eXp rides housing boom with $31M in profits

first_imgUPDATE: The headline has been corrected to indicate that eXp made $31 million in net income.  Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags Email Address* Full Name* Share via Shortlinkcenter_img eXp realtyglenn sanfordHousing MarketResidential Brokerage eXp Realty founder Glenn Sanford. (eXp)UPDATED, March 11, 2021, 6:58 p.m.: As traditional brokerage firms scrambled to go virtual last spring, eXp Realty didn’t miss a beat. The cloud-based brokerage maintained “continuous operations,” said CEO Glenn Sanford.The result was eXp’s most profitable year ever, with $31 million in net income, compared to a $9.6 million loss in 2019. Its 2020 revenue also soared 84 percent to a record $1.8 billion, up from $979 million a year prior.Founded in 2002, eXp operates in a Sim City-like virtual world. It has grown rapidly by offering agents 100 percent commission after they hit a certain threshold. Over the past year, it’s reported back-to-back quarters of record profits, in part because it has a fraction of expenses owed by its incumbents, who are saddled with brick-and-mortar offices.ADVERTISEMENTRead moreTrial by fire: virtual showings put to the test Virtual firm eXp notches another profitable quarter Can eXp’s virtual world work in NYC? In 2020, the firm added 15,000 agents for a total of 41,313, up 63 percent year over year. It also launched in five countries — France, Portugal, Mexico, India, and South Africa — and added a commercial arm in 26 U.S. states in 2020.With few apparent obstacles in eXp’s path, it’s not apparent it will gain market share in luxury markets or in New York City, where it launched in 2019.On Thursday, eXp said sales volume soared 89 percent year over year to $72.2 billion. Along with the rest of the housing market, things heated up in the fourth quarter, when sales spiked 123 percent year over year to $24.6 billion.Contact E.B. Solomont Message*last_img read more

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Red Bank Stores Looking Forward to Black Friday

first_imgBy Jason LockhartTHERE ARE SEVERAL stores in downtown Red Bank that plan to extend their hours on Thanksgiving Weekend. With Black Friday being the official kickoff day for holiday shopping.Some independently-owned retail stores plan to make the most of the season by staying open a few extra hours on a weekend in which thousands of people plan to shop. Red Bank storeowners like Ellen Halpern of Esoterica Salon believes it’s a fabulous time for everyone to shop.“We have a lot of fantastic gift items that you would see on the runway and in fashion magazines,” said Halpern, who sells fragrances, cosmetics, and jewelry at her salon on Monmouth Street. “I think people will be ready to climb out of their dull rooms and go back to spending. The job market is opening back up, so people will be working and having money to spend.”Prima’s Home, a furniture store on Broad Street, has no plans to extend its shopping hours for the Black Friday weekend unless demand warrants it, but is looking forward to seeing more business during the holiday season“We are hoping for more sales to close on Thanksgiving weekend since we have more items in the store such as the 300 items that are under $300,” said store manager Roberto Nogueira.Nov. 26 is also the date of the annual Town Concert and Tree Lighting featuring the Holiday Express band. The popular event brings thousands of people to downtown Red Bank for the early evening event, but that doesn’t necessarily translate into more sales for retailers, one shop owner says.Linda Moller, co-owner of LUX Beauty Store of Broad Street, said Holiday Express may bring more people to the area but it’s also a distraction from shopping.“I feel that many times when there is a public event, retail stores do not do well because people are there for the event,” said Moller who added that her store was brand new when the town tree lighting and concert took place last year. “No one wants to be out carrying bags.”One store that’s hoping to capitalize on the crowds in town for the tree lighting isa brand new furniture store opening up on Broad Street on Black Friday. Trading Post 65, a growing furniture chain that has stores in New York and Florida, plans to stay open up until 11 p.m. so that those coming into town for the tree lighting and concert can do a little shopping as well.“Staying open late will get a lot of people to come in and check out the store,” said project manager Eileen Larkin who said she is excited about having the store open on one of the busiest days of the year. “We will also have painters, guitar players, food, and apple cider for people that come in to view the store.”last_img read more

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Trinity Hall Lease Extended Without State Approvals

first_imgMIDDLETOWN – The township committee has agreed to allow Trinity Hall girls school to continue using a township-owned site, even though the state has yet to make the final call.The Township Committee on March 30 approved a lease amendment to allow Trinity Hall religion-based all girls private school that for nearly two school years now has been using the township-owned Croydon Hall, 872 Leonardville Road, in the township’s Leonardo section. Trinity Hall continues to be embroiled in a legal battle with area residents objecting to the school’s permanent campus/facility plans and who are challenging the township approval in state Superior Court. The township committee’s actions last month, however, were seemingly done without the expressed approval of the state Department of Environmental Protection (DEP) and the department’s Green Acres program. Croydon Hall sits on township property that is designated as township park land in its open space inventory, requiring state approval for any non-recreational or conservation use, DEP spokeswoman Caryn Shinske said on April 16. At that point, Shinske said “To date the township has not requested nor has Green Acres approved an extension of the initial lease period.”Township attorney Brian Nelson contradicted that characterization, maintaining the original lease agreement contained a provision for an extension and said there have been conversations with the DEP since that time, believing an additional request was unnecessary. “It depends on who you talk to down there as to what story you get,” Nelson said of DEP officials in Trenton.The school’s lease is set to expire on May 1, after initially given a two-year period, the maximum allowed under Green Acres rules, according to Shinske. The township and the school could seek one six-month extension, “upon showing good cause” for it, Shinske continued.The resolution amending the original lease allows for a two-year time in total, calculating based upon the school’s actual use of the building not on calendar days, given school isn’t in session for summers, holidays and vacation breaks. According to the resolution the lease would extend until May 31, 2016, with an option to renew it for another 365 days or until May 31, 2017, whichever occurs first. The school would pay the township $21,500 a month for the remainder of the lease.On Monday, April 20, Shinske in an email reiterated the DEP’s position that the township hadn’t been in contact with her department on this matter. But the next day, she revised the position, noting Nelson and the township administrator, Anthony Mercantante, “have indicated to us they will be working on a request for an extension with our regulations and we are confident we will reach an agreement within the next few weeks.”Nelson said on April 21 that he and Mercantante “were putting together the documents,” to send to the DEP based upon a conversation they had with the DEP in the week of April 13. He has sent a letter to the DEP’s Jessica Patterson, Bureau of Legal Services and Stewardship for the Green Acre’s program, formally requesting the extension – a full three weeks after the township formally approved the extension.Trinity Hall, a high school that has a Roman Catholic religious-based and academic curriculum, hopes to construct its permanent campus using approximately half of a roughly 67-acre undeveloped and largely wooded property on Chapel Hill Road. The plans have been mired in controversy, while proponents insist this is an appropriate and beneficial use, homeowners in the residential Chapel Hill Road area continue to object, believing a school that may ultimately be able to accommodate as many as 500 students is too intense of a use and poses environmental and traffic concerns.The township planning board, after months of lengthy and at times contentious hearings, denied the application last June. The school appealed to the Superior Court, which struck down a provision of a township ordinance remanding it back to the local board. The board on second blush approved the plans. And now objectors are fighting that approval in Superior Court.Superior Court Judge Paul A. Kapalko, who made the first ruling in this matter last year, is scheduled to hear this on Friday.“This is a girls’ high school we’re talking about,” this week said John Giunco, the lawyer representing Trinity Hall. “This is clearly a beneficial use and one that offers much for the community.”Giunco said he’s had conversations with the DEP over the course of time and believes the extension is justified given the delays caused by the ongoing litigation. “This is a self-imposed hardship, in effect,” on the school by the objectors, he said.Both Nelson and Giunco noted Trinity Hall had made about $300,000 worth of renovations to the existing structure, bringing it up to current use codes and requirements for the township’s aging and underused building.
 “The township pretty firmly believes there is such a significant public benefit for this lease arrangement we believe it’s justifiable to extend the lease,” Nelson said.Ron Gasiorowski, a Red Bank lawyer representing the objectors, said the lease agreement “is really highly unusual,” given how it’s calculated and the township’s failure to obtain state approval.“The town attempted to avoid having the DEP weigh in on this and now they kind of got caught with their hand in the cookie jar,” Gasiorowski alleged. “They should realize the rules apply to everybody.”Trinity Hall is in the process of obtaining final construction approvals for its future construction, Giunco said.– By John BurtonJohn Burton can be reached at [email protected] and 732-219-5788.last_img read more

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FUNERAL FOR BUNCRANA MURDER VICTIM

first_imgThe funeral of the man shot dead at his home in Buncrana on Thursday is taking place in his native Derry.Andrew Allen, 24, was shot dead though the window of his home in Links View Park at Lisfannon by gunmen from Republican Action Against Drugs.PSNI and Gardai believe he may have been killed for travelling to Derry to see his two children. He had been banned from the city by the terror group for alleged drug dealing. Mr Allen is being buried after Requiem Mass at Long Tower.Parish priest Father Daniel McFaul said Mr Allen’s family were “devastated”.“There’s no other way to describe it, they’re just completely and utterly devastated.“This is a young man taken in the prime of his life. “This morning my focus is on being with them and supporting them in their grief and getting them through the day.”Mr Allen was one of 40 men forced out of Derry by republican vigilante groups last year.Fr McFaul said the killing was “evil” and called for no retaliation.“Andrew’s family spoke to me yesterday evening about his death and have asked me to plead for no retaliation,” Fr McFaul told mourners.“To hear you Donna, his mother, a woman in the midst of grief, loss and pain, that no family should be put through what Andrew’s killers have put you through is an inspiration and an example to all of us”. FUNERAL FOR BUNCRANA MURDER VICTIM was last modified: February 13th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Andrew Allenbuncranafunerallast_img read more

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Mary T Sweeney of Castle Grove awarded Ireland’s Host of the Year

first_imgCastle Grove Country House owner Mary T Sweeney has been named as Ireland’s Host of the Year at the 2020 Georgina Campbell Awards.Mrs Sweeney, who has been in business with her husband Raymond for 30 years at Castle Grove, was yesterday recognised as the most hospitable hotelier in the country.The Georgina Campbell Awards are a prestigious recognition for leaders in the food and hospitality industry. Ms Campbell described Mary T as a “very special person” and wrote about her iconic role at the Blue Book hotel outside Letterkenny:“Parkland designed by “Capability” Brown in the mid-18th century creates a wonderful setting for Raymond and Mary Sweeney’s beautiful period house overlooking Lough Swilly. “A reputation for promoting the good food of the area and produce from their own gardens has attracted many a food lover to this hospitable Blue Book property – and, with daughters Karoline and Irene now on the management team, there’s a youthful new dimension to the business. “But fortunately that doesn’t deprive guests of the company of Mary Sweeney who – with a keen interest in just about everything, and exhaustive local knowledge – makes Castle Grove a number one choice for many when visiting Donegal.  “Mary has the gift of making every guest feel special and at home – and, sensing where their interests lie, nothing is too much trouble when it comes to advising on how to spend their time most happily when exploring Donegal.”Castle Grove are celebrating their 30th year in business in 2019, while this is not the first individual award for Mrs Sweeney, who earned the Hall of Fame Award at the Letterkenny Business Awards in 2017.Mary T Sweeney of Castle Grove awarded Ireland’s Host of the Year was last modified: September 16th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:castle grove country house hotelgeorgina campbell awardshospitalityireland guidelast_img read more

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Live NBA Draft updates: What will Warriors do Thursday night?

first_imgWhat will the Warriors do in the NBA Draft? Follow the draft Thursday night beginning at 4:30 p.m. and get the latest news and analysis from our reporters and other experts.This draft takes on added significance for the Warriors, who will be without both Klay Thompson and Kevin Durant for at least a large portion of next season, whether they both re-sign or not. The Warriors will need to add a shooter, but will they do it Thursday or wait until free agency begins?To view the live draft …last_img

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Purposefulness Promotes Health, Longevity

first_imgA purpose-driven life has side benefits of psychological health and drive, and might even prolong your life.Live Science published results of a study by the Journal of the American Medical Association that confirmed longevity benefits for people who describe their life as purposeful.The findings held even after the researchers took into account certain factors that could affect people’s sense of life purpose or their risk of death, such as whether the participants had depression.“There seems to be no downside to improving one’s life purpose, and there may be benefits,” said lead author Aliya Alimujiang, a doctoral student at the University of Michigan School of Public Health. “Previous research has suggested that volunteering and meditation may improve psychological well-being.“The findings from a long-term study that began in 1992 and carried forward to a questionnaire in 2006, involving 7,000 people. Mortality rates of participants were studied over subsequent years. Those with low life-purpose scores were more than twice as likely to die, researchers found. The reason, they believe, is that purposeful living lowers stress hormones that lead to inflammation. “Inflammation, in turn, has been previously linked with an increase in risk of early death, according to the study.”It’s nice to know that purposeful living has benefits, but it depends on the purpose. If a Muslim’s purpose is to blow up as many infidels as he or she can, that will not promote longevity!When thinking about your life’s purpose, don’t listen to shallow graduation speeches, or hollow platitudes like “The meaning of life is to live a life of meaning.” No; turn to the Manufacturer! He knows our purpose, and He revealed it to us in His word. Micah 6:8 says, “He has told you, O man, what is good; and what does the Lord require of you but to do justice, and to love kindness, and to walk humbly with your God?” The Apostle Paul spoke of his purpose as a “calling.” Paul’s calling as a preacher of the gospel to the Gentiles involved much danger and opposition. Near the end of his life, he wrote to his student Timothy,6 For this reason I remind you to fan into flame the gift of God, which is in you through the laying on of my hands, 7 for God gave us a spirit not of fear but of power and love and self-control.8 Therefore do not be ashamed of the testimony about our Lord, nor of me his prisoner, but share in suffering for the gospel by the power of God, 9 who saved us and called us to a holy calling, not because of our works but because of his own purpose and grace, which he gave us in Christ Jesus before the ages began, 10 and which now has been manifested through the appearing of our Savior Christ Jesus, who abolished death and brought life and immortality to light through the gospel, 11 for which I was appointed a preacher and apostle and teacher,12 which is why I suffer as I do. But I am not ashamed, for I know whom I have believed, and I am convinced that he is able to guard until that day what has been entrusted to me.  (II Timothy 1:6-12).Man’s purpose is to glorify our Creator and love Him forever. Each of us individually has a purpose within that purpose – a calling tailored individually to each of us. There is no greater mission in life than to find the will of God for your life, and to fulfill it. Whether or not that leads to health and long life, a life that fulfills our divine mission is a life well livedFurther Reading: 2 Peter, ch. 1. (Visited 199 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

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Incentives for clothing and textile sector

first_imgTechnology, competitiveness, incentives Trade and Industry Minister Rob Davies officially launched the Clothing and Textile Competitiveness Programme (CTCP) in Pretoria this week. The programme aims to help the sector restructure itself for long-term sustainability and competitiveness. The CTCP comprises the Capital and Technology Upgrading Programme, the Preferential Financing Scheme, the Competitiveness Improvement Programme, and the core funding mechanism, the Production Incentive. The Industrial Development Corporation established a CTCP desk in April 2009 to administer the programme on behalf of the department. “The competitive challenges are becoming stronger and stronger, and if the local industry is to survive, it has to address a number of these issues,” Davies said. “Ultimately, the challenge is that the industry is going to have to make adjustments and raise its competitiveness.” SAinfo reporter and BuaNewsWould you like to use this article in your publication or on your website? See: Using SAinfo material According to i-Net Bridge, the CTCP, together with five other core projects of the Clothing and Textile Customised Sector Programme (CSP), represent a fundamental shift in the government’s approach to this sector.center_img The Department of Trade and Industry’s Clothing and Textile Competitiveness Programme aims to help South Africa’s industry upgrade its processes, products and people, as well as reposition it to compete effectively both domestically and globally. “The aim of the scheme is to provide support for the industry and to address challenges to upgrade productivity, product design, hardware and the capital equipment,” Davies said. “In line with our approach to funding initiatives, the incentive will be measured to show its impact, and future funding will be based on proven outcomes.” To date, Davies said the CTCP desk had received over 80 applications to the value of R311.8-million, with applications to the value of R36-million having already been approved. Other elements of the CSP include a skills development plan, broad-based black economic empowerment, a technology and innovation plan, the review of import tariffs on raw material, and combating customs fraud, i-Net Bridge said. 15 September 2010last_img read more

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Lowest Price Comes at a Cost That Is Too High

first_imgThe resort where my family and I recently stayed has a contract with a transportation company. The transportation company mainly moved people from the resort to the theme parks and back, but they also transported them to shopping malls, restaurants, and other stores. It is a nice idea.The first van that took my two daughters and me to Target to buy supplies had a problem. As we were driving on a three-lane highway in the fast lane, the anti-lock brakes deployed for no reason. The van started to bounce violently as the driver did her best to cross two lanes of traffic.The next day I asked for an SUV, but was given a different van. This van had suspension problems, and the check engine light was illuminated the entire time.For a couple trips, I was given the newest SUV. The engine light was on in this vehicle too, but it felt safe. Then, the transportation company sent the van to pick up my family for what was to be our last trip using this transportation company.The final van we were given had only one working seat belt in the second row of seats. Being polite, I had volunteered to sit in the back, leaving my wife and my daughters in the middle seat, only one of them wearing a seat belt.I complained. I called the resort to tell them the transportation was unacceptable, and they would have to do better. I was promised a call back, but that call didn’t happen. I called the transportation company. The manager said, “Why are you making a big deal out of this?” I forcefully (and rather colorfully) expressed my feelings.Then I called another transportation company. I asked if I could have a relatively nice, relatively safe vehicle to transport my family. This transportation company charged a higher rate.The price for the dirty, rundown, dangerous vehicle and the accompanying horrendous experience was $35 one-way. The price for the new, pristine, seatbelt equipped, comfortable, leather chaired vehicle was $45 one way.The first transportation company isn’t making the kind of money they need to deliver for their customers, whether they think they are or not. The resort awarded them an exclusive contract, surely in part based on their prices. Bu there is no attention to detail. There is no caring. They aren’t delivering the right experience.The second transportation company charges significantly more money. Over the course of 14 trips, using the second company would cost $140 more. But the experience is easily worth the additional money. It eliminates certain unacceptable risks that can’t be measured in financial terms. And this transportation company pays exceptional close attention to the details. It is clear that they care about delivering an experience.As soon as the first transportation company has an accident carrying the resort’s passengers, it’s likely they will lose the negligent resort as their client.You are wrong to believe that people want the lowest price. You are wrong to believe that people won’t pay more for a better experience. You are wrong to believe that people won’t invest more to avoid certain risks.People want to pay more, but they need you to create greater value.QuestionsAre you capturing enough value to deliver the real outcomes your clients or customers expect?What risks do your clients avoid by paying more?What investments do you need to make to execute for your clients? Essential Reading! Get my first book: The Only Sale Guide You’ll Ever Need “The USA Today bestseller by the star sales speaker and author of The Sales Blog that reveals how all salespeople can attain huge sales success through strategies backed by extensive research and experience.” Buy Nowlast_img read more

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15 days agoHoward announced as Everton’s first USA ambassador

first_imgAbout the authorPaul VegasShare the loveHave your say Howard announced as Everton’s first USA ambassadorby Paul Vegas15 days agoSend to a friendShare the loveRetired goalkeeper Tim Howard has been announced as Everton’s first ambassador in the USA.Howard will make his first appearance in his new role in Austin, Texas, later this month with fans being invited to attend an exclusive event with the American on Saturday, 26, October, reports the Liverpool Echo.Howard will also represent Everton at NBC’s Premier League Mornings Live earlier on the same day for the Blues’ league encounter with Brighton & Hove Albion.The former Blues man made a record 354 Premier League appearances during a 10-year stint at Goodison Park with his last game coming in 2016.The 40-year-old officially retired from professional football on Sunday, playing his last game for Colorado Rapids in the MLS. last_img read more

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