eXp Realty is truly the future of Real Estate. When I first looked at eXp Realty this was one of the slides that truly impressed me. I believe the future of Real Estate is eXp Realty or companies that are not heavily relying on brick and mortar buildings.In Real Estate the agents are being productive when they are out and about, not when they are chatting away in the office with their co-workers. But even if you like to speak with your co-workers there is always someone that you can collaborate with at eXp, online or offline. There is such a great support for all the agents.
Quote from a Mega Agent who recently joined eXp Realty
The other day I listened to a video Clayton Gits did with Chad Madlom, a 100 Million Dollar Independent Broker in Denver Colorado on why he and his firm joined eXp Realty. His quote is “I missed the Amazon – the opportunity to get into Amazon, I missed Yahoo, I missed Google, I missed Uber, I missed Starbucks. It blows my mind, man…I’m not going to miss this one. And the cool thing is: it’s real estate!” I could not agree more with his quote. I am glad I am part of this forward thinking company and new trend in the Real Estate Industry.
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Quick introduction to eXp Realty
and why I joined eXp Realty
In the above presentation I am focusing on mainly 3 slides. These where the most important factors for me when I decided to switch to eXp Realty. You can click here for my very fist blog on why I joined eXp Realty. Nothing has since changed but in the presentation above you can see the illustration. I will outline it a little more below as well.
Why I joined eXp Realty Woodbridge VA
If you don’t feel like reading in the above presentation you can listen to why I decided to join eXp Realty. If you prefer to look at illustration the above copy of the presentation slide will give you all the information. So let me break it down for you as this is truly my own personal main reason why I decided to join eXp. It gives me an additional opportunity to accumulate wealth and to safe for the future. I am already investing in Real Estate, but this was just another way for me to get set up for retirment:
Agent Ownership eXp at Realty
In the above quick exp overview presentation I talk a lot about the powerful agent ownership and really one of the main reasons why I decided to join eXp Realty. In the above presentation I spent a lot of time on this particular slide. The Agent Ownership, really was one of the main reason why I joined eXp Realty. Being able to become an owner without having to put up a large amount of money for a franchise or to simply buy into a franchise. At eXp I became an owner immediately after closing my first transaction.
ICON Agent Program
I love the ICON Agent Program. At eXp I have the ability to get my cap back in Stocks. After capping an agent can work towards generating my entire cap back in stocks. Being able to earn back your Cap sunds so much better than anything else out there right now. At eXp I saw the opportunity to becoming an owner and generating an additional income stream in my business. This will help me now and in the future. Basically if an agent is a high producing agent they can get their Cap back in stocks helping the agents accumulating wealth. As a Real Estate Agent I preach to my clients about wealth building all the time. By becoming a home owner my clients can accumulate wealth, same is true for me as a Real Estate Agent. By having ownership in a company I can accumulate wealth.
Agent Equity Program
At eXp Realty I have the option to purchase stocks with every transaction I am doing at a discount. Wow. Can you imagine having an opportunity like this and passing it up! When I initially saw the eXp presentation the Agent ownership is really what convinced me to joining eXp Realty immediately. I even mention in the above presentation that I am mad a myself for not making the move quicker.
Revenue Share at eXp Realty
Single Agent Revenue Share
Up to 3.5 gross commission
Agents at eXp Realty can receive residual income from the productive agents they sponsor into the company. Earn up to $2,800 annually for each agent you personally introduce to eXp.
Revenue share is paid by company dollars and doesn’t reduce agent commission.
Cascading Revenue Share
In addition, agents earn residual income from productive agents sponsored into their overall group.
As an example: If you personally sponsor 5 productive agents to eXp and they sponsor their own productive agents, then you can earn up to $3,200 annually for each of those other agents. This represents up to 4 % gross commission.
There is no limit to the amount an agent can earn.
eXp Realty Commission, Cap and Fees
In the below slide you can see the Commission, Cap and all the Fees as an overview. The commission, cap or any of the fees really were not a factor for me personally when I decided to make the switch to eXp Realty, but it is sure nice to have a low cap and it is outstanding to see what great tools eXp Realty offers their agents.