PHOTO: NASDAQ-listed eXp Realty was founded back in 2009

A global network is making a big push into the Australian market, as it looks to more than quadruple its Australian presence over the next 12 months.

NASDAQ-listed eXp Realty was founded back in 2009, but the Australian arm of the business, eXp Australia, has big things planned in 2021.

With more than 42,000 agents the world over, it’s already boasting agents across the US, Canada, the UK, France, Mexico, South Africa, India and Portugal.

This year alone, it’s already seen expansion into Puerto Rico, Brazil, Italy and Hong Kong.

At the present time, eXp Australia has onboarded 70-odd agents, with another 40 or so “in various stages of joining”, according to Stephen Lea, eXp’s international expansion leader for Australia.

By the end of 2021, he expects that number to climb much, much higher: “We’ll be in excess, I’m sure, by the end of this year, we’ll have more than 300 agents in Australia.

“It is big numbers, but we only feed those numbers out because we’re confident in each of them, and we’re confident in reaching them because of the number of agents we’ve got already.

“Because the 70-odd agents we’ve got already, there are a number of those who are already helping us grow the business, because agents are attracted by the fact that other successful agents have come on board.”

It helps that agents are able to earn additional income by helping the company to grow its agent base.