Following the 2007 real estate crash, broker Glenn Sanford envisioned a more resilient business model, moving beyond the traditional 'location, location, location' mantra toward agility and sustainability. Like the YouEconomy, eXp Realty empowers independent agents and brokers with true ownership and location independence. Today, it's a Nasdaq-listed brokerage that hit $1 billion in market capitalization on its trading debut.
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eXp Realty's explosive growth has propelled stock prices skyward, tripling agent numbers from early 2018 to over 13,000 across the United States and Canada by July. 'When we set out to transform the real estate experience, I drew from my own time as an agent,' says Sanford. 'It had to be a hub for entrepreneurial voices, long-term stability, and family-focused futures.'
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This success stems from bold innovations. Unlike traditional brokerages with physical offices and high fees, eXp Realty operates entirely remotely, freeing agents to work independently.
Networking thrives via virtual reality on the eXp Realty Virtual Campus—complete with meeting spaces, a training auditorium, and even a virtual lake for casual boat rides during discussions.
For collaboration, cloud tools replace paperwork, whiteboards, and email, enabling seamless teamwork for remote agents, contractors, and staff from the US, Canada, Germany, Netherlands, and India.
Sanford's approach is paying off: In June, he was named a Top Employee CEO in Glassdoor's Choice Awards.
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This article originally appeared in the Winter 2018 issue of LadiesBelle I/O magazine.
