eXp World Holdings, parent company of eXp Realty, reported a total revenue pull of $3.8 billion for 2021—with $1.1 billion coming in Q4 alone! According to a company statement, revenue increased 110 percent on an annual basis, setting a new record for the brokerage.
Looking at net income, eXp reports a 162 percent annual increase to $81.2 million in 2021, and a quarterly increase of 101 percent to $15.5 million in Q4.
“2021 was another year of tremendous growth for eXp, as our core focus on innovation enabled us to welcome nearly 30,000 new agents across six continents to eXp,” said Glenn Sanford, Founder, Chairman and CEO of eXp World Holdings. “As real estate professionals increasingly turn to technology-based solutions for productivity and collaboration, our cloud-based platform has given us a first-mover advantage to scale our brokerage at the fastest rate in the industry. We attract top agents that value freedom, compensation and community.”
Agents and brokers on the eXp Realty platform increased 72 percent last year to 71,137 as of Dec. 31, 2021. Said agents closed 444,367 transactions in 2021, increase of 86 percent. The fourth quarter saw a 52 percent transaction increase, closing 125,029 deals.