When buying or selling a home, the most important decision you will make is which real estate agent to use. Real estate agents are licensed by the state and are required to have their licenses held by a brokerage. Agents are independent contractors trained to manage real estate transactions. They provide market knowledge, negotiate on your behalf, coordinate the transaction, and write the contracts, saving you time and money.
A broker is licensed by the state to manage a real estate business, called a brokerage. A brokerage supports agents by providing resources, such as educational training, marketing networks with other agents, technology, and support services. A strong brokerage allows agents to do their jobs effectively and efficiently.
As the housing market has slowed, many brokerages have had to cut personnel and services to cover overhead costs. To provide our agents with the best support and technology, the Reishman Group has decided to switch to a brokerage that was designed to function in this changing economy – eXp Realty.
Unlike many other brokerages, eXp Realty follows an all-online brokerage model. This provides a lean operating model, with little risk and liability, and a strong tech platform. The company was founded in 2009 by Glenn Sanford, formerly with Keller Williams, in response to the housing market downturn. It is the fastest-growing brokerage in the world. At the end of 2022, over 85,000 agents nationally are part of the eXp team. eXp Realty is part of the publicly traded company eXp World Holdings (EXPI) on the Nasdaq stock exchange and is audited by the SEC.
This change will have little effect on our clients. The Reishman Group will continue to offer top notch service to our clients, now just on a new platform. We look forward to helping you achieve your real estate goals in 2023 and beyond!