eXp Realty offers several ways for you to structure your team that will not only help you grow and expand your reach, it will also help your bottom line. Learn more about the eXp Realty team structure options and commission splits below…
This team format is the most common in the real estate industry. At eXp, the team leader has a $16K cap (with an 80/20 commission split) and the agents on the team have a half cap of $8,000. The agents on the team pay a minimum commission split of 75 / 25 to the team leader for all of their transactions in addition to contributing to their annual eXp cap.
Here’s a quick example of how the traditional team commission splits would break down at eXp Realty:
** Once the team member reaches their annual cap of $8000, they only pay a small transaction fee to the broker.
Team Requirements: In order to be recognized as a Traditional Team at eXp Realty, your team needs to have closed at least $6.0M in business or 30+ transactions in the last 12 months. Also, the team leader must submit a team roster as well as a written team agreement to eXp that is signed by each agent. If you don’t have a team agreement, eXp does offer some standard agreements that you can use and/or customize.
If you have a large team with 10+ agents, the Mega Icon Team structure at eXp Realty is an incredible option. Each agent on the team has a quarter cap of just $4,000 and like the traditional eXp team model, the team leader’s commission cap remains at $16,000.
eXp Realty Team Requirements:
This eXp Realty team format is quite common with real estate agents who are just starting a small team or partnership. Under this structure, all of the agents in the “group” pay the regular $16,000 annual cap (80/20 commission split) and there is no minimum commission split that needs to be shared with the team leader.
While a reduced cap is always attractive when setting up a team, there are several benefits to forming a Group:
This is a great option for those who would like to begin building their brand and testing out the team structure or for those teams that have high producers who qualify for the ICON agent stock award (where they receive up to $16K back in stock each year.).
This team structure is for those who are legally married and would like to join eXp Realty as a team. No written agreements or team commission splits are required and this partnership can be dissolved or established at any time during your time with eXp.
The eXp Realty team structure options and commission splits are subject to change, but are effective as of January 1, 2021. Also, before forming a team, please confirm with your state or county real estate commission to ensure that your brand and marketing materials adhere to local guidelines.
eXp Realty offers several ways for you to structure your team that will not only help you grow and expand your reach, it will also help your bottom line. Have questions? Want to learn more about building a better team at eXp Realty? Contact us today.
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