eXp Realty expands into Turkey, completing its second global expansion in just four weeks

Turkey is the 26th country to join eXp Realty's rapidly growing international network, offering agents greater freedom, earning potential, and global reach

BELLINGHAM, Washington, April 18, 2025 (GLOBE NEWSWIRE) -- eXp Realty®, the world's largest independent real estate brokerage and a core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced its official entry into

Turkey. This marks the company's 26th international market and second global expansion in less than a month, following the successful launch of eXp Realty Peru in March. This rapid growth underscores eXp's commitment to redefining the real estate industry through a scalable, agent-centric model that meets the evolving needs of professionals worldwide.

"With every new country we launch in, we prove that brokers everywhere are ready for a better model—one that puts them first," said Glenn Sanford, Founder, Chairman, and CEO of eXp World Holdings. "Our entry into Turkey, just weeks after launching in Peru, reflects our momentum and our mission: to provide the world's most agent-centric brokerage service. We're expanding rapidly—not just for growth, but because brokers worldwide are looking for a better way to grow their businesses."

Turkey's strategic location between Europe and Asia, combined with its rapidly growing real estate sector and entrepreneurial broker base, is a natural fit with eXp's cloud-based, borderless business model, offering brokers greater flexibility, financial opportunities, and global connections.

At the helm of eXp Türkiye is Yigit Portakal, a dynamic leader with deep market insight and one of the most influential voices in Turkey's real estate sector. Known for his passion, community commitment, and agent-centric mindset, Mr. Portakal is bringing eXp's global platform to a nationwide audience ready for change.

“This is a proud moment – ​​not only for me, but for all brokers in Turkey who have been waiting for a better solution,” commented Yigit Portakal, Country Leader of eXp Türkiye.

"eXp was designed for brokers who want more—more freedom, more support, more opportunities. We offer a model that empowers brokers to grow, earn, and shape their own careers. Turkey is ready, and so is eXp."

What makes eXp Realty special for Turkish real estate agents?
eXp Realty offers real estate agents in Turkey access to a platform that eliminates traditional barriers and gives them control over their business. Benefits include:

• A cloud-based business model that requires no physical offices or franchise fees
• Attractive commission structure to maximize brokerage income in the local market
• Income sharing and equity participation opportunities (subject to local availability and regulatory compliance) that enable brokers to build long-term wealth
• Global brokerage and cooperation network with almost 83,000 brokers in 26 countries
• Access to live training, mentorship, and community through eXp's virtual platforms and global leadership
  

Real estate agents in Turkey who are ready to build their careers with a smarter, more scalable model can learn more by visiting exprealty.com.tr .

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) (the "Company") is the holding company of eXp Realty® and SUCCESS® Enterprises. eXp Realty is the world's largest independent real estate brokerage, with nearly 83,000 agents in 26 international locations. As a cloud-based, agent-centric brokerage platform, eXp Realty offers real estate agents industry-leading commission splits, revenue sharing, equity opportunities, and a global network that helps agents build thriving businesses. For more information about eXp World Holdings, Inc., please visit: expworldholdings.com .

SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it provides agents with access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. Learn more about SUCCESS at success.com .

Important note regarding forward-looking statements

This press release contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements reflect the current expectations of the Company and its management, but involve known and unknown risks and uncertainties that could materially affect actual results. These statements include, but are not limited to, statements regarding international expansion, the success of individual representatives, and the availability of equity compensation plans. Important factors that could cause actual results to differ materially and adversely from those expressed in forward-looking statements include fluctuations in the real estate market, changes in employee retention or recruitment, the Company's ability to successfully expand into international markets, competitive pressures, regulatory changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including, but not limited to, its most recently filed Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. We assume no obligation to update these statements except as required by law.