I know everyone’s looking for reviews these days. We all want to know what other people think of products and services before we start using them. It’s part of human nature. eXp Realty reviews are just as important as a review on any service: you want to know what people think of working with eXp Realty before you consider joining it yourself. After all, this is YOUR career.
I’ve done a lot of research over the last few years into what kind of eXp reviews people leave–what they like and what they don’t. I’ve narrowed it down to a few main points that keep showing up in nearly every review. I figured I’d give you a head start and share some of the main points with you here.
eXp Reviews–The Good Stuff
There are several things that people love about working with eXp Realty. These are the main benefits eXp Realty reviews mention.
- Convenience. eXp Realty is an online, entirely cloud-based brokerage. Agents can work from anywhere, anytime. Plus, the education you need is all online with 24/7 access so you can learn whatever you need, whenever you need it.
- More income. The commission split at eXp Realty is 80/20 until you reach a cap of $16,000 to eXp in split fees. This results in much more money in the agent’s pocket. Plus, eXp Realty has at least 10 extra revenue stream options. These options include partner referral fees, revenue share, and stock shares in eXp World Holdings. Agents have a lot of options to build wealth and financial security.
- More training. eXp offers more than 60 hours a week of training opportunities on its online platform. This training is included in the eXp monthly fee and provides all the continuing education you’ll need.
- Technology. The technology at eXp Realty is like none other: kvCORE for management, Skyslope to hold files and financial statements, eXp World to connect with agents and support teams, eXp Enterprise to find education and much more, and eXp Workplace to engage with agents from around the world. Everything an agent needs to build a successful business is available!
eXp Reviews–The Bad Stuff
Based on eXp Realty reviews, there are a few main things that people don’t love about eXp Realty.
- Confusing To Get Started. eXp is an all-online brokerage, which means you’ll find all answers either online or over the phone. The in-person experience is not there for the most part. Which means that if you miss an email or just don’t know what the next step is, it can be hard to get started with eXp Realty. I’ve seen agents literally join eXp for a week and then go right back to their previous brokerage out of frustration. .
Having the right sponsor at eXp makes all the difference. Here are some questions to ask your sponsor before joining.
- Recruiting Culture. Many agents at eXp Realty focus solely on recruiting new agents because agents who sponsor new agents get to partake in a revenue share program. Some agents get so excited about revenue share that they become recruiters and fail to focus on selling real estate. This culture has given eXp Realty a bad reputation in many circles. Many agents leave eXp Realty because they get tired of the “all eXp agents do is recruit” line.
- 80/20 Split Is Too High. Many agents are used to a transaction fee at their brokerages–they pay a static fee with every transaction (e.g. flat-fee shops, discount brokerages, transaction fee shop, etc.). Many of these agents don’t like a commission fee where the brokerage takes a significant portion of their income. It does help that the cap of $16,000 is relatively low compared with other brokerages, but that’s still a high portion to pay if you’re used to paying $500 per transaction.
My Review of eXp
If you want to read a truly honest review of eXp Realty written from an agent who’s been there, check it out. If you have any more questions about joining eXp Realty, don’t hesitate to reach out. My team, the Agent First Group, provides support, training, services, resources, and community to help agents get started. You may want to consider joining our team if eXp sounds right for you!