This video is about 30 minutes long, and it's important to watch every second. Once you've seen it, you cannot unsee. Our host Brent Gove will go through how he had found success in his business with Exp, and how you, too, can grow on a massive scale.

Everyone has a vested interest in the success of the company, as each agent becomes an shareholder in eXp after selling their first home. eXp Realty is one of the largest residential real estate brokerage by geography in North America and the most innovative. eXp agents receive unprecedented training and support and are able to collaborate and learn from professionals around the country in our virtual office.

No Desk Fees. No Franchise Fees. No Royalty Fees There is an 80/20 commission split until you reach your $16,000 annual cap. If aren’t familiar with a commission cap, that just means that once you’ve paid eXp $16K, you keep 100% of your commissions for the remainder of your anniversary year. Once you’ve reached your cap, there is just a $250 transaction fee for the next 20 transactions and $75 after that. ** Please note that new agents or those who sold fewer than three (3) homes in the past 12 months will be in the eXp Mentor Program. There is an additional 20% split for your first 3 transactions with your local mentor and the mentor program training. So 60/40 for your first 3 transactions. In order to keep your monthly costs down, eXp elected to charge your E&O (Errors and Omissions) Insurance by transaction. You pay just $40 per sale until you reach the $500 annual cap. There is also a $25 broker review fee to ensure your contracts are rock solid! When you join eXp Realty, there is a $149 Startup Fee that includes your first monthly fee as well as: 1,000 business cards Setup of your new lead generation website Contact Management System Regus Business Center Membership HelloFax # and Toll-free 800# Google Apps for work, storage, email Breakthrough Broker Membership Skyslope Transaction Management System Your own Agent Attraction Website Access to eXp World, our virtual campus

What is Revenue Share? eXp Realty Revenue Share is a percentage of revenue that agents earn for attracting that agent generating the revenue into the company. All agents at eXp Realty are on an 80/20 split with the company. When an agent closes a deal, a percentage of the companies 20% goes back to the agent that sponsored them. I’ll get into the breakdown of percentages later on. But for now, just remember that Revenue Share is paid by eXp Realty from eXp’s percentage of the commission split, the 20%. We’ll refer to this 20% as “company dollar”. Revenue Share is paid out on every deal up until the agent caps for the year and no more company dollar is earned. The cap is $16,000 in gross commission income paid into the eXp Realty. This totals $80,000 in total commissions. $80,000 x 20% = $16,000 paid into eXp Realty. At this point, the agent is at 100% for the rest of the year until their cap resets. Once the agent’s cap resets on their anniversary with the company, Revenue Share starts back up all over again. Why is Revenue Share Important? Exit Strategy The importance of Revenue Share for real estate agents cannot be understated. Most agents work decades and don’t have much to show for it at the end because all the commissions earned over the years get spent along the way of life. eXp Realty Revenue Share is different, however. Even when an agent decides to stop selling real estate, they will continue to earn income from the Revenue Share program. There are no vesting requirements. However, you do need to keep an active real estate license and have it be held by eXp Realty. Revenue Share is looked at like real estate commissions and in order for commissions to be paid in most states and countries, you need an active real estate license.

eXp Agent Healthcare is offered through a health insurance broker Clearwater and is saving agents thousands a year. eXp agents can have exclusive access to industry-leading plans for themselves and their families, which provide a unique balance between affordability and high-quality coverage. Many plans include low copays, low out-of-pocket costs and zero-dollar deductibles. That means agents will be able to get the healthcare they need at prices substantially below traditional open-market health plans.

U.S. Domestic Teams eXp Realty provide legally married couples in the U.S. the option of a Domestic Team structure. It includes: ICON eligibility with one award to the team One capped transaction fee of $5,000 One Risk Management fee of $40 per transaction, capped at $500 per year One shared commission cap of $16,000 One join fee of $149 Self-Organized, Standard and Mega Icon Teams These teams are defined as: One lead agent or team leader One or more licensed agent working as a team member with a team agreement Team agreements are mutually agreed upon terms between the team leader and team members. These agreements are in writing and carefully considered to ensure compliance with all federal, state and local laws as well as company policy. eXp Realty will not intervene in any disputes between team members and team leaders.

This is the at-a-glance information about being a team member of eXp Realty.

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