The entire company is focused on being agent success obsessed. It drives every decision that eXp makes – including the eXp Realty Agent Benefits. It drives eXp’s staff and how their teams work, and what their focus is, and how they’re always looking at every little interaction. Every seemingly little work activity has a big impact, so eXp focuses on being absolutely obsessed with helping their agents be successful. That’s why eXp Realty, which launched in 2009, continues to attract agents and grow at a record pace, ending 2020 with more than 40,000 agents worldwide. eXp attributes their rapid growth to organic agent success.
When you join eXp Realty, you become part of a global family of agents and partners dedicated to transforming the real estate experience. When any location equipped with Wi-Fi can serve as your home office, the benefits quickly stack up. When a problem comes up, instead of driving to an office to find the one person who can help, eXp agents simply log on to their cloud-based office, take a virtual ticket and promptly receive help from one of the 600+ pros. This quick response, customer service style is status quo at eXp and only one of a dozen reasons why eXp excels beyond traditional brokerages.
Traditional real estate brokerages generally follow the same setup: Agents and staff work out of a brick-and-mortar office, commission structures are established and then agents are pretty much on their own. But eXp Realty takes a hugely different approach. Let’s take a look at 12 ways eXp Realty Agent Benefits are different than a traditional real estate brokerage.
Instead of individual franchises all over the place, eXp Realty is one brokerage. And, eXp is not only in the United States! eXp has expanded internationally into Canada, the United Kingdom and Australia. eXp Realty operates as one brokerage under the same Company Core Values.
Instead of brick-and-mortar offices, eXp Realty agents, brokers and staff work from home or anywhere they desire via eXp Realty’s cloud-based environment. By using eXp’s robust technology, there are no commutes to and from the office. Agents are very mobile and make their office wherever there is an internet connection.
eXp uses cutting edge tools and technology to collaborate with agents and staff. Two of the main tools are eXp World and Workplace, which are used 24/7.
eXp World is eXp’s virtual world in which eXp agents and staff members move about and communicate with each other via their own personalized avatars on a large online campus, complete with offices for support staff such as accounting, brokerage operations, and human resources. There are meeting rooms and large auditoriums for the entire company to gather and even fun places — like the beach and soccer field. The experience is similar to the popular life simulation video game, The Sims.
Workplace is a Facebook product and is one of eXp’s most effective and popular communication tools because it helps the global eXp agent community interact seamlessly with one another in a quick, chat-like setting.
These two tools engage eXp’s massive agent population and allow them to interact seamlessly across states and time zones to talk out ideas and partnerships.
While traditional brokerages may have some cursory classes and onboarding, eXp’s training is robust and ongoing. New agents are given a curriculum to follow for the first few months. There is continuous support with live, ongoing classes 60+ hours a week for all agents covering tips on sales and listings, lead generation, social media, CRM tools and more. Sessions are recorded, so there’s no fear of missing a class!
No need to hope an IT professional is accessible and available. eXp’s IT and service support staff is available during working hours across U.S. time zones, offering support for any question or need — technical or otherwise.
eXp’s Preferred Partner program provides eXp Realty agents and their clients with a marketplace for home-buying and -selling services such as mortgages, title, escrow, moving services and home warranties. Everything is set up for an eXp agent to seamlessly keep the transaction moving forward.
eXp is an intensely collaborative company where agents are eager and willing to help other agents near and far. This can happen organically through eXp World or Workplace or through programs such as ICONversations and Agents Helping Agents — two programs in which top-producing eXp agents share their tips on success with other eXp agents. Also, referrals can come from anywhere across the country, as well as internationally — and they do!
Yes, that’s right. Agents can receive shares of stock in eXp World Holdings (eXp Realty’s parent company) after reaching milestones. Owning stock in the publicly-traded company (EXPI) not only provides financial security but also gives agents a voice in the company and enhances their commitment to helping eXp succeed.
At eXp, the commission model is an 80/20 commission split with a $16,000 annual cap. That means each time an agent closes on a property, they keep 80% of the commission and 20% goes to eXp. Once the agent hits the $16,000 cap in their anniversary year, they keep 100% of the commission per transaction.
Traditional brokerages have hefty setup charges for agents. But since eXp is a virtual environment, agents are not hit with costly overhead fees passed onto them for brokerage operations such as rent, desk fees, insurance, utilities, furnishings, staff and more. This frees up profits, which go back into the eXp business for agent support, training and technology.
Whenever an eXp agent brings a new agent into eXp, they are “sponsoring” that agent and can receive revenue share income from the future sales activity of that sponsored agent. To be clear: eXp pays that share — not the new agent.
Starting in 2019, eXp introduced innovative and low-cost healthcare options for agents. While some real estate brokerages do offer health insurance plans, this is just another example of eXp prioritizing its agents’ well-being and success.
Providing some of the most powerful online marketing tools, virtual technologies and healthcare.
No desk fees. No royalty fees. No franchise fees. Keep 80-100% of commissions + a low company cap.
Offers an exit strategy for agents, allowing them to earn more income by attracting like-minded agents.