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Glenn Sanford

Everything You Need to Know About eXp Realty!

Are you looking for a one-stop spot to find out everything about eXp Realty? You’ve come to the right place! In the pages below you’ll find a thorough explanation of everything you need to understand about eXp Realty. 

By the time you’re done reading, you’ll be an expert on everything about this cloud-based brokerage–the good AND the bad. I don’t hold back in this article! Let’s dig in.

The History of eXp Realty

Glenn Sanford created eXp Realty in 2009 in the United States. When he created eXp, he realized that the words that meant so much to him (words like explore, expand, expert, etc.) all started with the same three letters: E-X-P. He also saw that each one evoked a sense of strength and could create powerful opportunities. So, he decided to use those words to build his brand and the culture surrounding it.

Glenn’s desire was to reward agents for their hard work and help them explore new opportunities and expand their businesses. So, he created a model based on providing high income from multiple revenue streams. 

Glenn also understood the value in agent’s owning their work along with owning their business (i.e., equity).  He developed a sustainable, cloud-based brokerage model designed to provide agents with extensive resources. 

eXp is the first fully online real estate brokerage out there. That’s right, no brick and mortar offices hold eXp Realty down! All 85,000+ agents (at the time of this writing), network, collaborate, and thrive virtually. 

In 2018, eXp World Holdings joined NASDAQ. In 2023, eXp Realty was ranked the No. 1 Public Independent by transaction sides, the No. 1 in sides, the No. 1 Top Mover in sides, and the No. 1 Top Mover in Volume in the 2023 REAL Trends 500 Report. Thousands of agents now join eXp Realty every month. 

The Fees of eXp Realty

Here is a quick summary of the eXp Realty fees for those of you considering the cost of joining:

Startup Fee

As with all real estate brokerages, eXp does have an initial, one-time startup fee and that comes to $149. This also includes your first month of using the cloud brokerage, which is $85 per month after you start. 

Cloud Brokerage Fee

Every month, you’ll pay a fee of $85 to eXp. This breaks down into $50 for the technology you’ll be provided with (e.g. kvCORE CRM) and $35 for the educational resources every eXp agent has access to (60+ LIVE Hours of training per week).

  • At eXp, agents get access to kvCORE, the top CRM management platform in real estate. The cutting edge technology and in-depth analytics reports from kvCORE will help you generate solid leads and build relationships that get you customers. The retail price for kvCORE alone runs in the THOUSANDS per year…but this is included with your fees at eXp. It’s a HUGE benefit. 
  • In addition, you’ll have access to Regus work locations around the world. If you prefer to work in an office, you can find a Regus workspace wherever you are and set up there for FREE. (The retail price for Regus is AT LEAST $1,200 per year.)
  • eXp also provides agents with access to low-cost healthcare programs, a huge benefit that most other brokerages don’t provide. (Seriously…which real estate brokerage does that?) 
  • Finally, with eXp’s platform, you have access to over 60 hours a week of live training, plus a space to connect with agents from around the world. That $85 fee covers priceless benefits to ensure you succeed as a real estate agent. 

Commission Split

Everyone knows that brokerages have commission splits. It’s the one big thing agents look out for when considering a new company. At eXp, the initial commission split is pretty typical at 80/20. 80% of the sale goes to you, 20% goes to the brokerage. 

Now, at eXp, this will cap at the fairly low amount of $16,000, which means you have to make approximately $2.66 million in sales (assuming a 3% commission on each sale) and you’ll move on to earning a 100% commission on sales. After that, you’ll only pay a transaction fee ($250), a broker review fee ($25), and E&O ($40) costs on further transactions.

Broker Review Fee

Every transaction includes a $25 broker review fee. The broker team in every state (and country) reviews all transactions.  This is a fee that is charged per transaction regardless if the agent has capped or not.  It is the ONLY fee that has no cap or limit. Whether you sell 1 property per year or 1,000, you will still pay the $25 broker review fee per transaction.

E&O/Risk Management Fee

Per transaction, you’ll pay a $40 fee for E&O (errors & omissions), or risk management insurance. E&O insurance protects against lawsuits filed against you and/or your brokerage for misconduct or errors. 

It’s essential for a brokerage to have insurance to protect against these lawsuits and related court fees. This $40 fee for you only lasts until you cap at a total of $500 for the year (so you’re looking at 12.5 transactions). 

Transaction Fee

After you cap at eXp Realty (sell $2.66 million in sales volume), you pay only $250 per transaction. However, your transaction fee doesn’t always remain this high. Once you have paid out $5,000 in transaction fees (or made about 20 more transactions), this cost is reduced to $75 per transaction. 

Note that if you have not capped and are under the 80/20 split, this transaction fee does NOT apply!

Personal Transactions

Every year you get 3 personal real estate transactions that you do not have to pay a split on if you’re part of the transaction. This means that if you are the real estate agent AND buying a property for yourself or selling a personal property that you own, you do not have to pay 20% to the brokerage (assuming you haven’t capped already).  

For a personal transaction, you will only pay a transaction fee ($250), broker review fee ($25), and E&O ($40 if you haven’t already capped). 

Detailed Breakdown of a Real Estate Transaction

Sometimes we all just need to see examples to truly understand something…especially in real estate. So below is a detailed breakdown of a real estate transaction:

BEFORE CAPPING: $500,000 sales price x 3% commission = $15,000 gross commission.

SPLIT BREAKDOWN: 20% ($3,000) goes to broker and 80% ($12,000) goes to the agent. 

AGENT TAKE HOME: $12,000 – $25 broker review – $40 errors and omissions = $11,935.

After you cap, you pay $250 per transaction instead of a split, $25 for broker review and possibly $40 for E&O insurance (though most of the time that cost has already capped as well). 

AFTER CAP: $500,000 sales price x 3% commission = $15,000.

SPLIT BREAKDOWN: 0% ($0) goes to broker and 100% ($15,000) goes to you, the agent. 

AGENT TAKE HOME: $15,000 – $250 transaction fee – $25 broker review – $40 E&O = $14,685.

Note: The transaction fee of $250 does have a CAP at $5,000. So when you reach $5,000 in transaction fees for the year (which is 20 transactions after capping), it drops to $75 per transaction.

The Revenue Streams of eXp Realty*

The Big Three

There are three main revenue streams at eXp: commissions, stocks, and revenue shares

1. Commissions

At eXp, the commission rate is 80/20. That means that for every transaction, you get to keep 80% of the commission you earn and eXp retains the remaining 20%.

And with eXp Realty, your cap is only $16,000, which, when broken down, comes to about $2.66M in sales volume (assuming a 3% commission on each sale). Once you reach that sales volume, you get to take home 100% of the commission, minus transaction fees. This is the single biggest source of revenue at eXp. 

2. Stocks

One of the great things about being a part of this brokerage is that you get to own a part of it. That’s a huge bonus, not only for building wealth, but also for being a part of something bigger. There are five ways to earn stock at eXp (NASDAQ: EXPI). You’ll find more on the equity opportunities at eXp Realty in the next section.

3. Revenue Share

At eXp, you can sponsor other real estate agents into the brokerage. When an agent joins and selects you as their sponsor in their application, you have become that agent’s sponsor for the remainder of their tenure at eXp Realty. 

As a sponsor of other agents, you have the opportunity to share in their revenue. There are seven tiers of this revenue share program, based on how many agents the agents you sponsor will bring into the company when they start sponsoring themselves. You earn from the share of commission that eXp earns (the 20%) from each agent. This means there is no loss to any agent by this program since all agents still get to keep their 80%. 

The first tier is 3.5% of commission, which caps at $2,800 per year. The second tier usually ranges from $160 to $3,040 in earnings for you each year. You can find more on the Revenue Share Program later on as well.

The Other Seven

In addition to these three primary revenue streams, there are seven more that you should be aware of so you don’t let an opportunity pass you by. These are based around partner businesses who allow eXp agents to earn percentages from their income.

1. America’s Preferred Home Warranty

If your clients purchase a home warranty with this company, you have the chance to earn a referral fee of $50. Just remember that you need to disclose to your clients that you are receiving monetary gain from their purchase (disclose, disclose, disclose).

2. Utility Connect

Utility Connect is a handy service that helps clients manage, transfer, switch, and compare utility services at no cost to them. Any income that Utility Connect earns from your client’s service providers is shared with you at 15%. 

3. Currencies Direct

If you work with an international client or anyone who needs to convert their currency, they can use Currencies Direct. If they do, you’ll earn 0.2% of the converted amount. So, for example, when a buyer spends $300,000 on a home, you’ll get $600. This isn’t a ton at first glance, but it can quickly add up as an extra source of monthly income. 

4. IntroLend

IntroLend is eXp’s in-house mortgage company. The longer you’re with eXp, the more you’re able to buy into IntroLend as an owner. You’ll earn quarterly dividends which will vary from year to year. Just be aware that you do have to buy into this company with your own money to start with. 

5. Express Offers Community

You can use the Express Offers Community to sell your client’s home for cash to institutional buyers. In addition, if you have a relationship with one of these institutional buyers and introduce them to eXp, you earn every time they make a purchase, regardless of whether or not it was a purchase from your client. You could earn up to $800 every time they make a purchase!

6. Virbela

Virbela is the platform that hosts eXp World and your virtual office space. For every user you introduce to Virbela, you get to take home 25% of what that user pays monthly. This can apply to any organization out there that uses Virbela. In the end, you’ll likely be able to take home $25 to $625 every month from this affiliate program. 

7. Mentor/Mentee Program

When a new agent who is inactive or novice to the business joins eXp, they might have to join as a mentee. If you get the chance to become a mentor for any of these agents, you will earn 10% of each of your mentee’s first three transactions, which are at a 60/40 commission split instead of 80/20. So, if you enjoy educating and helping others, this might be a good fit for you.

eXp Realty Stocks*

There are five ways to earn stock at eXp.

Stock market on a computer screen
  1. On your first sale, you’ll earn $200 of stock.
  2. When an agent you sponsor makes their first sale, you’ll earn $400 additional stock.
  3. As soon as you cap (pay $16,000 to the brokerage, or roughly $2.66 million in sales volume), you’re awarded $400 more in stock.
  4. When you reach ICON status (by fulfilling specific cultural and transactional goals), that initial $16,000 is converted into stock.
  5. As an agent, you can use 5% of your commission to purchase stock at a 10% discounted rate (Agent Equity Program). 

ICON Agent Equity (This ONLY happens at eXp Realty)

When you reach ICON Agent status by meeting specific transactional and cultural goals, eXp will issue you what you paid into the brokerage ($16,000) as equity. That is a huge bonus that no other real estate brokerage offers. (Seriously, try to find something like this at another brokerage and let me know!)

You get all the benefits of owning part of a brokerage not by starting one, but simply by doing your work well. ICON is a unique program that encourages and supports all the hard work and cultural engagement that you’ve already been involved in, but with the added benefits you deserve! 

Mentor/Mentee Program at eXp

There’s one big thing that new agents need to know when coming into eXp for the first time. If you’re a brand new or relatively inactive agent with less than three sales in the last 12 months, you will be enrolled in the eXpand Mentoring Program. 

If you are enrolled in this program, your FIRST THREE transactions will be made on a 60/40 commission split. While this is easy to overcome with hard work, it does come as a surprise to many eXp agents, so I wanted to warn you. After the first three transactions, you move on to the standard 80/20 split.

Thankfully, eXp is pretty transparent about where that extra money is used. The additional 20% for the first three transactions that go to eXp is used to fund the eXp University and your mentor. So, 10% goes to the mentor and 10% to the classes provided on eXp’s platforms for agent training. Again, this is only taken from your first three transactions, so use it as an incentive to work hard and finalize your transactions. 

eXp Realty Revenue Share*

As a sponsor of other agents, you have the opportunity to share in their revenue. There are seven tiers of this revenue share program. The tiers are based on how many agents the agents you sponsor will bring into the company when they start sponsoring. 

The “Revenue Share Program” operates from the commission split that goes to eXp, NOT from an agent’s commission. In other words, the split at eXp is 80/20 (80% to the agent and 20% to the brokerage). Revenue share is given out of the brokerage’s 20%, not the agent’s 80%. 

The first tier lets you earn 3.5% of each sponsored agent’s commission, which caps at $2,800 per year. The second tier usually ranges from $160 to $3,040 in earnings for you each year. It can sound complicated at first, but it’s not too hard to figure out. Here’s an outline:

  • Say Jaime sponsored 
    • Betty (Betty is on Jaime’s 1st tier), who sponsored 
    • Lauren (Lauren is on Jaime’s 2nd tier), who sponsored
    • Dee (Dee is on Jaime’s 3rd tier), who sponsored
    • Tony (Tony is on Jaime’s 4th tier), who sponsored
    • Tyler (Tyler is on Jaime’s 5th tier), who sponsored
    • Franco (Franco is on Jaime’s 6th tier), who sponsored
    • Kim (Kim is on Jaime’s 7th tier)

These are the seven tiers. Each sponsor receives a portion of the commission  from the production of the agent they initially sponsored as well as the agents that those agents sponsored. The amount of revenue share varies depending on the tier each agent falls under.  See the chart breakdown below.

eXp Realty revenue share chart

FLQA Explained

Now one of the questions you’ll have is “What is the difference between the eXpansion Share percent of AGCI and eXponential Share percent of AGCI?” Ultimately, the goal is to add these two percentages together to get the total percentage you’ll earn. But that’s not a reality for every agent out there and here is why. 

To explain it appropriately, we need to introduce the column on the far right (Front Line Qualifying Agent Count Needed). This column breaks down the number of FLQAs (Front Line Qualifying Agents) needed. An agent becomes an FLQA when they complete 2 full transactions or earn $5,000 in Gross Commission Income in a six-month period. 

Every single agent starts out receiving revenue share from the “eXpansion Share %” (column on the left with the smaller percentages). That means that you are guaranteed the eXpansion Share percentage on each agent on every tier for up to 7 tiers. However, the eXponential Share % is something that is earned and unlocked as you sponsor the number of FLQAs specified (on the far right of the chart) in order to unlock each tier on the right-hand column.

An Example Downline

On this chart, you can see how the share program breaks down for an individual. Jaime sponsors 6 agents on his Tier 1. Since they are all on his Tier 1, he will earn 3.5% from each of them.

Jaime's tiers, earning 3.5% of every production amount first tier agents earn

Let’s look at what happens if Betty sells a $500,000 home for 3% commission. Jaime will earn $420 on that transaction. 

Jaime's revenue share at level 1: 3.5% comes to $420

Now let’s add more levels to the mix for full comprehension. Let’s say Betty & Tyler each sponsor an agent which means they are Tier 2 for Jaime. Now, let’s also assume that all of Jaime’s agents met the criteria to be FLQAs. 

This now means that Jaime will receive 3.5% on all of his Tier 1 AND he will receive 4% on all of the production for his Tier 2 (Betty’s friend and Tyler’s friend). 

Jaime's revenue share at 6 FLQAs (level 1 at 3.5% and level 2 at 0.2% plus 3.8%)

So if Betty’s friend makes a $500,000 sale, you can see that Betty will get her 3.5% revenue share and Jaime will get his 4%. 

Jaime's revenue share at 6 FLQAs ($420 level 1 and $600 level 2)

So let’s do one last example doing everything almost the same. This time, let’s assume that Jaime only has 2 FLQAs. He has 6 agents total on his Tier 1, but not all of them qualify for the FLQA status. (Remember, an agent becomes an FLQA when they complete 2 full transactions or earn $5,000 in Gross Commission Income in a six-month period.) 

Now see what happens when Betty’s friend makes her sale. The same $500,000 sale is now worth $30 to Jaime–he no longer receives the remaining $570 because he is getting the eXpansion Share % instead of the eXponential Share %. That’s a big difference right? 

Jaime's revenue share with 2 FLQAs (level one at 3.5% and level 2 at 0.2%)

Is it making sense now? I hope so! No one explained this to me, so I had to learn this the hard way.  I hope you can avoid the same confusion after reading this breakdown. 

Training at eXp Realty

eXp has one of the most extensive training options in the world of real estate. Not only can you connect with agents around the globe, but you also have access to a wide range of educational resources from experts in many areas. EVERY day at eXp, agents and realty experts from the field provide 60+ hours of live training. 

You won’t be able to watch that all in a day, but you can go back and review what’s relevant for you anytime you need. With that training, you can see what other agents–including ICON agents–are doing to be successful and learn how to incorporate those practices into your business. Whether you need training in marketing, sales, negotiation, lead generation, business planning, marketing, or branding, you’ll find it all at eXp.

The Mentor/Mentee Program

The Mentor Program is another level of support for new agents at eXp. This program is for newly licensed agents and/or agents with fewer than 3 transactions in the previous 12 months prior to joining eXp Realty. If you’re a new agent you will become a mentee and will be paired with an experienced agent who is a certified Mentor. 

The mentor’s objective is to provide guidance in a practical, hands-on way. Mentors lead new eXp agents through each step of the process for their first 3 residential sales transactions.

In addition to working with a mentor, you will go through a 10-module course on real estate fundamentals (i.e. eXp University).

It’s important to note that if you are part of the Mentor/Mentee Program, you will pay 20% more per transaction for the 3 transactions completed while you’re in the program. Half of that (10%) will be used to compensate your Mentor and the other half (10%) goes to pay for eXp University. So if you’re a new agent, your first 3 transactions are 60/40 split vs. the 80/20 agents with experience start out at.

Support at eXp Realty

eXp Realty’s online support is of the highest quality. As eXp expands around the world, it is constantly ramping up support. It has launched a 24/7 LIVE support team to help you with anything and everything–tech, accounting, compliance, or anything else you need.

eXp has departments specialized for each support topic you may need help with. Plus, the eXp Workplace (a Facebook product specifically built for eXp Realty agents) will provide instant connection to any eXp agent anywhere in the world. With the 85,000+ agents out there, you can find answers to serious questions at any hour of the day. 

Even if your brokers, agent friends, mentor, or sponsor are offline because it’s midnight in their time zone (or yours, if you’re working with great dedication), you’ll certainly be able to connect with another agent or find a resource in the extensive online storage. 

Marketing at eXp Realty 

When you join eXp Realty, you will get access to modern marketing built to bring you actual business. With a few clicks, you can create stunning responsive websites built off templates or out of scratch. kvCORE is complete with professional email, text marketing capability, and landing pages for websites, whether single-property or personal. 

Your eXp website will come complete with the necessary IDX as well. No matter how you need to connect online, kvCORE will help you. 

You also get a jumpstart on your marketing collateral through listing presentations, buyer presentations, yard sign templates, flyers, postcards and much more!

Resources at eXp Realty

eXp Realty has tons of resources to help eXp agents succeed. It offers some of the highest-quality tech in the world to keep agents organized and constantly improving their businesses. 

  • eXp World is an online campus/brokerage where you can connect with your broker, get training, find information, get technical help, and much more!
  • eXp Enterprise is a handy dashboard where you can keep track of your programs, your sales volume, your sponsored agents and their sales volumes, etc.
  • Skyslope is a one-stop for all the documents and transactions you’ll use/close in your real estate career.
  • eXp Workplace by Facebook is where you connect with every agent, broker, and staffer that works with eXp. 
  • kvCORE is possibly the BEST reason to join eXp. This platform alone saves you thousands a year by providing you with everything you need for online marketing, from email to text marketing to landing pages to single-property websites.

If the brokerage that you’re with now wanted to bring it all in-house or you wanted to replicate all of this by yourself, you would likely pay $1,500+ per month in expenses.  Remember, you as an eXp Realty agent get all of this technology for $85 a month. That is truly a fantastic deal.

Culture at eXp Realty

eXp Workplace by Facebook allows you to connect with every agent, broker, and staffer that works with eXp around the world, from the highest execs to the newest agents. As mentioned, there are eXp agents in all 50 states–over 55,000 agents. That means that if you’re ever dealing with questions about other state laws that you can’t answer, you can connect with an agent from that state to get the information you need. 

And that’s not limited to the United States, either. Currently, eXp agents work in 24 countries around the world. No matter what you’re looking for, agents at eXp will be available to help and encourage you.

eXp Realty Teams 

The eXp brokerage structure is completely agent-centric, which means it offers a lot of flexibility for you to choose exactly how you want to grow your business. Working on a team can provide you with huge benefits in your income, your marketing capabilities, and how you serve your clients. There are four team models at eXp Realty.

Model One: Self Organized Team

This is the most common team structure for eXp agents. It’s similar to a variation found in many brokerages where you get a referral fee from any agent to whom you pass on a lead. The rundown goes like this:

  • You can be a team leader without needing a minimum of completed deals in order to qualify.
  • All agents in the team, including yourself as the team leader, have a $16,000 cap.
  • No formal agreement is required by eXp; however, you will disclose your team members to provide clarity and ensure that you don’t pay double fees to the brokerage since eXp charges per transaction and not per person.
  • No set referral fee is required, so your team can set whatever fee they all agree to, whether that be 5%, 60%, or anywhere in between.

Who Uses This Model?

This model works really well for agents who want a lot of flexibility in a team. It’s also great for those who are looking for specific benefits from the branding or marketing collateral held by the team leader. In this team structure, agents can join the team and pay a relatively light referral fee to take part in the team leader’s benefits.

Model Two: Standard Team

This is the model you likely think of when you hear the word “team” spoken in a real estate context. The basics are:

  • Anyone who wants to join eXp as a Standard Team must qualify by reaching 30 transactions or $6 million in sales volume over the last 12 months.
  • As a team leader, you will have a $16,000 cap, but team agents will only have a “half cap” of $8,000.
  • A formal agreement and team roster must be submitted to and approved by eXp. 
  • All team agents must pay AT LEAST a 25% split to you for each transaction. This prevents them from circumventing the “half cap” they’re under.

Who Uses This Model?

This model is often used by brokerages or real estate teams who decide to “roll in” to eXp and join the worldwide network. In this case, a broker will join as team leader and retain their agents as part of their team. This model is very similar to a typical brokerage format.

Model Three: Domestic Partnership

If you and your spouse are both in the real estate business, you can act as one in regard to production goals, etc. You must be legally married to create this team structure. Basically, it goes like this:

  • You and your spouse share a $16,000 cap.
  • You both pay eXp fees but get a discount so that one partner pays the typical $85 a month and one partner pays only $50 a month.
  • No formal agreement is required, but the onboarding team must immediately be notified of this arrangement.

Who Uses This Model?

As is pretty obvious, this model is for legally married partners who work together to run a real estate business.

Model Four: Mega Icon Team

This model is similar to the standard model but is much bigger–usually, this applies to teams made of 10 or more agents. If you’re looking to really expand your business and your profit value, this model has great benefits. This is how it works:

  • Team members qualify by having reached 175 transactions or $40 million in sales volume over the last 12 months.
  • There must be at least ten agents who have capped in the last 12 months.
  • You as team leader still cap at $16,000, but your agents stop at a “quarter cap” of $4,000.
  • To ensure continual production, the team as a whole must pay at least $56,000 in commission splits.
  • A formal agreement and team roster must be submitted to and approved by eXp.

Who Uses This Model?

This model works well for agents who enjoy being a part of a big team and want to share in a large sales volume.

How to join eXp Realty

welcome sign

Step One: Join eXp Realty

Head to join.exprealty.com.

  • Create an eXp account by clicking Apply as an Agent
  • Confirm your eXp account using the email they sent.
  • Begin your application.

Step Two: Complete Your Application

Submit your application.

  • Select your sponsor.
    • Everyone who joins eXp can choose a sponsor, someone who helped them make the decision to join eXp. If you don’t already have a sponsor in mind, you can choose my group by searching for: Jaime Resendiz – Crowley Texas – jaimersndz@gmail.com. (If you can’t find me for some reason, you can add my name in the notes/comments section and shoot me a text or email.) 
  • Choose whether you want to join the Agent Equity Program. This program allows you to purchase company stock (EXPI) at a 10% discount by allocating 5% of your earned commission with each transaction. Joining is optional and you can change your mind at any time
  • Enroll in the Mentor-Mentee Program. eXp will enroll you automatically if you are a new agent and/or have fewer than 3 transactions in the last rolling 12 months. If you have more transactions, you won’t be enrolled.
  • Choose your start date. You can start whenever you want, but, ultimately, you get to decide when you want to transfer your license to eXp. Crucially, eXp will not start the process for you; you have to make a transfer request when you’re ready. You can do this by using the instructions eXp provides by email after approving your application. 
  • Select that you are joining as an Individual Agent. Joining as part of a team significantly delays the onboarding process. 
    • If you need to come back later to finish your application, go to  https://joinapp.exprealty.com/index.html and choose Already Registered? Click Here to Login. You can also reset your password here if you forget it.

Step Three: Get Approved

  • Submit your Independent Contractor Agreement (ICA). 
    • You will submit this right around the time you submit your final application.
  • You will receive an email invite with login credentials for a Guest Pass to eXp World, our virtual office. 
    • The email subject line will be eXp World Guest Pass and Join App.
  • You will wait for the internal team to review your application and guest pass to determine that everything looks correct.
  • If no corrections are needed, eXp will send you an email with the subject line Copy of your Independent Contract Agreement .
  • You will receive another email with the subject line License Transfer Process
    • This email will outline the transfer process for your state and tell you how to reach your managing broker. The transfer process varies state by state, so some of you may have some agent-facing steps to take as well. If you have any questions regarding the process, reach out to your managing broker
  • When your managing broker confirms your license is transferred, your eXp Passport will be active. 
  • You’re almost there now! Just set up your eXp email alias. (This agent-facing step is necessary so the eXp team can completely activate your profile and provision your agent tools and services.) 
    • The email subject will be Activate your eXp Realty Email Address.
  • You’re now Active and officially with eXp! Congratulations! You’ll soon receive two emails with the subject lines:
    • Welcome to eXp Realty: Your Passport Account.
    • Activate your eXp Realty Skyslope Account.
  • Finally, you’ll get an email with a unique link to order your business cards. 

Step Four: Organize your Technology

Pro Tip: Bookmark all of these pages on your browser for easy access

  • eXp Enterprise. eXp Enterprise is your hub for all things eXp. If at any point you can’t find your way (can’t find a link, need marketing collateral, want to see your sales production, etc.), just login to Enterprise
  • eXp World. eXp World is our virtual office. You can login to speak to your broker, get technical support, and attend live training. 
  • Skyslope. Skyslope is where you will submit all of your transaction documents to eXp Realty. You are welcome to use other platforms (Zipforms, Instanet, etc.) to send documents back and forth with clients, but you MUST have Skyslope to submit fully executed documents so eXp can review them and get you your pay. 
  • eXp Workplace. eXp Workplace (Facebook’s business solution) is what we at eXp use to communicate with the organization at large. You MUST join eXp Workplace–just search for your state to join. Workplace is another great option for connecting with eXp brokers if they aren’t in their virtual offices in eXp World when you need their assistance.  
  • kvCORE. kvCORE is the place for you to build your website, generate your leads, and work on other marketing jobs. You must request access and eXp will create an account for you. Go to eXp Enterprise, choose Optional Services on the left-hand side, and choose to sign up for kvCORE. 

The Best Sponsor Group at eXp Realty

If you’re ready to join eXp Realty, you need a sponsor. A sponsor can help you establish yourself in eXp, figure out how to navigate a new brokerage, and move ahead in your real estate career. If you’re curious about the best sponsor at eXp, let me recommend joining the Agent First Group (AFG). AFG provides tons of benefits for agents, including:

  • Community – multiple weekly, monthly, and yearly opportunities to engage with like-minded agents passionate about real estate and eXp Realty.
  • Support – 24/7 support to answer all your eXp and real estate questions.
  • Training – hours of free training resources to help you perfect your craft.
  • Resources – cutting-edge tools to help you gather leads, hone your lead conversion, and scale your business!
  • Services – our internal staff will generate leads, post YouTube videos, and more FOR YOU.

If you’re interested in learning more and joining the Agent First Group, book a call with me today.

Conclusion

There you have it! Everything you need to know about eXp Realty in one article. If you have any further questions, don’t hesitate to reach out to me. I’d be delighted to show you everything I know about eXp Realty and get you as excited about it as I am!

*These figures are not a guarantee, representation or projection of earnings or profits you can or should expect. They also do not include expenses incurred by Agents in operating their businesses. eXp Realty makes no guarantee of financial success. Success with eXp Realty results only from successful sales efforts, which require hard work, diligence, skill, persistence, competence, and leadership. Your success will depend upon how well you exercise these qualities.

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