CanZell Realty Joins Forces With eXp Realty, Ushering in New Era of Growth and Impact

Chantel Ray Transitions Her Multimillion-Dollar Brokerage to eXp Realty, Expanding a Vision of Giving and Entrepreneurship

BELLINGHAM, Wash., Sept. 26, 2024 (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), proudly announces that Chantel Ray and her brokerage, CanZell Realty, have joined eXp Realty. CanZell Realty, a multimillion-dollar independent brokerage, operates across 20 states and is renowned for its client-first approach and commitment to giving back.

Ray, a visionary entrepreneur, author and real estate leader, founded CanZell Realty with a mission to do real estate differently – by focusing on innovation, growth and philanthropy. After years of successfully expanding CanZell Realty, Ray has now transitioned her team to eXp Realty to leverage the brokerage’s advanced technology, extensive agent network and industry-leading revenue-sharing model.

“For me, this move was about being able to do more for my agents and clients,” said Ray. “By joining eXp Realty, we’re going to be able to launch farther, faster, without the financial strain of building from scratch. I’ve always believed in doing real estate differently, and now with eXp Realty, we have the platform to take that vision to the next level.”

Her decision was also influenced by her long standing friendship with eXp Realty CEO Leo Pareja, with whom she has shared a deep professional bond since the 2008 housing crisis. Their shared values and trust were key in making the transition seamless.

“Chantel Ray has been a powerhouse in the real estate world for many years, and I’ve had the privilege of knowing her both professionally and personally,” said Pareja. “Her focus on giving back and her commitment to making a meaningful impact in the communities she serves align perfectly with the values we uphold at eXp Realty.”

A key element of Ray’s business philosophy—her deep faith and unwavering commitment to giving—will continue to thrive under eXp Realty. CanZell Realty has long pledged 10% of the company dollar profit from each home sale to a charity chosen by the client, supporting causes such as homelessness relief, foster care, and clean water initiatives. With eXp’s global presence, Ray plans to expand these charitable efforts on a larger scale.

“We’re passionate about making a difference in the communities we serve,” Ray said. “Now, with eXp’s global reach, we have the potential to impact lives worldwide.”

About eXp World Holdings, Inc.

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

eXp Realty is the largest independent real estate company in the world with more than 87,000 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 FrameVR.io technology, 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.

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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. These statements include, but are not limited to, statements about future financial performance and growth. 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 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:
eXp World Holdings, Inc.
mediarelations@expworldholdings.com

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3b043e6c-3286-49a4-9da6-1587e62285c2