eXp World Holdings – a valuable pyramid scheme for US estate agents?

Friday 20th January 2023 I recently read a write-up on eXp World Holding (NasdaqGM:EXPI), an online real-estate brokerage firm in the US on Value Investors’ Club, here. The “pyramid scheme” nature of acquiring and retaining real-estate agents, combined with the revenue-share nature of paying them, may well provide a durable moat for this business, enablingContinue reading “eXp World Holdings – a valuable pyramid scheme for US estate agents?”