Hello dear readers and welcome back to our real estate blog! Today, we are going to dive into a discussion about eXp Realty, their Revenos referral program, and nuance this conversation with a focus on the Southern California market. This discussion can lend us some insight into the future of real estate, especially the burgeoning trend of virtual brokerages.
EXp Realty, distinct for its operation as a virtual brokerage, has made waves in the real estate industry with its Revenos referral program which is on track to hit an incredible $2 billion in sales volume by the end of 2024. Launched in 2021, the program already closed the year with $248 million in sales volume and has been making leaps and bounds since.
In this dynamic landscape where technology drives constant change, virtual brokerages like eXp Realty are becoming game-changers. More individuals are finding themselves comfortable transacting online and that comfort extends to making one of the biggest decisions of their lives – buying a home. For those of you in Southern California, you might have noticed this paradigm shift already, marking a paradigm shift towards the future of real estate.
Cindy Nixon, eXp’s Senior Global Director for Revenos’ Relocation and Affinity program recently highlighted that Revenos has “over $400 million in volume this year and we have not yet hit the sweet spot of sales during the months of June, July, August, and September”. It’s not just the metrics speaking volumes here, the agents themselves absolutely love the program too. They’re finding eXp Realty’s unique model beneficial, even during testing times in the market.
Mike Scanlon, a Chicago-based eXp agent, shed some light on how the Revenos program assisted his team through the real estate market downturn. “Revenos has single-handedly gotten our team through the recent market downturn when the rates went up. Revenos secured several institutional sellers and trusted us to sell their portfolios,” he shared.
Further proof of Revenos’ success can be seen in the fact that it operates globally across all of eXp’s 24 markets with 17,000 certified agents participating in the program. Holding the certification ensures that all agents meet high standards of service and expertise.
Besides, Revenos’ corporate relocation services are generating most of their volume. In fact, it’s so effective, Dan Beer, a top producer with eXp Realty in California, described the process as simple and a “huge win for us all”.
In closing, it’s clear that eXp Realty, through their Revenos program, is setting a strong trend towards virtual brokerages. It appears that the future of real estate involves leveraging innovative, technology-driven platforms that offer flexibility and enhanced opportunities for agents and clients alike. Especially for those of us here in Southern California, this could be the wave of the future we have all been waiting for. Stay tuned to this blog for more insider information from the ever-evolving world of real estate!
Original Article: https://lifeexpdev.wpengine.com/exp-realty-revenos-referral-doubled-sales-volume/
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