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!
