eXp World Holdings, the holding company for eXp Realty, has expanded into Brazil under the banner of eXp Brazil.
The company already has a presence in nine countries, including Australia, Canada, France, India, Mexico, Portugal, Puerto Rico, South Africa and the UK, with worldwide expansion being led by Michael Valdes, eXp Global President. Ernani Assis will serve as Managing Director and Broker for eXp Brazil.
“Our expansion into Brazil marks a milestone moment in the growth of eXp, as eXp’s global footprint now extends to six continents” said Valdes. “Brazil boasts the eighth largest economy in the world by purchasing power, with 213 million people and a thriving real estate market that lends well to the eXp model. We are well positioned to scale eXp Brazil during the country’s economic resurgence.”
eXp Brazil will encompass all major cities and regions, but will initially focus on Sao Paulo, Rio de Janeiro and Minas Gerais.
“eXp Brazil arrives in a moment of recovery for the real estate market in the country, with favorable forecasts and programmed growth,” says Assis. “At eXp, we invest in our agents’ success. We believe that empowering agents with world-class training, remote flexibility and back-office support creates a superior experience for our consumers. We are excited to introduce a new way of working in real estate and an innovative form of remuneration to position agents serving the Brazilian market to achieve high levels of success.”
The company also launched in Puerto Rico in January and plans to launch in Italy and Hong Kong in the first quarter of 2021.