Licensed Real Estate Agents…
It’s Your Career… Own It!
Agent-Centric, Client-Focused, Innovative, Cutting-Edge
eXp Realty is a rapidly-growing Agent Owned Cloud Brokerage® that has adopted a low cost, high engagement strategy of attracting and retaining agents through a unique combination of online, virtual, immersive technologies along with a highly competitive financial commission model that offers the most aggressive revenue sharing model in the real estate industry. Unlike “virtual” brokerages however, where agents often work in isolation, eXp uniquely uses a stimulating and highly interactive Cloud Office
where agents and brokers can attend approximately 25 hours of live training each week; attend Cloud Office parties; and, learn from, share with, and develop meaningful and lasting relationships with real estate professionals around the United States and Canada, and ultimately around the globe. eXp Realty is a full service real estate brokerage that offers 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through it’s 3-D full immersive cloud office environment. This effectively reduces the agent’s overhead, increases their profits, and provides greater service value to customers. eXp Realty holds the perpetual license for the real estate industry, on this cutting edge collaboration technology called VirBELA, also utilized by various grad and medical schools, business schools and fortune 500 companies.
Highly compensated and ahead of the technology curve within the industry, eXp agents are also Agent-Owners through multiple opportunities to own shares of common stock in a publicly traded company for achieving easily attainable production and growth goals. At eXp agents and brokers are the most valuable asset of the company. As we are all shareholders we grow together and help each other to prosper.
As a publicly-traded company, eXp Realty International Corporation must report to the SEC and is a healthy company. It uniquely offers agents and brokers the opportunity to earn equity awards for production and contributions to overall company growth. eXp also features and aggressive revenue share that pays agents a percentage of gross commission income earned by fellow real estate professionals whom they attract into the company. With a robust compensation plan, eXp agents utlize a 80/20 commission split with a low $16,000 cap. From that 20% that eXp Realty takes in from it’s agents, it pays out approximately 11% and keeps 9% per month. By eliminating the need for bricks and mortar and hundreds of millions of dollars in traditional leases; eXp Realty has the most robust revenue sharing program as well as it is a brokerage that can afford to invest back into it’s agents by offering tools and software that other large brokerages cannot.
More about Revenue Share Models & Attracting Industry Talent! ...
Laura Tyson (a former chair of the US President’s Council of Economic Advisers) elaborates in her article The Profit-Sharing Economy how companies that give back to their employees/workers experience greater retention.
Together with job training and opportunities for workers to participate in problem-solving and decision-making, such programs have been shown to foster employee engagement and loyalty, reduce turnover, and boost productivity and profitability….
Profit sharing also benefits workers. Indeed, workers in companies with inclusive profit-sharing and employee-ownership programs typically receive significantly higher wages than workers in comparable companies without such arrangements. About half of Fortune’s list of the 100 best companies to work for have some kind of profit-sharing or stock-ownership program that extends beyond executives to include regular workers.
In their Fortune Magazine article Southwest Airlines’ profit-sharing payout: What capitalism should be, Joseph Blasi and Richard Freeman discuss how Southwest Airlines builds loyalty and builds it’s business.
Today, Southwest is likely also gaining loyalty and productivity as a result of their profit-sharing, as well as the broad-based employee stock ownership they encourage among workers. The idea of employees owning shares through Employee Stock Ownership Plans (ESOPs) or receiving parts of profits grew and evolved throughout American history. Southwest Airlines is well within this interesting tradition by recognizing that its employees should have a direct stake, beyond their salaries, in the success of the airline and any good fortune that accrues as a result of how customers regard the company.
eXp Realty – State compliance -Brokers In Charge
We utilize technology to increase collaboration and streamline communications between real estate agents and their brokers/managers. At eXp Realty, 35% of our brokers have broker management experience or a Broker license.
Are you one of the 68% of Americans that are not saving for your retirement? The reality is that 1 in 3 people have saved 0% for their retirement. It is not that you do not want to, but sometimes life throws things at us and it is harder than we expect to plan for the years to come when we may not be able to work at our real estate businesses. At the National Association of REALTORS® Leadership Summit in 2016, then president-elect Bill Brown spoke of the importance of real estate agents planning for the future.