eXp Mexico FAQs
Frequently Asked Questions...
eXp Realty is the fastest growing real estate company in history with over 40,000 agents now open in MEXICO!
eXp Realty offers proprietary software, including the company’s cloud-based virtual environment, leading-edge marketing resources, world-class training, and a global real estate community to its network of agents. Additionally, a unique compensation model, which includes revenue share and equity ownership opportunities, offers agents a roadmap for building more wealth and financial security.
eXp Realty was founded by Glenn Sanford who was a former Keller Williams agent who realized that a cloud based brokerage that offered revenue share was the future of real estate.
eXp Realty was incorporated in 2009.
eXp Realty is agent owned meaning that agents can acquire stock in the company and have a vested ownership in the brokerage. There are 6 ways that agents can acquire stock, from simply purchasing it to achieving certain performance benchmarks.
A cloud brokerage is a brokerage that does not have physical offices and conducts business entirely on the Internet. Think of Amazon. They are a cloud company. They have no physical stores yet they sell a ton of merchandise!
It depends on where you are in Mexico. Recently a lot of big teams in Rosarito & Cabo who have space have flocked to eXp Mexico. So it's possible you might be able to use their space if you are on their team or work something out with them for a nominal fee. Other than that, every agent and broker works from home or a remote office space. The company realizes a tremendous savings and is able to pass on the savings to agents in lowered costs.
We are currently operating in 50 states, 7 provinces in Canada, and internationally in the United Kingdom, Australia, Mexico, South Africa, Portugal, France, India & Puerto Rico. Michael Valdes is helping the country to expand internationally and plans to grow eXp from 40,000 agents to 100,000 agents in 2021.
Ismael Gonzalez
Broker of Record, eXp Mexico
ismael.gonzalez@exprealty.net
Message on eXp FB Workplace
We are constantly growing but currently have over 40,000 agents. We are the fastest growing brokerage in the world right now and one of the top 1,000 residential real estate brokerages in the United States. For the third straight year we have been recognized on the Swanepoel Mega 1000 list and are currently ranked the No. 1 Mover and Top Independent Brokerage on REAL Trends 500 Report.
For every agent that you introduce to and joins eXp Realty, you will receive a portion of their annual commissions. You will also receive revenue from agents they recruit up to 7 levels deep. The revenue share component of eXp Realty is the way you can create income even after you stop selling real estate. Revenue share is one of the most compelling reasons agents join eXp Realty.
It is eXp's way of giving back a percentage of the revenue that eXp receives from commissions earned to the agent for helping to grow the company. This money comes from eXp Realty's side of the split. Because eXp Realty does NOT have all the overhead experienced by most traditional brokerages like brick and mortar offices, redundant staffing positions, and corporate recruiters, team leaders, and franchise owners, eXp can reward agents off the top, in the form of revenue sharing.
This revenue share can be earned from agents anywhere eXp is operating. Also, revenue share is paid per deal the agent closes regardless of if the agent does 1 deal a year or is a capping agent.
You can introduce eXp Realty to other agents you know in any country eXp is open by sending them to GlobalRealtyTeam.net and having them select their desired country.
A quick way to get them to our generic Mexico page is by sending them to ExploreMexicoModel.com. You can also check with your sponsor to find out if they have a recruiting page you might like to use better.
eXp Realty believes that the value proposition of the broker to the agent should be so good that it would be irresponsible for an agent to hang their license anywhere else. Supporting that belief is the extremely low cost of startup and monthly fees for all the value gained with eXp.
The initial startup is 1,000 pesos. After this, the monthly fee is 1,000 pesos and includes your tech and education.
The split is 75/25 with a 250,000 peso cap. There is also a 5% transaction fee (minimum transaction fee is 500 Mexican Pesos and maximum transaction fee is 15,000 Mexican Pesos)
eXp Mexico agents have the opportunity to earn company stock in multiple ways.
First off, an agent can elect to take advantage of eXp Realty's direct purchase plan. This is an optional program that allows agents to have 5% of their gross commissions automatically deducted to purchase eXp stock at a 10% discount to what the stock is being publicly traded at.
Next, agents can also be awarded free shares of eXp Realty stock for doing things they would normally in real estate anyways. For example, when an agent closes their first deal, caps, or attracts someone into the company and that agent closes their first deal. This stock, that is given to agents for free, is vested for 3 years. This means the agent needs to stay with eXp Realty for 3 years from the time they are awarded the stock.
The cloud campus, also known as “eXp World” is our virtual world where agents and staff meet on the web for training, collaboration, meetings, and support.
eXp Realty offers a full array of training offered every week. Currently over 50 hours a week. Learn from industry experts and top producers about:
- Sales and listings
- Lead generation
- Social media
- CRM & technology tools
eXp Mexico also offers weekly training events
All of our meetings are held in the eXp Cloud Campus. We have everything from a large auditorium to small intimate spaces to meet clients.
Yes, eXpCon is our annual conference held in different cities. Past conferences were held in Las Vegas, Chicago, and San Antonio. We also have annual ownership meetings for stockholders.
eXp Mexico is currently working on the website with IDX feed for Mexico agents. Currently when you join you will be given access to:
- eXp World
- Dedicated eXp Email address
- eXp Facebook Workplace
- eXp Global Real Estate Platform (REP)
Mexico agents are supported by the eXp Mexico Support Team. eXp also employs over 500 US and Canada based support staff 11 hours a day within their cloud office.
eXp Realty has a whole division that offers tech support. Need help with eXp email? Questions about your website? Wondering how to use Google apps? We have you covered. Live tech support is located in the eXp Cloud Campus.
There are many tools eXp gives to agents to collaborate, share referrals, and help one another. Workplace by Facebook is one of the most widely used by eXp agents.
This community looks and feels like regular Facebook, however, it's only eXp agents, leadership, and staff that have access. In here you'll find groups, referral networks, and a directory of everyone within the company that you can message within a moments notice. Just as Facebook has made the world feel a bit smaller, Workplace by Facebook makes a large company, like eXp, feel comfortable.
In addition to Workplace, agents collaborate in our cloud office and at corporate events like EXPCON and our annual Shareholder's Summit.
eXp Global is working to give eXp Mexico agents an enterprise dashboard that shows current and closed transaction details, cap and fees paid to date, and revenue share and stock earned. Once this is set up you will know exactly where you stand related to your cap, how much income you've earned for the month and year, and how many agents have joined your revenue sharing organization.
Your sponsor at eXp doesn't need to be local or even in your same country. Your sponsor and your broker are two separate people.
Your sponsor is who most influenced your decision to join eXp Mexico and who you believe will align with your goals and support your efforts the most.
Currently eXp Mexico is only accepting leaders and agents with sales experience since they do not yet have a formal Mentor Program for new agents in place yet.
Individual agents, teams and independent brokerages of all sizes are joining eXp.
Agents looking to join eXp Mexico can partner with the Global Realty Team and gain free access to our exclusive training, coaching, courses, marketing templates, webinars and support not found anywhere else!
CLICK HERE to review team bonuses.
When you join eXp Realty, just make sure the person you are naming as your sponsor is on the Global Realty Team so you are eligible to access our bonus support resources.
CLICK HERE for the eXp Mexico logos to use in your online branding.
Examples of the eXp Mexico logo being added to a Facebook Page and website for an existing company brand:
Example of incorporating the eXp Mexico logo into a personal brand: