Anyone who works with eXp will tell you that eXp Realty is different. But how is eXp different, and why does this matter to you when you’re picking a brokerage?
With over 2 million real estate agents in the United States alone and millions more all around the world, it can be easy to wonder how you can stand apart as an agent. Of course, the best way is to pick the right brokerage…but there are so many brokerages out there that that can be hard too! Let’s see if eXp Realty is the right choice for your brokerage.
Why Is eXp Different?
Though every brokerage has some similarities, there are a few reasons that eXp Realty is different from the others available.
1. Virtual Component
There is no brick-and-mortar eXp building. Of course, some agents may have a physical office, but the brokerage itself is entirely cloud-based. You must use the cloud to access your brokerage leaders and team members.
The cloud also holds training options, continuing education, transaction management software, and online “rooms” where you can connect with agents anywhere in the world. eXp isn’t held down by location!
2. Various Revenue Streams
There are MANY revenue stream options at eXp Realty. The three main options are:
- Stocks
- Revenue Sharing
- Commission Split
There are several other streams, though—you can earn money through partnerships and referral relationships with various companies. In all, there are about 10 revenue streams at eXp Realty to help you make MORE money and take more home.
3. Low Fees
The fees for completing transactions with eXp Realty are low. Compared to other brokerages, eXp is one of the cheapest available. In a typical month, you’ll pay:
- $85 for access to all the eXp technology.
- $25 per transaction for a broker review.
- $40 per transaction for risk management.
- 20% of your commission (until you cap at $16,000).
There are a few other fees, but, overall, you can expect to pay less to eXp and save more money to take home and share with your loved ones.
4. Incredible Training
eXp Realty offers over 80 hours a week of free LIVE training opportunities for real estate agents. Plus, there is a university library full of recorded training opportunities for agents to check out if you’re looking for something specific.
In addition, new eXp agents have to work with an experienced mentor to get the training they need to grow their business. eXp’s training is unbeatable!
5. Robust Technology
Online transaction management, an incredible online brokerage where you can interact with agents in real-time by using avatars, and an Enterprise system to manage all your stats are only a few of the pieces of technology that eXp offers.
You also get to access kvCORE for only your monthly fee…and you can connect with agents around the world at eXp’s Workplace by Facebook. Whatever tech you need, eXp has it available.
6. Wealth Builder
Because fees are low and revenue streams are many, it’s easy to build wealth with eXp Realty. You can create a team to share revenue streams, earn stock shares by meeting cultural and transactional goals, and, of course, earn through referral partnerships and commissions.
In the end, eXp is one of the best brokerages out there for offering world-class wealth-building opportunities.
If you’d like to join our group and access an incredible community and tons of bonus resources and services, check out our partnership. Our team can help you get ahead by leveraging the amazing services eXp has to offer, plus a few of our own!