Overview
- eXp World Holdings, which announced the purchase Thursday, began trading Friday under the Nasdaq ticker AGNT.
- NextHome will keep its brand and leadership, with James Dwiggins named president and Keith Robinson taking the strategy role.
- The company did not disclose a price and said it used existing cash to fund the deal.
- The combined platform gives agents a choice between eXp’s cloud brokerage and NextHome’s franchise model, with promises of larger referral networks.
- eXp reports about 83,000 agents, while NextHome has more than 500 franchises and roughly 5,500 agents in a market consolidating after Real Brokerage’s purchase of RE/MAX.