Naperville, Plainfield and Oswego, IL Real Estate and Community News

Dec. 7, 2018

eXp Realty taps Keller Williams Realty vet to lead US growth

BELLINGHAM, WASH. — Dec. 6, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), today announced that Dave Conord has joined as Senior Vice President of Growth.

Dave will lead the U.S. growth and onboarding teams. In his role, he will collaborate with eXp Realty staff and agents as the company continues to be one of the fastest-growing real estate brokerages in North America.

Dave has more than 18 years of experience in the real estate industry. He was an owner/partner of multiple Keller Williams Realty market centers throughout the Mid-Atlantic and led one of the regions to No. 1 in the company for growth within three years. He also was one of the top recruiters at the company for nine years. At Long & Foster Companies, Dave developed professional and leadership training for sales managers and agents.

“We are fortunate to have Dave on our team. He brings a proven track record of scaling large brokerages and creating a phenomenal experience for agents. More importantly Dave was in the process of joining eXp Realty as an agent so he already gets how special eXp Realty is,” said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. “As we continue to obsess over the agent value proposition, I know Dave can’t wait to support all of our agents and brokers in sharing the unique eXp Realty opportunity.”

Dave holds a Bachelor of Arts in International Business from University of Maryland.

Want to see who else joined this rapidly growing brokerage?! Visit: https://www.ayersteam.com/join-exp-realty/see-who-joined-exp-realty/

Posted in eXp Realty
Dec. 7, 2018

eXp Realty Named a Best Place to Work for Second Year in a Row

Glassdoor’s 2019 Employees’ Choice Awards Recognizes High Production & Cultural Goals

BELLINGHAM, WASH. — Dec. 4, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), was named as a best place to work for a second year in a row in Glassdoor’s 2019 Employees’ Choice Awards among U.S. small and medium businesses.


The award is based solely on anonymous employee feedback via Glassdoor, where employees rate their company based on culture and values, work/life balance, senior management, compensation and benefits, and career opportunities. Currently on Glassdoor, eXp Realty has an overall 4.5 out of five stars.

Additional highlights on eXp Realty’s current Glassdoor profile include:

  • 96 percent of employees approved of CEO, Glenn Sanford.
  • 95 percent of employees would recommend working at eXp Realty to a friend.
  • 93 percent of employees said the company has a positive business outlook.

“We are thrilled that our eXp family has once again honored us with positive feedback on Glassdoor. At eXp, we give people the opportunity to think big and move ideas forward to make the company better, and we are humbled to see that resonate in our reviews,” said eXp Realty Senior VP of Human Resources and Employee Experience Mike Vein.

For more information about jobs at eXp Realty, please visit our jobs page: careers.exprealty.com/jobs

Methodology

Glassdoor’s Best Places to Work were determined using company reviews shared by U.S.-based employees between Oct. 23, 2017 and Oct. 21, 2018. To be considered for the small-and-medium business category, a company must have fewer than 1,000 employees and have received at least 25 ratings across each of the eight workplace attributes from U.S.-based employees during the period of eligibility. The final list is compiled using Glassdoor’s proprietary algorithm and takes into account quantity, quality and consistency of reviews.

Press Release located here.

Ready to learn more?  https://www.ayersteam.com/join-exp-realty/

Posted in eXp Realty
Nov. 13, 2018

eXp World Holdings Reports Record 3Q18 Results

Revenue Accelerates to $157.2 Million, 232% Year-over-year Increase

BELLINGHAM, WASH. — Nov. 13, 2018 — eXp World Holdings, Inc. (NASDAQ: EXPI), the holding company for eXp Realty,  the largest residential real estate brokerage by geography in North America, today announced financial results for the third quarter ended Sept. 30, 2018.

“This quarter we reported our highest quarterly revenue ever of more than $157 million as well as triple-digit-percent increases in transaction sales and volume, all of which are a direct result of our fantastic team of agents, brokers and staff who call eXp Realty home,” said eXp World Holdings, Inc. CEO, Chairman and Founder Glenn Sanford. “I am proud of all the great work everyone at eXp Realty is doing and it is great to see that it has translated into continued measurable, eXponential growth.”

Third Quarter 2018 Financial Summary

  • Revenue increased 232 percent in the third quarter, to a record $157.2 million, compared to $47.4 million in the third quarter of 2017. This represents sequential growth of more than 20 percent, compared to $130.5 million in the second quarter of 2018.
  • Gross profit grew 157 percent to $11.5 million in the third quarter of 2018, compared to $4.5 million in the third quarter of 2017.
  • Net loss was $4.6 million, or $(0.08) per diluted share in the third quarter of 2018, compared to net loss of $5.3 million, or $(0.10) per diluted share, in the third quarter of 2017.
  • Adjusted EBITDA (a non-GAAP financial measure) increased to $1.0 million in the third quarter of 2018, compared to ($0.9) million in the third quarter of 2017.
  • Cash flow from operations increased to $6.3 million in the third quarter of 2018, compared to $2.1 million in the third quarter of 2017.

Third Quarter 2018 Consolidated Operating and Business Highlights

  • The number of agents and brokers on the eXp Realty platform nearly tripled year-over-year, growing to 13,859 at the end of the third quarter of 2018 from 4,952 in the same quarter a year ago. This represents sequential growth of 17 percent, compared to 11,856 at the end of the second quarter of 2018.
  • Residential transaction sides closed in the third quarter of 2018 was 23,218, an increase of 211 percent compared to 7,456 during the third quarter of 2017. This represents sequential growth of 17 percent, compared to 19,903 during the second quarter of 2018.
  • Residential transaction volume closed in the third quarter of 2018 was $6.2 billion, an increase of 240 percent, compared to $1.8 billion during the third quarter of 2017. This represents sequential growth of 17 percent, compared to $5.3 billion during the second quarter of 2018.
  • Founder Glenn Sanford won a 2018 Inman Innovator Award for Most Innovative Broker Owner.

Use of Non-GAAP Financial Measures

To provide investors with additional information regarding our financial results, this press release includes references to Adjusted EBITDA, a non-GAAP financial measure. We view Adjusted EBITDA as an operating performance measure and, as such, we believe that the GAAP financial measure most directly comparable to it is net income (loss). We define Adjusted EBITDA as net income excluding interest, income taxes, depreciation, amortization, and stock based compensation. We believe that Adjusted EBITDA provides us an important measure of operating performance and enhances comparability while providing investors with useful insight into the underlying trends of the business. Our use of Adjusted EBITDA has limitations as an analytical tool, and this measure should not be considered in isolation or as a substitute for an analysis of our results as reported under GAAP, as the excluded items may have significant effects on our operating results and financial condition. Additionally, our measure of Adjusted EBITDA may differ from other companies’ measure of Adjusted EBITDA. When evaluating our performance, Adjusted EBITDA should be considered with other financial performance measures, including various cash flow metrics, net income and other GAAP results. In the future, we may disclose different non-GAAP financial measures in order to help our investors and others more meaningfully evaluate and compare our future results of operations to our previously reported results of operations.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the company’s expansion, revenue growth, operating results, financial performance and net income changes. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K.

About eXp World Holdings

eXp World Holdings, Inc. (NASDAQ: EXPI) is the holding company for eXp Realty, LLC, the largest residential real estate brokerage by geography in North America. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with more than 14,000 agents in 50 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Reported Consolidated Results
Visit: http://expworldholdings.com/2018/11/13/exp-world-holdings-reports-record-third-quarter-2018-results/

Posted in eXp Realty
Oct. 23, 2018

eXp Realty Now Open in All 50 U.S. States

West Virginia is 50th State, Lorre Wilson Joins as Broker

NEW ORLEANS — Oct. 23, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings (NASDAQ: EXPI), today announced at its annual EXPCON conference that the company now covers the entire United States with its expansion into West Virginia. eXp Realty is the first real estate brokerage to operate as one brokerage with company-owned (non-franchised) offices in all 50 U.S. states.

eXp Realty now operates as one brokerage in all 50 U.S. states, the District of Columbia and three Canadian provinces, and has seen agent count more than double to since the beginning of the year.

“When our Founder Glenn Sanford started this journey nine years ago, he thought about this milestone of operating in every U.S. state, but none of us ever imagined the pride and feeling for what we’ve accomplished and the huge opportunity we’ve brought to thousands of agents,” said eXp Realty Chief Operating Officer Mary Frances Coleman. “We’ve more than doubled our agent count since the beginning of the year, but, thanks to the technology that we have chosen and use, I am fortunate to have the opportunity to meet, work and connect with virtually any one of our agents on any given day.”

To support agents in our 50th state, Lorre Wilson has joined eXp Realty as the broker of West Virginia and will be responsible for the successful administration of the state’s brokerage operations. She has been in the real estate industry for more than eight years and has served the Huntington Board of REALTORSⓇ as board president and state convention chair, and local and state Realtor political action committee chair as well as on the board of directors on the local and state levels.

About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment.  As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America operating in 49 U.S. states, the District of Columbia and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company’s website at www.eXpRealty.com.

Connect with eXp Realty and eXp World Holdings:

Media Relations Contact:

Cynthia Nowak
Vice president of marketing and communications, eXp Realty
360.419.5285 ext. 116
cynthia.nowak@exprealty.com

Investor Relations Contact:

Greg Falesnik
Managing director, MZ Group – MZ North America
949.385.6449
greg.falesnik@mzgroup.us

Posted in eXp Realty
Oct. 7, 2018

Important Questions to ask BEFORE hiring a Realtor

Posted in Buying Process
Oct. 4, 2018

Rich & Karen Ayers receive ICON Agent Award

BELLINGHAM, WASH. — Oct. 4, 2018 — eXp Realty, the largest residential real estate brokerage by geography in North America and a subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), today announced 40 agents were honored as eXp Realty ICON agents for September 2018.

The eXp Realty ICON Agent Award recognizes agents who achieve certain production goals and represent a good cultural fit for the brokerage. At eXp Realty, our core values shape our culture, so we look at a number of factors such as how ICON agents make positive change in our company and local community.

eXp Realty ICON agents for September are as follows:

  • Rich and Karen Ayers, Florida and Illinois
  • Kinan Beck, Texas
  • James Brooks, Nevada
  • Sabre Cofer, Texas
  • Aubie Cook, North Carolina>
  • Judith de la Cruz, North Carolina
  • Mitzi De La Cruz, California
  • Keith Duble, Texas
  • Michele Frederick, Pennsylvania
  • Maic and Renee Friedrich, California
  • Carl Gentile, Florida
  • Carlos German, Florida
  • Trent Gladstone, Maryland
  • Ali Haghgoo, Maryland and Pennsylvania
  • Steven Hansen, Florida
  • Harriet and Mike Hinson, Georgia
  • James Hynes and Debbie Renna-Hynes, New York
  • Curtis Johnson, Arizona
  • Chuck Keller/ Doug Rago, California
  • Linda Laitinen-Ulmer, Wisconsin
  • Andrew Madden, South Carolina
  • Jonathan Mann, California
  • Marti Neff, Ohio
  • Kristi Neidhardt, Maryland
  • Mark Peebles, Ohio
  • Jason and Jennifer Phipps, Washington
  • David Pippin, Georgia
  • Randy Prothero, Hawaii
  • Mary Rodriguez, Texas
  • Heidi Rose, Oklahoma
  • Wendi Sheets, Ohio
  • LuAnn Shikasho, California
  • Tera Simon, Louisiana
  • Rick Southwick, Utah
  • Bryan and Colleen Souza, California
  • Chris Thompson, Indiana
  • Maria Thorn, Louisiana
  • Jamie Walzer, Georgia
  • James and Jennifer Wehner, Arizona
  • Sarah Williams, Texas

The eXp Realty ICON Agent Award provides each qualified ICON with up to $16,000 in publicly traded eXp World Holdings, Inc. common stock upon the achievement of certain production goals within an agent’s anniversary year. The company’s cap is presently set at $16,000. Through the program, ICONs effectively can earn up to their entire cap amount back in the form of stock. ICON agent qualification details are available on the ICON Agent Award page.

View Original Press Release

 

Posted in eXp Realty
Oct. 3, 2018

Step 29 To Selling Your Home: Review Us!

Last step!  Please consider leaving a glowing 5 Star Review for us on Zillow!  We don’t advertise our services and rely completely on referrals so let us know how we did and consider recommending The Ayers Team to your family, friends and neighbors. We would really appreciate it!  Thank you again from the bottom of our hearts for reviewing us and we hope you’re enjoying your new home.

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Posted in Selling Process
Oct. 3, 2018

Step 28 To Selling Your Home: Closing Day!

Closing Day is almost here!  Whoo hoo!!

Your attorney will attend the closing on your behalf and make sure everything goes smoothly.  Afterwards, your attorney will email us both a copy of the Master Statement/Closing Statement showing the exact breakdown of the closing cost charges.  The attorney will arrange for the balance of your loan to be paid off with the proceeds from closing.  If you are receiving additional money back from closing once your loan has been paid off in full, the title company will either wire transfer those funds to you or you can stop by the attorney's office to pick up your closing check.  And that’s it! Congratulations on a successful sale.  Thank you for trusting us to sell your home!

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Posted in Selling Process
Oct. 3, 2018

Step 27 To Selling Your Home: The Final Walk Through

Couple admiring a new house.The final walk through usually occurs the night before closing or the morning of closing and is a chance for the buyer and the buyer’s Realtor to walk through the property and make sure it’s in the same condition as it was during the inspection.  Generally the walk through takes about 15 minutes and we can attend in case any problems come up. It’s best if you are completely moved out and the home has been thoroughly cleaned by the time the walk through occurs.

 

 

Here’s what the final walk through is:

  • A second chance for the buyer to make sure all of the appliances are still working
  • An opportunity to make sure you didn’t damage anything while moving out 
  • A time to make sure the property is clean
  • When we explain to the buyer what day the trash is picked up, where the parking is, etc.
  • We will do the same thing for the house that you purchase next.

    We want to make sure you see both sides of the coin.  If we walk into the house you are buying and there is damage to the drywall the washer is missing, there are garbage bags multiple rooms and one cabinet still has dishes in it....Guess what? All that is yours at closing legally and there isn't much we can do  about it.  We want to ensure you are buying a house in the same condition as when you made the offer and that all the items that are to be left per the contract are in the home.

Here is what the final walk through IS NOT:

  • It’s not a time to have the buyer’s parents, friends, etc. come look at the property or for contractors give them estimates, etc.  All of that can wait until the next day once they’ve officially bought the property.  
  • It’s not a time for the buyer to begin moving boxes or other items in to the property. That has to wait until after closing.
  • It’s not when the buyer receives the keys.  Instead, at the end of the walk through we will give the buyer’s Realtor the keys and garage door opener and the buyer’s Realtor will give those items to the buyer at the end of closing.

Please let us know if you have any questions regarding the final walk through.  We’re almost there!

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Posted in Selling Process
Oct. 3, 2018

Step 26 To Selling Your Home: Mortgage Approval and Clear to Close

A few days before the closing date, the buyer should get the "Clear to Close" from his or her mortgage lender.  This means the buyer’s mortgage has been approved and the attorneys can schedule the closing date.

Once a closing date, time and location have been scheduled by the attorneys, the buyer’s Realtor will schedule the final walk through of the property.  This usually takes place the day before closing and is a chance to make sure the property is still in the same condition it was  during the inspection and that we have fixed any agreed upon repairs.  In addition, in Illinois, all attached items such as shelving, light fixtures, curtain rods, etc. are required to stay and transfer with the property so the buyer checks that those items are still there as well.  Once the closing has been scheduled, you should reach out to your attorney and arrange a time to pre-sign the documents.

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Posted in Selling Process