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eXp Realty beats earnings

Virtual residential brokerage eXp Realty’s profits surged to a record $8.3 million during the second quarter as home-buying was forced to go remote. For the quarter ending June 30, eXp World Holdings said revenue grew 33 percent year over year to $354 million.

  • Worth Noting: The firm ended the second quarter with 31,000 agents globally, up 54 percent year over year. Despite health and economic concerns, eXp said sales volume rose 26 percent to $13 billion during the quarter, up from $10.3 billion during the same period in 2019. The number of sales increased 22 percent to 43,653. [TRD]

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