eXp FAQ
We want to support you in making the choice that is right for you and your business. These are answers to questions we get asked over and over again. If you need more clarity, please contact us to set up a time to chat.
Choosing the right partner in real estate is a big decision.
eXp Splits
Solo agent or team leader: $16,000 annual cap
20% of each commission check goes to eXp until you have paid a total of $16,000 for your calendar year. Following that total, 100% of each commission check goes to you until you begin a new anniversary year. *Transaction fees still apply
EVERY AGENT IS AN 80/20 SPLIT
Team Members $8000 annual cap
Mega Icon Team Members $4,000 annual cap
Minimum of 25% of each commission check goes to the team leader.
Ask if you qualify for Mega Icon Team.
- $250 Transaction Fee at closing (max $5,000 per year then it decreases to only $75 per closing until the end of your anniversary year)
- $25 Broker Review
- $60 Risk Management (E&O) Fee (max $750 per year until the end of your anniversary year)
Are there any fees for expansion teams? Nope
How much are the royalty or franchise fees? Zero. We are a nationally owned brokerage, so there are no franchises. This saves many agents thousands of dollars each year.
eXp Fee Structure
One-time cost: $149
One-time set up fee: includes your 1st month $35 + $50 fee
breakdown
Per transaction cost
$60 E&O Premium: Max $750/year
$25 Broker Review
Want to run numbers? Collect your annual transaction numbers, current splits and fees. Then we can run these for you to compare differences.
Do you have to pay multiple fees if you are licensed in several states? No. Just $85 per month to our national brokerage.
Monthly technology fee: $50
- Includes Skyslope transaction management software, KVCore CRM, and eXp World
- Includes 40+ hours of online training per week
eXp Revenue Share
eXp offers revenue sharing, which is the ability to receive a percentage of the 20% split given to eXp by agents you sponsor when they close a real estate transaction. Revenue share is paid within 30 days of all closed transactions and never exceeds 50% of company dollar, thus guaranteeing the model's longterm sustainability.
how it works
Single Agent Revenue Share
eXp pays you 3.5% of the commission earned by any agent you personally sponsor, in Tier 1, into the company from the company's portion (up to $1,400 per year)
Agents also earn income from producing agents sponsored into their overall group. For example, if you personally sponsor 5 producing agents into the company, and they sponsor their own producing agents, you can earn up to $1,600 annually for each of those agents on Tier 2, which represents up to 4% of the gross commission.
eXp Stock
Agents can earn or purchase shares in several ways:
TRADED ON NASDAQ (ticker symbol: EXPI)
AT REDUCED COST (Purchased Shares):
Agents may elect to have 5% of each commission (after splits and fees) invested in shares of the company at a 5% discount to Fair Market Value. In doing so, you are effectively "dollar cost averaging" by buying when the stock is at different prices. This helps you to avoid buying a lot of shares at an all-time high for example.
*Shares that you have purchased may be sold at any time. They do NOT need to vest for 3 years. The only shares that need to vest are shares that have been awarded.
AGENT ICON PROGRAM:
Every agents who meets certain annual production goals, attends the two major eXp events of the year, and meets cultural requirements can quality to earn their entire $16,000 cap in the form of shares in the company. In this case, 25% of the shares vest immediately, and the other 75% vest in the usual 3 year time period.
click for full details
- $200 in stock awarded for the first transaction of your anniversary year
- $400 in stock to any agent or broker who caps (pays a full $16,000 over the year to eXp)
- $400 in stock for each agent you sponsor into the company upon that agent's first closing
There is a 3 year vesting period before awarded (vs. purchased) shares "vest" or belong to the agent. This encourages stability by giving agents an incentive to stay with eXp in order to benefit from the Equity Awards program.
