In October of 2017 we had 5,000 agents... in October of 2018 we are over 14,500 agents! That is unprecedented growth! Why does this matter? Agents want technology, they want a fair split, they want ownership and they want to share in the revenue!
eXp takes a completely different approach to the real estate brokerage business! It is a successful cloud-based brokerage and because of this is able to function without a brick and mortar infrastructure. Now this is a major plus to eXp, because (as with many franchises) the biggest expense to RE/MAX, Keller Williams and others are the rents for the physical buildings. Couple this with full time staff, utilities, insurance, CAM and other various expenses, and the costs add up, and start eating away the profits. eXp passes along the reduced expenses to our owner-agents!Agent Fees Graphic
Let this be a good start to making sure you cover your bases during your transfer. NOTE: This list may not cover ever detail as they will vary from agent to agent.
This guide will assist you with your transaction. All kinds of good info here!
"It was absolutely going to happen... the broker-agent relationship HAD to change at some point. I feel so damn lucky to be able to be on the front end of this incredible transformation! Of course agents should be able to earn ownership shares, of course agents should be able to share in revenue that they help to create and of course agents should have the ability to choose whether or not they want to pay for office space / staff / supplies / etc! This is not an exaggeration... eXp Realty has changed the way I will retire from real estate! "
Please note, if you are a franchise owner / franchisee, this communication is not intended as a solicitation. Please notify us of your status and we will remove you from future communications immediately.The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. These statements include, but are not limited to, statements about the Company’s management and the Agent Advisory Council. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Annual Report on Form 10-K.
“The statements and opinions contained in this advertisement are solely those of the individual author and do not necessarily reflect the positions or opinions of EXP WORLD HOLDINGS, INC. or its subsidiaries or affiliates (the “Company”). The Company does not assume any responsibility for, nor does it warrant the accuracy, completeness or quality of the information provided.”