eXp World Holdings

eXp World Holdings

Glenn Sanford founded the company that became eXp World Holdings, a publicly traded holding company listed on Nasdaq (EXPI). The firm operates as the parent of eXp Realty, a cloud-based real estate brokerage; Virbela, a virtual reality collaboration platform; and SUCCESS Enterprises, a media and education business tied to the SUCCESS magazine brand. The wealth origin is not publicly attributed to a single family — the firm is a public corporation with institutional and retail shareholders. eXp World Holdings derives revenue primarily from residential real estate commissions collected by eXp Realty agents. The business model avoids traditional office leases, relying instead on a cloud-based environment hosted on its own Virbela platform. The firm also invests in technology development, including AI tools for agents. Geographic footprint spans the US, Canada, the UK, Australia, South Africa, India, and several European markets. Confirmed portfolio companies include eXp Realty, Virbela, and SUCCESS Enterprises — each a wholly owned subsidiary. The firm reported Q1 2026 results on May 11, 2026, with a live earnings webcast hosted on its virtual campus (per the firm, May 2026). Glenn Sanford serves as Founder, Chairman, and CEO. The corporate structure does not disclose team size or total professionals; the firm's agent network is disclosed in SEC filings but not on the website. No additional offices beyond Bellingham HQ are listed. eXp World Holdings does not operate a separate philanthropic foundation as a disclosed entity. The key structural differentiator is its purely virtual operating model — eXp World Holdings runs a publicly traded real estate brokerage entirely on cloud and VR infrastructure, without physical branch offices. This contrasts with legacy brokerages that depend on real estate leases and local hubs. The model allows rapid geographic scaling and a variable cost base tied to agent productivity rather than fixed overhead.