eXp UK becomes first self-employed agency to recruit more than 500 agents

eXp UK has now recruited 506 agents to the platform less than a year after the firm reached 400 member agents and just a week after it announced the launch of its brokerage model.

The platform has grown from strength to strength since its launch in 2019 and posted its first profits in 2021, positioning itself as one of the leading supported, self-employed estate agency models in Britain.

UMBRELLA MODEL

The Neg revealed last week how boss Adam Day (main picture) wants to existing branch-based estate agencies to convert to the US-style self-employed ‘umbrella model’ that can absorb both technological and regulatory costs.

And this time last year The Neg told how eXp UK’s network referral programme – which allows agents to introduce potential sellers to each other on a national scale – had already generated over £100,000 worth of potential commission since it launch three months earlier.

Just a few months later in April, eXp UK surpassed its 400 member agent target and by May the firm had been named the 11th largest UK estate agency having seen the highest rate of growth in both new listings and homes sold subject to contract.

HUGE ACHIEVEMENT

Adam Day, International Expansion Leader of eXp UK, says: “To have grown from just a handful of member agents in 2019 to a nationwide network of over 500 today is a huge achievement and one that we’re incredibly proud of.

“It demonstrates that there isn’t just an appetite for the self-employed model, we now have our feet firmly under the table and are not only the largest self-employed agency, but one of the UK’s largest agencies full stop.”

Day adds: “The increase in earning potential, flexibility and quality of life, coupled with the support, technology, innovation and culture of eXp UK is a winning combination and one we look forward to building on this year and for many years to come.”