eXp Realty lands a team of 21 agents in Northern California
In his race against other brokers to add agents, eXp Real Estate has scored big in California.
First real estate team leave the white label brokerage Side and take his 21 agents to eXp. Led by the wife-and-husband team of Angelica Galeana Yost and Robert Yost, the team serves the Sacramento and Folsom areas of Northern California.
Robert Yost is a 19-year veteran of the real estate industry, and Angelica serves as co-team leader and director of growth.
“We are pleased to welcome Robert, Angelica and their team to eXp Realty,” CEO Leo Pareja said in a statement. “Their commitment to excellence and focus on growth aligns perfectly with our mission. eXp Realty continues to attract the best of the best, and we are seeing tremendous growth in quality globally as more top real estate agents recognize the value of our platform.”
According to RealTrends Verifiedthe team produced $126 million in sales volume across 211 transactions in 2023.
“We had reached a ceiling with our previous brokerage and needed a platform that would give us more room to grow and in turn provide more value to our brokers,” Robert Yost said in a statement. “eXp Realty’s unique structure, Fast Forward Movement and collaborative culture all stood out to us as they aligned perfectly with our goals.”
eXp is one of the few national brokerages adding agents and teams at a rapid pace. In September, CanZell Real Estatewhich operates in 20 states, joined with New York-based eXp Grand Lux Real Estate.
Real estate agents have been under fire since the National Association of Real Estate Agents settled antitrust lawsuits against her for $418 million in March. New data from AccountTECH shows that larger brokers are more financially sensitive to any commission decreases than smaller brokers. This is often due to the burden of higher overhead costs associated with office space and middle management.
eXp also saved itself from a major headache this week by settling the commission lawsuits for $34 million.
