BELLINGHAM, WA – eXp Realty, A National Cloud-Based Real Estate Brokerage, announced today that it has been nominated by Inman News as a 2011 Innovator Awards Finalist in the Innovative Brokerage or Franchise category.
“I want to congratulate all of the Innovator Awards finalists across all categories,” eXp Realty’s CEO, Glenn Sanford said. “That we would be recognized by an authority as esteemed as Inman, and in the company of so many of the industry’s standard-bearers is tremendously gratifying and humbling.”
Each year, the Innovator Awards recognize dozens of companies, industry entities and products that are front-runners in the industry’s tech progression. The winners among the finalists in each category will be announced during the Real Estate Connect conference in San Francisco, which runs from July 27-29, 2011.
Launched in October of 2009, eXp Realty has agents spread across 17 states who, through the company’s 3-D immersive platform, are able to collaborate across borders, while learning and transacting business from anywhere in the world. The efficiencies created by the company’s unique use of technology, while providing an agent support structure and social experience that surpasses the possibilities of a bricks and mortar operation, also create a cost savings that the company can pass on to its agents in the form of compensation.
Sanford, who launched his first software company at the age of 14, and who quickly achieved national success in real estate sales upon entering the industry in 2002 recognized at the end of the decade that the technology existed to both survive and thrive in otherwise challenging conditions. “We literally are providing more broker access, web development and technology support, training, and business planning resources than what is possible in almost any traditional office,” Sanford said. “At the same time, we’ve quickly become profitable as a company and have been able to afford our agents the opportunity to earn more money than they ever have previously.”
eXp offers its agents an 80% split out of the gate with no franchise or desk fee and no rollback; a 16k cap before reaching 100%; and, the industry’s most aggressive revenue share plan, which even in its relative infancy is resulting in thousands of dollars in additional monthly income to agents. In recent months, eXp has welcomed the arrival of several brokers and agents who are recognized regionally and nationally, and has also complimented an already extensive training program with the addition of regular classes in its virtual space hosted by Darin Persinger of Productivity Junkies, and the launch of WTM Presents which is bringing some of the best and brightest minds in the industry into the company’s immersive conference setting to brainstorm and collaborate.
“We’ve really been able to build a culture at eXp that parallels our growth in a very short period of time,” Sanford said. “We celebrate our collective successes, including the Inman nomination and we couldn’t be more excited about our future.”