Frequently Asked Questions...
eXp is the #1 Agent-Owned Cloud-Based Real Estate Brokerage in the World.
eXp World Holdings (Nasdaq: EXPI), the parent company for eXp Realty, is one of the fastest-growing real estate companies in the world with more than 40,000 agents across the globe. 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 to elevate themselves, their families, and communities by potentially building financial independence.
Agents looking to join eXp Realty can partner with the Global Realty Team and gain free access to our exclusive training, coaching, courses, marketing templates, weekly 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 private members area.
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 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!
We are currently operating in 50 states, 7 provinces in Canada, and internationally in the United Kingdom, Australia, Mexico, South Africa, Portugal, France & India. Michael Valdes is helping the country to expand internationally and plans to grow eXp from 40,000 agents to 100,000 agents in 2021.
Yes, we currently have residential, commercial, REO, and a luxury division.
Each state and country has one broker. Some larger states and countries also have compliance brokers to help with reviewing files.
We are constantly growing but currently have over 60,000 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.
Please refer to country details on how the revenue share works.
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 fees and deliverables vary country to country. Click here to view the business model for each country.
This varies country to country. Click here to view the business model for each country.
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
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.
Agents are supported by over 500 US and Canada based support staff 11 hours a day within our cloud office. Staff ranges from transaction management, agent concierge, tech support, accounting, HR, team support, onboarding support, plus many other departments
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.
At eXp Realty, all agents have an enterprise dashboard that shows current and closed transaction details, cap and fees paid to date, and revenue share and stock earned. You'll 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 state or country. Your sponsor and your broker are two separate people (in most cases). All states and provinces have their own broker whom you'll be licensed under to do business.
Your sponsor is who most influenced your decision to join eXp Realty and who you believe will align with your goals and support your efforts the most.