Sandra Arnold Real Estate with eXp Realty | Licensed in the Commonwealth of Virginia
eXp Realty is the first agent-owned, cloud based brokerage. It was started in 2009 by Glenn Sanford, who previously ran a top team at Keller Williams Realty. eXp is the fastest growing real estate brokerage in the nation with over 60,000 agents as of September 2021. It has disrupted the traditional brokerage model by introducing three distinct revenue streams for agents.
The highly collaborative environment at eXp will have you up and running quickly and efficiently, even if you're a new agent. eXp offers a generous 80/20 broker split which caps at $16,000, but you can earn that entire cap back for a 100%+ agent split. Other fees are as follow:
Would you like to own a part of your brokerage? When you sell a house with eXp, you become a company shareholder. Additionally, you have the opportunity to earn shares at various milestones, purchase them at a discount with your commission, and earn your entire $16,000 cap back in stock for selling 20 homes after you cap.
Our cloud based model eliminates substantial overhead carried by traditional brokerages. This allows eXp to give agents the opportunity to make passive income by sharing the eXp experience with other agents, and then helping them grow their businesses. We believe this is a fundamental tenant of our successs. By creating incentive structures that encourage collaboration, we are able to change a traditionally cut-throat business model into one that embraces open innovation and information sharing.
If you have more questions about how eXp is disrupting the real estate market, reach out to me and find out more.
Contact Sandra