Eight Secrets About eXp Realty
I confess, they aren’t really secrets, but they are often things about the business model that are misunderstood. There may be some things about eXp Realty that you might not know. But first, let me ask you a question…what things would have to be true three years from now for you to say that joining exp Realty was the best business decision you ever made? These are eight secrets about eXp Realty that confirm that joining was the best business decision Karen and I ever made.
In our opinion, eXp Realty is the best place to grow your business exponentially because it has the tools, systems and business model to set you free financially. Have you ever wondered how you could get off of the hamster wheel of always looking for the next transaction?
eXp Realty is a Profitable Real Estate Company
Incidentally, eXp Realty has grown like no other brokerage in history. After 11 years of being in business, Re/Max grew to 5,000 agents. Keller Williams grew to 5,000 agents in its first 10 years. eXp Realty grew to 23,000 agents on it’s 10 year anniversary. Today we have more than 88,000 agents and operate in 23 countries.
Not to mention that eXp Realty has been in the top five profitable companies for several years. It was the only profitable national real estate company in the first quarter of 2023, after the correction in the real estate market. We were the number 1 independent brokerage based on transactions in 2019, and 2nd for volume in 2018 and 2019, as reported by REALTRENDS. Successful agents are coming to eXp Realty, and here are several reasons why so many agents are making the move.
eXp Realty is not just made up of a lot of recruiters, as some people have criticized. We are a massively profitable company, made up of many successful agents.
1. eXp Realty has a powerful internet lead generating system that allows you to easily attract the kind of buyers and sellers you want to work with…and it is included in the tech fee ($85 a month!) The most common problem for real estate agents is getting enough leads. Every US based eXp agent gets a lead generation program called KV Core. Agents get all the training for using it. It can be customized, and it has a plugin for WordPress websites.
The usual cost of KV Core is $500 a month, plus the $1000 set up fee. KV Core not only captures the lead, it nurtures the relationship, which leads to higher conversions.
eXp Realty Has the Training
2. eXp has over 60 hours of training each week. The training is offered by experts in the technologies we use, and by successful agents who share their own business secrets. There is an exhaustive list of classes, including all kinds of business-building techniques and practices. We have taken classes in content creation, video, how to hold a successful open house, scripts and dialogues, handling objections…there is something for every single agent.
eXp has a mentorship program. If you are a new agent, mentorship is the best way to learn the business. Chris Highland is certified mentor with eXp.
3. There are multiple ways of making money at eXp Realty, aside from simply working with buyers and sellers.
- We have a commercial division, and training is available to residential agents to work with commercial agents and they can take a five-day certification to become a commercial agent. More networking, more control, more scale, more learning, more earning.
- We have a platform called Express Offers, which is similar to iBuyer. It allows agents to prospect more, and serve customers who are looking for more volume.
- We have an REO division, and allows agents to work closely with lending institutions. Agents get training and have a support team to help close that business.
- We have a relocation affinity program, allowing agents to build relationships with companies in their area, gaining from that process, which is often not available.
- eXp Realty has a robust marketing and branding resource center.
4. Technology is disrupting the real estate industry, and eXp is leading the way. Our virtual world, Virbela, a 3-D environment, is a game-changer. Agents can skip emails and missed phone calls, and go into the office in the cloud campus and directly meet with whoever they need to talk to to solve a problem get an answer, or collaborate.
eXp Cares About Wellness
5. It has been said, eXp Realty is a self-development company cleverly disguised as a real estate company. eXp offers health care, self-development classes and countless wellness groups, We own Success Magazine and every agent gets a copy.
6. Global Reach within a single brokerage is another game changer. As we open in more countries, it expands our ability to connect with international buyers and agents. It opens more opportunities for agents to grow their revenue share organizations worldwide!
7. eXp offers the only Revolutionary Revenue share model so agents can build a life of time and money freedom. This is the way to live your life by design, live the life that you dream…and get off the hamster wheel!
Hamster Wheel: get the listing, sell the listing, spend the money. Repeat.
Stock and Revenue share are the BEST ways to build the time and money freedom that gets us off the wheel. the passive income from revenue share is the secret to freedom for eXp agents who participate. *See Disclaimer at the bottom of the page.
8. And finally, the stock awards and discount purchases at eXp Realty are another stream of income for agents. Imagine, instead of getting a paper certificate in a cheap plastic frame from your broker in recognition of your production…what if you got stock in the company?! What it truly is…a piece of the pie!
Icon agents have an even sweeter reward…they receive their entire $16,000 cap back in company stock.
The eXp Realty Standard Costs
Disclaimer *Revenue Share and Stock is not guaranteed, it is based on your efforts. Participants who are sharing the eXp opportunity with prospective agents are asked to include the information on this web page including the disclaimer below that provides context for earning income with exp Realty:
“These figures are not a guarantee, representation or projection of earnings or profits you can or should expect. They also do not include expenses incurred by Agents in operating their businesses. eXp Realty makes no guarantee of financial success. Success with exp Realty results only from successful sales efforts, which require hard work, diligence, skill, persistence, competence, and leadership. Your success will depend upon how well you exercise these qualities.”
Read more about joining eXp Realty.