Exp Properties is expanding its footprint in Missouri. The company adds independent brokerage business Delhaunie Real Estate Groupis a St. Louis-area team that closed 1,160 transactions in 2023, generating $353.3 million in sales.
The organization is headquartered in Chesterfield, Missouri and is led by Matt Delhougne. according to his LinkedIn Profiles show Delhaugne previously served as a police officer in St. Louis County and joined the weight/maximum In 1999, he founded Delhaugne Real Estate Group in 2021.
Joining eXp helps the group mitigate independence-related risks in a rapidly changing industry environment driven by the $418 million settlement. National Association of Realtors Consent in class-action antitrust lawsuit filed in Missouri.
“We are pleased to welcome Matt Delhougne and his team to the eXp Realty family,” eXp Realty CEO Leo Pareja said in a statement. “Their outstanding track record and commitment to excellence are a perfect fit with our values. We Look forward to supporting their continued growth and success.
During eXp’s second quarter 2024 earnings call on Wednesday, Exp World Holdings Inc. Chief Executive Glenn Sanford touted the company’s rising Agent Net Promoter Score (aNPS), which jumped from 72 to 76 over the past year. This metric is a measure of agent satisfaction.
Sanford also laid out his vision for international expansion. Despite the recent additions, eXp’s agent count has dropped to 87,111, down 1% year over year, although the company noted that 75% of recently departed agents did not close more than two transactions.
The addition of Delhougne Group strengthens eXp’s roster of high-performing agents in St. Louis.
“Joining eXp Realty provides us with the support and infrastructure we need, freeing us from the administrative burden of running an independent brokerage,” Delhaugne said in a statement. “This move allows us to do what we love best. things – helping our clients and guiding our teams to achieve greater success. When conducting competitive research, I found eXp to be the most forward-thinking brokerage to lead us through these changing times.
