A great video, The Model Explained, about the eXp realty business platform and all it offers Agents!
With the eXp Real Estate Business Brokerage platform, it allows for both realty or commercial Agents for the first time ever to have a sense of financial security and stability that has never been seen before in real estate. Agents have the opportunity to earn multiple stream of income. Rather than only receiving a real estate commission an eXp Agent has the opportunity to earn 100% commissions (if they meet certain sales goals), to earn stock awards/grants for certain achievements within their performances. eXp Realtor Agents can obtain leads through KVCORE which is widely considered the best CRM in the industry which typically costs $7,200 per month, however, eXp Agents get this for free. Agents can also be gifted and granted expi stock for meeting certain personal achievements as well as for sponsoring friends and other Agents into the company. Contact Paul Zorich and I would be happy to discuss all of this in greater detail one on one.
All Agents at eXp both in residential Realty and eXp Commercial start out on an 80/20%, that is 80% to the Agent and 20% to eXp per transaction until you cap. If you are in Realty you cap when you pay $16,000 to the company within your calendar year and then you go to 100% commission of the rest of your calendar year. If you are in eXp Commercial, you are on an 80/20% split immediately and then when you achieve $100,000 in gross commission income, you go to 100% commission for the rest of your calendar year. This includes any transaction, Buy, Sell, Rental, lease. Contact Paul Zorich for a more detailed conversation regarding commission, capping and GCI.
When you work at eXp you are given FREE stock, a grant for hitting simple milestones. When you sell your first property every anniversary year you receive expi stock. You are given a second stock grant every time you sponsor an Agent into the company and they complete their first transaction. You receive a third stock grant comes when you hit your annual cap ($16K Realty Agents, $20K Commercial Agent) eXp provides you more free stock. If you become an ICON Agent, when you do 20 sides after you cap as a Realty Agent, eXp returns that $16,000 in the form of a stock grant, thereby you are paying nothing to be at eXp, and your stock should grow over time.
There is an incredible opportunity for every Agent to transform their business, from being solely transactional to creating a passive income stream. By having the incredible opportunity to build out an organization somewhat like a Broker with none of the disadvantages that a Broker has and many more advantages. You can build out a passive income organization where you will receive passive income every month for the Agents that you attract and sponsor into eXp. If worked properly, one could retire with a substantial amount of ongoing revenue share/passive income for the rest of your life! This alone is an incredible opportunity, one that you should consider taking a deeper dive into considering the eXp business brokerage platform.
Agents can obtain leads through KVCORE which is widely considered the best CRM in the industry which typically costs $7,200 per month, however, eXp Agents get this for free. If set up properly and learned, the KVCORE platform could potentially bring an average Agent many leads per month that could turn into multiple monthly transactions given some time to set up and implement.
Virbela is a proprietary technology system platform owned by expi, used at eXp as eXp World, where we hold virtual meetings, conferences, where we go to meet our state Brokers, administrators, accounting and anyone who is in eXp. A bit like Zoom but much more usage and opportunities for you to grow your business globally!
eXp provides for a minimum of 50 hours per week of LIVE training in our eXp World. eXp also offers many live and in person meetings throughout the year as well as national and international conferences and conventions. All of these live trainings are taught by our own ICON Agents throughout the company and throughout the country! Sharing and collaborating is unbelievable at eXp as we all want each other to do great and to grow your business, as if everyone is pulling together, we all grow, we all share, we all increase our company and the stock, we all WIN!
eXp offers grate low-cost healthcare plans, talk to an Agent for more details.
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eXp Realty / eXp Commercial
3401 Mallory Lane Suite 100
Franklin, TN 37067
888.519.5113
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