So you’ve done it. You’ve finally got your real estate license, and you’re feeling good. After putting in the long hours and the hard work, your goal is finally achieved. Only one question: now what?
For newly licensed agents looking to get started in the real estate business, there is help available. Elizabeth Riley of eXp Realty is ready to assist. With 15 years of professional expertise, she has the consummate eXp agent experience and knowledge any newly licensed real estate agent needs.
Frankly, the real estate industry is filled with real estate agents just like you. Some of these real estate agents have years of real estate experience, with diversified portfolios, steady income, and a booming business.
Others are new and fresh, just trying to join a real estate brokerage they can trust.
The sterling agents at eXp Realty know exactly what it’s like.
How to Know if eXp Realty is the Right Fit
Many real estate agents get their licenses and then don’t know what to do. This is common and frankly, understandable. Before you start your own company, you should consider establishing yourself with a firm.
However, there are many real estate brokerages out there and it can become disorienting as you search for the right fit. Becoming a sponsored agent can be a difficult process.
There are many questions and concerns agents should have before they decide to join eXp Realty or some other more traditional real estate brokerage.
Important Questions for Any New Agent
- Are the partners dedicated to one another and to their clients?
- How many transactions do top-producing realtors average? Is there a strong revenue share program?
- What are the networking opportunities, growth opportunities, and training opportunities?
- What tools, technologies, and resources are at an agents’ disposal?
- What are the fees, expenses, and savings associated with the company?
- What markets does the agency target? Are they in multiple states, nationwide, international, and/or global?
Whatever you do, don’t settle for anything less than an amazing company. You want your first transaction to be a good one.
The Importance of Brokerage-Agent Attraction
Don’t go on a blind search. You should focus on finding a brokerage that specializes in the markets and areas that attract you. As you start off on your new agent career, a sound brokerage can provide you with resources, networking, and financial backing to get going.
You may even receive all-important live training. The right brokerage company can help you with great tools for lead generation, getting paid, and ongoing growth opportunities.
At eXp Realty, every eXp agent has the opportunity to build an impressive professional profile through cutting-edge access to eXp world holdings.
This is one of the top reasons joining eXp is so appealing.
What eXp Realty Does For New Realtors
The founder of eXp, Glenn Sanford understands the industry. It rarely empowers agents, benefits their business, or gives them the tools they need. As a result, agents get stuck in the rat race. They lose sleep, miss family, and get nowhere.
eXp Realty is different. eXp Realty’s agents have 24/7 access to incredible cloud-based resources. This cloud-based brokerage allows for a truly global network of inspired, motivated colleagues. The eXp world experience is unlike any other.
There are countless reasons to join eXP Realty and begin your real estate experience.
Top Benefits eXp Realty Offers eXp Agents
At eXp Realty, eXp agents are proud to be part of something that is not like traditional brokerages. Brick and mortar brokerages can be burdensome and inefficient.
By comparison, the innovative virtual business model of eXp Realty advantages agents in many ways. It is a far cry from traditional brick-and-mortar offices and their hefty fees.
Due to this low overhead, eXp Realty agents enjoy many great benefits when they join eXp Realty.
eXp Realty Commissions and Transaction Fees
Agents often receive healthy, substantial commissions. Following a transaction, eXp Realty offers an 80/20 commission split up to a $16,000 cap. After the cap, agents enjoy 100% commission through the anniversary date. Afterward, agents enjoy a reduced $250 eXp Realty transaction fee for the next 20 transactions.
After this, eXp Realty takes only $75 for each transaction. Productive agents may gain additional benefits, while agents struggling to produce are afforded the unique eXp Realty Mentor Program.
Through this comprehensive training, agents for eXp Realty learn about vital sales tactics, crucial lead generation tools, and top transaction management programs.
The eXp support staff are more than happy to help guide inexperienced realtors throughout this training process.
eXp Realty Savings for eXp Agents
As part of a global family, an eXP realty agent enjoys revolutionary advantages. The eXp reality experience is not traditional. Agents enjoy extensive savings when compared to agents at traditional brick-and-mortar offices.
As a cutting-edge cloud-based brokerage with global networking, eXp Realty does not incur the usual expenses. As a result, savings are passed onto agents.
Based on comparative analyses, eXp Realty’s agents can potentially save tens of thousands of dollars in take-home pay. The typical real estate agent sells about a dozen homes a year, which amounts to a Gross Commission Income (GCI) of roughly $80,000 and a savings of $8,000.
Top producing agents who generate $300,000 GCI can expect average savings of $60,000.
While many traditional brokerages reduce agent commission, eXp is the opposite.
The eXp Realty Fee Structure
This is a vital factor for young, fresh agents looking to boost their income right away. When they join eXp Realty they learn quickly: the eXp enterprise is one-of-a-kind.
With eXp Realty there are no desk fees, royalty fees, or franchise fees. When agents join exP Realty, they simply pay a $149 startup fee, which includes the first month and countless invaluable resources. After that, the monthly fee is only $85.
Agents gain immediate use of transaction management systems, the KVCore CRM system, Google Apps, training videos, website development tools, and more.
There are also university-style classes, workshops, and training seminars.
It is no wonder that so many agents are joining eXp Realty. The eXp Realty experience is truly unlike any other.
Top eXP Realty Rewards For Agents
An agent with eXp has the potential to reap many benefits for producing sales and steady income. The opportunities are extensive. Many agents can take full advantage of the eXp realty revenue share program. Revenue sharing ensures that partners dedicated to closing a deal get their fair share.
Revenue sharing is great for young agents, who can fly under the wings of other agents and still get paid through essentially on-the-job training.
In addition to revenue sharing, eXp agents can also enjoy equity opportunities and stock options.
The most prestigious of honors among agents is the ICON Program. Based on one’s production performance and other metrics, this program provides various coveted advantages. Agents can enjoy monetary incentives, access to exclusive features, company-wide recognition, and other handsome awards.
To be awarded under the ICON Program, an agent must satisfy different conditions. These conditions are scaled so that the top-producing agents garner the most distinguished honors.
ICON Program Awards may include:
- $4,000- ICON Event Award
- $4,000 – ICON Cultural Commitment Award
- $8,000 – ICON Production Award
- $16,000 – ICON Stock Options Awards
- ICON Agent Workplace Membership
- ICON Brand Kit
- ICON Production Trophy
- ICON eXp World Badge
- ICON Agent Publication Feature
- ICON Event Exclusive Access
The ICON program is yet one more reason why eXp Realty is a top choice for entrepreneurial agents who are just starting. Aside from all the tools, technologies, and opportunities, eXp agents also capitalize on professional organizations affiliated with the company.
As eXp agents expand their real estate profiles, many of them go on to form new groups and partnerships. For a real estate agent looking to start his or her own business, the eXp world holdings network is a perfect jump-start.
An agent can even use an exit strategy when deals go awry.
Making a Career with eXp Realty
The numbers speak for themselves. eXp Realty was recently ranked first in several key 2021 brokerage categories: Independent in the U.S., Mover in Transactions, and Highest Five-Year Increase in Sales Volume Percentage.
In the latter category, eXp experienced a 2,000% increase in sales over the past five years!
This is why agents are flocking to eXp Realty. From 2020 to 2021, the brokerage grew by 62%, with over 24,000 new agents joining the company in just a year.
It’s simple. If you’re a recently licensed real estate agent, you want a company that can help you create an impressive resume. You want top-tier training and skill development. You want to close big deals, make great money and even enjoy a reliable passive income.
You want a company like eXp Realty.
If you’re seeking an empathetic, intelligent, and expertly experienced professional, Elizabeth Riley of eXp Realty is ready to help. She knows how the industry works. It’s merciless. Many brokerages are often neglectful, hurting when they should help.
Don’t get chewed up and spit out with your first transaction. Learn more about eXp Realty. Start your career with the best, and contact Elizabeth Riley to accelerate your future!