No desk fees. No royalty fees. No franchise fees.
eXp Realty’s revolutionary virtual-office business model does away with the added costs of a traditional brick-and-mortar brokerage. Keep 80-100% of your commissions, and enjoy a low company cap. Many of you have heard about all that eXp has to offer their agents – from powerful lead generation tools to dozens of weekly training sessions — but weren’t quite sure what our fee structure looked like. This is your chance to compare eXp Realty commission splits with your current brokerage.
When you join eXp Realty, you become part of a global family of agents and partners dedicated to transforming the real estate experience. When any location equipped with Wi-Fi can serve as your home office, the benefits quickly stack up. When a problem comes up, instead of driving to an office to find the one person who can help, eXp agents simply log on to their cloud-based office, take a virtual ticket and promptly receive help from one of the 600+ pros. This quick response, customer service style is status quo at eXp and only one of a dozen reasons why eXp excels beyond traditional brokerages.
Revenue Streams
Upfront Fee
When you join eXp Realty, there is a one time $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
Additional Basic Fees
There is a monthly fee of $85 that covers your lead generation tools and the university tuition that includes 60+ hours of live training classes each week, guest speakers, workshops, and mastermind sessions. You’ll also have access to a large library of on-demand training videos that cover everything from generating leads on Facebook to building a team. In addition, there is a $25 broker review fee per transaction as well as an E&O fee of $40 per transaction that caps at $500 per year.
eXp Realty Commission Splits
There is an 80/20 commission split until you reach your $16,000 annual cap. For those of you that 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.
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!
Agent Savings
In the video, we also looked at what real estate agents would take home at the end of the year versus the average real estate brokerage. For the typical agent who sells about 10-12 homes and does $80,000 GCI, they could potentially save over $8,000 per year with eXp Realty. For top producing agents who are selling about 25 homes and generating $300,000 GCI, the savings averaged about $60,000. See the full example of the eXp Realty commission / fee breakdown in the video above as well as the different options for you to earn back some or all of the money you paid into the brokerage.
