eXp World Holdings, Inc., the parent company of eXp Realty, announced it is expanding its operations into Germany. The company will operate under the eXp Germany banner.
This expansion accelerates the company’s footprint in the Europe, Middle East and Africa (EMEA) region.
“Our decision to enter the German market comes on the heels of unprecedented growth at eXp and reflects the momentum we are experiencing in the EMEA region and our ambitions for future growth,” said eXp Global President Michael Valdes, who is leading the company’s worldwide expansion. “Germany is the fourth-largest economy in the world and the most populated country in Western Europe, making it one of the largest players in the real estate market. With a thriving presence in six European markets already, Germany was a natural next step for eXp, as we continue to bring our life-changing business model to agents around the world.”
eXp Germany’s brokerage operations will be led by Ilka Vietz, Managing Director, eXp Germany, who has almost two decades of experience in the German market and is a certified neuro-linguistic programming (NLP) coach and trainer.
“With the launch of eXp Germany, real estate brokers and agents will now be given the opportunity to build their businesses and generate a sustainable long-term income,” Vietz says. “eXp technology enables global collaboration that will revolutionize the brokerage landscape in Germany.”
eXp Global launched in Panama in July and plans to open in Japan later this year. The company established operations in Puerto Rico, Italy, Brazil, Hong Kong, Colombia, Spain and Israel during the first two quarters of this year and now operates in 18 countries and territories with more than 62,000 agents.