|  EXP Realty Info

Splits.

Solo Agent or Team Leader
$16,000 Annual Cap

20% of each commission goes to eXp until you have paid in a total (maximum) of $16,000 for the year. After that, 100% goes to you until you start a new anniversary year. Transaction fees still apply. Click here for a full explanation of fees

Team Members $8,000 Annual Cap
Mega Icon Team Members $4,000 Cap

Minimum 25% of each commission check must go to team leader. Ask if you qualify for Mega Icon Team.

Then after you cap, THROW A PARTY

Because after that you only pay…

  • $250 Transaction Fee at Closing (max $5000 per anniversary year, then it reduces to only $75 per closing for the rest of the anniversary year)
  • $25 Broker Review
  • $40 Risk Management (E&O) Fee ($500 max/year) for the remainder of that anniversary year!

Click here for a full explanation of fees.

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eXp's Fee Structure.

One-Time Cost:

$149 Once

A one time setup (includes your first month $35 + $50 fees)

Monthly:

$50 per month

Technology fee – includes Skyslope transaction management software, KVCore CRM, and eXp World. 

One-Time Cost:

$35 Month – eXp University Tuition

Includes 40+ hours of online training per week.

Per Transaction Costs:

$40 E&O Premium (max $500/yr)
$25 Broker Review

Revenue Share.

How Revenue Share Works

Some brokerages offer profit sharing to agents who sponsor agents into the brokerage. eXp offers revenue sharing which is based on commissions earned from selling real estate, not limited by the profitability of any particular market center. This makes a HUGE difference in the size of your revenue share check.

SINGLE AGENT REVENUE SHARE

eXp pays you 3.5% of the commission earned by any agent
you personally sponsor into the company from the
company’s portion (up to $2800 per year.)

MULTIPLE AGENT REVENUE SHARE

Agents also earn residual income from producing agents
sponsored into their overall group. For example, if you personally
sponsor 5 producing agents into the company, and they sponsor
their own producing agents, you can earn up to $3,200 annually
for each of those other agents, which represents up to 4% of the
gross commission, with no limits up to 7 levels deep.

eXp Stock.

eXp Realty is a publicly traded company (Symbol EXPI). and is listed with the NASDAQ. Stocks go up. Stocks go down. No guarantees or promises of performance are made here. But how much stock you getting with your current brokerage??

Agents can earn or purchase shares in several ways:

AT NO COST (“Awarded Shares”):
$200 in stock awarded for the first transaction of your anniversary year
$400 in stock to any agent or broker who caps (pays a full $16,000 over the year to eXp)
$400 in stock for each agent you sponsor into the company upon that agent’s FIRST closing.

There is a 3 year vesting period before awarded (vs. purchased) shares “vest” or belong to the agent. This encourages stability by giving agents an incentive to stay with eXp in order to benefit from the Equity Awards program.

AT REDUCED COST (“Purchased Shares”):
Agents may elect to have 5% of each commission (after splits and fees) invested in shares of the company at a 10% discount to Fair Market Value. In doing so, you are effectively “dollar cost averaging” by buying when the stock is at different prices. This helps you avoid buying a lot of shares at an all-time high for example.

AGENT ICON PROGRAM:
Top agents who meet certain production goals, are influencers in the real estate community, and attend the two major eXp events of the year can earn the icon designation whereby their entire $16,000 cap is given back to them in the form of shares of the company. In this case, 25% of the shares vest immediately, and the other 75% vest in the usual 3 year time period.

Mentorship Program.

Experienced agents may choose to become certified as mentors, giving a helping hand to new agents in the company. New agents are required to use the mentor program for their first few transactions and give 10% of their commission on those deals to their mentor. This provides an excellent opportunity for agents to leverage their experience to help other while also receiving compensation.a

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How to Choose a Sponsor at eXp?

One of my favorite things about working at eXp is the revenue sharing. You get a little piece of what eXp gets paid. This creates an environment where all of the agents work their hardest to prove that they’re adding value to the company, and it encourages a culture of giving back.

I love this.

The Good, the Bad, and the Ugly of My First 90 Days at eXp Realty

About 90 days ago I made a big switch. I brought my whole team, 16 people, a couple million dollars in commissions, and lots of listings, over to eXp Realty. Now that I’ve had a bit of time to reflect, I’m going to share the good, the bad, and the ugly from my first 90 days there.

EXP Realty Agent Fees Explained And A Helpful Calculator

The costs and fee structure at eXp can be a somewhat overwhelming, so here is a quick video explanation on how it all works. Included is a handy Revenue Calculator to follow along with the video!

Don’t make this mistake! How waiting to join eXp cost me $600,000

If you’ve been waiting to join eXp, I have one suggestion for you: join now. You’re losing money. In this post, I have a cautionary tale to tell. I’m going to share with you what it cost me when I waited a year to join eXp. If I can save you even a tenth of what I lost, I’ll have done my job here. So, here we go. This is why it cost me $600,000 by not joining eXp when I should have.

Beware of Joining eXp

I’m going to be honest. For some people, joining eXp can be a disaster. It can go really, terribly wrong. But it can also go really terribly right. In this post, I’m going to cover the two things that really matter when you’re joining eXp that make the difference between having a great time and a terrible one.

A year in review, my first year at exp (with actual numbers and results)

2021 was an incredible year for us at the Gluch Group. It was a hockey stick year. I’ve only had this one other time in my career. In this post, I’m going to share with you what caused these amazing hockey stick moments in my career. Before we dig in, below you can check out the two moments. One was when I joined Proctor coaching and the other was last year when I joined eXp.

The minimum commission EXP Realty will allow you to charge for friends, family, personal and flips

Maybe you are a house flipper or sell your own rental properties from time to time, and you’re wondering what the minimum commissions you can charge are at eXp. Here is a quick video cutting through the noise on what that looks like at eXp!

Moving to EXP! Interview with Curtis Chism

Curtis Chism Joins EXP! Check out the full interview. If you have questions about joining our team, or anything real estate or EXP related give me a shout!

Moving to EXP! Interview with Jacob Preciado

Jacob Preciado Joins EXP! Check out the full interview. If you have questions about joining our team, or anything real estate or EXP related give me a shout!

How does revenue share work at EXP?

Let’s take a look at how revenue share works at eXp. Now, this is all a simplification, but it’s a great jumping off point to learning more about eXp.

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