eXp Commercial
eXp Commercial is a cloud-based virtual commercial real estate brokerage operating in all 50 U.S. states as a subsidiary of eXp World Holdings (Nasdaq: EXPI), serving investors, owners, tenants, and business buyers across office, multifamily, industrial, retail, and hospitality with bundled SaaS tools and an advisor-first equity model.
- Company typePublic
- Founded2020
- HeadquartersSuisun City, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What eXp Commercial does
eXp Commercial is a cloud-based commercial real estate brokerage and a wholly owned subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI). Founded in 2020 by Glenn Sanford, the company extends the parent's asset-light, virtual brokerage model into commercial real estate, operating across all 50 U.S. states without franchise territories or brick-and-mortar offices. Its platform serves investors, property owners, business owners, buyers, sellers, landlords, and tenants across five core asset classes: office, multifamily, industrial, retail, and hospitality. Specialized practices include the Senior Care Realty Group for senior housing and a Business Broker Division for M&A and franchise transactions.
The technology stack is a virtual infrastructure rather than a proprietary trading platform. Advisors receive bundled access to CoStar, Buildout, Canva Enterprise, AIR CRE, and SkySlope as part of a flat $500 monthly cloud brokerage fee, with $250 per-transaction review fees and a $20K annual commission cap. Revenue is generated through transaction commissions on commercial deals, recurring cloud brokerage subscriptions, transaction review fees, and capped risk management fees. Advisors also participate in revenue share and equity awards tied to the publicly listed parent.
The go-to-market model is advisor-first and sales-led: eXp Commercial recruits experienced commercial brokers with offers of autonomy, cross-state licensing, equity participation, and reduced overhead versus traditional firms such as Marcus & Millichap or CBRE. Distribution relies on a nationwide advisor network, the company website and advisor directory, an active content and social media presence (LinkedIn, Facebook, Instagram, YouTube), industry events such as ICSC Las Vegas, the annual eXpcon conference, and community programs including the She Does Deals mastermind for women in commercial real estate. Recent leadership hires (CEO Leo Pareja, CMO/COO Wendy Forsythe, SVP Growth Sean Patrick Murphy) and vertical practice buildouts point to an active scaling posture, though standalone financial performance for the commercial arm is not separately disclosed.
eXp Commercial firmographics
Firmographics- Name
- eXp Commercial
- Legal name
- eXp World Holdings, Inc.
- Website
- https://expcommercial.com
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- eXp Commercial is a cloud-based virtual commercial real estate brokerage operating in all 50 U.S. states as a subsidiary of eXp World Holdings (Nasdaq: EXPI), serving investors, owners, tenants, and business buyers across office, multifamily, industrial, retail, and hospitality with bundled SaaS tools and an advisor-first equity model.
- Ownership category
- akta.pro rank
Where eXp Commercial is headquartered
LocationHeadquarters
- HQ city
- Suisun City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
eXp Commercial business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Transaction Commissions: Advisors earn commissions on completed commercial real estate transactions. The company operates with a cost-effective model featuring a $20K annual commission cap to maximize advisor income.
- Cloud Brokerage Fees: Advisors pay monthly cloud brokerage fees ($500/month) and transaction review fees ($250 per transaction) plus risk management fees ($100 with $1,000 annual cap).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Cloud Brokerage Fee - $500/month base cost |
| Transaction based/ take rate | Pay-as-you-go | Transaction Review Fee - $250 per transaction |
| Subscription | Annual | Risk Management Fee - $100 with $1,000 annual cap |
| Other | Annual | Commission Cap - $20K annual |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels9 records
eXp Commercial product offering
Product offeringCore offering
eXp Commercial is a cloud-based commercial real estate brokerage that provides investment sales, seller and buyer representation, landlord and tenant representation, and a business broker division for M&A and franchise transactions. It serves clients nationwide across the Office, Multifamily, Industrial, Retail, and Hospitality property categories through a distributed network of independent advisors operating under a virtual, low-overhead platform.
Product overview
eXp Commercial is a cloud-based commercial real estate brokerage platform operating across all 50 U.S. states, offering a unified platform with six core service lines (Investment Sales, Seller Representation, Buyer Representation, Landlord Representation, Tenant Representation, and Business Broker Division) that work together to serve clients throughout the commercial real estate transaction lifecycle. The platform is built around five commercial property product categories (Office, Multifamily, Industrial, Retail, and Hospitality) that advisors specialize in, supported by integrated tools including CoStar, Buildout, Canva Enterprise, AIR CRE, and Skyslope provided as part of the monthly cloud brokerage fee.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Sales Expert Investment Sales and Advisory Services helping clients buy, sell, or reposition commercial real estate assets with data-driven insights, nationwide access, and strategic guidance to maximize value.
- Seller Representation Advisors help sellers maximize property value with market-driven pricing strategies, targeted marketing, and expert deal negotiation to attract qualified buyers and close with confidence.
- Buyer Representation Supports buyers in identifying and acquiring high-potential properties with smart market analysis, deal structuring expertise, and full-service support from search to closing.
- Landlord Representation Advisors help landlords fill vacancies and boost performance with proactive leasing strategies, targeted tenant outreach, and marketing backed by real-time data.
- Tenant Representation Experts help tenants find the right space and secure strong lease terms through expert site selection, market research, and smart negotiation strategies.
- Business Broker Division Business brokers guide business owners and buyers through sales, mergers, and acquisitions with expert valuation, strategic marketing, and seamless execution across all stages of the deal.
- Office Property Brokerage Advisors guide investors and business owners through the dynamic workplace market with flexible, innovative, and data-driven strategies for corporate headquarters, flexible/coworking spaces, Class A/B/C office properties, suburban office parks, creative office spaces, and medical office buildings.
- Multifamily Property Brokerage Advisors deliver tailored strategies for multifamily property owners, investors, and developers across luxury Class A properties, value-add properties, workforce housing, student housing, senior living communities, and build-to-rent communities.
- Industrial Property Brokerage Advisors deliver forward-thinking, data-driven solutions for e-commerce and logistics centers, manufacturing and production facilities, cold storage and specialized facilities, and flex space.
- Retail Property Brokerage Retail advisors provide customized service to investors, tenants, and landlords across shopping centers, urban infill retail, retail strip centers, single-tenant and NNN investments, and pop-up and experiential retail.
- Hospitality Property Brokerage Advisors provide strategic, data-driven guidance for luxury resorts, boutique hotels, select-service hotels, extended-stay hotels, destination resorts and spas, and mixed-use developments.
- Senior Care Realty Group A specialized team within eXp Commercial that focuses on senior housing transactions including assisted living, memory care, independent living, and skilled nursing facilities, building relationships with institutional-caliber investors through confidential, targeted outreach and a curated buyer network.
Quantifiable outcome
- Advisors can keep more of every commission with low overhead and $20K annual commission cap
- +2 more outcomes
Companies that use eXp Commercial
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
eXp Commercial technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature1 record
eXp Commercial partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- UFC GYMminorMario Alvarez Jr., eXp Commercial advisor, partnered with UFC GYM brand as a Master Developer and franchise owner for Southern California. This represents an entrepreneurial partnership where Alvarez operates UFC GYM franchises under a development agreement.
- eXp RealtycoreeXp Commercial operates as a subsidiary of eXp World Holdings alongside eXp Realty. The two entities share the same parent company and collaborate on transactions, with residential agents referring commercial deals and vice versa. The approximately 80,000 residential agents provide a network for 1031 exchange referrals.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
eXp Commercial competitors and assessment
Company assessmentBroad incumbents
- CBRE Group: Largest global commercial real estate services firm offering investment sales, leasing, valuation, and advisory. Competes with eXp Commercial across most asset classes and service lines but at much larger scale and with a global footprint.
- JLL (Jones Lang LaSalle): Global real estate services and investment management firm. Overlaps with eXp Commercial on investment sales, landlord/tenant representation, and capital markets across office, industrial, retail, and multifamily.
- Cushman & Wakefield: Global commercial real estate services firm competing across investment sales, leasing, and advisory. A broad incumbent against which eXp Commercial positions its lower-overhead, equity-aligned advisor model.
Direct peers
- SVN International (Sperry Van Ness): Franchise-style commercial real estate brokerage operating on a shared-fee, advisor-centric model. Closely comparable to eXp Commercial in philosophy — empowering individual advisors with brand, tools, and economics — though distributed via franchising rather than cloud brokerage.
- Newmark Group: Publicly traded CRE services firm focused on investment sales, leasing, and capital markets. Directly comparable in service offering and target clients, particularly in office and multifamily.
- Colliers International: Global commercial real estate services firm with strong investment sales and capital markets capability. Comparable in service mix and asset-class breadth; competes for the same investor and owner clients.
- Keller Williams Commercial: Commercial arm of Keller Williams Realty, a residential-focused brokerage that has expanded into CRE using a similar agent-centric, low-overhead model. A sister-concept competitor to eXp Commercial.
- Marcus & Millichap: Large U.S. commercial real estate investment sales brokerage. Directly comparable to eXp Commercial in investment sales focus; the company has explicitly hired senior talent from Marcus & Millichap (e.g., Mario Alvarez Jr.).
- Berkshire Hathaway HomeServices Commercial: Commercial division of Berkshire Hathaway HomeServices network. Comparable in that it leverages a large residential agent base for commercial referrals and provides commission-based advisor economics.
Emerging players
- Compass: Technology-led residential brokerage with growing commercial capability. Comparable in tech-stack bundling and agent-first economics; an emerging competitor as it expands into investment sales and commercial mandates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
eXp Commercial social profiles
Digital presenceeXp Commercial financial estimates
Financial estimateRevenue estimate
Valuation estimate
eXp Commercial leadership team
Management profileNumber of profiles
Profiles8 records
eXp Commercial funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
eXp Commercial M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about eXp Commercial
What does eXp Commercial do?
eXp Commercial is a cloud-based commercial real estate brokerage that provides investment sales, seller and buyer representation, landlord and tenant representation, and a business broker division for M&A and franchise transactions. It serves clients nationwide across the Office, Multifamily, Industrial, Retail, and Hospitality property categories through a distributed network of independent advisors operating under a virtual, low-overhead platform.
Is eXp Commercial a public or private company?
eXp Commercial is a public company. It is classified as public and is currently operating.
When was eXp Commercial founded?
eXp Commercial was founded in 2020. It employs 5,001 to 10,000 people.
Where is eXp Commercial based?
eXp Commercial is headquartered in Suisun City, United States, in the North America region.
How does eXp Commercial make money?
Two revenue lines are on record. Transaction Commissions are the primary driver. The others are cloud Brokerage Fees.
Who are eXp Commercial's main competitors?
Broad incumbents on record are CBRE Group, JLL (Jones Lang LaSalle) and Cushman & Wakefield. Direct peers are SVN International (Sperry Van Ness), Newmark Group, Colliers International, Keller Williams Commercial, Marcus & Millichap and Berkshire Hathaway HomeServices Commercial. Compass is listed as an emerging player.
Does eXp Commercial have an API?
No public API is recorded for eXp Commercial.