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Boston real estate news: exp real estate revenues and profits keep rising
eXp World Holdings announced that its brokerage’s revenue had reached another all-time high of $1.1 billion.
Such gains were largely driven by agent growth, which increased 82 percent to 65,269 from the third quarter of 2020. Closed residential transactions increased 72 percent to 130,029 and transaction volume nearly doubled, rising 97 percent to $46.6 billion.
Real Estate and the Bottom Line
Net income for eXp increased 60 percent to $23.8 million, and gross profit increased 70 percent to $79.5 million. The adjusted EBITDA increased 6 percent to $23.1 million.
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