Frequently Asked Questions About eXp Realty
Please Contact Me or Schedule a Call with Me or reach us at ryan.widerberg@exprealty.com if you cannot find an answer to your question.
Commissions & Fees
What is the split at eXp?
Do you have to pay multiple fees if you are licensed in several States?
Is there a commission cap?
Every agent at eXp Realty has a split of 80/20 until the cap is met.
Is there a commission cap?
Do you have to pay multiple fees if you are licensed in several States?
Is there a commission cap?
Yes, eXp agents cap when they pay $16,000 to the company. So if you earn $80,000+ in gross commission (GCI) you should reach your commission cap each year. Reduced caps are available for teams at eXp Realty.
Do you have to pay multiple fees if you are licensed in several States?
Do you have to pay multiple fees if you are licensed in several States?
Do you have to pay multiple fees if you are licensed in several States?
No! Just $85 per month to our National Brokerage.
Are there any fees for expansion teams?
How much are the royalty or franchise fees?
Do you have to pay multiple fees if you are licensed in several States?
No!
Do agents pay E & O insurance?
How much are the royalty or franchise fees?
How much are the royalty or franchise fees?
Yes, it’s just $40 per transaction with a max of $500 annually.
How much are the royalty or franchise fees?
How much are the royalty or franchise fees?
How much are the royalty or franchise fees?
Zip. Zero. eXp Realty is a nationally owned brokerage, so there are no franchises. This should save many agents thousands of dollars each year.
Revenue share
What is Revenue Sharing?
How much revenue share can agents earn?
How much revenue share can agents earn?
Because eXp Realty doesn’t have a lot of overhead – like the typical brokerage – they are able to share half of the 20% split with agents who help our company grow.
How much revenue share can agents earn?
How much revenue share can agents earn?
How much revenue share can agents earn?
For every real estate agent you personally introduce to eXp Realty, you’ll receive up to $2,800 each year. If you have agents who introduce more agents, you’ll also earn a percentage of what they sell.
Do I have to recruit agents?
How much revenue share can agents earn?
How is eXp revenue share calculated?
No, it’s completely up to you!
How is eXp revenue share calculated?
How is eXp revenue share calculated?
How is eXp revenue share calculated?
You receive a percentage of the gross commission generated by the agents you introduce to the company and any agents that are in your seven levels of your revenue share group. If one of your recruits sells a $500K home, you’ll make 3.5% of the $15,000 commission earned ($525).
How much revenue share can we earn?
How is eXp revenue share calculated?
How much revenue share can we earn?
For every real estate agent you personally introduce to eXp Realty you can earn up to $2,800 annually. Your revenue share team is seven lines deep, so you’ll also earn between 0.2% and 5% of what those agents earn. Long story short, there is no limit to the amount of rev share you can earn at eXp Realty!
When do you receive revenue share?
How is eXp revenue share calculated?
How much revenue share can we earn?
On the 22nd of every month, you receive the revenue share generated the previous month. Example: The agents in your rev share group generated $50,000 in gross commission in January. You’ll receive a revenue share payment of about $1,750 ($50,000 x 3.5%) will arrive in your bank account on February 22.
How can you track your earnings?
How can you track your earnings?
How can you track your earnings?
eXp Realty created a system called Enterprise and it allows you to have a real-time view of all your earnings. You can see your sales data, stock awards, and revenue share for the upcoming month. Many agents check Enterprise every few days as they like to see how quickly their revenue share is growing and get an idea of what they will receive on the 22nd of the month.
education, trainings & Meetings
How do I get to Wednesday Swarm Group meetings?
How do I get to Wednesday Swarm Group meetings?
How do I get to Wednesday Swarm Group meetings?
Wednesday Meetings at 12:30 PM EST are held on Zoom
How do I get to Tuesday Pathway Group meetings?
How do I get to Wednesday Swarm Group meetings?
How do I get to Wednesday Swarm Group meetings?
Tuesday Meetings at 12:30 PM EST are in our Private Team Suite in Boardroom 1.
- Open the eXp World
- Click ‘Go To’ in the upper left hand corner
- Scroll down and select ‘Private Team Suite’
- Type in our Password- this password is on the Onboarding document Marissa sends out. Or, you can ask your sponsor).
- Now, you will be in the Team Suite, click ‘Go To’ in the upper left hand corner
- Select ‘Boardrooms’ then ‘Boardroom 1’
- Walk. Your avatar into the Boardroom
What is the cloud campus or virtual office?
What is the cloud campus or virtual office?
What is the cloud campus or virtual office?
Agents at eXp Realty have multiple options for training, but more than 60 hours of training occurs EVERY week in our virtual office, eXpWorld. You can log in from your phone or computer and use an avatar to walk around the campus and interact / learn with agents from around the country.
Do you have in-person meetings?
What is the cloud campus or virtual office?
What is the cloud campus or virtual office?
Absolutely! Each area has regular meetings, lunch and learns, CE classes, etc. If you need to occasionally use a physical office for training or meetings, eXp Realty has an agreement with Regus Business Centers to provide agents with free access to their facilities and discounts on spaces for private meetings and events.
exp stock
Where is eXp stock traded?
Where is eXp stock traded?
Where is eXp stock traded?
eXp Realty stock is traded on NASDAQ (ticker symbol: EXPI
How can I buy EXPI stock?
Where is eXp stock traded?
Where is eXp stock traded?
eXp Realty has a stock purchase plan that allows agents to take 5% of their commission checks and buy the stock at a 10% discount. If you’d like to buy stock on your own, you can set up a brokerage account – TD Ameritrade and E*Trade are popular options for many real estate agents, but there are many others so check with friends and family for recommendations to find the best stock brokerage account for your needs.
What kind of stock awards can agents receive at eXp?
What kind of stock awards can agents receive at eXp?
What kind of stock awards can agents receive at eXp?
After you sell your first home, you are awarded stock in the company! Agents also receive stock awards when they hit their commission cap, introduce another agent to the company that closes a real estate transaction and/or become an eXp Realty ICON. The best award is the ICON Agent stock award where top-producing agents receive up to $16,000 worth of stock every year that they receive the ICON award
Where can I cash out my eXp stock awards?
What kind of stock awards can agents receive at eXp?
What kind of stock awards can agents receive at eXp?
Most of the stock awards agents receive are vested after three (3) years. So if you received a stock award for hitting your commission cap in January of 2022, you could cash it out (or move to your personal brokerage account) in 2025.
Sponsors & Mentors
Who is my sponsor?
Where / Who do I go for help?
Where / Who do I go for help?
You sponsor is the agent who brought you to eXp Realty. You can see your ‘upline’ in Enterprise on your Revenue Share dashboard.
Where / Who do I go for help?
Where / Who do I go for help?
Where / Who do I go for help?
- Sponsor- You can always go to your sponsor for help or with any questions!
- State Broker- If you have state specific questions, ask your broker. You can visit your Broker State Room in the eXp World to speak with your Broker team.
- Swarm FB Group - You can post any questions in our group FB page if you are looking for direction, feedback, or recommendations!
about exp realty
Where is eXp located?
How many real estate agents are with eXp?
Who is the Managing Broker at eXp?
eXp Realty is now located in all 50 states, as well as 25+ countries, including Canada, Mexico, Australia, UK, France, South Africa, Portugal, and India.
Who is the Managing Broker at eXp?
How many real estate agents are with eXp?
Who is the Managing Broker at eXp?
Each state has at least one state broker. Some larger states also have regional compliance brokers to assist agents and review contracts.
How many real estate agents are with eXp?
How many real estate agents are with eXp?
How many real estate agents are with eXp?
As of 2022, we have 80,000+ agents at eXp Realty. We are one of the fastest-growing real estate brokerages in the country, as more and more agents from across the world continue to flock to eXp.
Is eXp a good fit for brand new agents?
Is eXp a good fit for brand new agents?
How many real estate agents are with eXp?
Without a doubt. eXp offers the FastStart training program for new agents, as well as new agent masterminds, and 50+ hours of live training each week. Also, all new agents are paired with a local mentor that works with them on their first three transactions (and beyond if you’d like) for a small mentor fee. As a new agent at eXp Realty, you have such a great support system with your broker, mentor, and sponsor and you always have someone to answer your questions and help get your business off the ground.
Can I pick my mentor?
Is eXp a good fit for brand new agents?
Can I pick my mentor?
All of the eXp Realty mentors go through an extensive certification process to make sure they are well-equipped to help new agents. After you join eXp, your broker will pair you with a local mentor. If you already have a certified eXp mentor in mind in the same geographical area, please let the broker know and they can make a match — assuming of course that the mentor has the bandwidth to work with a new mentee!
What Does EXP Mean?
The simple answer is that our founder, Glenn Sandford, loved that it was a prefix for many of the words that represent the culture and values here at eXp Realty. A few examples include: eXperience, eXceptional, eXperts, eXcellence, eXpectations, eXposure, eXponential and many others.
Earn Over 100% Commission
Additional Income Opportunities
Additional Income Opportunities
No desk fees. No royalty fees. No franchise fees. Earn 80-100%+ commissions with a low company cap!
Additional Income Opportunities
Additional Income Opportunities
Additional Income Opportunities
Does your current Brokerage offer a retirement plan? We offer a multi-faceted exit strategy for agents., including 27 ways to profit!
Agent Benefits
Additional Income Opportunities
Agent Benefits
Industry-leading online marketing tools, virtual technologies & healthcare. The benefits go on and on!
24/7 Training
Additional Income Opportunities
Agent Benefits
Hundreds of hours of weekly live training &“how-to” video library videos to learn at your own pace.
Let's Work Together
The Swarm Group & Pathway Groups at eXp Realty have helped 1,100+ agents build successful businesses, generate more leads, and expand their teams into multiple states.
Into the Swarm - brokered by eXp Realty
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
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