With all the good things you’ve been hearing about this brokerage, you might be asking yourself, “Should I join eXp realty?”
Yes, there are plenty of reasons to do just that, and I’ll list them all in this post.
It is not surprising that so many agents are signing up with eXp Realty.
How come?
It’s pretty hard to ignore the phenomenal growth that the company has experienced in recent years.
eXp Realty’s many advantages attract agents who are eager for a chance to grow their business.
So, what makes it so different from a traditional real estate brokerage?
What’s familiar to us is an agent and their employees working out of a brick-and-mortar office.
They arrange some sort of commission structure, and the agent is pretty much responsible for their own success.
However, eXp Realty adopts a somewhat different strategy.
They’re entirely focused on agent success.
This indicates that the company is committed to assisting real estate agents and brokers in achieving success on the professional front.
If you’re still on the fence about eXp Realty, here are some of the many reasons why others are making the switch to this unique brokerage:
The Top Reasons To Join eXp Realty.
Training
eXp Realty provides its agents access to a comprehensive training program about the ins and outs of the real estate industry.
They want to prepare you for what’s out there by giving you the necessary tools to achieve success in your career.
eXp Realty’s training program covers everything from real estate market expertise to social media.
With eXp Realty’s intensive weekly training, it doesn’t matter if you’re a new or experienced agent.
As opposed to the brief orientation provided by some traditional brokerages, eXp’s onboarding and education programs are extensive and never-ending.
For the first few months, novice agents are expected to follow a prescribed course of study.
All agents get access to live, ongoing classes 50 hours a week that address topics like:
- CRM software
- Lead generation tools
- Industry tips on sales and listings
Plus, there’s no need to stress about missing a class because they’re all recorded.
Related Reading: How eXp Realty Works – Learn That Here.
eXp World
Every day, hundreds of eXp agents gather in eXp World, the company’s virtual campus.
There, they can participate in live training sessions, receive help from the company’s different departments, and socialize with other agents from around the world.
eXp World is always open!
More experienced agents can assist you with any of your lead-generation or marketing-related issues.
You’ll learn everything you need to know to sell real estate successfully.
Virtual Office
eXp agents, brokers, and staff don’t have to go to a physical office.
They have the freedom to work from home or wherever else they want.
There are no commutes to and from the workplace thanks to eXp’s reliable technology.
As long as they have an Internet connection, agents can work from wherever they are!
The revenue share program is meant to help an eXp Realty agent expand their real estate business.
By participating in this program, agents will be eligible to receive a commission on the sales of any new agents they bring on board.
The eXp Realty income share program has many advantages, including the following:
- No minimum quota or sales volume
- Commissions on transactions
- No annual fees
Over the past two decades, many agents have compared revenue share to Keller Williams’ profit-sharing model.
Profit sharing pays agents a commission after expenditures have been deducted.
On the other hand, revenue sharing pays agents a fee upfront.
As a result, revenue shareholders can expect to receive significantly larger residual income checks in the future.
Stock
After meeting specific benchmarks, agents are eligible to acquire shares of stock in eXp World Holdings Inc.
That’s eXp Realty’s parent company.
When an agent owns shares in the company, it doesn’t only give them financial security.
It also gives them a voice in the company and strengthens their dedication to its success.
The ICON Agent Stock Awards Program is drawing so many new members at eXp Realty because of this reason.
If you choose ICON as your broker, they will reward you with additional stock shares if you reach a predetermined level of productivity.
There is a production cap.
Once you reach the cap, there are transaction fees.
When you pay $5,000 in transaction fees, which equates to around 20 additional transactions on top of the cap, you’ll become an ICON Agent.
Better Commission Split and Fees
eXp Realty’s commission split is better than any other company.
Aside from that, the costs are reasonable and straightforward.
eXp does not collect any kind of desk or royalty fee for its software.
Agents should be able to concentrate on their company and not worry about unnecessary costs.
An $85 monthly fee and an 80/20 commission split are the only obligations for all of the agents.
There is a $16,000 cap on annual commissions.
Let’s say that you’ve paid $16,000 in commission split to eXp Realty.
That means you will be entitled to 100% of the commission split for the rest of the year.
Minimal Overhead
The initial setup costs for agents at traditional brokerages can be pretty pricey.
However, eXp is a virtual environment.
That means you don’t have to pay the expensive overhead expenses that are typically associated with brokerage operations.
These expenses can include rent, desk fees, insurance, utilities, furnishings, employees, and more.
These “gains” are reinvested in the eXp business to fund training, agent support, and technology.
Technology
Skyslope and kvCORE are the two key technological platforms that are provided to eXp agents.
Agents can take advantage of the myriad services and perks that kvCORE provides, thanks to its comprehensive design.
The following are some of its features:
- Lead management
- Marketing automation
- Customer relationship management (CRM) system
- Transaction management
- Individual agent websites
Skyslope is a robust transaction management system that real estate agents can use to keep tabs on all of their transactions.
It provides a wide range of features, including the following:
- Timelines
- Custom templated for automatic document generation
- Transaction dashboard
- Text and email notifications
Healthcare
eXp Realty offers agents new, affordable healthcare alternatives.
This started back in 2019.
Sure, some real estate brokerages do provide health insurance plans, too.
However, eXp values the performance and well-being of its agents a little bit more.
Agents can access affordable healthcare options through the eXp program named eXp Agent Healthcare, which includes:
Telemedicine services
Supplemental Insurance
Insurance and medical cost-sharing
This initiative aims to assist eXp agents in reducing their out-of-pocket expenses, expanding their provider network, and reaping financial savings.
Marketplace Partnerships
eXp Realty agents and their clients have access to a marketplace for home-buying and -selling services through the eXp Preferred Partner program.
These services include mortgages, title, escrow, moving services, and house warranties.
Everything is ready for an eXp representative to step in and continue the transaction in a smooth and hassle-free manner.
How To Join eXp Realty
Joining eXp Realty is worth considering if you’re interested in gaining the benefits mentioned above.
If you’re leaning more towards joining the brokerage, here are a few key things to note.
To participate, you must acquire a real estate agent license.
Next, you have to accept the terms and conditions of the company.
Following these easy steps will allow you to join eXp Realty once you satisfy those conditions:
- Head over to eXp Realty’s website and click the “apply as an agent” button. You can also peruse the website to learn more about eXp Realty.
- Accomplish the form and tap the “submit” button.
- Read the Independent Contractor Agreement thoroughly.
- Name your sponsoring agent, then tap “submit.”
- Stand by for an email from your state broker. It should contain further instructions on how to move your license over to eXp for your specific state.
- Send a request to your state licensing board to transfer your license to eXp Realty.
Once you sign up, eXp Realty will give you all the assistance and tools you require to be successful in the real estate sector.
Related Reading: How To Join eXp Realty – Read On Here.
Is It Okay To Join Exp As A Newly Licensed Agent?
Much of it depends on who you ask.
Newly licensed agents can familiarize themselves with the core information necessary to develop a successful real estate career.
eXp Realty’s learning platform should be all they would need.
A trained eXp mentor from the same local geographic area is matched with each mentee.
Nevertheless, a lot of the reviews note how difficult it is for rookie agents.
Related Reading: How To Find Great Real Estate Deals – Learn That Here.
Final Thoughts
Real estate agents and brokers are the core focus of eXp Realty.
If you sign up, you’ll get access to top-producing agents who can support the growth of your real estate business.
A global family of agents and partners committed to revolutionizing the real estate experience would welcome you to eXp Realty.
The advantages mount up fast when you can work from home from any Wi-Fi-enabled location.
eXp obviously exceeds traditional brokerages, and it’s the choice for agents who want to take their business to the next level.
