Exp World Holdings Inc's Business Segments

The Company operates a diversified portfolio of service-oriented businesses connected through a technology platform designed to enhance collaboration and operational efficiency. Its primary focus is on expanding real estate brokerage operations by providing agents with competitive economics, ownership opportunities, and access to tools for professional development. The Company invests in technology, education, and affiliated services to create a scalable platform for real estate professionals. In 2025, it launched specialized divisions including the Land and Ranch Division and the Sports and Entertainment Division to support agents in niche markets. It also introduced initiatives such as the Co-Sponsor Program, the CRM of Choice initiative, and LYVVE™, a global property search platform. The business operates through three segments: North American Realty, International Realty, and Other Affiliated Services. North American Realty encompasses residential and commercial brokerage as well as FrameVR.io, a 3D immersive platform. International Realty manages brokerage operations in 27 countries. Other Affiliated Services includes SUCCESS® magazine and related media. The Company’s cloud-based brokerage model aims to reduce costs while offering stock ownership and revenue-sharing opportunities to agents. It competes based on service, culture, collaboration, and technology, and is positioned as a global cloud-based real estate brokerage with significant scale. The Company continues to invest in proprietary technology to improve transaction efficiency and support growth.

The Company operates through three reportable segments: North American Realty, International Realty, and Other Affiliated Services. North American Realty encompasses residential and commercial brokerage, lead generation, and related support services in the U.S. and Canada. Beginning in the first quarter of 2025, it will also include FrameVR.io, a proprietary 3D immersive technology platform for agent collaboration, training, and community engagement. International Realty comprises brokerage operations and support services across 27 countries in the Americas, Europe, the Middle East, Asia-Pacific, and South Africa. Both North American Realty and International Realty primarily generate revenue from commissions on residential real estate transactions using a cloud-based brokerage model. Other Affiliated Services includes SUCCESS® magazine and related media properties that provide training and professional development resources; prior to the first quarter of 2025, it also included FrameVR.io. The Virbela business was wound down in 2024, with its operations classified as discontinued. North American Realty and International Realty function as licensed brokers, processing residential and commercial real estate transactions, paying commissions to agents and brokers, and offering a cloud-based brokerage model featuring low entry fees, stock ownership opportunities, and a revenue-sharing plan. Other Affiliated Services supports agents, brokers, staff, and customers with training and professional development tools. In 2025, North American Realty accounted for 96.9% of total consolidated revenues, International Realty for 3.1%, and Other Affiliated Services includes SUCCESS® media properties supporting affiliated services and professional development.