The Future of Real Estate
The Future of Real Estate
How Agents Are Building Their Business at eXp Realty
Because eXp Realty is Agent-Centric
Because eXp Realty is Agent-Centric
Because eXp Realty Functions in A Cloud Office
Technology and electronic commerce has had an immense impact on the real estate industry. Our cloud-based platform provides
A cloud office environment allows agents coast to coast, to come together to collaborate in many ways
eXp Realty agents and brokers are working together to build businesses:
Our Values Include Collaboration and Learning Together
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eXp Realty’s revenue sharing program is a unique feature that differentiates it from traditional real estate brokerages. It is a part of the overall compensation structure of eXp. Since it is not common for a real estate brokerage to offer a part of the company’s revenue to the agents, most agents who are considering brokerage options don’t know how to fit it into their analysis.
While not every agent takes part in revenue sharing, it is one of the many ways that agents can create income at eXp Realty. It is available to agents who help grow the company by attracting other agents and sponsoring them when they join the company. Here’s a comprehensive look at how it works, including details about commission splits and caps:
It’s important to note that revenue share is paid out of the company’s revenue, not the agent’s commission.
Revenue share is an ingenious way to grow a company. It’s designed to create a sense of community and financial incentive for agents to help grow the company. It makes every bit of sense to me that if an agent brings someone into a company, the agent should benefit, and more than just a Starbucks card or even a $100 bonus.
When writing an analysis of brokerages, it is important to create an additional column for revenue share and stock awards as compensation. Even though agents often don’t think of themselves as “recruiters”, it is not beyond the realm of possibilities to “attract” an agent friend or two to your company, especially when they hear about your stock awards for doing what you normally do anyway. Attracting just one producing agent will pay for being here.
If you sponsor two agents who cap, paying $16,000 into the company, you get 3.5% of each $16,000. That is $1120, which pays your fees for the year. That’s just the beginning, because every sponsorship keeps growing your revenue share. Everyone those agents sponsor, and on down to the 7th level.
Make Bold Moves! Learn more about eXp Realty.
#* As of November 9, 2023.
At a time when most companies are cutting and slashing and tightening their belts, eXp Realty has just made a generous change to the revenue sharing calculation. On June 30th, eXp announced that for the first time, it is refining revenue share criteria for its agents. Continue Reading
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… Continue Reading
As a 30+ year veteran of the real estate industry, an associate broker, manager, and mentor to new agents, I often get asked about what skills real estate agents should focus on developing. Even though technologies add regularly to our list of must-have skills, there are still some basic qualities that are crucial for success… Continue Reading
More News from eXp Realty Military Rewards Program eXp Honor military Rewards, affiliated with eXp Revenos, is a military moving services programto better serve active duty and veteran armed forces members and their families. It offers savings and resources to simplify a military move. In addition to helping military families buy and sell homes, eXp… Continue Reading
The revenue sharing aspect of the eXp Realty business model has drawn a lot of attention, both positive and negative. Critics have been pointing out what they deem as weaknesses in the business model. There is admittedly, a lot of misunderstanding surround this particular pillar of the compensation model at eXp. It certainly is something… Continue Reading
eXp Realty has an amazing award for top producing agents…and it’s not a paper certificate, or even an engraved plaque! It’s worth eminently more. It is worth potential tens of thousands of dollars. This award is called the ICON Award. The eXp Realty ICON Agent Award currently provides each qualified ICON agent with up to… Continue Reading
THIS JUST IN! eXp Realty Dominates In 2022 Industry Rankings eXp Realty gained considerable recognition for our record results, rapid growth and strong leadership in 2022. In a year where real estate sales was disrupted by rising interest rates, decreased sales volume and terribly low inventory, most real estate companies experienced contraction…fewer sales, less revenue,… Continue Reading
Growth for eXp Realty in 2022 As of the end of December 2022, eXp Realty is operating in 24 countries with 86,000 agents around the world. The latest market to open was Dubai in December 2022. eXp Realty operates in United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico,… Continue Reading
Building a Real Estate Business Many real estate agents learn to sell real estate in a transactional mindset, vs. a relational mindset. The difference between the two, is probably evident in the terms. A relational model of business means that agents build a personal relationship with each client. The hope is that the relationship leads… Continue Reading
Why Join eXp Realty?
We do things differently, and we offer much more.
At eXp Realty, our family of agents and brokers build their own businesses. They work, attend classes, strategize, collaborate, innovate, enjoy water-cooler chats, build teams, build unity and share experiences inside of our Cloud Office Environment.
Together, we’re leveraging Systems and Tools in order to grow an agent and broker-owned international, publicly-traded company.
eXp Realty agents and brokers are working together to build businesses, build and enhance brands, increase profitability, reduce overhead and risk, and achieve bold career and life goals, all while establishing a direct ownership interest in eXp Realty International Corporation as a shareholder and partner.
Here's a perspective from one of the top agents in the country:
“We live in a world of disruption. Companies like Uber and Airbnb are challenging the status quo of some of the most tried and true industries with their unique platforms. eXp’s “cloud-based” real estate brokerage model brings this disruption to the traditional concept of the Real Estate Brokerage by changing how real estate agents are compensated and supported.When you remove the cost of locally owned offices, regional management, and national corporate overhead from the brokerage model it allows that revenue to flow back to you – the agents that created the revenue in the first place.You are probably perfectly happy with your current company. That’s what we all said before we joined eXp Realty. You owe it to yourself and your family to be open-minded enough to examine this opportunity. Then you can decide what’s best for you – but at least you’ll be informed.”~ Jay
About Chris Highland
Chris Highland is the former broker, now an Associate Broker and Branch Office Manager with eXp Realty in Maryland. While he was the broker, he established eXp Realty in Maryland, and oversaw the growth of the company from 30 to over 300 agents. Currently with over 1500 agents, we've come a long way!
Chris has over 30 years of experience in residential real estate sales in Central Maryland. Connect with Chris on LinkedIn, Twitter, or Facebook. He is happy to answer any questions about eXp Realty. 301-401-5119. Chris Highland is an independent contractor of eXp Realty and this is not an official release of eXp Realty, its parent eXp World Holdings, Inc. or any related subsidiary.
Lisa Lowe, Broker - 888-860-7369