eXp Realty Commission Splits + Fees
Many of you have heard about all that eXp Realty has to offer their agents – from powerful lead generation tools to dozens of weekly training sessions – 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 so the typical agents and the top producing agents can see how much they could potentially save 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 commission 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.
Overview of the eXp Realty Commission Structure
Please note: There are occasional changes to the eXp Realty commission structure, fees and/or awards, so if you are seriously considering joining our brokerage, please contact eXp agent Kerry Lucasse (text 404-432-1844) and ask for the latest presentation with a breakdown of offerings and fees.
Notes from Video
When you join eXp Realty, there is a $149 start up fee that includes your first monthly fee as well as:
- 1,000 business cards
- Set-up of your new Kunversion and/or Commission lead generation website
- Contact Management System
- Regus Business Center Membership (100s of locations across North America)
- HelloFax #
- Toll-free 800#
- Google Apps for work, storage, email
- Breakthrough Broker Membership (marketing materials, eNewsletters, templates and more)
- Skyslope Transaction Management System
- Your own Agent Attraction Website
- Access to eXp World, our virtual campus
There is a $420 University Tuition fee (that is broken up into monthly payments of $35) and includes 20 to 25 hours of live training classes each week, guest speakers, workshops, and mastermind sessions. You’ll also have access to a large library of on-demand training videos that cover everything from generating leads on Facebook to building a team.
After you’ve joined eXp, there is just a $50 monthly tech fee to keep all of your lead gen and management tools up and running.
eXp Commission Splits
There is an 80 / 20 commission split until you reach 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 eXp $16K, you keep 100% of your commissions for the remainder of your anniversary year. Once you’ve reached your 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 pay just $40 per sale until you reach the $500 annual cap. The remainder of the year is no cost. There is also a $25 broker review fee to ensure your contracts are rock solid!
In the video, we also looked at what real estate agents would take home at the end of the year versus the average real estate brokerage. For the typical agent who sells about 10-12 homes and does $80,000 GCI, they would save over $4,000 per year with eXp Realty. For top producing agents who are selling about 25 homes and generating $300,000 GCI, the savings averaged about $53,000. See the full example of the eXp Realty commission / fee breakdown in the video above.
How to Keep 100% of Your 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 of the year. The first option is the EXPI Stock Awards where you can receive stock for your first transaction each year, 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 and/or earn at least $500K GCI annually and paid at least $5K in transaction fees. As of 2019, you’ll receive $12,000 worth of stock when you meet the qualifications, as well as an additional $4,000 if you attend our two annual eXp conferences.
The third way that you can earn additional income is by attracting other agents to the brokerage and participating in the eXp Realty revenue share program. You’ll not only receive $400 worth of EXPI stock* for each agent you introduce, eXp will also share 3.5% of whatever your sponsored agent sells until they hit their $16K cap. If your agent sells a home that generates $15,000 in gross commission, eXp will share 3.5% with you (i.e. $525). If you bring six agents (cappers) to eXp, you would earn $16,000 in revenue share… every year. This program creates an environment where everyone really wants to help one another success… and it’s working!
Have questions about the eXp Realty Commission Plan or awards offered?
Call agent Kerry Lucasse at 404-432-1844 or 404-205-8801.
* PLEASE NOTE: This is not an official eXp communication and the information is subject to change. eXp stock award amounts may change annually and the stock prices fluctuate regularly. The qualifications for the ICON Agent award also may change from year to year, so before joining our brokerage, please ask for a copy of the latest eXp Realty commission splits, fees, offerings, and awards.
Have questions? We're here to help.
REALTOR | eXp Realty LLC | GA-305421
404-432-1844 (direct) | 888.959-9461 (broker)