eXp Commercial agents and brokers to gain access to cutting-edge technology stack and unique data insights
eXp World Holdings, Inc. (Nasdaq: EXPI), one of the world’s fastest-growing residential and commercial real estate companies, today announced a partnership between eXp Commercial and Reonomy that will enhance property intelligence and technology stack offerings for eXp Commercial agents. Reonomy provides actionable commercial real estate (CRE) insights, using artificial intelligence and machine learning to fuel business decisions.
The partnership between eXp Commercial and Reonomy empowers eXp Commercial agents with robust and accurate CRE insights that guide prospecting strategies. Access to Reonomy’s web application will be included in eXp Commercial’s base membership fee, providing advanced technology for commercial agents and brokers.
“We are thrilled to partner with Reonomy to empower our commercial agents with unparalleled data and insights,” said James Huang, President, eXp Commercial. “At eXp, we’re committed to providing our agents with the best resources available to lead and succeed in the real estate industry. Reonomy’s data and insights will help drive smarter, more efficient business decisions for commercial agents and ultimately help them be even more successful.”
Through the company’s unique financial model, eXp Commercial offers commercial real estate agents compelling incentives, such as one of the most competitive commission packages in the real estate industry and opportunities to earn stock awards. eXp Commercial agents and eXp Realty agents can collaborate for referrals, leverage proprietary marketing resources and scale their business using eXp’s technology platform. Currently, agents can sign up to sell commercial properties with eXp Commercial in 44 U.S. states.
“Our partnership with Reonomy highlights our shared values around innovation and allows us to provide commercial real estate brokers with the most up-to-date and accurate data available in one place,” said Stephanie Gilezan, Director, eXp Commercial brokerage operations. “We’re also pleased to offer our agents Reonomy’s propensity model, ‘Likely to Sell,’ which informs agents of likely listings, enabling agents to get ahead and target business. We’re excited to help our agents increase efficiency and unlock valuable data through this partnership.”
“Reonomy is excited to partner with eXp Commercial, whose compelling value proposition and revenue-sharing model means it is poised for rapid growth,” said Bill Okun, CEO at Reonomy. “We pride ourselves in bringing innovation to the commercial real estate industry, and eXp Commercial is a natural partner with its cloud-based, technology-driven platform.”
eXp Commercial is offering a free commercial real estate training and certification program for all licensed agents — whether they are with eXp or not. The training program, “An Introduction to Commercial Real Estate,” will take place April 26-30 on the company’s virtual campus, eXp World. It will be facilitated by Michael Simpson of the National Commercial Real Estate Association (NCREA).