While there are several real estate agencies that offer a wide range of services to their agents, eXp Realty stands out because of its technology-driven approach. It offers a basic 80/20 commission split, a lost-cost health insurance plan, and mentor programs for its agents. In addition, the company has a variety of templates that you can download, customize, and share across multiple digital platforms. Moreover, it has a great reputation for its customer service and a host of other benefits, including a wealth of resources.
Exp Realty is a technology-driven brokerage house
Exp Realty is a technology-driven brokerage house that offers agents a wealth of tools to succeed in the real estate industry. The company’s flagship product, eXp enterprise, provides tools to run transactions from start to finish, allowing agents to stay paperless while doing their jobs. Agents can complete paperwork and review transactions from any device, and eXp provides 24/7 tech support.
The company has a mission to revolutionize the real estate industry by providing agents with the best tools and services possible. Its virtual office environment enables agents to learn from each other and tap into the latest industry technologies, while also offering access to a live support team and 30 hours of live training each week.
It offers a basic 80/20 commission split
EXP is a real estate brokerage that has over 3,000 Regus coworking locations in the United States. The company offers an 80/20 commission split up to a cap of $16,000 per year. After that, an agent keeps 100% of his or her commissions. In addition, eXp charges a $250 transaction fee per transaction and requires an E&O insurance policy per transaction. However, if you are selling over $500 per year, this fee will be waived. The company also charges a $25 broker review fee.
The commission split is customizable, but the lower-end office usually charges a $200 transaction fee. If you’re a beginner, the eXp brokerage may be best suited for you. The company also allows you to work from home.
It offers a mentor program for its agents
One of the benefits of working at eXp real estate is that the company has a mentor program for its agents. Mentors help new agents get started and can be a great source of information and guidance. The program includes training and shadowing appointments. Mentors also provide advice on first contracts and can review training materials.
The mentors at eXp are compensated with a percentage of the commissions made by the agents they help. They are also compensated by the company based on the number of the first three transactions completed by the agent.
It offers a lost-cost health benefit plan for its agents
The lost-cost health benefit plan offered by eXp Realty for its agents can save an agent thousands of dollars over a year. The company has partnered with an insurance brokerage, Clearwater Benefits, to offer affordable healthcare options to agents. The plan allows agents to pay less than the market rate for coverage and may be more affordable than coverage purchased through the Health Insurance Marketplace.
It offers a marketing center for its agents
Exp Real Estate offers a marketing center for its agents, so they can use it to increase their visibility on the web and in the marketplace. This marketing center has templates for everything from social media content to open-house materials. Agents also have access to a library of training videos and weekly classes.
Exp offers 80+ hours of live training every week, which agents can access from anywhere with the internet. The training covers various topics, including lead generation, marketing, and contract training by state. It also provides video training and scripts. Its agents teach the courses, which are designed for new agents.