The latest on eXp

“Anytime we limit access, it limits opportunities,” an eXp exec said during a livestream highlighting ethical issues with the push into private inventory.

The company suffered losses due to its payout in the commissions settlement, but touted agent productivity, international growth and positive revenue.

eXp showed growth in revenue and transactions as execs pitched the company’s value prop ahead of August 17 rules changes mandated by the NAR settlement.

During an earnings call, Glenn Sanford said he wants to help agents “in the middle,” while noting that revenue was up and touching on the commissions lawsuits.

The company said its "decision to offboard a significant number of unproductive agents" in Q4 was offset by "excellent" retention of strong producers.

CEO Glenn Sanford acknowledged the challenging market, but said eXp has increased market share and added agents even as revenue remains flat.

The company reported a net income of $9.4 million, slightly below expectations, while its agent count grew by 7%.

The cloud-based brokerage reported declines in revenue and transactions, but ended the quarter in the black and boosted agent count.

The Washington-based real estate giant missed revenue estimates in Q4 but increased agent count to more than 86,000.