When it comes to being a licensed real estate agent, the game is tough. The competition is stiff and the industry is unforgiving. With more than three million licensed real estate agents in the United States currently, it can be hard for a new real estate agent to carve a niche. Hours can turn to days and days can turn to months, leading to untold amounts of time away from family, friends and life in general.
Fortunately, top real estate agents can help. If a new agent is struggling, overworked and underachieving, eXp Realty is ready to assist. In just a 45-minute Growth Meeting, Elizabeth Riley of eXp Realty offers the trustworthy, industry-tested expertise a new agent needs and deserves.
Establishing Oneself as a New Real Estate Agent
Real estate entrepreneurs want success and growth. They seek a robust and sustainable income, balanced with a healthy, enjoyable lifestyle outside of work. They want a real estate brokerage that can leverage their skills, build their portfolio and establish a lasting reputation.
Unfortunately, the industry is built against them.
Firms like eXp Realty, and eXp agents like Elizabeth Riley, understand this. With years of experience and numerous eXp world holdings, these realtors can accelerate the trajectory of a new agent.
Learning the eXp Realty Experience
When an agent, new or veteran, chooses to join eXp Realty, that agent is joining a team of top producing agents. These producing agents earn substantial profits from a number of shared and personal transactions. They are experts at lead generation and have capitalized on a number of eXp world holdings. Simply put, they are amazing at what they do.
Not all agents can say the same.
Many agents shortchange themselves and their clients. Other agents are stagnating with ineffective and inefficient brokerage firms, struggling for more leads, struggling with transaction fees and struggling to maximize revenue share. Simply put, they’re struggling.
Many realtors are stuck in the rat race, spinning their wheels and losing traction.
A top global brokerage like eXp Realty can help. If real estate agents want to save money and optimize each transaction, they must take certain, crucial steps. That’s why eXp Realty offers a number of lead generation tools, training videos, and other marketing materials that every real estate agent needs.
If an agent is looking to supercharge his or her real estate earnings and portfolio, it all begins with brokerage. The first step for a new agent is to become a sponsored agent.
Becoming a Sponsored eXp Realty Agent
Before his or her first real estate transaction, before worrying about the transaction fee or broker review fee, a new realtor should consider the track record of the real estate brokerage. A top broker is a consummate real estate professional who empowers agents. Individual agents should seek professionals with established networks, extensive market knowledge, and a top-tier industry reputation.
When an agent chooses to join eXp Realty, that agent is seeking access to all of the amazing tools, assets and expertise eXp Realty offers. Every eXp Realty agent receives a generous commission split. After the transaction fee, risk management fee, and broker review fee, the agent can take home a healthy profit.
The monthly fee associated with eXp Realty is competitively and fairly priced. All eXp Realty fees are nothing when compared to the substantial savings eXp Realty agents enjoy. There are numerous reasons to join eXp Realty and become an agent.
Top Reasons to Join eXp Realty
At eXp Realty, the opportunities for growth are endless. One of the most popular options for a realtor is the revenue share program. In addition to revenue sharing, agents of eXp Realty can earn equity awards and receive stock for achievements. These expi stock awards are particularly attractive to eXp agents.
Overall, shareholders in eXp Realty enjoy numerous benefits and advantages that the average real estate agent does not. Whether it be the eXp Realty commission, the icon agent program, the enterprise dashboard or one of many other unique features, there are countless reasons to join eXp Realty. There is always the potential for additional income.
At eXp Realty, the eXp Realty fees are structured in a way that is neither onerous nor deceptive. From their very first transaction, agents start with a leg up on their competition. The strategic partnerships and top-tier tools ensure that every sponsored agent sells to the best of his or her ability. With robust eXp realty commission splits, every eXp agent can capitalize.
Before joining the team, it is important that every real estate professional understands how eXp realty’s commission split works.
Generous eXp Realty Commission Splits and Caps
The eXp commission split is 80/20 until a $16,000 annual cap is reached. Once this commission cap is reached and eXp has been paid the $16,000 annual cap, a realtor can keep 100% of commissions. This eXp realty commission structure motivates agents to capitalize on each and every transaction. Moreover, it also allows for healthy and fruitful profit margins.
After an eXp realtor has reached the cap, there is a $250 transaction fee for the next 20 transactions. After these 20 transaction fees, each transaction only incurs transaction fees of $75, and that’s it!
However, circumstances may be slightly different for new agents. Any eXp realtor who has sold fewer than three homes in the past year will be placed in what is called the eXp Mentor Program. This program requires an additional 20% split on the first three transactions. This commission split for each transaction is shared with the local mentor.
This local real estate mentor can help new agents navigate the ins-and-outs of the local market. The mentor will also assist agents in learning the systems, tools and educational coursework provided by eXp Realty. Agents can even shadow the mentors during listing and buyer appointments.
These eXp mentors are certified and extremely knowledgeable of the local market. They can be an invaluable resource for new and inexperienced agents.
Awards and Recognitions for Exemplary Agents
Once an agent has spent enough time with eXp realty and has achieved a high level of success, special recognitions may become available. These recognitions and awards may offer additional opportunities for expi stock awards, revenue share and the like.
An eXp agent who is recognized as an icon agent is privy to many monetary benefits. An icon agent must embody eXp Realty values for an extended period, in addition to meeting certain production requirements. Once a number of conditions are satisfied, icon agents may enjoy some or all of the following:
- Up to $16,000 USD in ICON Stock Awards
- $8,000 for the ICON Production Award
- $4,000 for the ICON Cultural Commitment Award
- $4,000 for the ICON Event Award
- Membership in the ICON Agent Workplace
- ICON Badge in eXp World
- Publication as an ICON agent
- ICON Brand Kit Exclusive Access
- ICON Production Trophy
- Invites to ICON-only events
This is not an exhaustive list, as there are other recognitions, awards and additional income opportunities that may be offered. The professionals at eXp Realty understand that hard work should not go unnoticed. That’s why they go out of their way to honor exemplary realtors. Although there are no minimum production requirements at eXp, it truly pays to do well!
Unlike other brokerages, eXp does not charge exorbitant or unnecessary fees. Due to a largely virtual environment and cutting-edge technologies, eXp is able to cut a lot of the fat, so to speak. This revolutionary business model allows eXp to broker many firms, including Elizabeth Riley’s Luxe Property Group.
Because of eXp’s unique structure and approach, there is ample opportunity for growth. Any dedicated and capable agent can become a successful team leader. Many of the burdens of traditional brick and mortar locations have been removed. The ‘normal’ fee structure is a thing of the past.
The eXp Fee Structure and Savings
One of the most attractive aspects of eXp Realty is the waiving of many common fees. Unlike many other firms, the company does not charge desk fees, royalty fees or franchise fees. These franchise fees especially can be significant, meaning that realtors with eXp Realty enjoy savings right away. Sometimes such fees are so exorbitant, it can feel like a pyramid scheme!
Fortunately, eXp Realty only charges a $149 Startup Fee to get started with the company. This includes the first monthly fee. For less than $150, agents receive a range of useful tools, materials and technology access.
In terms of materials, the company provides 1,000 business cards to help expand a realtor’s reputation. In terms of tools and technology access, agents receive website setup, access to the contact management system, Google Apps, fax and phone numbers, and more.
A variety of management systems ensure that agents are fully integrated with the eXp brokerage system and experience. For all of this, realtors only need to pay the $85 monthly costs, which cover a variety of lead generation tools, classes, workshops, and training sessions.
Again, eXp does not require desk fees or royalty fees. Nonetheless, new agents gain access to an incredible depth and breadth of eXp world holdings information. In addition, the company provides access to countless on-demand training videos. This informational content covers everything from generating convertible leads to building a foolproof team.
It is no wonder that so many agents are joining eXp Realty. In many ways, the eXp Realty experience is unlike any other.
Why the eXp Realty Experience is Unmatched
Unlike franchise models such as Keller Williams, eXp is a singular independent brokerage. It is not restricted to territories, regions, or franchise locations. It is supported by a truly global community of international experts who collaborate across cutting-edge technologies.
This cloud-based environment allows for 24/7 access to every conceivable resource. Shareholders and contributors can rest assured that when they need something, it’s available.
This is critical. Every eXp realtor understands that the real estate business isn’t easy. Agents work hard, put in time and effort, and occasionally struggle. Fortunately, expert brokerage can streamline many of these difficulties. Although not every transaction gets finalized, there are always other opportunities.
With eXp Realty, the potential for steady and sustainable income streams is everywhere.
At eXp Realty, marketing and management drive the eXp world profile. Together, eXp professionals foster trust, empathy and a working relationship that is beneficial for all. Transaction by transaction, lasting professional partnerships are cemented and legacies are built.
Groups such as Elizabeth Riley’s Luxe Property Group are just one example of the strategic partnerships that can blossom under the brokerage of eXp.
Based in Austin, Texas, the group fuses local expertise with global connectivity. Drawing upon the reservoir of eXp Realty, Elizabeth Riley helps supercharge the careers of real estate agents everywhere.
Dedicated not only to growth and success, Ms. Riley also values the importance of “QOL” or Quality of Life. With 15 years of experience, she understands how the industry can chew up and spit out many hardworking realtors. That’s why her approach recognizes the importance of life outside of work.
In her own words, it’s about working smarter and not harder. By connecting with successful agents, Riley can save realtors time and money while helping them consistently grow.
The process is simple. Ms. Riley first establishes a rapport through a constructive call. Then an onboarding specialist handles the application. After this, the applying realtor is plugged in and fast-tracked through the system. Equipped with the right tools and technologies, the sky is the limit!
The global reach and influence of eXp Realty cannot be denied. The company is one of the premiere online brokerages in the world. Realtors seeking to accelerate their growth and success can schedule a 45-minute Growth Meeting with Elizabeth Riley today.