eXp Realty is an excellent company with an incredible platform for agents that helps them grow their business. The #1 reason eXp is exceptional is that eXp Realty agents can build a better business around the lifestyle they want.
eXp Realty is one of the nation’s fastest-growing real estate franchises. What makes us different? We believe in our agents. Every agent at eXp has a unique opportunity to use their talents and skills to build their own business.
While there are many great brokerages, eXp offers the best tools to help any agent, whether you’re new to the industry or have closed hundreds of deals. Here is why eXp Realty agents have an edge in the real estate industry.
How Does eXp Realty Operate?
eXp Realty is a cloud-based brokerage that provides vast digital resources for all its workers. Agents and brokers communicate, work together, and share their knowledge with each order to grow and establish their businesses.
This online platform makes it easy for agents to stay informed about the company’s operations and other trends or changes in the real estate industry. New agents can get all the help or training they need and experienced agents can share their knowledge or learn from new agents too. You can do everything from your home or wherever you choose.
The level of cooperation among the agents at eXp is another distinctive feature. The company is all about building and supporting everybody at various levels.
Additionally, eXp Realty doesn’t operate under a franchise system which significantly distinguishes it from most other brokerages. Agents can create their own business under the wings of eXp Realty. Think of it as owning a local franchise without having to spend a lot of money for it.
With only $149, you can start and expand your real estate business globally to all 50 U.S. states and 14 other nations. This innovative approach helps agents maximize the scope of the real estate industry with eXp Realty’s technology, support, and reach.
Tools & Resources for eXp Realty Agents
At eXp Realty, we promote the idea that agents should work together. That’s why we share our favorite resources for agents looking to grow their businesses.
eXp World
eXp World is a virtual environment that provides training and assistance for every agent at eXp. Using this platform is pretty straightforward. After downloading the software and creating your avatar, you can visit numerous departments and training rooms to find all the help you need.
You can participate in live training sessions throughout the day in different “classrooms” as well. Every Sunday night, eXp sends out a training calendar with a list of all the training for the coming week and instructions on accessing it in eXp World.
Furthermore, you can get on-demand assistance from your state broker and transaction coordinators, tech support, onboarding, and team services. Since eXp doesn’t operate a brick-and-mortar office, you can access these resources from anywhere in the U.S. or the other 14 countries in which eXp operates.
KvCORE
eXp Realty helps its brokers with some leads using the KvCORE platform. All eXp Realty agents have access to kvCORE. But this doesn’t mean the agent or broker won’t have to work.
How does this work? The agents in each market receive leads via eXp’s corporate website. These leads are distributed by kvCORE and get assigned to agents based on:
- the number of eXp agents in the market
- the level of demand in the neighborhood.
With kvCORE, agents can access a back-end CRM database and their lead-generating website. Together, these systems support agents in generating leads from multiple sources.
You can set up accounts to search for properties and receive update notifications. You’ll also have information on the most searched properties and homes that interest people. Thanks to the effective CRM system, agents can manage a massive leads database without a communication breakdown.
Facebook Workplace
The Workplace is the global communication hub for eXp Agents and Staff. We use it to exchange knowledge, organize teams, and solicit assistance from many sources. Great tips from other agents throughout the world are just a click away.
Your news stream in the Workplace contains notifications, recorded training, posts from agents, and recommendations. You can join different groups, such as the referral network, real estate training 101, your state group, and many others.
Like Facebook, you can interact with other employees in eXp Realty on the Facebook Workplace. Various staff, brokers, and realtors at eXp use this platform. You can quickly meet agents in your state or from another country where eXp operates. It’s an excellent way to communicate and collaborate.
Skyslope
eXp Realty agents have access to a transaction management tool known as Skyslope. They use this tool to manage their transactions, collect signatures on paperwork, and upload papers to eXp Realty’s transaction and broker team.
There are several advantages of using Skyslope, but one of the most significant benefits is the assurance of a thorough review of your file by your state broker and the transaction coordinators at eXp Realty.
When you create a new file and input the information, Skyslope builds a checklist based on what is necessary for your market for that specific kind of file.
Finally, the transaction coordinators at eXp Realty will provide you with a “Disbursement Authorization” after all the paperwork gets submitted. You will need to deliver this authorization to the title firm to ensure you get paid at closing with a separate check from eXp Realty.
Center for Branding and Marketing
As an eXp agent, you have access to a full-service center for branding and marketing. This center provides several materials and resources for agents to create and market their brand or business as soon as they join eXp Realty.
Everything you need, from listing and social media platforms to open house handbills, buying and selling guides, and purchase and listing presentations, are available in the marketing and branding center. As long as you adhere to state advertising laws, you will receive all the support you need for your brand.
eXp Enterprise
Each agent at eXp Realty has access to a panel that displays information on open and closed transactions, paid cap and fees, received revenue share, and stock earned. Additionally, you can always check the enterprise dashboard for your monthly and annual income, your cap status, and the number of agents under your revenue share. You can easily access my transaction records by logging into eXp Enterprise.
Partnership with Regus Office
Members of the shared workspaces at the Regus local offices are given a complimentary membership to agents who join eXp Realty. If you ever require a brick-and-mortar office, eXp has got you covered.
You can also get a conference room or office space for the hour if you need to meet a customer. It costs about $30 per hour to use Regus Office space. You also receive a discount if you upgrade to a dedicated office space that you can rent monthly.
eXp Realty Mentorship
eXp Realty has a mentorship program to help new agents who can’t close up to three deals in their first 12 months. The company will provide a top-producing agent to coach you and show you the ropes.
Furthermore, eXp also has a learning management system to aid new agents to get up and running as quickly as possible.
Finally, you will have to pay your mentor a 20% split. If you’re on the mentorship program, you will start with a 60/40 commission split. But this split will only last for the first three transactions before you switch to eXp’s standard 80/20 commission split.
Are You Licensed in Different States?
eXp Realty is a fantastic option for professionals that hold several state licenses. Since eXp isn’t a franchise-based brokerage, its operations are in consolidation. You’ll need to master the system and procedure for eXp’s transactions and operations.
Join eXp Realty
It only takes a few steps to join eXp Realty.
- Visit join.exprealty.com to apply as an agent.
- Complete the application.
- Submit your online application.
- eXp Realty will send you the independent contractor agreement right away.
- Add your electronic signature and your sponsor’s name.
- You’ll get an email from your state broker after signing the independent contractor agreement with instructions on transferring your state license to eXp Realty.
Conclusion
eXp Realty is laser-focused on building a successful career for all its agents. Apart from the tools and resources listed in this article, every eXp agent has access to reliable real estate technology that can help their career in numerous ways. At eXp Realty, your business is in safe hands.