- June 27, 2021
- Posted by: Stratford Team
- Category: Business
Roughly $2.5 trillion worth of homes are sold in the United States each year, and this is an industry that has a ton of potential to be disrupted. In this Fool Live video clip, recorded on June 15, The Motley Fool’s chief growth officer Anand Chokkavelu discusses why eXp World Holdings (NASDAQ:EXPI) could have so much growth potential in the years ahead.
Anand Chokkavelu: eXp World Holdings, Ticker EXPI, is No. 14. This is a fully remote cloud-based realtor, disrupting traditional bricks-and-mortar shops like Keller Williams or Century 21, founder led by Glenn Sanford. He, his ex wife, and a couple of others own a controlling interests. They’re very, very agent focused to show that the gross margins are only 9% because they seem to be doing the strategy of letting agents largely eat what they kill, 80-20 commission split with capping and trying to grow via volume. That 20% commission that they get is…