About eXp
eXp Realty is the fastest growing brokerage in the history of North America. A cloud-based brokerage born out of the 2008 housing recession, eXp has grown to be an enduring, technology driven company focused on providing value, support, and flexibility to the agents. Located in all of the USA, Canada, the UK, and Australia, eXp Realty eliminates the expensive, agent-paid-for, franchise-based brick and mortar model and replaced it with an agent-owned company whose sole purpose is to put agents first. Keep reading to learn about eXp Realty benefits from real eXp agents.
Successful Agents
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Earn More at eXp
Earn More at eXp: 80-100% Commissions and a Low $16,000 Cap. At eXp, there’s no productivity requirement to have a very lucrative 80/20 split – all agents start there and it only gets better! Plus there’s a super low $16,000 cap. After that, agents receive 100% commission, even if licensed in multiple states!
Agents at lower split brokerage or a higher cap (or no cap) could immediately and significantly boost their income just by switching to eXp Realty!
Anytime, Anywhere Training and Support
Some people call eXp a technology company that happens to be in the real estate industry. eXp World – our virtual training and support environment – gives eXp real estate agents the opportunity to take 50+ hours of LIVE training every single week. Each state also holds state-specific training weekly. Plus many of the classes are recorded and available any time to eXp agents.
There are 400+ staff members at eXp, all working for the agents and they are accessible in many ways: in eXp World, in WorkPlace, by email, and by phone. In eXp World, you can meet with your broker, support staff, tech support, legal assistance, and more!
Website, Lead Gen, Marketing, and More!
eXp Realty provides a powerful CRM tool called kvCORE. This normally costs $299 a month, but at eXp it’s included as part of eXp agent’s affordable – monthly cloud brokerage fee of $85! kvCORE gives agents a personalized website with listings from their local MLS, with free and paid lead generation tools, automated marketing, and management of prospects.
Use kvCORE to build and organize your contacts, manage leads, grow your sphere, and increase your transactions! It comes with text codes, email marketing, text marketing, integrated Google and Facebook ads, Making it Rain integration, a Craigslist plugin, a personalized home search app… the list goes on.
Mentors, Sponsors, and Teams
Mentor – New real estate agents at eXp Realty are assigned a local, experienced eXp agent as their mentor through the eXpand Mentorship Program. Their mentor is responsible for guiding new agents through at least their first 3 transactions. This is a fantastic program – and a must – for new agents.
Sponsor – Your sponsor is the eXp agent that influenced you the most to join eXp Realty. They can be any agent in the company from anywhere. Your sponsor, and their upline of sponsors, should support you in your growth as an agent. Learn more about the many benefits to partnering with us as your upline/sponsors.
Team – Teams are optional to join and are located all over and are structured in different ways. Some agents like to do their own thing, and some like to join or start a team. Usually there’s a team leader who generates client leads for the other team agents, who then close the transactions and split commission.
Equity Opportunites
Do you have stock options from your last brokerage? Probably not! Every agent at eXp Realty has the unique opportunity to earn EXPI stock shares in the company. This is allows agents to build wealth through equity, making them shareholders in this amazing company!
Agents earn stock on their first transactions and first transactions of sponsored agents. They can also opt in to using a portion of commission earnings to purchase EXPI stock at a discount. Qualified top producing ICON agents can also earn their entire cap back as stock!
Rev Share: Cash Flow Beyond Measure!
Agents at eXp Realty receive revenue share from productive agents they sponsor to the company (for 7 Tiers!). This is an awesome incentive to help grow the company and serves as a cash flow stream and eventual exit strategy! Revenue share doesn’t reduce agent commission and is paid by eXp. To understand this better, check out the calculator:
ICON Agent Recognition Program
eXp Realty celebrates all agents while highlighting those who achieve exceptional sales volume and exemplify our core values. We recognize their business acumen, integrity and cultural contributions by offering the opportunity to earn ICON Agent status. ICON status is reserved for those agents who meet or exceed the minimum production during their anniversary year and operate in alignment with our core values.
ICON Agents at eXp Realty have the opportunity to earn their entire cap back as EXPI stock. That means that if you are a rockstar agent, you could effectively pay NO commission each year! This is one of the least well known things about eXp Realty. Welcome to a better way to real estate.
Benefits for Broker/Owners
Broker owners can eliminate costs and risks by partnering with eXp! With over 75,000 helpful employees and collaborative agents ready to help you with your transactions, accounting, training, tech support, and more, eXp Realty can help you run your business so you can focus on growth! Some benefits include:
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Earning both commission split income AND revenue share income!
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Releasing contract routing, review, responsibility, and liability to eXp.
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Eliminating franchise fees, E&O insurance, and costs associated with a brick and mortar facility
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Access to 50+ hours a week of training for your agents
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kvCORE CRM, website, lead gen, marketing automation, and more provided by eXp to all your agents
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Continue to earn split commission by converting from a brokerage to a team brokered by eXp
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Earning more than previously possible by adding revenue share of your agents to your income stream
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Opportunity for you and your agents to become company shareholders and ICON agents