eXp World Holdings announced the acquisition of NextHome, Inc., a national real estate platform, that eXp stated would transform its own “world-class infrastructure into a versatile, multi-model platform capable of supporting diverse business models and brands under one global umbrella.” NextHome adds a franchise model alongside eXp’s existing cloud-based brokerage, bringing 500+ franchisees across the US. Together, the two entities will combine to offer “every entrepreneurial real estate professional a seat at the table, on their own terms.”
As part of this acquisition, eXp World Holdings, Inc. will now officially begin trading under the new ticker symbol “AGNT” on the Nasdaq Global Market, a reflection of the company’s strategic evolution and continued focus on empowering independent agents and brokers through a cloud-based, technology-driven multi-platform model. The new ticker symbol is designed to declare eXp’s brand identity and who it serves.
“The industry has reached a tipping point, a one-size-fits-all model no longer works for the visionary entrepreneur,” said Leo Pareja, eXp Realty CEO. “AGNT is a declaration of who we build for. Adding the NextHome franchise model gives our agents and franchise owners maximum optionality, backed by a proven leadership team and now with a unified world-class infrastructure and an expanded global network. Teams and agents need more paths forward, and the industry needs companies led by people who don’t just talk about being agent-centric, but live it. We’re building a platform that supports multiple models, because every agent, and every consumer served, deserves choice.”
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