eXp Realty

Overview

eXp Realty was founded by Glenn Sanford, who had previously built and sold a smaller real estate operation and set out to redesign the brokerage model around a fully cloud-based, virtual-office structure instead of brick-and-mortar branches. Agents, brokers, and staff conduct training, collaboration, and day-to-day business through a 3D virtual campus, and the model is licensed and franchise-free, operating as a single national/international brokerage rather than a network of independently owned offices. The company's parent, eXp World Holdings, later renamed itself AGNT, Inc. in 2026 following a corporate restructuring, and the parent's Nasdaq ticker changed from EXPI to AGNT as part of that process, alongside a redomestication of the legal state of incorporation from Delaware to Texas. eXp Realty's agent compensation combines a standard commission split with an optional revenue-share program that pays sponsoring agents a portion of company revenue tied to production by agents they helped recruit, plus a stock-ownership program. eXp Realty describes itself today as operating in roughly 29 countries, including Canada, the United Kingdom, Australia, Mexico, France, India, Portugal, and South Africa, alongside all 50 U.S. states, with over 83,000 affiliated agents worldwide. Corporate operations are based in Bellingham, Washington.