Sponsorship Builds on Existing Commitment to LGBTQ+ Community, Fair Housing, Diversity, Equity and Inclusion
BELLINGHAM, Wash. — April 25, 2022 — eXp Realty®, the fastest-growing global residential real estate company and a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its commitment as a Champion Level Sponsor of the LGBTQ+ Real Estate Alliance, one of the nation’s leading LGBTQ+ trade organizations with more than 2,200 members.
Founded in June 2020, the Alliance is dedicated to empowering the LGBTQ+ community on the path to homeownership and advocating for fair housing. Only 49.8% of LGBTQ+ people own homes, according to an April 2020 report from UCLA’s Williams Institute, while 29 U.S. states do not have laws that protect the LGBTQ+ community from discrimination, according to the Human Rights Campaign’s 2021 State Equality Index.
As a Champion Level Sponsor, eXp Realty will contribute to Alliance programming, events and education that improve homeownership rates. These efforts will build on eXp Realty’s existing commitment to the LGBTQ+ community, fair housing, diversity, equity and inclusion.
“We are honored to work with the LGBTQ+ Real Estate Alliance to improve the real estate industry and address instances of discrimination,” said Michael Valdes, President of eXp Global. “The Alliance complements our existing efforts at eXp Realty to support diversity, equity and inclusion, which have contributed to eXp Realty’s agent retention rate, engagement and positive NPS scores (Net Promoter Scores).”
Through ONE eXp, eXp Realty’s diversity, equity, belonging and inclusion initiative, a group of more than 5,280 eXp Realty agents and staff are working to build eXp Realty into the most diverse and inclusive real estate brokerage in the world. ONE eXp also oversees 12 affinity groups, including the eXp PRIDE Network, which provides support to more than 1,000 members and hosts an annual Pride Month celebration in eXp World, the company’s metaverse powered by Virbela, an eXp World Holdings subsidiary.
“The LGBTQ+ community is a vital and growing demographic that eXp Realty is proud to serve and we are constantly seeking better ways to do so for our agents and their clients, as well as our employees,” said Cody Gilkeson, Diversity, Equity & Inclusion Business Partner at eXp Realty.
Additionally, eXp Realty agents Ronnie DeVoe and Marvetta Bozeman have joined the National Fair Housing Alliance on a national tour to promote the “Keys Unlock Dreams” initiative, designed to remove structural barriers that perpetuate racial inequality, expand affordable and fair housing options, prevent an unbalanced recovery from the COVID-19 pandemic, empower consumers and stakeholders with critical information and resources, and help close the racial wealth and homeownership gaps.
About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela and SUCCESS® Enterprises.
eXp Realty is the fastest-growing real estate company in the world with more than 80,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, the Dominican Republic and Greece and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS Enterprises, anchored by SUCCESS magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.
For more information, visit https://expworldholdings.com.
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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 continued growth of our agent and broker base; expansion of our residential real estate brokerage business into foreign markets; demand for remote working and distance learning solutions and virtual events; development of our commercial brokerage and our ability to attract commercial real estate brokers; and revenue growth and financial performance. 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 Quarterly Report on Form 10-Q and Annual Report on Form 10-K.
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