Can you sell your real estate brokerage to eXp Realty under the Boost program? In short, no. eXp Realty is not buying real estate brokerages so you cannot sell your brokerage. Many agents are saying that, but the truth is actually MUCH better! Let me explain how the eXp Realty Boost program actually works.
What Is the eXp Realty Boost Program?
In short, the eXp Realty Boost program is an incentive to attract independent real estate brokerages and real estate teams to join eXp Realty. eXp Realty wants brokerage teams, whether small or large, to move their business and begin working under the eXp umbrella.
To incentivize this move, eXp Realty promises to create a personalized financial compensation package for the brokerage or team to create the perfect circumstances for a brokerage transition. So, there is no exact amount of money provided to new brokerages, but these teams will get financial benefits based on the value they bring to the eXp community.
This mutual collaborative approach ensures that teams and brokerages considering a move to eXp not only hedge any immediate risk, but also participate in a HUGE upside.
eXp Realty Boost Program Criteria
Who is eligible for the eXp Realty Boost program? Each brokerage or team will be evaluated on a case-by-case basis by the eXp leadership. However, here are the general guidelines all agents must meet:
- Be a good cultural fit with a shared commitment to eXp’s values and goals
- Be an independent team or independent brokerage
- Have 50+ agents and a minimum of $100,000,000 in sales volume in the previous 12 months
- Be located in one or more of the 24+ markets where eXp Realty operates
- Help with eXp Realty’s continued growth focus
- Participate in the Sustainable Revenue Share and Agent Equity programs offered by eXp Realty
- Be joining the brokerage AFTER June 29, 2023
These guidelines will govern any brokerage that wants to join eXp Realty through the Boost program.
Now, why, you may wonder, would a brokerage want to join with eXp Realty Boost? The biggest benefit is that eXp Realty will provide a personalized incentive package for each brokerage.
If you’re part of a team seeking a larger, cloud-based brokerage to help you get ahead in terms of technology and worldwide reach, you may want to consider the eXp Boost program and check into what financial incentives eXp will offer to bring your team on board.
How To Explore The Boost Program Further
If you’re interested in the Boost program and all it has to offer, you’ll need to fill out a questionnaire that will help you determine if your team is the right fit. For access to the questionnaire, send an email to admin@jaimeresendiz.com.
Our team can answer any questions you may have and share with you the strategy that will help you maximize this life-changing offer before you reach out to eXp Realty.