Shares of eXp World Holdings (OTCQB: EXPI) climbed 12% in Friday’s mid-day trade after the company announced the addition of Miguel Herrera, the top-rated international luxury agent in South Texas, as the newest member of its eXp Realty, LLC real estate brokerage division in San Antonio, Texas. The company’s stock may also be moving on momentum from yesterday’s news that it has grown its family of agents and brokers to more than 1,900 across 41 markets in North America, up from 864 agents at the start of the year.
With nearly 30 years of previous business experience behind him, Herrera launched his real estate career in 2010 and quickly became a recognized leader within and among the luxury agent community.
In 2015 Herrera achieved production of more than $15 million, followed by more than $24 million in 2016. He was aptly named the #1 International Luxury Agent in San Antonio, Hill Country and South Texas by Luxury League, and has been a member of the Platinum Top 50 San Antonio group of agents from 2012-2016.
Herrera was first introduced at a press availability last week when eXp Realty – the Agent-Owned Cloud Brokerage® – held its third annual conference in San Antonio.
“The eXp Realty business model is the strongest in the industry,” Herrera stated in today’s news release. “I am excited about the opportunity for true ownership, not just for me, but for my loyal and talented team members, and I am excited to teach and coach eXp agents from all markets who aspire to work in luxury on the eXpWorld campus. This is the future of real estate and I want to be a part of it.”
eXp Realty CEO Jason Gesing welcomed Herrera to the team and commented that his “desire to share what he knows is perfectly aligned with our ownership culture and we look forward to his leadership and contributions for many years to come.”
For more information, visit the company’s website at www.eXpWorldHoldings.com
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