NextHome, an award-winning national real estate franchise and subsidiary of eXp World Holdings, Inc. (Nasdaq: AGNT), has announced the launch of two new Southern California brokerages through its innovative large-office franchise model. The new offices, NextHome Coastal Estates and NextHome Central Coast, mark a significant expansion of the company's presence along California's coastline.
New Brokerages Led by Industry Veteran
Owned by experienced brokerage leader Albert Meggers, both offices launch with nearly 200 agents serving California's Central Coast and Ventura County markets. The Pismo Beach office will operate as NextHome Central Coast, led by Jay Peet, while the Oxnard office will operate as NextHome Coastal Estates, led by Omar Velazquez. This expansion represents the first offices to join following eXp World Holdings' acquisition of NextHome.
Leadership Perspectives
James Dwiggins, President of NextHome, expressed enthusiasm about the expansion: "NextHome has built something genuinely differentiated in the franchise space — a model that puts the operator first and a culture that agents are proud to be part of. The launch of NextHome Coastal Estates and NextHome Central Coast is a strong signal of what's possible when an experienced operator finds the right partner. Albert and his teams are exactly the kind of leaders this model was built for, and we could not be more excited to welcome them to NextHome."
For Meggers, the timing of his transition to NextHome felt well-aligned with the introduction of the new franchise model. "Real estate is going through a period of punctuated change, and we have a voice in shaping the future based on who we affiliate with," said Albert Meggers, owner of NextHome Central Coast and NextHome Coastal Estates. "If you honestly look at where NextHome fits within the real estate industry, the vast majority of agents align with its values. I'm excited to operate under a brand I can be proud of: a company that lives its values, supports its people, and genuinely cares about its operators. I'm confident I've found that at NextHome."
Meggers' Extensive Experience
With more than 20 years of experience in real estate business development, Meggers has built a reputation as a leader in market share growth and brokerage expansion. In 2006, he helped introduce a nationally franchised real estate brand into the Los Angeles market before expanding operations throughout Central California. Over time, he grew that company into one of the largest brokerages in California, operating 14 offices with more than 1,200 agents and holding dominant market share positions across multiple regions.
NextHome's Large-Office Franchise Model
NextHome's large-office model offers brokerages multiple technology paths under a single agreement, allowing operators to choose the structure that best fits their business. The model was designed to reduce operational overlap, simplify brokerage systems, and give leaders more flexibility in how they scale. This innovative approach is attracting experienced operators like Meggers who seek a partner that prioritizes agent success and operational efficiency.
About eXp World Holdings, Inc.
Built by Agents. Built for Agents. eXp World Holdings, Inc. (Nasdaq: AGNT) is the global parent company of eXp Realty, the most agent-centric real estate brokerage on the planet, NextHome, Inc., an award-winning national real estate franchise, FrameVR.io, a virtual collaboration platform, and SUCCESS Enterprises, a leading personal development and media brand for entrepreneurs. Together, the AGNT platform provides a world-class multi-model operating system empowering independent agents, franchise owners, and team leaders across the Americas, Europe, the Middle East, Asia Pacific, and South Africa. As a publicly traded company, eXp World Holdings prioritizes transparency, innovation, and long-term value for agents, franchise owners, staff, and shareholders.
