EXp World Holdings reports first profitable quarter since NASDAQ listing

EXp Realty has grown wildly in last few years, on the back of its relatively low annual commission cap for agents ($16,000), its revenue-sharing model and its virtual design. As a completely virtual company, the brokerage operates more nimbly without one of the main expense line items for traditional brokerages. Agent count grew 63 percent in 2019 to 25,423 agents.