exp Realty, a large independent real estate country and subsidiary of exp World Holdings, has celebrated the milestone of exceeding 1,000 agents across South Africa
This achievement is particularly impressive given the company registered 574 total agents in the country in July 2022. This represents a 74% increase in just over a year.
Michael Valdes, chief growth officer at eXp Realty, commented, “This is a proud moment for eXp Realty South Africa as we reach such a huge milestone. Our attractive and continuously evolving agent-centric value proposition continues to resonate with agents from around the world and we are so thrilled to be home to over 1,000 real estate professionals in South Africa.”
The growth in personnel has translated to a growth in activity, with the company also registering more transactions in the first half of 2023 compared to 2022. Andrew Thompson, director and country leader of exp Realty South Africa, explained, “eXp South Africa has realised a cash-flow positive, debt-free and profitable operation in its first 15 months since receiving its license via the Property Practitioners Regulatory Authority back in December 2020.
“Since its inception, eXp has remained committed to putting agents first to equip them with the knowledge and tools necessary to reach their full potential. I am so proud to be able to lead such an incredible group of agents through this expansion and beyond.”