Many real estate agents leave eXp Realty to pursue opportunities where they can build their personal brand. While eXp Realty offers numerous resources and tools for agents, some individuals seek greater control over their marketing and branding.

Leo Pareja, who has served as Chief Strategy Officer, has been elevated to CEO of eXp Realty.

What Does EXP Mean? The simple answer is that our founder, Glenn Sandford, loved that it was a prefix for many of the words that represent the culture and values here at eXp Realty. A few examples include: eXceptional, eXperts, eXcellence, eXpectations, eXposure, eXponential and many others.

In 2023, eXp generated $4.3 billion in revenue, down slightly from $4.6 billion in 2022. The company lost $9 million in 2023 which was the company's first reported loss since 2019. eXp achieved peak profitability in 2020 as it netted $81 million in profit that year.