eXp Realty announced the launch of eXp UK Commercial, expanding the company’s real estate reach in Europe. eXp UK is already established in the market and is experiencing what the company described as “rapid growth.”
eXp UK Commercial will now service office, retail, industrial, land and mixed-use clients while offering commercial-specific training, marketing and operational support for its agents. eXp provides a 70% commission structure, which the company expects to stand out significantly in the UK’s traditional real estate landscape.
“The UK commercial property sector has grown substantially. It’s a $10 billion opportunity hiding in plain sight,” said Adam Day, eXp International Expansion Leader for Europe. “Traditional commercial models have kept too many agents from benefiting fully with the freedom, earnings potential and flexibility to serve clients across all markets, but we’re changing that. Plus, with the backing of our global community, agents can now maximize interest in UK commercial property on a global scale, not just a domestic one.”
Felix Bravo, Managing Director of International at eXp Realty, said that eXp is scaling with intention and will continue to launch more global opportunities. “After what we’ve built in the UK, it made perfect sense to start there as the launch pad for our international commercial division.”
Rob Jones will now serve as Head of eXp UK Commercial and brings decades of national and international real estate experience to the role.
“This launch changes what it means to be a commercial agent in the UK,” Jones said. “The business we’re building has to be seen to be believed. I’ve worked in commercial agency for nearly 10 years, and I’ve seen how little has changed for the people doing the work. Most agents are still building someone else’s business. This gives them a chance to finally build their own, with more control, better economics and the backing of a global brand.”
