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)
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.
When an Agent, Team Leader, or Broker Owner is considering making a move, sharing a conversation regarding the financial components & cost analysis is critical.”
” 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.”