eXp Realty
February 8, 2022
eXp Realty, the core subsidiary of eXp World Holdings, said it opened brokerage operations in the Dominican Republic. The company said it then operated in 19 countries with more than 73,000 agents worldwide. Marbel Lugo was named to lead the Dominican Republic business.
Michael Valdes, president of eXp Global, said the opening followed interest from agents in the country and fit the Caribbean and Latin America expansion path. Lugo has more than 20 years in real estate investment, consulting, and development and has served on the Association of Real Estate Agents board in the Dominican Republic.
The Dominican Republic was the first of three markets eXp had identified for first-quarter 2022 expansion, with Greece and New Zealand planned later in the quarter.