Seattle, Washington – In a major leadership transition, eXp Realty, the leading real estate brokerage in the United States by transaction sides, has announced the appointment of Leo Pareja as its new Chief Executive Officer (CEO), effective immediately. Pareja succeeds Glenn Sanford, who will now fully dedicate his efforts to his position as Founder, Chairman, and CEO of eXp World Holdings, Inc., the parent company of eXp Realty.
“We’re the clear, dominant player now. We proved our theory, so it’s not a theory anymore. Our growth is proof of concept,” said Pareja in an exclusive interview with HousingWire, outlining his vision for the future of eXp Realty.
Pareja has over 20 years of real estate experience to his current post. Prior to joining eXp Realty in 2022, he co-founded one of the largest private loan companies on the East Coast and a rapidly rising MLS technology provider. He has also held leadership positions in the National Association of Hispanic Real Estate Professionals (NAHREP), first as the founding president of the Metro D.C. chapter and then as national president.
Pareja’s priorities as CEO include operational excellence, innovation, and agent growth. He believes that “obsession with operational excellence and a frictionless experience” are crucial for the company’s continued success.
“We’re doubling down,” said Pareja. “I think we’re just getting warmed up, and I’m excited to continue to build on the collaborative opportunity that we offer.”
Pareja plans to continue investing in innovation and enhancing the value proposition for agents. He believes that eXp Realty is “just getting started” and sees significant opportunities for growth in the future.
“We will continue to innovate to provide even more value,” said Pareja. “We will pour into helping agents and teams grow, whether they want to go from 200 to 500 deals, grow a mega team that’s in multiple markets or something else. We are a nationwide, scalable model without boundaries.”
The appointment of Pareja comes at a time of great success for eXp Realty. The company was recently recognized in the top spot in five categories on the coveted RealTrends Verified brokerage rankings report: Transaction Sides, 5 Year Top Movers (Sides), 5 Year Top Movers (Volume), Best Brokerages and Public Independent. The company also moved up to No. 3 in two categories: Volume and Billionaires’ Club.
The outgoing CEO, Glenn Sanford expressed confidence in Pareja’s ability to lead eXp Realty to even greater heights. “Leo’s innovative and recognized industry leadership has elevated our agent-value proposition by reshaping referrals and lead generation,” said Sanford. “I trust that under his direction, eXp Realty will further fortify its competitive advantage and deliver unparalleled value to our agents, further cementing our position as a ground-breaking leader in the real estate industry.”
As eXp Realty enters a new chapter under Pareja’s leadership, the company is well-positioned for continued growth and innovation. His focus on operational excellence, agent success, and technology will be instrumental in driving the company’s future success.
“As we step into this new chapter at eXp Realty, I am honored to lead a company that has always placed innovation and agent success at the forefront of its mission,” said Pareja. “Together, we will not only continue to redefine the real estate landscape through technology and unparalleled agent support but also empower every member of our community to achieve their full potential.”
eXp World Holdings, Inc. (Nasdaq: EXPI) serves as the parent company for eXp Realty®, Virbela®, and SUCCESS® Enterprises. With eXp Realty® being the largest independent real estate firm globally, boasting a network of over 85,000 agents across numerous countries, including the United States, Canada, the United Kingdom, and beyond, the company continues to expand its international footprint.
Operating as a publicly traded entity, eXp World Holdings offers real estate professionals a distinctive opportunity to earn equity awards based on their production achievements and contributions to the company’s overall growth. With a comprehensive suite of brokerage and real estate technology solutions, eXp World Holdings and its subsidiaries deliver innovative residential and commercial brokerage models, professional services, collaborative tools, and personal development resources.
Leveraging cloud-based brokerage powered by Virbela and Frame technologies, eXp Realty® provides immersive 3D platforms that foster deep social connections and collaboration, empowering agents to enhance their productivity and connectivity.
Additionally, SUCCESS® Enterprises, anchored by SUCCESS® magazine and associated media outlets, has been a prominent player in the personal and professional development arena since its establishment in 1897, offering valuable insights and resources for growth and success.
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By Proptechbuzz
By Ravi Kumar
