Today eXp Realty named Leo Pareja as the new company CEO, taking over for founder Glenn Sanford, who will stay on as founder, chairman and CEO of eXp World Holdings. 

The new appointment follows a series of changes to C-level leadership announced last week. 

As we step into this new chapter at eXp Realty, I am honored to lead a company that has always placed innovation and agent success at the forefront of its mission. Together, we will not only continue to redefine the real estate landscape through technology and unparalleled agent support but also empower every member of our community to achieve their full potential.

Leo Pareja

New CEO of eXp Realty

Who is Leo Pareja?

With over two decades of experience in the real estate industry, Leo Pareja joined eXp in 2022 and has served as its Chief Strategy Officer. 

Prior to that, he was the founder and CEO of Remine, a real estate agent and lender platform that was acquired in 2021 by MLS Technology Holdings, LLC. 

In its press release, eXp spoke highly of Pareja’s experience and leadership ability, as well as the role he played in the success of several key projects, including eXp Exclusives and Revenos, as well as in the expansion of the eXp Solutions suites. 

Glenn Sanford expressed his confidence in Pareja as the best fit for this job moving forward:

Leo’s innovative and recognized industry leadership has elevated our agent-value proposition by reshaping referrals and lead-generation. His deep industry experience and influence on our community have been profound, and I trust that under his direction, eXp Realty will further fortify its competitive advantage and deliver unparalleled value to our agents, further cementing our position as a ground-breaking leader in the real estate industry.

Glenn Sanford

Chairman and CEO of eXp World Holdings (and former CEO of eXp Realty)

Pareja has also received a number of accolades, including—

  • Recognition in RealTrends’ The Thousand report
  • Topping the National Association of Hispanic Real Estate Professionals’ (NAHREP) Top 250 list
  • Inclusion in the 30 under 30 agent list by Realtor® Magazine

He has also served as the founding president of the Metro D.C. chapter—and later the national president—of the National Association of Hispanic Real Estate Professionals. 

A challenging time for eXp

Pareja’s appointment comes at an interesting time for eXp Realty. 

During the COVID housing boom, the cloud-based brokerage saw tremendous growth in its agent count as well as its revenue. But since then, real estate brokerages on the whole, including eXp, have had a harder time keeping both figures trending upward. 

That said, eXp Realty finished 2023 with 87,515 agents—2% more than the previous year—and $4.28 billion in annual revenue. The company also paid out over $230 million in agent revenue share and stock bonuses. 

But Pareja’s promotion to CEO comes in the midst of numerous controversies, potential scandals, and legal battles—including sexual assault lawsuits involving Sanford and eXp’s position as one of the largest brokerages left out of the NAR settlement

Other eXp leadership changes

At the end of March, 2024, eXp Realty announced multiple leadership changes, with the following C-level executives taking new roles: 

  • Renee Kaspar—named as executive vice president and chief human resources officer
  • Seth Siegler—promoted to chief innovation officer
  • Sumanth Kamath—appointed chief technology officer
  • Felix Bravo—elevated to VP of global growth

Meanwhile, some C-level leaders left their positions: 

  • Shoeb Ansari, chief information officer
  • Jim Huang, president of eXp Commercial
  • Mike Vein, EVP of people

Stay tuned for more.