Why Join eXp Realty? Let’s Get to Know eXp
At eXp, we are on a mission to change lives as the most people-centered brokerage on the planet. What does this mean for you? At the heart of eXp Realty lies our core values – they are the beliefs that support our vision and shape our culture — both professionally and personally. I have been at several other brokerages who promote similar values but never found them to be present among the real company culture. eXp puts their money where their mouth is and incentivizes agents financially through RevShare Program (explained below) and through their stock programs when agents promote our core values through cultural offerings. You will never find so much access to top agents around the US and around the world as you have at eXp.
Join Now: YOU MUST Find me and add me as your Sponsor to receive all the additional benefits!!!
Compensation: exp’s Unique financial model with various opportunities to make and earn income.
● No franchise fees, No desk fees, No royalty fees.
● Generous commissions (80/20 split with $16K cap)
● Revenue Share program for attracting agents to eXp
● Equity awards for meeting production goals
Community: Community means more than just a place to hang your license.
● Cloud-based collaboration suite allows agents to connect, share and network
● ICON Achiever Program
● Partner community with access to professional services, listing services, and client
services
● Mentorship programs
Cloud-based Brokerage Model: Anywhere, Anytime
● The first global brokerage to shift from brick-and-mortar to cloud-based
● Work from anywhere using eXp’s state-of-art technology, a virtual campus with an
immersive platform connecting all agents globally
● Productivity suite with collaboration tools, co-working, CRM, lead share/lead gen,
referral, and over 50+ hours of weekly live education and events. KvCore is free to agents ($500 per month savings to agents!)
Sustainable Equity Plan
● Earn shares on your first transaction
● Earn shares when you fully cap
● Earn shares when an agent you sponsor closes on their first transaction
ICON Agent Award
● Up to $16,000 in stock upon the achievement of certain production and cultural
goals within your anniversary year
Agent Equity Program
● Agents can earn equity in NASDAQ:EXPI by enrolling to be paid 5% of every
transaction commission in stock purchased at a 5% discount
LET’S TALK MONEY
Personal Deals
At eXp Realty, agents can complete three personal transactions per year without paying the 20 percent split to eXp Realty.
Agents are only responsible for paying a $250 transaction fee, a $60 risk management fee, and a $25 broker review fee for the personal deal.
Commission Structure:
Agent Split is 80% to the Agent, then 20% to eXp until CAP is reached.
Agent CAPS when the Brokerage has reached $16,000 paid company dollars from their 20% split. This is typically around $2.7m-$3.2m in Sales Volume. If you are on my team, there is an $8,000 CAP to eXp.
After reaching the commission split cap, agents keep 100% of commission on all transactions for the remainder of their specific anniversary year (based on join date).
Once CAPPED, the agent pays $250 capped transaction fee per transaction until $5,000 is reached. The exception to this is if the commission is less than $1000 GCI.
Once capped, transaction fees total $5,000, the capped transaction fee is reduced to $75.
There is a $60 per transaction risk fee which caps at $750. This covers your E&O Insurance.
There is a $25 per transaction fee for review.
Not On Chart:
One Time Setup Fee: $149
$85 Per Month Cloud Brokerage Fee
Earn BACK your CAP!
Up to $16,000 in stock upon the achievement of certain production and cultural goals within your anniversary year
Additional Income When You Are an eXp Agent:
Make More Money!
RevShare
$75 Per Home Warranty
$$ Utilities Connect
Be A Mentor
Leads through Revenos, a constantly growing market leading division providing buyer and seller opportunities to eXp agents.
Relocation- We match local eXp agents to corporate transferee clients. Earn your eXp Relocation certification to qualify.
Affinity- We offer real estate, moving services and eXp agent expertise to employee or membership benefit programs. Earn your eXp Affinity certification to qualify.
Bundle Select- Bundle Select empowers eXp agents to provide bundled real estate services directly to corporations, saving employees on transaction fees, with you [eXp agent] managing corporate relationships.
Making It Rain- We leverage the power of digital ads for eXp agents of all levels of expertise to build a client database that keeps on giving. Take the courses to begin.
ExpressOffers- We provide a marketplace of iBuyers that allows eXp Agents to connect sellers to institutional buyers who buy in CASH in a short time frame providing more convenient options to sellers. Earn you ExpressOffers Certification to qualify.
REO- We assign eXp agents to manage and list bank-owned properties. Earn your eXp REO certification to qualify.
Honor Military Rewards- We work with active duty, veterans and retired service members from our US armed forces by helping them with all their real estate needs. Earn your eXp Relocation certification to qualify.
What is eXp RevShare?
The Revenue Share System of eXp Realty Is Explained (With Chart)
When agents join eXp Realty, one of the things they are most excited about is the revenue share program. At its heart, this program allows agents to sponsor fellow agents and earn revenue from the commissions earned by the agents they sponsor.
Understand that the “Revenue Share Program” operates from the commission split that goes to eXp, NOT from an agent’s commission. In other words, the split at eXp is 80/20–80% goes to the agent and 20% goes to the brokerage. Revenue share is taken from the brokerage’s split of 20%, not the agent’s split of 80%.
The Revenue Share Basics
There are seven tiers to eXp Realty’s revenue share program. It can sound complicated at first, but it’s not too hard to figure out. Here’s an outline:
Say Jaime sponsored
Betty (Betty is on Jaime’s 1st tier), who sponsored
Lauren (Lauren is on Jaime’s 2nd tier), who sponsored
Dee (Dee is on Jaime’s 3rd tier), who sponsored
Tony (Tony is on Jaime’s 4th tier), who sponsored
Tyler (Tyler is on Jaime’s 5th tier, who sponsored
Franco (Franco is on Jaime’s 6th tier)
These are the seven levels, starting with Jaime on level one. Each sponsor receives a portion of the commission from the production of the agent they initially sponsored as well as the agents that those agents sponsored. The amount of revenue share varies depending on the tier each agent falls under. See the eXp revenue share chart breakdown below.
FOR EACH TIER 1 THAT CAPS, THAT’S $2,800 IN YOUR POCKET!
What Does this mean?
2 Agents per year over 5 years creates up to $28,000 per year in revenue.
2 Agents per year over 5 years who all bring on 1 Agent creates up to $44,000 per year in revenue.
4 Agents per year over 5 years creates up to $56,000 in revenue.
4 Agents per year over 5 years who all bring one Agent creates up to $92,000 in revenue.
6 Agents per year over 5 years creates up to $84,000 in revenue.
6 Agents per year over 5 years who all bring on 1 Agent creates up to $180,0000 in revenue.
NOTE:
FLQA= To qualify for FLQA an eXp agent must produce a minimum of $5,000 GCI from qualifying transactions for the past 6 months (based on the actual close date).
You always get the eXpansion Share % even if you don’t have the FLQA. If you meet the FLQA requirements, you get both the eXpansion Share and the eXponential Share. So everyone in Tier 1 gets the 3.5%. If you have 5-9 FLQAs, you receive 4% for Tier 2 of AGCI.
Still Need Help Understanding? Let’s Break it Down Further!
FLQA Explained
Now one of the questions you will have is “What is the difference between the eXpansion Share % of AGCI and eXponential Share % of AGCI?” Ultimately, you’re going to add these two percentages together to get the total percentage you’ll earn. But that’s not a reality for every agent out there and here is why.
To explain it appropriately, we need to introduce the column on the far right (Front Line Qualifying Agent Count Needed). This column breaks down the number of FLQAs (Front Line Qualifying Agents) needed. An agent becomes an FLQA when they complete 2 full transactions or earn $5,000 in Gross Commission Income in a six-month period.
Every single agent sponsor starts out receiving revenue share from the “eXpansion Share %” (column on the left with the smaller percentages). That means that you are guaranteed the eXpansion Share percentage on each agent on every tier for up to 7 tiers. However, the eXponential Share % is something that is earned and unlocked as you sponsor the number of FLQAs specified to unlock each tier on the right-hand column.
An Example Downline
On this chart, you can see how the share program breaks down for an individual. Jaime sponsors 6 agents on his Tier 1 (AKA: Personals, Level 1). Since they are all on his Tier 1, he will earn 3.5% on each of them.
Let’s look at what happens if Betty sells a $500,000 home for 3% commission. Jaime will earn $420 on that transaction.*
Now, let’s add more levels to the mix for full comprehension. Let’s say Betty & Tyler each sponsor an agent (which means those agents are Tier 2 for Jaime). Let’s also assume that all of Jaime’s agents met the criteria to be FLQAs. This now means that Jaime will receive 3.5% on all of his Tier 1 AND he will receive 4% on all of the production for his Tier 2 (Betty’s friend and Tyler’s friend).
So if Betty’s friend makes a $500,000 sale, you can see that Betty will get her 3.5% revenue share and Jaime will get his 4%.*
Is it making sense now? I hope so! No one explained this to me, so I had to learn this the hard way. I hope you can avoid the same confusion after reading this article.
So, let’s do one last example doing everything almost the same. This time, let’s assume that Jaime only has 2 FLQAs. He has 6 agents total on his Tier 1, but not all of them qualify for the FLQA status.
Now see what happens when Betty’s friend makes her sale. The same $500,000 sale is now worth $30 to Jaime…he misses out on the other $570 because he is getting the eXpansion Share percent instead of the eXponential Share percent.* That’s a big difference, right?
The Revenue Share Model
It can look confusing at first glance, but the revenue share model is actually a great way to make money! eXp Realty is focused on helping agents succeed by providing them with multiple revenue stream options. This model is one of the best available in the real estate world because it encourages all agents to be productive so they can earn more and increase the price of the stock (which all agents have access to as eXp is agent owned).
Also, keep in mind that eXp Realty is the only brokerage out there that has this type of structure where you as an agent can earn high commission splits, recieve stock, and partake in revenue share. If you’re curious about eXp and how you can become part of it, reach out to me! I’ll explain more clearly how you can join our revenue share group to maximize your earnings and partake in an amazing, supportive community at eXp.
*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.
