eXp Realty Commission Splits and Fee’s
Why Choosing the Right Real Estate Brokerage Matters.
When it comes to building a successful real estate career, choosing the right brokerage can make all the difference. With a multitude of options available, it can be overwhelming to navigate the complexities of each one. That's why it's essential to understand the benefits and drawbacks of each, so you can find the right fit for your needs.
eXp Realty is a revolutionary virtual-office real estate brokerage that is shaking up the industry. The company operates on a low-cost, high-benefit model that prioritizes agents as owners in the company and provides the tools, resources, and support they need to succeed. Here's a closer look at what makes eXp Realty stand out from the rest.
Low Fees, High Rewards
eXp Realty does away with the added costs of traditional brick-and-mortar brokerages, so agents can keep more of their hard-earned commissions. With no desk fees, no royalty fees, and no franchise fees, eXp Realty provides an affordable solution for agents to grow their businesses.
In addition, the company offers several opportunities for agents to earn additional income. The first option is the EXPI Stock Awards, where agents receive stock when they close their first real estate transaction every year. There are also opportunities to earn revenue-sharing bonuses by referring other agents to the company, so agents can increase their earning potential significantly.
Powerful Tools and Resources
eXp Realty provides agents with a full suite of lead generation tools and resources, including a monthly fee of $85 that covers your lead generation tools and the university tuition that includes 60+ hours of live training classes each week, guest speakers, workshops, and mastermind sessions. With access to a large library of on-demand training videos and a virtual campus, eXp Realty equips agents with the knowledge they need to succeed.
Low Company Cap and Commission Splits
eXp Realty has a low company split of 80/20, which means that agents keep 80% of their commissions until they reach their $16,000 annual cap. Once they reach their cap, they keep 100% of their commissions for the remainder of their anniversary year. There is just a $250 transaction fee for the next 20 transactions and $75 after that. For new agents or those who sold fewer than three homes in the past 12 months, there is an additional 20% split for their first three transactions with their local mentor.
Savings for Agents
eXp Realty offers significant savings for agents compared to the average real estate brokerage. For the typical agent who sells 10-12 homes and generates $80,000 GCI, they could potentially save over $8,000 per year with eXp Realty. For top-producing agents who sell 25 homes and generate $300,000 GCI, the savings average around $60,000.
In conclusion, choosing the right real estate brokerage can make all the difference in your career. With its low fees, powerful tools, and resources, eXp Realty is the ideal choice for agents who want to build a successful business and increase their earning potential. To learn more about eXp Realty and how to join, reach out, and let’s have a conversation!
