Signed in as:
eXp Realty offers FOUR ways for you to structure your team. Building a team will help you generate more business, earn more money, increase your wealth & quality of life!
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 an 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 a perfect 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.
No desk fees. No royalty fees. No franchise fees. Earn 80-100%+ commissions with a low company cap!
Does your current Brokerage offer a retirement plan? We offer a multi-faceted exit strategy for agents., including 27 ways to profit!
Industry-leading online marketing tools, virtual technologies & healthcare. The benefits go on and on!
Hundreds of hours of weekly live training &“how-to” video library videos to learn at your own pace.
Into the Swarm - brokered by eXp Realty
Please Note: This is not an official eXp Realty 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 request a copy of the latest eXp Realty commission splits, fees, offerings, and awards.
Designed to help real estate agents build successful businesses, this website is owned and operated by Swarm Syndicate Corp. The leaders of Into the Swarm are independent agents at eXp Realty, so this is not an official eXp Realty website. The views and opinions of this site are those of the authors and do not necessarily reflect the official opinion or policy of eXp Realty or eXp World Holdings unless otherwise stated. Read Full Disclaimer Here
Copyright © 2022 The Swarm Group at eXp Realty - All Rights Reserved.