Jonathan Bass's questions to eXp World Holdings Inc (EXPI) leadership • Q3 2024
Question
Jonathan Bass of Stephens Inc. asked for management's perspective on the NAR's clear cooperation policy, noting the divided opinions on the policy within the real estate industry.
Answer
Executive Leo Pareja responded, positioning himself as a strong defender of the policy. He argued that the North American system, supported by this policy, is the most complete, liquid, and accurate for consumers globally. Pareja emphasized that it keeps marketing costs reasonable for agents compared to international portal-dominated markets and mentioned he is actively advocating for its preservation.