AGNT, Inc.

eXp Realty operates as a cloud-based real estate brokerage platform serving residential and commercial real estate agents across the United States and multiple international markets. The company functions as a subsidiary of eXp World Holdings, Inc., which is publicly traded on NASDAQ under the ticker symbol EXPI. More information about the company can be found at www.exprealty.com.

The core business model centers on providing independent contractor real estate agents with cloud-based technology infrastructure, training, marketing support, and administrative services to facilitate real estate transactions. Rather than operating traditional brick-and-mortar offices, eXp Realty leverages virtual office technology to reduce overhead costs while maintaining broker oversight and compliance capabilities. Agents affiliated with eXp conduct residential and commercial real estate transactions through the company's platform, utilizing transaction management systems and eXp-provided or approved forms and documentation.

eXp Realty generates revenue primarily through agent fees, transaction-related charges, and a revenue share plan that incentivizes agent recruitment and retention. The revenue share program allows agents to earn passive income based on the productivity of agents they sponsor into the organization, creating a multi-level compensation structure. The company also derives revenue from ancillary services including property preservation, mortgage loan origination through affiliated entities, and title and escrow services.

The company maintains strict compliance frameworks aligned with National Association of REALTORS standards and state-specific real estate licensing regulations. Agents must maintain active real estate licenses, comply with fiduciary duties, and adhere to comprehensive policies governing client representation, transaction documentation, marketing practices, and ethical conduct. eXp Realty operates under a designated managing broker structure with state-specific brokers overseeing compliance and agent supervision across different jurisdictions.

The platform serves agents seeking reduced overhead costs and virtual office flexibility compared to traditional brokerage models. eXp Realty's competitive positioning emphasizes technology infrastructure, revenue sharing opportunities, and a cloud-based agent community supporting collaborative business development and professional development.