NextHome opens two Southern California offices with 200 agents

Brokerage leader Albert Meggers has launched two large Southern California offices under the NextHome brand, bringing nearly 200 agents onto the franchise’s new large-office model following its acquisition by eXp World Holdings.

NextHome, a national real estate franchise and subsidiary of eXp World Holdings, said it is expanding its Southern California footprint with two coastal brokerages: NextHome Coastal Estates in Oxnard and NextHome Central Coast in Pismo Beach.

The offices, announced Monday, are the first to open under NextHome’s large-office franchise structure and collectively launch with almost 200 agents serving California’s Central Coast and Ventura County markets, according to the company release.

Meggers, who owns both brokerages, has more than 20 years of experience in real estate business development. In 2006, he helped introduce a national real estate franchise into the Los Angeles market and later expanded it across Central California. That operation grew to 14 offices with more than 1,200 agents and held dominant market share in multiple regions, the company said.

The Pismo Beach location will operate as NextHome Central Coast, led by broker-in-charge Jay Peet. The Oxnard office will do business as NextHome Coastal Estates, led by broker-in-charge Omar Velazquez.

James Dwiggins says launch is a sign of the future

NextHome president James Dwiggins said the launch underscores how the new franchise structure is aimed at experienced operators who want more control over their model and systems.

“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,” Dwiggins said in the announcement.

Meggers framed the move as a response to rapid change in the residential brokerage business, where commission lawsuits, shifting agent preferences and tighter margins are pressuring traditional models.

“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,” Meggers said.

NextHome’s large-office model offers multiple technology and operational setups under a single franchise agreement. NextHome said the approach is designed to reduce overlapping systems, streamline brokerage operations and give leaders more flexibility in how they scale.

Meggers’ move comes just days after eXp announced its acquisition of franchisor NextHome. The cloud-based firm framed the acquisition as a way for it to provide agents with “maximum optionality” across the company’s platform. 

“This multi-model approach serves the full spectrum of real estate entrepreneurs on a single, unified global platform that empowers every agent to grow their business on their own terms,” Leo Pareja, the CEO of eXp Realty, said during the firm’s earnings call Monday morning.

This article was written by Brooklee Han and generated with the assistance of HousingWire Automation. It was reviewed by a HousingWire editor before publication. The system helps convert company announcements and industry data into HousingWire-style news coverage.