As a part of eXp, Grand Lux Realty will function out of White Plains, New York. Founder Michael Levy touted eXp’s know-how as one of many brokerage’s promoting factors.
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As brokerages throughout the U.S. compete to beef up their agent rosters, eXp Realty introduced Thursday that it simply picked up an impartial brokerage in New York’s Hudson Valley.
In a press release, eXp stated “leading independent brokerage” Grand Lux Realty will carry “over 200 agents” with it to the corporate. Grand Lux relies in Westchester County, New York, and, in accordance with the assertion, “expects to exceed $100 million in annual sales” this yr.
“The partnership marks a significant milestone in both companies’ growth trajectories, combining Grand Lux Realty’s local expertise with eXp Realty’s innovative, cloud-based platform,” the assertion provides.
Michael Levy
Michael Levy based Grand Lux in 2006. He praised eXp’s enterprise mannequin within the assertion.
“It has great technology, an incredible and unique strategy, and the ability for me to take my team’s business to the next level.,” he stated. “By joining eXp, we’re not just moving forward, we’re accelerating.”
Grand Lux’s transfer to eXp comes amid intense competitors for actual property expertise. That competitors has grown particularly heated in recent times because of greater mortgage charges and the ensuing slower housing market. In response, firms resembling eXp, Compass, Coldwell Banker and others have unleashed a gentle stream of bulletins about main recruiting victories.
Within the case of Grand Lux, Thursday’s assertion reveals that as a part of eXp, it can consolidate a number of places of work right into a single location in White Plains. And Levy added that the transfer to eXp will start “a transformative partnership.”
“With eXp’s support,” he concluded, “we’re not only aiming to exceed the $100 million sales mark but to redefine what’s possible for our agents and clients alike.”
