Q2 2020 HIGHLIGHTS:

• $8.3 million net income in Q2
• Most profitable quarter in company’s history
• Positive net income for third quarter in a row
• Revenue increased 33% Y/Y to $354 million

• Agent count increased 54% Y/Y to 31,091

• Transaction sides closed increased 22% Y/Y to 43,653
• Transaction volume closed increased 26% Y/Y to $13 billion

“As we look toward the second half of 2020, we anticipate the presence and influence of COVID-19 to linger, but eXp World Holdings’ businesses are uniquely positioned to adapt and thrive. Combine agent excellence that delivers increased sales volume and attracts top-producing agents with the advantages of our cloud-based brokerage model and it is a cycle of success. We expect that the eXp Realty business and our agents will continue to adjust to ongoing economic conditions in the housing market. We also plan to formally announce our expansion into new international markets as well as a strategic initiative in commercial real estate. At VirBELA, we see significant growth opportunities ahead as remote work, distance learning and virtual events become the norm during this time of physical distancing.” - eXp World Holdings CFO and Chief Collaboration Officer Jeff Whiteside