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Russ Cofano Leaves Move Inc and Joins EXP Realty

Please Welcome Russ Cofano to eXp Realty / eXp World Holdings

Russ Cofano joins eXp Realty and eXp World HoldingsWe are so pleased to announce that Russ Cofano joins eXp Realty / eXp World Holdings as the new Chief Strategy Officer and General Counsel, bringing 25 years of leadership and experience in the real estate industry to the table.  Late last year, Cofano resigned from his position as the Senior VP of Industry Relations for REALTOR.com operator Move Inc.  Prior to that time, he was the CEO of the Missouri Association of Realtors, the CEO of a customer relationship management (CRM) company and the VP and General Counsel for John L Scott Real Estate, one of the largest real estate brokerages in the US.

Cofano told Inman News that “I am extremely excited and honored to be joining eXp [Realty] at this time of its growth….Just today, the company surpassed 1,500 real estate brokers and agents nationwide in more than 40 states. The position of Chief Strategy Officer and General Counsel is new and was created to leverage my key strengths and experiences.”

eXp Realty is the first agent-owned cloud real estate brokerage, offering agents 24/7 access to industry-leading tools, technology and training.  Through the 3-D, fully-immersive cloud office, eXp real estate agents are able to collaborate with other top-producing agents from around North America, attend live training sessions, get assistance from support staff members and even socialize with their fellow eXpers.  eXp Realty is also known for it’s incredible revenue share program, where the brokerage shares a percentage of the commissions received with agents who help the company grow and prosper.  eXp is also a publicly traded company (EXPI) and all agents receive stock after they sell their first home, so we are all owners in our brokerage.

 

Read the full press release:

Industry Veteran Named Chief Strategy Officer and General Counsel
BELLINGHAM, WA–(Marketwired – July 29, 2016) – eXp World Holdings, Inc. (OTCQB: EXPI) today announced that industry veteran Russ Cofano has joined the Company as Chief Strategy Officer and General Counsel.Cofano brings more than twenty-five-years of industry experience to eXp. He most recently served as senior vice president of industry relations for MOVE, Inc. operator of REALTOR.com® developing strategy and building relationships with the real estate industry’s leading organizations, MLSs and technology companies. Cofano has also served as chief executive officer for the Missouri REALTORS®, the largest trade association in the state of Missouri, and as vice president and general counsel for John L. Scott Real Estate, consistently ranked as one of the largest real estate brokerage companies in the nation. He has also served as an advisor to a number of REALTOR® associations and MLSs and as CEO of a real estate CRM technology company.“I have been looking for ‘the next great opportunity’ within the industry, and I’m certain that I’ve found that opportunity at eXp,” said Cofano. “Unlike other new entrants, eXp is redefining the brokerage model of the future from within. Glenn Sanford has assembled a fantastic team and I’m excited to join them and use my various industry experiences to help the company chart its course of success.”“Russ brings a wealth of experience and industry knowledge to the Company from multiple perspectives,” said Company founder and CEO, Glenn Sanford. “We’re fortunate to be able to add Russ to our team and believe he will have an immediate and lasting impact on the Company as we continue to grow.”Contact information for Russ Cofano: russ.cofano@exprealty.com

About eXp World Holdings, Inc.

eXp World Holdings, Inc. is the holding company for a number of companies most notably eXp Realty LLC, the Agent-Owned Cloud Brokerage™ as a full-service real estate brokerage providing 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its 3-D, fully-immersive, cloud office environment. eXp Realty, LLC and eXp Realty of Canada, Inc. also feature an aggressive revenue sharing program that pays agents a percentage of gross commission income earned by fellow real estate professionals who they attract into the Company.

eXp World Holdings, Inc. also owns 89.4% of First Cloud Mortgage, Inc. a Delaware corporation launched in 2015 and now licensed to originate mortgages in Arizona, California, Virginia and New Mexico. First Cloud Mortgage has positioned itself as a Planet Friendly Mortgage Company via the purchase of carbon offsets for homeowners offsetting the first year of the Carbon Footprint of the typical home on each mortgage originated through First Cloud Mortgage, Inc.

As a publicly-traded company, eXp World Holdings, Inc. uniquely offers professionals within its ranks opportunities to earn equity awards for production and contributions to overall company growth.

For more information you can follow eXp World Holdings, Inc. on Twitter, LinkedIn,Facebook, YouTube, or visit eXpWorldHoldings.com. For eXp Realty please visit: eXpRealty.com and for First Cloud Mortgage, Inc. check out FirstCloudMortgage.com.

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the Company’s expansion, revenue growth, operating results, financial performance and net income changes. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K.

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