eXp World’s NextHome opens two Southern California offices under large-office franchise model

• eXp World Holdings’ NextHome unit launched two new Southern California brokerages under its large-office franchise model, marking first offices added since eXp’s acquisition of NextHome.
• NextHome Coastal Estates in Oxnard, led by Omar Velazquez, will serve Ventura County.
• NextHome Central Coast in Pismo Beach, led by Jay Peet, will serve California’s Central Coast.
• Both offices are owned by brokerage operator Albert Meggers, opening with nearly 200 agents.
• Large-office franchise model offers multiple technology paths under one agreement, aiming to reduce operational overlap and simplify brokerage systems.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. eXp World Holdings Inc. published the original content used to generate this news brief on May 11, 2026, and is solely responsible for the information contained therein.