natural next step for eXp as we continue to offer our life-changing business model to agents around the world. ”

EXp Germany’s brokerage operations will be led by Ilka Vietz, Managing Director of eXp Germany. Vietz has almost 20 years of experience in the German market. She is a Certified Trainer and Instructor in Neuro Linguistic Programming (NLP), has led regional real estate departments at various banks and has successfully worked as a real estate agent herself.

“With the launch of eXp Germany, brokers and real estate agents will now have the opportunity to grow their businesses and generate stable long-term income,” says Vietz. “EXp technology provides a global collaboration that will revolutionize brokerage in Germany.”

Germany is the second of three markets eXp Global has decided to expand in the third quarter of 2021, opening Panama in July, with Japan slated to open at the end of the year. Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain and Israel have already started operations in the first two quarters of the year.

eXp Realty offers a unique financial model for residential and commercial real estate agents that goes beyond commissions to provide its agents with the opportunity to generate additional income by helping the company grow its revenue base anywhere in the world. Agents can also earn shares in eXp World Holdings shares for listing and sale. EXp’s cloud-based brokerage is powered by Virbela, the company’s 3D immersive and collaborative platform that allows agents and staff to communicate, meet and do business in a virtual world.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is a holding company of eXp Realty, Virbela, Showcase IDX and SUCCESS Enterprises.

eXp World Holdings and its global brokerage company eXp Realty is one of the fastest growing technology companies in the world with over 62,000 agents in the USA, Canada, UK, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil. Italy, Hong Kong, Colombia, Spain, Israel, Panama and Germany and continues to grow internationally. As a publicly traded company, eXp World Holdings provides real estate professionals with a unique opportunity to earn equity rewards for production purposes and contribute to the overall growth of the company. eXp World Holdings and its businesses offer a full range of real estate brokerage and technology solutions, including an innovative residential and commercial brokerage model, professional services, collaboration tools and personal development. Cloud brokerage is based on an immersive 3D platform that is deeply social and collaborative, allowing agents to be more connected and productive.

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

Safe Harbor Statement

The statements contained in this document may include forward-looking statements and other forward-looking statements based on management’s current views and assumptions and associated with known and unknown risks and uncertainties that could cause actual results, performance or events to materialize. differ from those expressed or implied. in such statements. Such forward-looking statements are valid only as of the date of this document and the company assumes 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; constant growth of our agent and brokerage base; expanding our residential real estate brokerage business to overseas markets; the need for solutions for teleworking and distance learning and virtual events; the development of our new commercial broker and our ability to attract commercial real estate brokers; growth of income and financial indicators. Such statements are not guarantees of future results. Important factors that could cause actual results to differ materially and negatively from those expressed in the forward-looking statements include changes in business or other market conditions; the difficulty of keeping cost growth at a moderate level while increasing revenues; and other risks that are detailed from time to time in the company’s securities and exchange records, including but not limited to the most recent quarterly report on Form 10-Q and annual report on Form 10-K.

Media Relations Contact:
eXp World Holdings, Inc.
Mediarelations@expworldholdings.com

German Media Relations:
Arne Pflugrad
arne.pflugrad@publicimaging.de

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

An image accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/924575c6-d0ba-4c13-af06-1dea3caae9f2

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