eXp Realty Opens Operations in Germany
eXp World Holdings said eXp Realty expanded into Germany under the eXp Germany banner. The company said it then operated in 18 countries and territories with more than 62,000 agents. Michael Valdes, president of eXp Global, said Germany is a large European real estate market and a next step after the company already had a presence in six European markets.
Ilka Vietz was named managing director for eXp Germany. She has nearly 20 years in the German market, has led regional real estate departments for banks, and has worked as an agent. She said brokers would be able to build businesses on the company technology platform.
Germany was the second of three markets planned for the third quarter of 2021. Panama opened in July, and Japan was still slated for later in the year. The company said nine new markets had opened in 2021 so far, after five in 2020. Agents can earn stock for listing and selling activity and work through the virtual campus rather than a physical brokerage office.
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