eXp Realty Commission Splits & Fees
Some of you know about everything eXp Realty has to offer agents – from giving you KvCore – a website and CRM, Select Team’s Offering discounts to AgentZip’s powerful lead generation tools to dozens of weekly training sessions and their Virtual World Virbella – but you also want to make sure that the broker splits and fees are better (or similar to) your current real estate brokerage. In the following video, we do a deep dive into the eXp Realty commission splits, annual cap and any monthly or annual fees. There are also comparison charts based on your level of production each year so the typical agents and the top producing agents can see how much they could potentially save each year.
EXP has a Model that will allow you to earn more so you can keep 100% of your hard-earned commission each year.
$85/month cloud brokerage fee.
U.S. agent transaction fees $25/
broker review fee; $40/transaction risk management fee ($500 annual cap)
Keep 80-100% of your commissions
and enjoy a low $16,000 company cap.
80/20 Commission Split
All agents at eXp Realty receive an 80/20 commission split. This split caps at $16,000 gross commission paid into the company. When an agent earns $80,000 in gross commissions in a single year, they will pay 20% of that to eXp Realty. That is a total of $16,000. $80,000 x 20%. Once this happens, that agent will receive 100% of their commission minus a transaction fee, risk management fee, and a broker review fee.
After an agent-caps, they go to 100% and only pay $250 per transaction. If an agent pays in $5000 in transaction fees after capping, they will move to a $75 per transaction fee for the remainder of the anniversary year.
“The actual cost can vary. Being with eXp for 2 years, I have found the reoccurring charges to be a minimal part of the overall equation. In 2018, the company benefits outweighed the costs. In fact, in 2018 we experienced a net gain of $77,300.76. Having closed 101 transactions in 2018, our actual “cost” per transaction equates to a positive +$765.35. We have found, we are essentially getting PAID to be with eXp.
That said, below are the overviews, including fee structures, based on regions…
There can be slight variances when comparing U.S. & Canada, as well as in the soon to be launched International markets in the U.K. & Australia. If you want to join Exp in Austrailia – visit Agent Expert
When an Agent, Team Leader, or Broker Owner is considering making a move, sharing a conversation regarding the financial components & cost analysis is critical.”
If you are ready to join or talk to someone at EXP Realty, talk to someone by clicking Below:|
” eXp is pretty affordable. There is a $149 fee to join which includes your business cards and first months fees. Monthly fee is $50 for tech (includes all our tech, KV Core, Skyslope, Show me Now, etc) and $35 for education (total $85 per month). Transactions fees are $40 E&O and $25 Broker review (total $65 per transaction).
There are multiple ways to earn stock. You earn stock on your first transaction each year, when you cap ($16,000 cap) and if you introduce someone to the company. Also, you can take 5% of your commission and buy the stock at a 20% discount. On top of that, if you become an ICON (Jeff and Renee Funk are ICON’s) you can earn up to the $16k you pay the company back in stock.
Always glad to answer any more questions. Jeff and Renee can answer any questions too… Moving my brokerage was pretty scary as we were the biggest brokerage at the time to switch. It’s turned out to be an incredibly great decision.”
Commission Split (SEE 4 EXAMPLES BELOW)
- 80/20% Split until you reach the Cap of $16,000 (80k Gross Commission Income) then it goes to 100%
- After you have capped you’ll pay a fee of $250.00 for each transaction.
- Transaction fee drops to $75 once you’ve reached 20 post cap transactions (see ICON agent – ask for more details)
- Every Transaction you pay $40 in E&O insurance until you’ve completed 12.5 Transactions (Cap is $500 in most of USA)
- Every Transaction you pay $25 for Broker review fee (No limit but well worth it)
- 3 Free Personal Transactions with only $250 Fee + BIC and E&O
- Please see the STOCK OWNERSHIP when considering the comp plan.
Team Members have ONLY $8,000 Cap (40k in GCI).
Note: Team members with an $8,000 Cap don’t get any stock when they Cap and cannot become ICON, but they do receive stock on their first closing and can purchase the stock at a discount just like full cappers. They also have the same benefits when attracting agents to eXp.
Ask me about eXp Realty’s new MEGA Team/Brokerage Program! If you have at least 10 agents and meet minimum production standards you might qualify! The program is designed for you and your team! Email me for more info [email protected]
Don’t forget to find out how you can GET ALL YOUR $16,000 CAP BACK IN STOCK!
EXAMPLE ONE: BEFORE YOU’VE CAPPED AT EXP REALTY AND YOU PARTICIPATE IN THE (OPTIONAL) STOCK PURCHASE PLAN. NO OTHER AGENT IN TRANSACTION.
Notice the Stock Comp fee of $726.75(which is voluntary) is 5% of the NET, not the GROSS.
EXAMPLE TWO: BEFORE YOU’VE CAPPED AT EXP REALTY AND YOU PARTICIPATE IN THE (OPTIONAL) STOCK PURCHASE PLAN. IN THIS TRANSACTION THERE IS A 25% REFERRAL TO ANOTHER EXP AGENT.
Notice the Risk Management and Broker Review fee is 25% less, because the eXp agent you paid the referral to made up the other 25%.
EXAMPLE THREE: AFTER YOU’VE CAP AT EXP REALTY, AND PARTICIPATE IN STOCK PURCHASE PLAN. NO OTHER AGENT IN TRANSACTION.
Notice the $250 fee instead of 20% reduction.
EXAMPLE FOUR: AFTER YOU’VE CAPPED AT EXP REALTY AND PARTICIPATE IN THE (OPTIONAL) STOCK PURCHASE PLAN. IN THIS TRANSACTION YOU HAVE A BUYERS AGENT SPLIT OF 60/40 (YOU GET 40%) AND PARTICIPATE IN STOCK PURCHASE PLAN.
Notice the fees are shared with the Buyers agent based on a 60/40 split you have with them, plus you and your BA are NOT DOUBLED BILLED. You pay your portion(40%) of the fee based on your cap status and buyers agent pays theirs based on their capped status. In this case, I received 40% of the BA commission so I paid $100 of the $250 which is 40%(remember I have capped) and ZERO Risk fee(because I already paid the $500 per year charge for E&O), so the buyer’s agent pays their portion of split to eXp which is either $150(remaining balance of $250) or their 60% portion of the 20% gross split they have with eXp Realty until they cap. They will also pay their portion of the Risk fee(if any exist) which you didn’t have to pay because you had already paid off the $500 E&O during the course of your anniversary date.