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eXp Realty Commission Splits & Fees

Get a better understanding of the eXp Realty commission splits and fees in this informative video. Many of you have heard about all that eXp Realty has to offer their agents – from powerful lead gen tools to dozens of weekly training classes – but you also want to make sure that the broker splits and fees are better (or similar to) your current real estate brokerage. In the following video, we do a deep dive into the eXp Realty commission splits, annual cap and any monthly or annual fees. There are also comparison charts, based on your level of production each year.

The best part of this video…. find out how you can create multiple revenue streams that will allow you to earn more so you can keep 100% of your hard-earned commissions each year!

If you have any questions after watching the video, please don’t hesitate to reach out to us! Call Kerry Lucasse at 404-432-1844 or 404-205-8801.

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Overview of the eXp Commission Structure

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Notes from the Video

Basic Fees & Splits:

eXp has a $99 start up fee, which includes your business cards, presentation folders, 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.  For those of you that aren’t 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 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 no cost. There is also a $25 broker review fee.

See how the eXp commission structure works for agents and how you can earn more with stock and rev share.

Agent Savings:

We also looked at what real estate agents would take home at the end of year versus a typical brokerage.  For the typical agent with $80K GCI, they would save about $4,400 per year with eXp. For top producing agents in the $300K GCI range, the savings averaged about $40,000. See the full example in the video above.

How to keep 100% of your real estate commission:

eXp Realty offers some fantastic opportunities to earn additional income that will help you recoup any splits or fees you paid to the brokerage over the year.  The first option is the EXPI Stock Awards where you 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 producers 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 GCI annually.  The third way that you can earn additional income is by attracting other agents to the brokerage and participating in the revenue share program.  You’ll 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 the company, you would earn $16,000 in revenue share… every year.  This program creates an environment where everyone wants to help one another succeed… and it’s working!

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Have questions?  Call Kerry Lucasse anytime at 404-205-8801.

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PLEASE NOTE:  This is not an official eXp communication and information is subject to change.  EXPI stock awards can vary based on the number of agents at the company (per chart in video) and stock price flucuates daily.  The ICON Agent Award qualifications may also change from year to year, so before joining our brokerage, please ask for the latest copy of the offerings, awards and benefits!

See what eXp agents have to say about the brokerage >>

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Look Who Joined EXP Realty – Jay Kinder and Michael Reese

Please welcome Jay Kinder and Michael Reese to eXp Realty! Personally, I was THRILLED to hear that this dynamic duo joined eXp Realty, as I’ve been a big fan for many, many years. For those of you who haven’t heard of Jay Kinder and Michael Reese (aka “Kinder Reese“), here are just a few of their accomplishments: Founders of the National Association of Expert Advisers – currently 40,000 real estate agents strong Co-Authors of the (fabulous) book, “Miracle Morning for Real Estate Agents” Inc. 5000 Fastest Growing Companies – for the last 6 years in a row Jay was named REALTOR Magazine’s Top 30 under 30 when he was only 25 years old ($17.5M in volume in 2002) Jay was also the #2 Agent Worldwide at Coldwell Banker when he was just 27 years old Michael Reese and Jay Kinder have sold more than 4,200 homes and are also nationally recognized for being some of the top trainers / coaches in the real estate industry They are passionate about raising the bar in the real estate industry and helping agents become true professionals and the dominate leaders in their real estate market.  As you’ll hear in the video below, Jay and Michael joined eXp Realty because our brokerage model is “something special and very different.”  They love the transparency of the company as well as the sustainability (one of eXp’s core values).   Why Jay Kinder Joined eXp Realty See what eXp Realty has to offer its agent/owners >>   Even if you love your current brokerage, sometimes an incredible opportunity presents itself and you owe it to yourself...

Review of eXp Realty | A Look Back at 2016

Another record-breaking year for eXp Realty! This is my fourth year at eXp Realty and the agent success stories, new broker offerings and growth at our agent-owned real estate brokerage is nothing short of AMAZING!  This innovative company offers agents the complete package and is constantly improving systems and agent benefits, so it’s no surprise that we were on fire in 2016!  Below are some of the highlights as well as a personal review, sharing feedback from an eXp agent’s perspective. Review of eXp Realty in 2016   GROWTH eXp Realty almost TRIPLED in size!  We are now in 42 states in the US and in Alberta, Canada and are considered one of the fastest growing real estate brokerages in North America. See the full article.   AWARDED BEST PLACE TO WORK eXp Realty was named in the”Top Places to Work” by The Washington Post, the Atlanta Journal-Constution and The Oklahoman. Pretty impressive when our eXp office is actually online! It is further proof that real estate agents can easily learn, collaborate, thrive and have FUN in an online office environment. REAL ESTATE SALES SOARED Every quarter, sales grew, breaking eXp records almost every time. Many agents who joined us in the last year or two had their best year yet, thanks to the free Kunversion lead gen tool, amazing training classes and the chance to collaborate with other agents around the country. EXPI STOCK…. off the charts! eXp Realty is a publicly traded company (OTC: EXPI) and all of the agents own stock in our real estate brokerage after selling their first home with eXp. At the start of 2016, EXPI...

How to Build a Real Estate Team

Ready to Build a Real Estate Team? If creating a team is your goal for this year, the following class is a must watch.  National Sales Coach, Bill Crespo, gives you a step by step plan for building a real estate team. He covers everything from hiring and training your team to motivating the agents, setting expectations, lead generation and more.  You’ll also learn how to avoid the most common mistakes many Realtors make when they build a real estate team. We’ve taken lots of notes below, but highly recommend that you take the time to watch this 50 minute video.  Happy Team Building! Video: How to Build a Real Estate Team with Bill Crespo Notes from today’s eXp Class: When you are thinking about building a real estate team, there are four important questions to ask yourself: Why do you want a team Do you consider yourself a leader? What makes you a good leader? Who will lead if you don’t have the mindset or desire to lead? Reasons to build a real estate team – What is your WHY? Leverage Build Money Retirement EGO (probably not the best reason to build a team, but fairly common!) Why many real estate teams fail — EGO Eliminating Growth Opportunities WHO Makes a Great Team Leader? Developer – see potential in others Drawn to people Growth in others – you want to help and encourage *** BOOK RECOMMENDATION:  John Maxwell’s Five Levels of Leadership Should you build a real estate team or a group? With a GROUP there is less monitoring and structure. 1) No minimum standards 1) No requirements 3) Lack of accountability Real Estate...

Do You Have Your Social Media Strategy for 2017?

Agents:  Do You Have Your Social Media Strategy for 2017? Many real estate agents get overwhelmed when they think about marketing on Twitter, Facebook, Instagram, Snapchat, LinkedIn and all the other social media sites. Thankfully, there is a simple way to get started with your social media strategy in the new year. Anthony Mann, one of the top social media strategy experts in real estate, joined us in the eXp Realty Cloud Campus this week to talk about developing your social media presence and 2017 strategy.  He shared so many fantastic tips and we’ve summarized many of them below, but highly recommend that you watch the video.  Really good stuff! . Social Media Strategy with Anthony Mann & Brad Andersohn Our key takeaways from this awesome eXp social media class Facebook Make sure you are joining groups so you can interact and connect with more people Boosting a post on your Facebook business page – even if you only have 100 fans on your business page, you can boost the post and get in front of new people based on their location, interests, etc If you have lots of interaction you have with your friends and fans, Facebook will allow your posts to get more visibility on the newsfeed Be consistent – spend 15 minutes every day Twitter Because Twitter is now so large and moves so fast, your tweets may not get as much visibility as they did in the past Best way to start engaging is to search for hashtags Tweet directly to others to create engagement (@) Use a period in front of their user name in order to publicly speak...

Topics and Technologies Affecting Real Estate Brokerages

Topics and Technologies Affecting Real Estate Brokerages ABoR Interviews Redfin, KW, Realty Austin and eXp Realty Leaders The Austin Board of REALTORS (ABoR) is one of the most innovative in the country. Their most recent forum was so fascinating that we had to watch it TWICE! ABoR assembled an incredible panel of unique, industry leading brokerages to discuss current topics and technologies affecting real estate brokerages.  Panelists included Glenn Kelman (CEO of Redfin), Jonathan Boatwright (CTO of Realty Austin), Cary Slyvester (VP at Keller Williams) and our very own Russ Cofano (President of eXp Realty).  All of these brokerages had a different twist on agent development and offerings, technology, lead generation, data and managing past clients. Enjoy!   Key Discussion Points What is a real estate brokerage’s value proposition in the 21stcentury? Agent compensation Data sharing and trust building between the agent and the real estate brokerage Lead generation – should the brokerage generate leads on behalf of the agents or train them to generate their own? Building an online presence and ensuring that agents are named under each of their listings Creating consumer loyalty in the age of Zillow and other real estate portals … and so many other interesting topics!...

eXp Realty now offering Commissions Inc Lead Gen to Agents

Big News! eXp Realty has partnered with Commissions Inc (CINC) to bring our real estate agents one of the very BEST lead generation systems in the business. As someone who built my real estate business on online lead generation, this is such a gift! For those of you not familiar with eXp Realty (yet!), we are a cloud-based, agent owned real estate brokerage who all go above and beyond to help one another succeed.  Our national brokerage is also publicly traded, so every agent becomes an owner in the company after they sell their first home. As part of the eXp Realty agreement with CINC all of our eXp agents will  receive — at no additional cost — a consumer-facing real estate website that integrates with each local MLS, a CRM platform to manage clients from lead to close, as well as three apps: CINC Agent App, Open Houses by CINC and Houses.net. BTW… It’s only $50 per month to be an agent with eXp Realty. . In the months to come, please stop by the BuildingBetterAgents.com website as we will be sharing Commissions Inc lead generation tips and hopefully plenty of success stories! Have questions about eXp Realty or this big announcement? Call me anytime at 404-205-8100.   Read the full press release… eXp Realty and Commissions Inc. Announce Enterprise Lead Generation/CRM Platform eXp Will Deliver CINC Tools and Resources to All eXp Agents at No Additional Charge BELLINGHAM, WA–(Marketwired – October 06, 2016) – eXp Realty, the Agent-Owned Cloud Brokerage® (eXp World Holdings, Inc.) (OTCQB:EXPI) today announced a new strategic relationship with Commissions Inc. (CINC), the leading...

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