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Real Estate Brokerage
eXp Explained
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Every Thursday 1:00-2:00 pm CST
1 Hour Live Event on Zoom
Take The Next Step
You've heard about eXp Realty, now experience it. Join me for a Zoom call to learn all the exciting reasons why eXp Realty can help your business thrive.
When you join eXp Realty, you become part of a global family of agents and partners dedicated to transforming the real estate experience. Learn more about how we empower our agents with world-class education, strategic partnership and stock awards.
Keep 80-100% of your commissions and enjoy a low $16,000 company cap.
Let me tell you all the reasons to join eXp!
eXp Realty is sweeping the nation faster than any other real estate brokerage in history. eXp is the #1 Agent-Owned Cloud-Based Real Estate Brokerage in the World.
eXp offers agents competitive splits and fees, tons of weekly live training that you can attend anywhere, and support through our cloud office 11 hours a day, Monday - Friday. Additionally, eXp awards real estate agents stock (EXPI) for hitting specific production and attraction benchmarks. Finally, eXp offers agents a one-of-a-kind opportunity to build a residual income stream called revenue share.
These are just some of the benefits of eXp Realty. Agents also receive the very best in lead generation websites and CRM systems, kvCORE. Plus, learn about how agents that have licenses in multiple states pay ONLY 1 cap with eXp. Finally, find out what the ICON agent program is and how eXp agents can earn their cap back in the form of EXPI stock every year.
Anywhere, Anytime Flexibility
Agents are inherently mobile and eXp Realty’s cloud-campus environment allows for collaboration and shared learning from any location in the world.
eXp agents are offered more than 50 hours of live training each week and can participate in virtual classrooms led by leading real estate experts. Not tech savvy? eXp’s live support team is available around the clock to get agents’ systems and tools up and running.
Powerful Suite of Tools
eXp Realty provides agents with the innovative tools and services to grow their business. This includes top-tier, lead-generation software, transaction management, content marketing tools, and optional advertising support.
eXp’s proprietary platform gives agents autonomy and greater visibility into important business metrics such as transactions, commissions, capping status and awards.
Agent Financial Rewards
No desk fees. No royalty fees. No franchise fees. Agents keep 80-100% of their commissions and participate in one of the industry’s most rewarding agent experiences.
Agents at eXp Realty can receive revenue share from the sales activity of the productive agents they sponsor into the company. Revenue share is paid by eXp Realty and doesn’t reduce agent commission.
eXp Compensation Plan
eXp Realty believes that the value proposition of the broker to the agent should be so good that it would be irresponsible for an agent to hang their license anywhere else. Supporting that belief is the extremely low cost of startup and monthly fees for all the value gained with eXp.
The initial startup is $149, which includes 1000 business cards and the first months fee. After this, the monthly fee is $85 and includes you access to technology tools like KVcore, Workplace, Skyslope and eXp World along with 80+ hours of training each week.
The split is 80/20 with a $16,000 cap. After an agent-caps, they earn 100% commission for the remainder of the anniversary year with a $250 transaction fee. This transaction fee is then reduced to $75/transaction after paying $5,000 in transaction fees.
In addition to the above fees, the agent pays $40/transaction for risk management (which caps at $500/yr) and $25/transaction for broker review.
Revenue Sharing
eXp Realty gives real estate agents the opportunity to earn additional income streams. The first additional income stream is revenue sharing.
Revenue Sharing is eXp's way of giving back a percentage of the revenue that eXp receives from commissions earned to the agent for helping to grow the company. This money comes from eXp Realty's side of the split.
Because eXp Realty does NOT have all the overhead experienced by most traditional brokerages like brick and mortar offices, redundant staffing positions, and corporate recruiters, team leaders, and franchise owners, eXp can reward agents off the top, in the form of revenue sharing.
This revenue share can be earned from agents all across the US and Canada regardless of if the agent they attract to the company is in the same state or not. Also, revenue share is paid per deal the agent closes regardless of if the agent does 1 deal a year or is a capping agent.
Agents can become shareholders at eXp Realty
eXp Realty agents have the opportunity to earn company stock in multiple ways.
First off, an agent can elect to take advantage of eXp Realty's direct purchase plan. This is an optional program that allows agents to have 5% of their gross commissions automatically deducted to purchase eXp stock at a 10% discount to what the stock is being publicly traded at.
Next, agents can also be awarded free shares of eXp Realty stock for doing things they would normally in real estate anyways. For example, when an agent closes their first deal, caps, or attracts someone into the company and that agent closes their first deal. This stock, that is given to agents for free, is vested for 3 years. This means the agent needs to stay with eXp Realty for 3 years from the time they are awarded the stock.
Finally, the ICON agent program awards agents who reach their commission cap and do another $5000 in transaction fees to eXp in the same year their $16,000 that they paid into their commission cap back in the form of eXp stock. An agent hits their commission cap of $16,000 by earning $80,000 in gross commission in one year. 20% of that goes to eXp equaling $16,000. After that time, the agent earns 100% minus a $250 transaction fee. If the agent does another 20 deals at a $250 transaction fee equaling $5,000 they are now eligible to receive their ICON status and stock award. With an average commission amount of around $6,000, an agent would expect to become ICON around 32 transactions within one year.
80+ Hours of Live Real Estate Training Per Week
eXp Realty offers over 80+ hours of LIVE training every week. This training can be accessed anywhere you have internet access via our cloud campus. Training ranges from lead generation, contract training by state, scripts and dialogues, social media management, video and blogging, and much more...
Training classes are taught by ICON agents from all over the country. ICON agents the best eXp agents, associate brokers, and team leaders that have reached a certain production requirement. The quality of training that exists within eXp is like no other company out there!