Overview
- eXp World Holdings acquired national real estate franchise NextHome, adding a franchise path alongside its cloud-based brokerage model.
- Shares of the company will trade on the Nasdaq under the ticker AGNT, with the CUSIP unchanged and no action required from current shareholders.
- NextHome brings more than 500 U.S. franchisees into eXp’s ecosystem, and its leadership will continue running the franchise brand within the parent company.
- eXp says the combined setup expands referral reach and recruiting power for agents and teams by letting them pick the structure that fits their business.
- The deal tracks a broader shift as cloud brokerages buy into franchising through acquisitions, positioning eXp to compete with peers exploring similar models.