JOIN THE EMPIRE

But Falesha, you aren’t in my local market. Can you still sponsor me?

Your sponsor at eXp doesn’t need to be local or even in your same state or country. Your sponsor and your broker are two separate people (in most cases). 

All states and provinces have their broker whom you’ll be licensed under to do business. Your sponsor is who most influenced your decision to join eXp Realty and who you believe will align with your goals and support your efforts the most.

 

What does it cost to join eXp Realty?

Canadian agents pay $199 to start up and $139 monthly.  All agents are on an 80/20 split until they cap at $16,000.  Then you go to 100% for the remainder of your anniversary year minus a $285 transaction fee.  After $5700 in capped transaction fees, you’ll go to $75 / transaction.  There is a $29 broker review fee on every transaction and a $17 risk management fee on each transaction until it caps at $200 for the year.

 

US agents pay $149 to start up and $85 monthly. All agents are on an 80/20 split until they cap at $16,000.  Then you go to 100% for the remainder of your anniversary year minus a $250 transaction fee.  After $5000 in capped transaction fees, you’ll go to $75 / transaction.  There is a $25 broker review fee on every transaction and a $40 risk management fee on each transaction until it caps at $500 for the year.

 

*Note – If you are a new agent or haven’t closed at least three transactions in the previous 12 months, you’ll need to join the eXpand Mentoring program.  For your first three transactions with eXp Realty, you’ll receive additional support and guidance from a certified mentor near your market and pay an additional 20% for these first three transactions (60/40 split total).  After these three transactions, you graduate to the standard 80/20 split.

 

I just capped at my current brokerage, will eXp honour my cap?

This is on a case-by-case basis.  Fill out your application, and I can get you the “cap deferment” paperwork required to process this exception.

 

Where is my office?

All eXp agents receive access to over 1000 Regus office locations worldwide. Additionally, your office is anywhere you have a computer or mobile device and internet access.  Through eXp World and Workplace by Facebook, you’ll be able to access eXp’s 500+ staff members.  

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The staff ranges from transaction coordinators, tech support, team services, brokerage operations, legal, and accounting.  All support is given in real-time, anywhere in the world, with over 55 hours per week.

 

Is eXp Realty good for new agents?

Based on what I’ve seen eXp do for other new agents, I would say YES!  It’s not so much a question of whether eXp is good for new agents.  It’s more about if the new agent is the type of person to dive in and utilize all the tools and training offered by eXp Realty.  eXp offers over 50 hours of live training EVERY week and gives agents all the tools necessary to generate leads and sell homes.  Whether the agent digs in without waiting for someone to tell them every step of the way separates those that do well in eXp’s model and those that do not.  

 

That’s not to say you won’t have help along the way - quite the opposite!  But you need to be able to take the initiative while asking questions and seeking advice along the way versus waiting to be told what to do next.