How Can I Join You If I am in A Different State or Country?
Yes. Because eXp Realty is an International Brokerage without borders, your sponsor at eXp doesn't need to be local or even in your same state or country. Your sponsor and your broker are two separate people (in most cases).
All states and provinces have their own broker whom you'll be licensed under to do business. Your sponsor is the person who most influenced your decision to join eXp Realty and who you believe will align with your goals and support your efforts the most.
What does it cost to join eXp Realty?
US agents pay $149 to start-up and $85/month thereafter. This $149 includes your first month $85/fee and 1000 business cards. All agents are on an 80/20 split until they cap at $16,000. Then you go to 100% commission for the remainder of your anniversary year minus a $250 transaction fee for the next 20 transactions. After 20 additional transactions you will have paid an additional $5000 in transaction fees, at which time the transaction fee will drop to $75 / transaction. There is a $25 broker review fee on every transaction and a $40 risk management fee on each transaction until it caps at $500 for the year.
NOTE: Once you CAP and close an additional 20 transactions you are eligible for the ICON Award. You will immediately receive 1/2 of your CAP Back in Stock. You can earn the remaining $8,000 of your CAP back in stock by attending both of the annual eXp meetings and by participating in a cultural eXp activity.
Canadian agents pay $199 to start-up and $139/month thereafter. All agents are on an 80/20 split until they cap at $16,000. Then you go to 100% for the remainder of your anniversary year minus a $285 transaction fee. After $5700 in capped transaction fees, you'll go to $75 / transaction. There is a $29 broker review fee on every transaction and a $17 risk management fee on each transaction until it caps at $200 for the year.
I just capped at my current brokerage, will eXp honor my cap?
This is on a case-by-case basis. Fill out your application on this page and I'm able to get you the "cap deferment" paperwork that's required to process this type of special exception.
Where is my office?
eXp has a virtual office campus in the Cloud - eXp World. There are over 500+ employees ready to assist you Real Time and Live from your laptop from anywhere. Additionally, all eXp agents receive access to over 1000 Regus office locations around the world. Through eXp World and Workplace by Facebook you'll be able to access eXp's 500+ staff members.
The staff ranges from transaction coordinators, tech support, team services, brokerage operations, legal, and accounting. All support is given in real-time, anywhere in the world, with over 55 hours per week.
Is eXp Realty good for new agents?
In my opinion, based on what I've seen eXp do for other new agents, I would say absolutely YES! It's not so much a question of if eXp is good for new agents or not. It's more about if the new agent is the type of person to dive in and utilize all the tools and training offered by eXp Realty. eXp Offers an excellent Mentor Program with One-On-One Training as well as the over 50+ hours of Live Training in eXp World every week.
*Note - If you are a new agent or haven't closed at least 3 transactions in the previous 12 months, you'll need to join the eXpand Mentoring program. For your first three transactions with eXp Realty, you'll receive additional support and guidance from a certified mentor near your market and pay an additional 20% for these first three transactions (60/40 split total). After these three transactions, you graduate and go to the normal 80/20 split.
eXp offers over 50 hours of live training EVERY week and gives agents all the tools necessary to generate leads and sell homes. Whether the agent digs in, without waiting for someone to tell them every step of the way, separates those that do well in eXp's model and those that do not.
That's not to say you won't have help along the way. Quite the opposite, actually. But you do need to be able to take initiative, while asking questions and seeking advice along the way, versus waiting to be told what to do next.
What if I have pending transactions with my current brokerage?
You'll need to refer to your current independent contractor agreement to see how pending transactions and listings are handled upon departure from your brokerage. Every brokerage has different policies on this.
Obviously, there is never a perfect time to make a move, especially when you have deals pending. I've seen agents get caught in the cycle of waiting for a deal to close before moving but then have another deal that they write-up waiting for the closing.
At some point, you have to weigh the cost of your pending transactions against missing out on all the benefits you'll receive at eXp, including, the stock, ICON program, revenue sharing, kvCORE, training, split, etc...
I have a team and/or other agents that will be joining eXp with me. How should we structure our move?
This is a question best answered via a private Zoom video conference with me. Fill out the application on this page and you'll be able to setup a time to meet one-on-one with me where we can discuss the best way to move your team or brokerage over with you to eXp.