Overview
eXp Realty operates as a cloud-based real estate brokerage with a global reach. It helps people buy, sell, and rent homes by connecting clients with experienced real estate agents through an online, virtual platform rather than physical offices. The service works by using online tools and a virtual environment to manage listings, show properties, process transactions, and communicate, while agents can work from anywhere and may become shareholders in the company, aligning their success with the firm’s growth. Revenue comes from commissions on real estate transactions and through additional tools and services offered to agents. The company differentiates itself by running entirely in the cloud with low overhead, a scalable platform, and a model that lets agents own a stake in the business. Its goal is to streamline the home buying and selling process globally through technology and to empower agents to grow their careers while sharing in the company’s growth.
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About eXp Realty
Industries
Company Size
10,001+
Company Stage
Seed
Total Funding
$760K
Headquarters
Bellingham, WA
Founded
2009
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Simplify's take
What believers are saying
- eXp and Newrez launched Revenos Mortgage on October 8, 2026, opening referral revenue.
- eXp Realty announced Switzerland expansion on October 9, 2026, extending its European footprint.
- Nearly 4,000 agents attended eXpcon 2026, signaling strong internal engagement.
What critics are saying
- Leo Pareja warned national transactions could fall below 4 million, squeezing commissions.
- Compass, Zillow, and regional MLSs are suing over private-listing rules, threatening eXp's distribution.
- If agent growth stalls, eXp's commission-take model collapses.
What makes eXp Realty unique
- eXp runs a cloud brokerage with no physical offices, cutting overhead materially.
- On October 8, 2026, eXp launched MCP First, letting agents use preferred AI.
- Nexus unifies international CRM, listings, commissions, and messaging across six languages.
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Funding
Total Funding
$760k
Below
Industry Average
Funded Over
1 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
0%1 year growth
24%2 year growth
24%eXp Realty's parent grew revenue 6% to $1.4 billion, but swung to a $4.3 million loss. Article Context PLATFORM DISCLAIMER: To support its mission to provide valuable resources and insights, United States Real Estate Investor(R) may earn affiliate commissions from links or advertising featured in its content. Images are for informational and entertainment purposes only and may not be fully representative of people or places. United States Real Estate Investor(R) United States Real Estate Investor(R) News Key Takeaways * AGNT, Inc., the parent of eXp Realty and NextHome, grew third-quarter 2026 revenue 6% to $1.4 billion, but swung to a net loss of $4.3 million from net income of $3.5 million a year earlier. * Agents and brokers rose 5% to 87,457, sales transactions rose 8% to 131,546, and sales volume rose 10% to $59.3 billion. Excluding NextHome, which AGNT bought in May, transactions grew just 1.7%, according to the earnings call. * Operating expenses rose 7% to $87.9 million and adjusted EBITDA fell 3% to $17.1 million. The company ended the quarter with $111.4 million in cash and no debt. * For the fourth quarter, AGNT guides revenue of $1.0 billion to $1.2 billion and adjusted EBITDA between a $7 million loss and breakeven. The parent of eXp Realty got bigger in the third quarter and made less money doing it. That split is the whole story in AGNT, Inc.'s latest results. AGNT, formerly eXp World Holdings, Inc., is the holding company for eXp Realty, NextHome, Inc., FrameVR.io and SUCCESS Enterprises. It announced results on November 5, 2026, for the third quarter ended September 30, 2026, in its GlobeNewswire release. Growth on top, a loss at the bottom. Revenue rose, and so did the work behind it. Transactions and sales volume both grew faster than revenue. | AGNT, Inc., Q3 2026 | Q3 2026 | Q3 2025 | Change | | Revenue | $1.4 billion | $1.3 billion | Up 6% | | Gross profit | $91.0 million | $86.2 million | Up 5.5% | | Operating income | $3.1 million | $4.0 million | Down 22.5% | | Net income (loss) | ($4.3 million) | $3.5 million | Swing to loss | | Net income (loss) per diluted share | ($0.03) | $0.02 | Swing to loss | | Operating expenses | $87.9 million | $82.2 million | Up 7% | | Adjusted EBITDA | $17.1 million | $17.7 million | Down 3% | | Net cash provided by operating activities | $18.2 million | $28.9 million | Down | Chief Executive Officer Leo Pareja put the emphasis on scale and productivity. "AGNT's third-quarter results reflect a business with more agents, and more productive agents, than a year ago, and a financial position that we believe leaves us well-positioned to lead the industry through challenging times," Pareja said. Chief Financial Officer Jesse Hill pointed to discipline and to one fast-growing corner. "We grew the top line in a housing market that remains challenging, and we're delivering on our goal to manage the business with discipline while continuing to invest in innovation for our agents," Hill said. On the earnings call, Hill said heightened legal costs were the primary reason operating income fell, which explains why a 6% revenue gain did not reach the bottom line. The acquisition inside the growth, and a satisfaction score that fell. Here is the fresh insight most headlines missed. The 8% transaction growth includes NextHome, which joined AGNT through an acquisition in May 2026. Excluding NextHome, transactions grew just 1.7%, according to the earnings call. In other words, most of the growth was bought, not won from a recovering market, a pattern also visible in Compass's record quarter, where pro forma transactions barely grew without its merger. Two other numbers in the release deserve a second look. The global agent Net Promoter Score, a measure of agent satisfaction, fell to 67 from 75 a year earlier, even as the agent count rose. * Agents and brokers: 87,457 at September 30, 2026, up 5% * Sales transactions: 131,546, up 8% * Sales volume: $59.3 billion, up 10% * Agent satisfaction (aNPS): 67, down from 75 * Fastest-growing segment: International, with revenue up 27%, according to Hill A fourth-quarter guide that points down, and how to use it. AGNT was direct about what comes next. Its fourth-quarter outlook calls for lower revenue and for adjusted EBITDA that could be negative. | AGNT outlook | Q4 2026 | Full-year 2026 | | Revenue | $1.0 billion to $1.2 billion | $4.85 billion to $5.05 billion | | Operating expenses | $93 million to $97 million | $362 million to $367 million | | Adjusted EBITDA | ($7 million) to $0 million | $40 million to $47 million | The company still paid shareholders through the soft quarter. It distributed $8.4 million of cash dividends, and its board declared a $0.05 per share dividend for the fourth quarter, expected to be paid on December 4, 2026, to stockholders of record on November 20, 2026. * Separate bought growth from earned growth. When a brokerage reports transaction growth after an acquisition, find the excluding-acquisition number first. Here it is 1.7%, not 8%, and that gap changes how strong the underlying market really is. * Budget for a slower winter, even at the biggest shops. A guide of a $7 million adjusted EBITDA loss to breakeven, from a company with 87,457 agents and no debt, is a clear signal to keep reserves and avoid counting on a fourth-quarter volume rescue. * Watch satisfaction, not just headcount. An agent score falling from 75 to 67 while headcount rises 5% warns that growth can strain the people who produce the revenue. For investors who work with agents, retention risk matters as much as recruitment headlines. The useful takeaway is not that eXp Realty shrank. It did not. It is that even a debt-free brokerage with $111.4 million in cash, 87,457 agents, and 10% sales volume growth could not turn that scale into a profit this quarter. Beginner investors who underwrite deals for a flat, expensive market, rather than for the recovery the headlines imply, are reading this release correctly. Data source: AGNT, Inc., third quarter 2026 results for the quarter ended September 30, 2026, released November 5, 2026 via GlobeNewswire. Earnings call detail on NextHome and legal costs is from the company's November 5, 2026 call, as reported by Inman, RISMedia and MarketBeat. United States Real Estate Investor(R) Information Disclaimer The information, opinions, and insights presented on United States Real Estate Investor are intended to educate and inform its readers about the dynamic world of real estate investing in the United States. While United States Real Estate Investor strive to provide accurate, up-to-date, and reliable information, United States Real Estate Investor encourage readers to consult with professional real estate advisors, financial experts, or legal counsel before making any investment decisions. Its team of expert writers, researchers, and contributors work diligently to gather information from credible sources. However, the real estate market is subject to fluctuations, changes, and unforeseen events. United States Real Estate Investor cannot guarantee the completeness or accuracy of the information presented, nor can United States Real Estate Investor be held responsible for any actions taken based on the content found on its website. United States Real Estate Investor may include links to third-party websites, products, or services. These links are provided for convenience and do not constitute an endorsement or approval by United States Real Estate Investor. United States Real Estate Investor is not responsible for the content, privacy policies, or practices of any third-party sites. United States Real Estate Investor welcome diverse perspectives and encourage healthy debate and discussion. By accessing and using the content on United States Real Estate Investor, you agree to this disclaimer and acknowledge that the information provided is for informational and educational purposes only. United States Real Estate Investor. United States Real Estate Investor(R) Helping you learn how to achieve financial freedom through real estate investing. Don't miss out on the value. Articles You Might Like United States Real Estate Investor More content. United States Real Estate Investor(R). Key Takeaways U.S. employers added 165,000 jobs in October 2026, more than three times the D.R. Horton orders fell 7% to 18,619 in fiscal Q4 2026, cancellations rose to 23%,
eXp Realty partners with RealScout for coming Soon listings. By E-A-A / October 27, 2026 Navigating the ever-changing real estate landscape requires keeping a close eye on the latest technological alliances. A major new partnership between eXp Realty and RealScout is set to integrate exclusive pre-market properties directly into active client searches later this year. This strategic collaboration aims to streamline how agents and prospective buyers interact with pre-market inventory. By shifting the focus toward collaborative digital environments, the real estate industry continues to evolve rapidly. Table of Contents Transforming pre-market visibility and search. Bringing early-stage inventory into active discussions offers a distinct advantage for both buyers and sellers. When examining modern property developments, understanding the broader context of architecture articles can provide valuable insights into market trends. Leo Pareja, CEO of eXp and its parent company AGNT, highlighted that increasing early visibility ensures fairer outcomes for sellers. Rather than relying on traditional, fragmented channels, agents can now present these opportunities seamlessly. Closing the gap in real estate marketing. Andrew Flachner, co-founder and CEO of RealScout, emphasized that the integration effectively bridges the gap between disparate marketing channels. Simplifying the search process benefits everyone involved in the transaction. For those interested in exploring how structures adapt over time, looking into historical architecture offers a fascinating perspective on property evolution. Technology continues to reshape how Engineers and Architects of America buy and sell homes today. Expanding synergies across major platforms. This new agreement naturally follows eXp's previous spring initiative allowing agents to syndicate "Coming Soon" listings through Zenlist to major portals. Throughout these expansions, eXp has consistently maintained that its platform partnerships remain non-exclusive and open to equal-terms agreements. If you want to dive deeper into property layouts, reading through various home design resources can help clarify what modern buyers look for. Staying informed about design trends is just as vital as tracking inventory technology. The competitive landscape of pre-marketing. RealScout's recent momentum in the pre-marketing space is further reinforced by a similar integration deal with Zillow. Under that arrangement, participating brokerages gain streamlined access to specialized pre-marketing listings directly on the platform. To broaden your knowledge base further, checking out informational guides can offer a comprehensive look at industry standards. These tools empower both professionals and consumers alike. Future outlook for real estate tech. These rapid developments clearly highlight an increasingly competitive pre-marketing landscape among major brokerages and tech platforms. As digital tools become more sophisticated, the entire transaction lifecycle grows more interconnected. For industry enthusiasts who love seeing physical spaces firsthand, participating in local architecture tours remains an exceptional way to appreciate structural artistry. Ultimately, combining physical appreciation with cutting-edge search technology defines the future of real estate. Additional Reading:
Brokerage giants launch 'Open Real Estate' in direct challenge to private listing networks. eXp Realty, Keller Williams, HomeServices of America and Real REMAX Group form a free listing-distribution coalition as federal antitrust battles over private home inventory reach a new peak. By Lawrence Dubois / Published: Oct 27 2026, 8:45 AM EDT The battle over who controls America's home listings moved to new ground Sunday, when four of the country's largest brokerage companies announced a shared technology platform designed to counter the growing use of private listing networks and keep property inventory visible to all buyers and agents. The initiative, called Open Real Estate, brings together AGNT Inc. - parent company of eXp Realty and NextHome - HomeServices of America, Keller Williams Realty, and Real REMAX Group. Participation will be free for brokerages of any size. The platform is designed to let agents enter a property listing once and distribute it simultaneously to multiple listing services, real estate portals, and other authorized recipients. Eight additional firms signed on at launch, including Brown Harris Stevens, Lamacchia Realty, Samson Properties, and Windermere Real Estate. The timing is pointed. Compass, the nation's largest brokerage by transaction volume, has spent much of the year in federal court challenging the rules that require publicly marketed homes to be submitted to an MLS within one business day. NAR's Clear Cooperation Policy, which took effect in 2020, still stands - NAR confirmed in July that the rule remains applicable to pre-marketing and office exclusive listings - but the legal pressure against it is reaching a new intensity. Compass filed a federal antitrust suit against California Regional MLS, the country's largest regional listing service, on October 16, asking a court to block enforcement of its mandatory-submission policies. Four days later, six regional MLS organizations - Arizona Regional MLS, Bridge MLS, Canopy MLS, REcolorado, Hive MLS, and Doorify MLS - filed their own federal action against Compass in the Southern District of New York, asking for a court declaration that their listing rules comply with antitrust law. Zillow filed a separate antitrust complaint against Compass and Chicago-area provider MRED in May, alleging the two companies coordinated to pressure the portal into carrying Compass's private listings or risk losing access to regional data. The House Judiciary Committee's antitrust subcommittee sought its own staff briefings on the Compass-MRED arrangement over the summer. Open Real Estate stepped into that landscape with an open letter posted at openrealestate.com, titled "Housing Markets Must Remain Open To All." The founding companies wrote that "access, information and transparency should be a benefit, not a barrier" for anyone seeking to purchase a home, and that a healthy market ensures buyers encounter the broadest possible inventory while competitive success accrues to those who create value rather than to those who restrict information. The platform's stated principles are four: expanding buyer access to housing data, helping sellers make genuinely informed marketing decisions, protecting the integrity of listing information, and promoting fair competition regardless of a firm's size or technical resources. Bess Freedman, chief executive of Brown Harris Stevens, which signed on as one of the eight participating launch brokerages, has been among the industry's more vocal voices on the issue. She raised concerns publicly this fall, in remarks reported in connection with the Compass antitrust litigation, that private listings can make it harder for competing agents to access complete property information on behalf of their buyers. Open Real Estate is explicitly designed to run alongside existing MLSs rather than to displace them. The founding companies acknowledged the role regional listing services play in setting local rules and providing infrastructure for agents. That design choice puts the initiative's philosophy in direct contrast to Compass's litigation strategy, which challenges the foundations of mandatory-submission requirements themselves. The competing arguments are worth holding separately. Compass contends that its phased marketing model - moving listings from private exclusive to coming-soon to full MLS - gives sellers more control over their exposure and timing, and that the company requires written seller consent before any off-MLS marketing occurs. MLSs that have challenged the practice in court have cited data showing that roughly 94 to 95 percent of Compass's private-phase listings eventually move to public MLS status regardless, an outcome critics argue weakens the seller-control rationale for withholding listings in the first place. For buyers, the implications are concrete. National active inventory is running near 912,000 listings according to Altos Research, still well below historical norms, and the 30-year fixed mortgage rate sits at 7.38%. In that environment, homes channeled through private brokerage networks before surfacing on public portals directly reduce what any buyer can find without already having a relationship with a specific brokerage. Research cited in ongoing litigation has connected private listing practices to broader affordability concerns, including the possibility that hidden inventory suppresses competing offers that would otherwise benefit sellers. For agents at independent and mid-size firms, the free shared technology layer addresses something more immediately operational: the time spent manually entering the same listing data into multiple MLSs and portals. A single input that routes to all authorized recipients simultaneously would reduce that friction and give smaller operations a distribution reach that currently demands significantly more administrative effort. NAR's advisory board has not taken formal action on Clear Cooperation after reviewing extensive industry feedback, leaving the policy's long-term status unresolved. With at least three active federal antitrust cases touching private listing practices now in various stages of litigation, any court ruling that narrows mandatory-submission requirements would materially raise the competitive pressure on open-listing infrastructure. Sellers reviewing listing agreements should ask their agent specifically which platforms will carry the property from the first day of marketing and what verified data supports any seller-benefit claims for delaying MLS entry. Given the pace of legal change across multiple jurisdictions - including states that have passed legislation requiring written disclosure before any off-MLS marketing - an independent real estate attorney can clarify what disclosure requirements now apply before a listing agreement is signed. Join the Discussion EDITOR'S PICKS
Spokane Realtor Mark Hein joins REAL Broker LLC. Licensed real estate agent brings listing expertise and senior housing specialization to The Real Brokerage SPOKANE (October 13, 2026): Mark Hein, REALTOR(R), has joined REAL Broker LLC, part of The Real Brokerage, after his time with eXp Realty. Hein will continue representing buyers and sellers throughout Spokane, Spokane Valley, Mead, the North Plains, and surrounding communities. Licensed since 2021, Mark Hein is a primary member of the Spokane Association of REALTORS(R) MLS and a member of the Northwest Multiple Listing Service, which allows him to represent clients in markets across the state. His business centers on professionalism, diligent advocacy, and putting each client's interests first at every stage of a transaction. Hein works extensively as a listing agent and has built particular experience helping sellers whose homes did not sell on the first attempt, including expired listings and properties first offered for sale by owner. His closed sales history on Realtor.com provides an independent, public record of his production. He also guides buyers through every kind of purchase, from first homes to upsizing and transitional moves. Hein also holds the Senior Real Estate Specialist (SRES(R) designation from the National Association of REALTORS(R), preparing him to support older homeowners and their families through complex housing decisions. "Helping a family buy or sell a home is a responsibility I take seriously," said Hein. "Joining Real gives me the technology and support to respond faster and serve my clients even better as they move into their next chapter." At The Real Brokerage, Hein's clients gain access to a mobile first platform for searching properties and scheduling showings in real time. About Mark Hein Mark Hein is a licensed REALTOR(R) with REAL Broker LLC serving the greater Spokane area. Known for steady guidance and straightforward advice, he helps clients navigate the market with confidence. Learn more at NavigateHome.net.
Live from eXpcon: New CEO, new launches and an interview with COO Wendy Forsythe. All the news from eXp Realty's big event in Salt Lake City October 12, 2026 Last week, Inman was live at eXpcon in Salt Lake City for all of the new product launches and big announcements from the growing cloud-based brokerage. Whether you were there on-site or just want to get caught up on all the news from eXp Realty's big event, here's a roundup. Inman Group want to make sure you don't miss a thing. To start with the big surprise of the event, Glenn Sanford announced that he would be stepping back from his CEO role at AGNT, Inc., eXp Realty's parent company, and elevating current eXp Realty CEO Leo Pareja to the top job. Taylor Anderson was on the floor and caught up with Pareja right after the announcement: Pareja wasn't the only C-suite exec talking to Inman. eXp Realty COO Wendy Forsythe discussed content marketing, messaging and the new tools eXp rolled out during the event. Nick Pipitone provided in-depth coverage of eXp's new slate of agent tools, starting with its "MCP First, AI of Choice" AI strategy, which allows agents to connect Claude, ChatGPT or whatever AI tool they already use directly to their eXp business data. eXp is still building its own AI platforms as well. "eXp is connecting agents to their preferred AI tools while also developing its own brokerage technology," an eXp spokesperson told Inman on Wednesday night. In addition to its AI announcement, eXp unveiled financing, seller and showing tools in response to Pareja's take on the current tough market. "We're heading into an even softer market, with rates creeping into the sevens," he said. "I said on CNBC a couple of days ago that it's not out of the realm of possibility Inman Group could touch an 8 percent handle on interest rates. I hope not, but it's possible. "We could also dip below 4 million transactions as a country, into the 3.8 million to 3.9 million range. The last time that happened was in 1995, with 80 million fewer Americans. So I'm excited to see our agents come to events to sharpen the sword, get better, spend time in breakouts on scripting, dialogues, and workflows, and figure out how best to serve buyers and sellers in this complicated market." The cloud-based brokerage will enter Switzerland, Abu Dhabi and expand its operations in Mauritius, Felix Bravo, eXp's managing director of international, announced on stage at the brokerage's conference in Salt Lake City. "Our agents will make connections around the world. They'll make introductions to us... but the most important thing is what group of agents we have found in that market [who] believe in the vision of eXp, who understand what our model can do and see that there's a need for it in their country or in their market," Bravo told Inman. "Based on that, we'll kind of just go with it."
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About eXp Realty
Industries
Company Size
10,001+
Company Stage
Seed
Total Funding
$760K
Headquarters
Bellingham, WA
Founded
2009
There are no jobs for eXp Realty right now.
Find jobs on Simplify and start your career today
We update eXp Realty's jobs every few hours, so check again soon!Browse all jobs