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!
eXp's Fee Structure.
$149 Once
A one time setup (includes your first month $35 + $50 fees)
$50 per month
Technology fee – includes Skyslope transaction management software, KVCore CRM, and eXp World.
$35 Month – eXp University Tuition
Includes 40+ hours of online training per week.
$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 $2,800 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 others while also receiving compensation.
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.
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If you are interested in learning more about joining EXP and getting free access to Zenlist and EXP Exclusives email me at john@gluchgroup.com
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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
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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.
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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
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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.
Why you shouldn’t join eXp just for the stock
Picking a real estate brokerage and picking a stock to invest in are two very different things. In this post, I explain why mixing the two, why picking your brokerage because of the stock opportunity can lead to some really terrible outcomes. Picking a brokerage used to be simple Picking a brokerage used to be simple
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