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BELLINGHAM, Wash. - eXp Realty, a subsidiary of eXp World Holdings, Inc. (NASDAQ:EXPI), with a market capitalization of $1.5 billion and according to InvestingPro analysis, a prominent player in the Real Estate Management & Development industry, has announced the launch of its Co-Sponsor Program, set to debut on May 1, 2025. The initiative, revealed during eXpcon Montréal, introduces a dual sponsorship structure for new agents and advisors, enabling them to select both a Primary Sponsor and a Co-Sponsor.
This program aims to enhance leadership support and accelerate onboarding, allowing agents to benefit from the expertise of two leaders instead of one. According to Glenn Sanford, Founder, Chairman, and CEO of eXp World Holdings, this move represents a strategic evolution for the company, building upon its history of innovation in cloud-based real estate and revenue sharing models.
Under the new Co-Sponsor Program, Primary Sponsors will maintain their existing benefits, which include levels 2-7 revenue share, FLQA qualifications, and stock awards. Co-Sponsors, on the other hand, will have the opportunity to support agents beyond their personal downline, earning level 1 revenue share and a Fast Start bonus, which constitutes 50% of the revenue share in the agent’s first year. The company’s financial position appears solid, with InvestingPro data showing more cash than debt on its balance sheet and liquid assets exceeding short-term obligations.
Leo Pareja, CEO of eXp Realty, emphasized that the program is more than just an onboarding enhancement; it’s a strategic tool for fostering agent growth and organizational scaling. By allowing experienced leaders to assist agents outside their organization, the program is designed to expand the global agent base more rapidly.
The Co-Sponsor Program also introduces a toolkit to help agents maximize the benefits of this new structure. This toolkit includes training materials, tools, and templates aimed at facilitating the program’s adoption.
eXp Realty is recognized as the largest independent real estate brokerage in the world, boasting nearly 83,000 agents across 25 international locations. The company continues to offer agents competitive commission splits, revenue share, equity ownership opportunities, and a global network to support business growth. With annual revenue of $4.57 billion and a strong free cash flow yield, InvestingPro analysis reveals 15+ additional key insights about EXPI’s financial health and market position, available through their comprehensive Pro Research Report.
This press release statement indicates that the Co-Sponsor Program is part of eXp Realty’s ongoing efforts to innovate and support its agents, although the company’s forward-looking statements are subject to various risks and uncertainties that could affect actual results.
In other recent news, eXp World Holdings reported a notable 12% increase in revenue for the fourth quarter of 2024, reaching $1.1 billion, which exceeded analyst expectations by 6.8%. The company’s adjusted EBITDA for the quarter stood at $7.7 million, outperforming the anticipated $2 million loss, indicating stronger-than-expected financial performance. Despite this success, eXp World Holdings faced a decrease in its agent count, losing 2,269 agents in the fourth quarter, primarily due to a decline in domestic agents. DA Davidson maintained a Neutral rating on the company’s stock with a price target of $13.50, reflecting mixed results with solid financials but concerns about agent retention. Additionally, eXp World Holdings announced the resignation of its Chief Accounting Officer and principal financial officer, Jian (Kent) Cheng, effective March 31, 2025, with a transition plan in place to maintain financial stability. The company also amended its share repurchase plan, extending it through December 31, 2025, as part of its capital return strategy. Furthermore, eXp Realty, a subsidiary of eXp World Holdings, welcomed HGTV star Kortney Wilson to its team, aiming to leverage her expertise in home renovation and design.
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