BELLINGHAM, Wash., June 02, 2023 (GLOBE NEWSWIRE) -- eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced a strategic title and brokerage joint venture with Vesta Settlements, LLC, to bring local title expertise and personalized service to its agents in Virginia.

The venture is designed to provide eXp Realty agents in Virginia with a local title partner that would streamline the home buying and selling process and offer a superior level of service. It is the first of its kind for the brokerage, which plans to launch additional title service ventures across the United States this year. Glenn Sanford, founder and CEO of eXp Realty, and Leo Pareja, Chief Strategy Officer, will discuss the venture, as well as the current economy and how to thrive in any market, during a one-day summit in Tysons Corner, Virginia, on June 21.

“Virginia is a dynamic and highly desirable real estate market and we are thrilled to launch this first venture there,” said Pareja. “Joint ventures like this offer tremendous value for the real estate community by providing a transparent and seamless closing experience for both agents and consumers. We will continue to launch additional title service ventures across the United States throughout this year.”

Vesta Settlements, LLC, which was founded in 2011, is a leading real estate title and settlement service provider licensed in Virginia, Maryland, Washington, D.C., and West Virginia.

“We have a reputation for providing unparalleled service experience and local expertise,” said Keith Barrett, founder and president of Vesta Settlements. “Vesta shares eXp Realty’s agent-centric focus. By leveraging extensive industry knowledge and best-in-class technology, we will ensure eXp Realty agents and their clients receive personalized attention, efficient communication and a smooth closing experience.”

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty^®, Virbela and SUCCESS^® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 88,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS^® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:
Jennifer Zimmerman
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:
Denise Garcia, Managing Partner
Hayflower Partners
investors@expworldholdings.com

Vesta Settlements, LLC Contact:
Melissa Fones
VP of Business Development/Owner
Mfones@vestasettlements.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5e9a1432-dd04-4f46-9879-87551e9cd4b0