eXp World Holdings Names Jason Gesing as Executive Vice President, Business Development

BELLINGHAM, WASH. — Aug. 3, 2018 — eXp World Holdings, Inc., the holding company for eXp Realty, the largest residential real estate brokerage by geography in North America, today announced Jason Gesing has been named Executive Vice President, Business Development. Jason has been eXp Realty's Chief Executive Officer since May 2016 and will remain a member of the eXp World Holdings Board of Directors.

He has been a critical part of eXp Realty since joining the company in March 2010 and has served in a number of capacities, including managing broker of multiple states, General Counsel and President. In his new role, Jason will support the company's larger enterprise by evaluating and developing complementary ventures outside of the more traditional residential real estate vertical.

"During our more than eight years working together, Jason has demonstrated a unique ability to articulate the eXp Realty value proposition that will be invaluable as we look to leverage into other businesses which we believe will benefit all our stakeholders, whether as an agent, broker or shareholder," said eXp World Holdings CEO, Chairman and Founder Glenn Sanford. "We wouldn't be able to make this shift if it wasn't for the great team we have developed to run eXp Realty. They have enabled the company to grow by more than 200 percent in the last 12 months, which is faster than any time in the company's history both in agent count as well as percentage year-over-year growth. I will look to this strong team to help as Jason transitions to this important new role."

About eXp World Holdings

eXp World Holdings, Inc. (NASDAQ: EXPI) is the holding company for eXp Realty, LLC, the largest residential real estate brokerage by geography in North America. eXp Realty (exprealty.com) is changing the way that agents, brokers and consumers work together in an adaptive, sustainable environment. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest growing real estate brokerage firms in North America with 13,000 agents in 49 U.S. states, the District of Columbia, and three Canadian provinces. As a publicly traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit the company's website at www.eXpRealty.com.