eXp World Holdings, the parent company of eXp Realty, FrameVR.io and Success Enterprise, has acquired real estate franchise NextHome, it announced in a press release Thursday. Financial details of the transaction were not disclosed.

The company will also trade under the new ticker symbol AGNT on the Nasdaq Global Market starting Friday.

"The industry has reached a tipping point, a one-size-fits-all model no longer works for the visionary entrepreneur," said Leo Pareja, CEO of eXp Realty, in the release. "Adding the NextHome franchise model gives our agents and franchise owners maximum optionality, backed by a proven leadership team and now with a unified world-class infrastructure and an expanded global network. ... We're building a platform that supports multiple models, because every agent, and every consumer served, deserves choice."

Alongside its cloud-based brokerage, the company said the acquisition will transform eXp's existing infrastructure into a multi-model platform that can support diverse business models and brands.

NextHome, which has more than 500 franchises nationwide, brings a proven franchise model to eXp's ecosystem. The company will keep NextHome's leadership team in place to continue to drive its growth within the new eXp platform, according to the release.

"By plugging into the most agent-centric real estate engine in the world, our franchise owners and agents will now gain access to unmatched depth, inventory, global network and the kind of industry talent and influence that moves markets," James Dwiggins, Co-CEO of NextHome, said in the release. "We looked at every real estate company across the [United States], and eXp aligns with us the most, from company culture to philosophy to a leadership team that truly advocates for agents and consumers."

The AGNT ticker symbol reflects the company's evolution and continued focus on empowering independent agents and brokers through its new model, according to the release.

The purchase was one of two notable acquisitions in the mortgage industry Thursday. Carrington Mortgage Services bought Valon Mortgage and will adopt its servicing platform to handle its book of Ginnie Mae loans.

United Wholesale Mortgage and CrossCountry also continue to battle over the ensuing purchase of Two Harbors. The company rejected an updated offer of $12 per share from UWM earlier this week.