It is no wonder eXp Realty is the fastest growing real estate brokerage in the country. There are so many benefits that eXp Realty has to offer. Once you understand the benefits of eXp Realty, if you are with another real estate broker, you will stay up at night thinking of all the money you are leaving on the table not to mention the EXPI stock awards program.
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How eXp Realty Allows Its Agents To Keep 100% Of Their Commission
eXp Realty offers its agents some awesome opportunities for agents to earn additional income to recoup any splits or fees you pay to eXp over the year, unlike any other broker. eXp Realty gives it real estate agents the ability to KEEP 100% OF YOUR COMMISSION!
eXp Realty Stock Awards
The first option is the EXPI Stock Awards where eXp Realty agents can receive stock awards for your first transaction, hitting your commission cap and introducing someone to the company.
There is also an ICON Agent Program that allows top producing eXp Realty agents to receive their $16,000 cap back in EXPI stock. You just have to sell 20 homes after capping or earn at least $500k in annual GCI.
Each time you sell a home you can take 5% of your commission and buy EXPI stock at a 20% discount to the market.
eXp Realty Revenue Share
The third way for eXp Realty agents to earn additional income is by introducing other agents to the brokerage and participating in the revenue share program. For each agent you introduce to eXp Realty, you not only receive 250 shares of stock you can also earn 3.5% of whatever your sponsored agent sells until they hit their $16K cap. If you bring 6 cappers to eXp Realty you would earn $16,000 in revenue share every year!
eXp Realty creates an environment of agents helping others and ownership in the company where agents earn more than just a commission check.
eXp Realty Basic Fees and Splits
eXp Realty has a start-up fee, which includes your business cards, presentation folders, a website set up, and your first monthly fee. On an annual basis, there is a $420 University Tuition fee that includes 20-25 hours of live classes each week, guest speakers, workshops, and on-demand training. Every month, it is just $50 to be an agent at eXp Realty!
There is an 80/20 commission split until you hit your $16,000 annual cap. If you are not familiar with a “commission cap”, that just means that once you’ve paid the brokerage $16K, you keep 100% of your commissions for the remainder of your anniversary year. Once you’ve reached the cap, there is just a $250 transaction fee for the next 20 transactions and $75 after that.
In order to keep your monthly costs down, eXp Realty elected to charge your E&O (Errors and Omissions) Insurance by transaction. You just pay $30 per sale until you reach $500 (17 sales). The remainder of the year is at no cost. There is also a $25 broker review fee.
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