eXp Realty is sweeping the nation - as the #1 Agent-Owned, Cloud-Based, Real Estate Brokerage in the World. The reasons why you should take a look at eXp are listed below.
eXp offers agents competitive splits and fees, tons of weekly live training that you can attend from anywhere, and support through our cloud-based 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 via 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.
At eXp Realty, all agents are given access to a massive lead generation platform called kvCORE. kvCORE is an all-in-one solution which gives agents their own lead generating website and back-end CRM database. Used together, this system helps agents generate leads from a variety of sources both online and with traditional methods.
The powerful CRM system allows agents to manage an extremely large database of leads with daily reminders and tasks and calls lists. Some of the features of the kvCORE CRM include smart email drip campaigns, texting straight from the system, and the ability to create landing and squeeze pages to support lead generation by even the least tech-savvy of agents.
eXp Realty offers 60+ hours of LIVE training every week. This training can be accessed anywhere you have internet access via our Cloud Campus called eXp World. Training ranges from building your Real Estate Business, Lead Generation, Contract Training by State, scripts and dialogues, Social Media Management, video and blogging, and much MUCH more...
Training classes are taught by ICON agents from all over the country. ICON agents are the best eXp agents, associate brokers, and team leaders that have reached a certain production level. The quality of training that exists within eXp is like no other company!
Much of the training is also available offline via our eXp University. Taking it LIVE enables you to ask direct questions - otherwise, you can watch a delayed version to get the information on your schedule.
Agents are supported by over 500 US and Canada based support staff 11 hours a day within our cloud office. Staff ranges from transaction management, agent concierge, tech support, accounting, HR, team support, on-boarding support, plus many other departments...
At eXp Realty, all agents have an enterprise dashboard that shows current and closed transaction details, cap and fees paid to date, and revenue share and stock earned. You'll know exactly where you stand related to your cap, how much income you've earned for the month and year, and how many agents have joined your revenue sharing organization.
It always good to know EXACTLY where you stand at all times. It's your business, you deserve to know this information. It's just a click away.
There are many tools eXp gives to agents to collaborate, share referrals, and help one another. Workplace by Facebook is one of the most widely used by eXp agents.
This community looks and feels like regular Facebook, however, it's only eXp agents, partners, leadership, and staff that have access. In Workplace, you'll find groups, referral networks, and a directory of everyone within the company that you can message immediately. Just as Facebook has made communication much easier across the world, Workplace by Facebook makes a large company, like eXp, feel more connected.
My first listing came from a lead I found on Workplace. An agent in New Hampshire needed a trusted eXp Agent to help her sister list her home. We were under contract in 3 weeks at 99% of the list price. And everyone walked away happy!
eXp Realty gives their 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 agents who help 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, 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.
For more information on Revenue Share, check out our calculator.
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. In fact, the stock does not need to "vest" but is immediately available to sell.
Next, agents can also be awarded free shares of eXp Realty stock for doing things they would normally in real estate. 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.
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. After this, the monthly fee is $85 and includes your kvCORE website, CRM and all of the eXp education.
The split is 80/20 with a $16,000 cap. After an agent-caps, they go to 100% 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.
For more detailed information on eXp Realty, download my Why Join eXp Realty? guide or watch my Why Join eXp Presentation.
Wait - did I mention we have HEALTHCARE? Yes! We have healthcare at a fraction of the cost of the ACA. You will be amazed at how well eXp takes care of their Agents!
Did I mention that we are expanding INTERNATIONALLY? We now have offices in Mexico, UK, Australia, South America, India... etc. etc.
Ask me questions! Happy to share my experience!
Nothing spoils a family gathering faster than an emergency visit from a plumber. The Friday after Thanksgiving sees a 50% increase in service calls. Make sure your home is Holiday-Ready this year with our tips.
Do not put the following into your garbage disposal:
1. Meat, poultry skin, or bones
2. Fibrous foods like celery, and potato peels
3. Fats and oils might solidify
4. Pasta and rice may expand in pipes
1. Clean the Trap - remove the filter located under the bottom rack of your dishwasher. Hand wash in warm, soapy water and rinse thoroughly. Make sure all pieces are securely "locked" in place.
2. Clean the seal - this is the rubber gasket around the door of your dishwasher. Use a soft, damp towel to wipe away the gunk around the edges. Wipe down the interior walls of the dishwasher, and clean around the soap door.
3. Deodorize - to help loosen and clean out old food particles, pour a cup of white vinegar into the bottom of your empty dishwasher and run it on a "normal" cycle.
4. Don't overload - let water and detergent move freely about your dishwasher.
1. Use an oven-safe thermometer on the center rack of your oven and preheat your oven to 350 degrees.
2. Heat your oven for 20 minutes.
3. Take a temperature reading.
4. Continue to take readings every 20 minutes for the next two hours. Find the average temp by adding all readings together - divide the total number by the number of readings you took.
Your average should be around the original temperature you set - 3,500 (sum of numbers from readings) / 10 (number of readings taken) = 350°F. If your oven's average temperature is incorrect after you test it, adjust the oven dial to match the internal temperature.
1. Ask your guests not to flush cotton balls, cotton swabs, or any make-up or scrub pads down the toilet as they do not dissolve.
2. Give your drain time to do its job - space out shower time between your overnight guests.
1. Remove the racks and soak them in dish washing liquid for two hours. Then scrub, rinse, and dry.
2. While you let your oven racks soak, you can easily make a cleaning paste by mixing a few spoonfuls of baking soda with water in a bowl.
3. Spread the paste inside the oven and let it sit overnight. The paste will turn brown overnight.
4. After the paste sits overnight, use a wet rag to wipe out a majority of the paste. Spray vinegar over the leftover paste residue. Vinegar will react with the baking soda by fizzing and loosening debris to make it easier to remove. This paste can also be used to remove stains from your oven window. Use a wet rag to wipe it all away.
5. Once the inside of the oven has been wiped down, turn your oven on to a low temp setting. Heat your oven for about 20 minutes and allow it to dry.
Whether you’re buying or selling a home, it’s important to know if the market is in your favor. Knowing the difference could mean how much you make—or spend—when it comes to home-ownership.
So, what is a seller's market? While a buyer’s market is great for those who are looking to buy a home, it’s not always good for sellers. If you’re considering selling your home, try to make sure you know what a seller’s market is, how to know if you’re in it and what to do if you aren’t.
A seller’s market refers to more buyers looking for homes than available homes for sale. Demand outweighs supply, which can drive up the price of a home that’s for sale—especially if many buyers are interested in one property.
If you’re selling your home, being in a seller’s market means you could stand to see the price of your home increase. You may have many potential buyers looking to buy your home, and that could mean it goes to the highest offer.
This isn’t a great deal for buyers. Fewer homes for sale means the cost of the houses that are on the market could go up. If you don’t have the extra cash to afford a home at a higher cost, you could miss out on buying a home you like and can afford.
For home sellers, being in a seller’s market is good for your bank account. The higher the demand for your home, the more you’ll be able to earn from the sale of your home.
If you’re buying a home, a seller’s market won’t be good for you. If you’re selling a home, a buyer’s market isn’t your friend. Here’s the difference between a seller’s market and a buyer’s market:
For sellers who want to earn the most, you’ll need to act soon. Once enough homeowners catch on to a seller’s market, it means it could get saturated fast. Here are some things you can do that may be able to help.
If you’re on the hunt for a home, you might not be in the best position to buy when it’s a seller’s market. But there are some things you can do to try and prepare yourself for it.
While a buyer’s market is great for potential homeowners, it’s not good for current homeowners who are looking to sell their homes. Luckily, the market can shift and go from a buyer’s market to a seller’s market faster than you think. But keep in mind, it can also shift back just as fast.
For sellers, if you can - wait until the market is in your favor to list your home. The best time to sell is when you’re set to earn more than you paid and more than market value. If you can stay put for a while, you should.
Disclaimer: The above is solely intended for informational purposes and in no way constitutes legal or real estate advice or specific recommendations.
If you’re looking to refinance your home or possibly sell, you’ll need a killer appraisal. A bank will not refinance a home for more than it is worth, and a potential buyer will not pay more than the recognized value of the home.
Here are 5 simple steps for a better home appraisal.
Tidy your space
Make sure your yard looks well-groomed and the interior of your home is clean clutter-free. It is well worth the investment to have the home professionally cleaned and have your yard serviced.
Invest in the right types of renovations
Kitchens and bathrooms are the best types of renovations. They will typically provide 80% ROI. High-efficiency appliances and upgrades that improve the overall efficiency of the home are well worth the investment.
Document your upgrades
Provide the appraiser with a list and documentation of all upgrades, renovations, and improvements to the home.
Do your homework
Research and provide your own comparable valuations for similar properties in the area. Note your tone. You don’t want to come off as defensive but rather helpful.
During the actual appointment -- Be available but not in the way
Be present to assist with the process but don’t be the appraiser’s shadow. You want to appear helpful, not nervous that he’ll find something wrong!
Appraisals can be helpful in increasing the sale of your home or assisting in refinancing your mortgage. Use these tips and you’ll get a better value for your home.
For most of us, our bedroom is little more than a place to sleep and relax. However, just because it’s always been that way doesn’t mean that we have to settle for drab and dreary.
One trend that’s gaining steam these days is converting your current bedroom into a luxury suite (or something comparable). If you want to live like you’re renting a room at the Ritz, then you want to follow these tips.
Compartmentalize Your Activities Making your bedroom more functional is going to make it more luxurious. Add a gorgeous desk for working and a TV area for entertainment, and you’ll be living it up in no time.
Make it Chic Choose a color palette that is both luxurious and classy. Silver and gold can seem tacky, so choose muted shades that compliment each other.
Also, a brilliant and commanding headboard can instantly upgrade the look of your room without any other changes.
Light it Properly Finally, make sure that you have the right light to show off your designs. If it’s too washed out or yellow, then it will look drab and run down. Switch to brilliant LEDs and see the difference.
Choose Your Accents Wisely We already mentioned a headboard, but some elegant drapes can also make your room feel more royal. Being strategic with your furniture accessories is going to both keep you under budget and avoid doing too much with the space.
Are you ready to lux your bedroom? You’ll be impressed by the results, and the feeling of decadence will make you more confident in your surroundings.
Of course, one of the dirtiest objects in anyone’s home is the toilet. But, that’s not the only place where dirt and germs accumulate. Here are five other dirty places and suggestions for cleaning them.
