Have you heard about eXp Realty? If you are looking for a change in your real estate business that dramatically increases your sales, commission, technology, and knowledge, this informative article is just for you!
Other topics include eXp Realty reviews, cloud-based brokerages, teams, and education. We’ll help you join eXp so you can begin your exciting adventure!
- 📊 eXp Realty Commission Splits
- 🏦 eXp Realty Stock Price
- 💵 eXp Realty Revenue Share
- 💬 eXp Realty Reviews
- ☁️ Cloud-Based Real Estate Brokerage
- 🤝 eXp Realty Teams
- 💼 Agent Owned Real Estate Brokerage
- 📓 eXp Realty Education
- 👉 Be an eXp Real Estate Agent
- 💡 12 TOP Reasons Broker Owners & Agents Join eXp Realty
- 🏆 eXp Realty ICON Agent Award
- 🤝 Join eXp Realty
- 📹 Why Real Estate Agents Switched to eXp Realty [Videos]
- 🤔 Is eXp Realty Good for New Agents?
- ✔️ Choose Regan Laughlin!
- 📇 eXp Realty Marketing [For Agents]
- 📰 eXp Realty [News]
- 💻 eXp Realty Training [For Agents]
- 🛠️ eXp Realty Business Tools [For Agents]
- 📱 eXp Realty Support [For Agents]
📊 eXp Realty Commission Splits
If being treated reasonably is vital to you, you’ll appreciate the integrity in which eXp operates when it comes to commission splits. All eXp real estate agents are treated the same when it comes to commission splits regardless of their time with the company, sales volume, or other criteria.
There is an 80/20 commission split for eXp real estate agents is capped at $16,000 in commission. An agent pays 20% annually when they earn $80,000 in commissions. After reaching these commission caps, the agent keeps 100% of their commission after the risk management fee, transaction fee, and broker review fee.
If you live within the United States, you’ll pay $25 per transaction for a broker review fee. Canadian agents pay $29 per transaction. There is no cap on the broker review fee.
🏦 eXp Realty Stock Price
A public company since 2013, eXp Realty is committed to sharing the company’s equity with real estate agents. eXp Realty built the initial Agent Equity Award program with growth in mind and recently added a Sustainable Equity Plan to replace the Agent Equity Award program.
Those agents who are new to eXp Realty benefit from their first transaction with $200 in eXp World Holdings common stock. An agent receives $400 worth of stock once they reach their cap.
Once an agent is named an ICON Agent, the agent receives up to $16,000 worth of stock annually when eligible. After three years, agents earn $16,000 worth of stock, and that amount is considered vested.
Agents with eXp Realty benefit from attending the eXp Shareholder Summit and EXPCON by receiving $2,000 worth of stock for each event attended. There’s no vesting time for this benefit, and the maximum amount you can receive is $4,000 worth of stock.
One unique thing about the Sustainable Equity Plan is that eXp Realty offers an Equity Offset Repurchase program. The program lines up with the company’s dedication to remain sustainable and reward real estate agent with equity.
When you refer an agent to eXp Realty, you receive a commission on their sales. This commission is called a revenue share and is part of the eXp Realty Revenue Share Program. The best part of this revenue share is that eXp Realty pays the commission amount, it does not come from the agent.
There’s a tiered benefit when you help other real estate agents find their place for success within eXp Realty. Sharing the joy of working as an eXp Realty agent is easy when you genuinely believe in the positive benefits of being an eXp Realty real estate agent.
|Received for Each
❗ Imagine working within a dynamic culture that believes in supporting your career growth and financial goals. That’s the exact kind of environment you’ll be stepping into when you decide to become an eXp Realty real estate agent.
💬 eXp Realty Reviews
“Everything you need to become a successful agent is in the Cloud!” – Real Estate Agent
Each day you can log in to the cloud for training, support, mentoring, mastermind classes. This company figured it out and I am so glad to be a part of it.
“Best place I ever worked!” – Realtor®, Bellingham, WA
This is an amazing company to work with. Collaboration and support are off the charts. Training is top notch, and you have access to great agents. There is no compensation structure like it, and the opportunities to build here are exponential.
“Best in the industry. No better place to run your business.” – Realtor®, Granby, CT
I’ve been working at eXp Realty full-time for more than three years. The pros include the leadership, tech support, low cap 16K 80/20 split, revenue share that is out of this world, and stock rewards. No cons for me.
☁️ Cloud-Based Real Estate Brokerage
To embrace the power of working within a cloud-based real estate brokerage like eXp Realty, you’ll want to have a better understanding of what a cloud-based brokerage is and how it works. A cloud-based brokerage operates using virtual resources and provides their services with the help of the internet.
Central servers are used to connect remote real estate agents to company resources. Two of the advantages of this remote technology is the lower cost of operations and an increase in profitability for the agents.
How does eXp Realty differ from other cloud-based brokers? The core difference is that eXp Realty is A Cloud Based Brokerage. Real estate agents and brokers build teams, share experiences, and increase knowledge with the goal of creating success within their businesses.
🤝 eXp Realty Teams
An eXp Realty team is one that consists of one lead agent or team leader or one that has one or more licensed agents that work as team members with a teaming agreement. The terms of these agreements are to be mutually agreed upon and submitted in writing.
When it comes to commissions, all monies owed to outside sources is to paid first. The team divides the remaining commission, and individual agents pay any eXp Realty fees. Broker review fees, risk management fees, and capped transactions fees are transaction based.
Commission breakdown depends on several factors, including whether the team leader or team members are capped. Let’s take a look at two different examples.
Team Leader and Team Member Not Capped
Team Leader Capped and Team Member Not Capped
Because you are working within a cloud-based company, you are not limited by time or distance when it comes to building a successful team. Furthermore, you can collaborate with people across the United States and parts of Canada just as quickly as you can with people in your area.
💼 Agent Owned Real Estate Brokerage
When Glenn Sanford founded eXp Realty in 2009, he believed that real estate agents and brokers who did the major work in the real estate industry should be shareholders and receive income based on their level of contribution. Due to this belief, he established the first cloud-based brokerage.
Your voice is essential in the success of this agent owned real estate brokerage, and the Agent Advisory Council (AAC) represents the collective view of all agents. Comprised of 12 eXp Realty agents and brokers who are nominated, the Agent Advisory Council has members from different locations and production levels.
📓 eXp Realty Education
Some of the benefits of working within a cloud-based company include a campus that has no desk fees, no overhead costs, and no expensive leases. You can access information anywhere, anytime, and experience the freedom that comes from paperless transactions.
As an eXp Realty real estate agent, you receive more than 20 hours of training each week that is live. You’ll learn from experts in the industry and top producers about the power of social media and how to use it to your best advantage.
👉 Be an eXp Real Estate Agent
Moving over to eXp Realty was one of the best decisions I’ve made during my real estate career. The team atmosphere is impressive when it comes to receiving support, encouragement, and training. I would love to help you start your successful career with eXp Realty!
💡 12 TOP Reasons Broker Owners & Agents Join eXp Realty
The growth that eXp Realty is experiencing is a direct result of the incredible benefits offered to real estate agents and brokers who join. Once you join eXp Realty, you are not just a real estate agent who works within the company; you have the opportunity to be a stock owner in the company.
💡 Revenue Share Program
At eXp Realty, each real estate agent shares in the success of those they bring into the company. What an incredible way to help others grow their business!
💡 Education & Training
With the cloud-based campus available to all agents, education and training become manageable and more comfortable to fit into your busy schedule. You receive instruction from some of the top agents in the country!
💡 CRM & Lead Generation Help
From WordPress website builds to a lead generation program created with real estate agents in mind, you’ll have every chance to grow your business and succeed.
💡 Generous Commission Splits
The commission splits are not only plentiful, but they are also fair to each real estate agent. It doesn’t matter if you’ve been with the company five years or ten years, you have the same ability to receive impressive commissions.
💡 Advanced Technology Tools
You may spend extra money on tools to help manage your real estate business, but when you join eXp Realty, you have access to time and money saving tools such as SkySlope, eXp Enterprise, and Workplace by Facebook.
💡 Agent Benefits
Did you know that you have a chance to be an owner in this ever-growing real estate company by possessing stock? The Agent Advisory Council is there to be a voice for agents and brokers, which means that your thoughts count!
💡 Global Care Friendly
In a business world flooded with paperwork, eXp Realty is proud to support a paperless campus for learning and a platform for managing your business. From digitally signed documents to paperless training opportunities, you can lessen your global footprint with ease.
💡 Team Success Environment
If you’re excited about being around other real estate agents who are ready to help you succeed, eXp Realty is the perfect place to grow. Without limits on distance and time, you have a limitless collaborative force!
💡 Stock Awards & Repurchase Program
We mentioned that you could be an owner through the stocks awarded, and you don’t have to wait to reach an unrealistic level for that to happen. By sharing your love of eXp Realty, you can help others find their way to the company and receive stock. The Equity Offset Repurchase program is there when you want to use your stocks’ equity.
💡 Creative Marketing Tools
There’s no need to spend money on costly marketing tools when you have access to beautiful templates for everything from business cards to signs. Using these templates and the marketing training you receive as an eXp Realty real estate agent, you’ll be on your way to success!
💡 Collaborative Opportunities
Because we have real estate agents, brokers, and teams throughout the United States and Canada, you have the chance to work with a diverse group of people. Consider the fantastic referral opportunities at your fingertips!
💡 Events & Conferences
Attend the eXp Shareholder Summit or EXPCON to meet other real estate agents, stay current on real estate trends, and receive additional stocks. The team culture spills over into these and other events, so the energy is vibrant and inspiring.
🏆 eXp Realty ICON Agent Award
Earning the prestigious eXp Realty ICON Agent Award is within your reach! Once you join eXp Realty as a real estate agent, you are coming into an exciting and supportive team culture where you’ll be encouraged to succeed and reach milestones within your anniversary year.
Another cultural goal is to promote eXp Realty in your community. Production requirements include an annual commission income of a certain amount and a minimum number of closed transactions.
🤝 Join eXp Realty
📹 Why Real Estate Agents Switched to eXp Realty [Videos]
Why I left Keller Williams and Joined eXp Realty [Testimonial]
Here Is Why I Joined eXp Realty [Video Testimonial]
Brent Gove, Gene Frederick & Jay Kinder share why Agents should learn about eXp Realty.
🤔 Is eXp Realty Good for New Agents?
Choosing a career in real estate can be exciting, but it can also be stressful if you feel alone in a sea of competition. The best thing about joining eXp Realty as a new real estate agent is that you are not alone.
You enter a growing family of supportive team members, mentors, and other real estate agents who are cheering for you to succeed. Access to educational material, training classes, and live videos that can help you achieve your goals will be at your disposal.
✔️ Choose Regan Laughlin!
📇 eXp Realty Marketing [For Agents]
As a real estate agent, you know the power of marketing when it comes to a home’s listing. When it comes to the success of your real estate business, marketing is just as important.
You’ll have access to templates provided by eXp Realty that are there to help market your business. The models are easy to use and offer the flexibility to co-brand in a way that works best for your marketing goals.
📰 eXp Realty [News]
📰 May 2018, eXp Realty entered the NASDAQ exchange trading at a $1 billion market capitalization.
📰 December 2018, Dave Conord joined eXp Realty as the Senior Vice President of Growth.
📰 December 2018, CEO Glenn Sanford, who founded eXp Realty, reported that the company was in line with their goal to have 16,000 – 20,000 real estate agents within eXp Realty by the end of the year.
💻 eXp Realty Training [For Agents]
What if you could receive training from someone who was named one of Inman’s Top 50 Most Influential Online people? You can! The Director of Education for eXp Realty, Brad Anderson, holds that honor.
As if that wasn’t impressive enough, the Working the Magic Technology Team is full of educators who are at the top of their game when it comes to technology. They put together training for real estate agents and brokers that includes recorded classes and how-to videos.
Maybe you’re super busy this week and can’t attend a scheduled training. Don’t worry! We record training classes so you can watch them when you have the time.
You’ll have a chance to connect with your sponsor and mentor for training and attend the two annual conferences. The thing to remember is that you are not alone!
🛠️ eXp Realty Business Tools [For Agents]
There are beneficial tools available to all eXp Realty real estate agent that can help grow their businesses. Let’s take a closer look at the best tools and services offered.
📌 eXp Enterprise – Business Intelligence
This easy to use interface provides access to your agent details, commissions, cap status, and equity reports. You’ll receive real-time performance reports that are valuable when evaluating goals.
📌 SkySlope – Transaction Management
Wouldn’t it be great if there was a cloud-based tool that helped you manage your transactions efficiently? We have good news! SkySlope gives you the ability to review transactions from any device, sign paperwork digitally, and follow the entire process paperlessly. The system includes top-grade security features.
📌 Workplace by Facebook
Facebook is a great way to keep in touch with family and friends, so it makes sense that we took it to the next level for collaborations between eXp Realty agents! You can share important announcements, participate in discussions, communicate with your team, and go live with videos that are archived.
📌 CRM & Lead Generation
Because the founder of eXp Realty understood the importance of an effective CRM, you have the benefit of working with a powerful lead generation platform that costs you nothing extra! You can integrate listings on your WordPress website and use the in-house lead generation program.
📱 eXp Realty Support [For Agents]
We’ve mentioned that you’ll have a trained mentor dedicated to helping you succeed, but you’ll also have access to plenty of support options. There’s live support in the way of technical experts, finance experts, and eXp Realty service experts.
If you have questions about eXp Realty, I would love to answer those questions and provide you with more information on this incredible opportunity.