eXp World Holdings (NASDAQ: AGNT) is a real estate brokerage company that operates a cloud-based, agent-centric brokerage platform. Revenue comes primarily from commissions earned on residential real estate transactions, with agents sharing a portion of transaction proceeds with the company. The company differentiates its brokerage model through an ownership-opportunity structure and technology-enabled tools aimed at attracting and retaining independent agents. Its strategic focus, as described in the FY2025 10-K filed February 24, 2026, is expanding real estate brokerage operations by offering agents favorable economics, equity participation, and access to affiliated services. The company also introduced specialized agent divisions during FY2025, including a Land and Ranch Division launched in Q2 FY2025 and a Sports and Entertainment Division launched in Q4 FY2025, targeting agents serving niche property markets. The filing describes a scalable platform model built around agent recruitment, retention, and professional development across an evolving real estate marketplace.

Revenue model

Commission-based revenue from real estate transactions, with agents remitting a portion of transaction commissions to the company. The company also offers affiliated services to agents and ownership participation programs as part of its value proposition.

Products and services

Cloud-based real estate brokerage platform; agent tools and technology; education and professional development services; affiliated services for agents; specialized divisions including Land and Ranch Division (launched Q2 FY2025) and Sports and Entertainment Division (launched Q4 FY2025).

Customers and end markets

Independent real estate agents are the primary customers of the platform. End markets include residential real estate transactions, rural and agricultural properties (via Land and Ranch Division), and sports and entertainment sector real estate clients.

Value-chain role

Real estate brokerage intermediary and agent platform provider, sitting between independent agents and home buyers/sellers in the transaction value chain.

Geographic exposure

The filing references operations in multiple jurisdictions but specific country-level or regional revenue breakdowns are not supported by the provided excerpts.

Source: SEC 10-K, filed 2026-02-24

Industry: Real Estate Agents & Managers (For Others) Peers: CBRE Group Inc Compass Inc Anywhere Real Estate Inc. Jones Lang LaSalle Inc Marcus & Millichap Inc Newmark Group Inc Opendoor Technologies Inc Re/Max Holdings Inc Zillow Group Inc