eXp Realty - Michigan
eXp provides a learning platform to newly licensed agents. The eXpand Mentoring Program provides newly licensed agents a learning platform where they will gain the fundamental knowledge required to start and build a successful real estate career. Each mentee is paired with a certified eXp mentor who is a member of the same local geographic area. eXp Realty offers a unique and attractive proposition for real estate agents, with several key benefits. Agents can earn higher commission splits, typically 80/20, with a cap that allows them to earn 100% of their commissions after meeting a certain threshold. Unlike traditional brokerages, eXp operates virtually, eliminating overhead costs like office space and desk fees. Agents can also earn additional income by recruiting other agents to join.
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Starting Commission Split
Salesperson Receives 80%
Broker Receives 20% - $0/month Desk Fees
- $85/month Monthly Fees
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More Information :
Agents have commission cap of $16,000/year. Once you cap, you keep 100% of commissions for the rest of the year. The $85 monthly fee at eXp Realty covers access to cloud-based platform, CRM system, marketing tools, transaction management software, virtual office space and extensive training.
1. Could you tell me a little bit more about the company? Awards? History?
eXp provides a learning platform to newly licensed agents. The eXpand Mentoring Program provides newly licensed agents a learning platform where they will gain the fundamental knowledge required to start and build a successful real estate career. Each mentee is paired with a certified eXp mentor who is a member of the same local geographic area. eXp Realty offers a unique and attractive proposition for real estate agents, with several key benefits. Agents can earn higher commission splits, typically 80/20, with a cap that allows them to earn 100% of their commissions after meeting a certain threshold. Unlike traditional brokerages, eXp operates virtually, eliminating overhead costs like office space and desk fees. Agents can also earn additional income by recruiting other agents to join.Awarded glassdoor BEST PLACES TO WORK, REAL TRENDS 500, TOP 500 POWER BROKER, WOMEN OF INFLUENCE 2018, 2018 SP200, SWANEPOEL MEGA 1000 2018. This company has everything a Realtor needs and more as it has been the disrupter of the industry just like what Uber, Netflix, Amazon and Airbnb has done.
In 2023, eXp Realty ranked first in the RealTrends 500 rankings by transaction sides, with 355,052 sides.
2. What type of coaching/training/mentorship do you provide?
eXp University offers more than 80 live classes a week, taught by industry experts and top-producing eXp agents. During each class, a survey is deployed, asking attendees to rate the instructor and content. Currently, instructors average a survey score of 4.89 out of 5. Most classes are recorded and accessible in eXp University’s on-demand library.
7/Week
4/Month
0 USD
Me
3. What type of commission split do you offer?
80/20 with 80% going to the Realtor until you cap and then the Realtor will receive 100% until the next cap year
Yes
Yes
4. What types of costs will I incur?
$85.00 a month which will include your own website, KvCore CRM lead generator, access to the eXp world and training which can all cost thousands with other brokerages or buying these sites on your own.
Depends on your marketing strategy (in USD)
85 (in USD)
eXp marketing center is free. Signs/lockboxes are on you. (in USD)
$35 a deal till you get to $500 (in USD)
depends on what board you join (in USD)
5. What types of advertising does this brokerage do?
eXp Realty offers a variety of advertising tools and programs to help real estate agents promote their listings, including: Provide agents with professionally designed print and digital materials, including: Flyers, postcards, door hangers, and thank you cards A single-property website for generating leads A seller's roadmap and listing management checklist Social media templates
Yes
you pay for any magazines you like to put them in
No
No
0/per day
0/per week
0/per month
Yes
89000
10%
Yes
kvCore CRM system and eXp referral network
Full Time : 100000 (in USD)
Part Time : 45000 (in USD)
12. What happens to my listings if I leave this brokerage for any reason?
This is between you and your team lead if you join a team
13. What happens if I get a bonus on a sale I make? Do I get the whole amount ?? would I have to split it?
All commissions follow the same payout structure
up to the agent%
Yes
15. What is the company’s policy regarding properties that I could buy ?? sell for myself (as an investment)? For example, if I bought a property and flipped it, would I have to pay the company a listing commission?
This is between you and your team lead if you join a team
16. What special bonuses or incentives do you offer for when I become a top producer with your company?
The "eXp Realty ICON Agent Award" is a recognition given to top-performing real estate agents within the eXp Realty network who meet specific production goals and demonstrate positive contributions to the company culture, earning them a reward in the form of publicly traded eXp World Holdings stock, usually up to a maximum of $16,000 in value; essentially, achieving "ICON" status signifies high sales volume combined with active participation in the eXp community.
