Exp Realty experiences

[Juwan Rohan]

Hello All,

I just passed my exam out here in Cali and am looking for brokerages and I've been contacted about Exp Realty from a couple agents... I'm wondering if you guys and gals can share your experience with this brokerage. The idea sounds super cool and I love moving into the digital space but it also comes off like a MLM, so any good experiences, any bad experiences? 

I have a entrepreneur mindset and am a self- starter so I'm not worried about that, but what if I wanted to meet up with a EXP Realty agent in Cali to learn first hand... is this possible? 

[Deneuve Brutus]

Hi @Juwan Rohan, I recently passed my test as well. I'm waiting for my license from DPOR. I'm going to sign up with eXp. I've done a lot of their training already and have had a guest pass to eXp world. I think it is called a passport. 

Why EXP, my personal take:

EXP is the best choice for me. The individuals on the team I will be joining are very much like me, some are veterans, some are part-time, and some are both. My sponsor answers all my questions about the onboarding process and once I'm with the brokerage I'll get a mentor to help me with my first three transactions. They have two referral networks. Where you can network with other EXP agents around the world! Should you have an Aunt who is moving to Canada, and you know an agent in her future local. You can help her out to make that process much smoother. I really liked the fact that as an Agent-Investor I get to keep 100% of three personal transactions, I don't have to pay the cap fees if I haven't capped. I'll be buying residential, and commercial properties that sounded great to me. I always love employee-owned businesses. I get EXP stocks.

Why EXP, a Chief Technology Officer POV:

Since before COVID-19, I read from Gartner and other reports, society is shifting to being more virtual. EXP does exactly that as a broker. I love working from home. My office is 5 seconds away. I don't have to drive a MILLION MILES (what feels like it anyway) and deal with the people literally fighting to get to work, grocery store, home, and-or run errands on time. It increases my productivity tremendously, lowers the mileage I put on my car, saves on gas, lessens my carbon footprint, etc... Some home buyers will still want a face-to-face agent, and that is okay. However, that number will gradually dwindle as more children grow-up with the idea of "virtual". I don't have the need to go to a department store. I order it online. It comes to my front door. I try on the clothes if it doesn't fit, I send it back! or I drop it off at the store when convenient to me. 

Real estate is starting to see a shift very similar, as technology creeps into the retail home buying process. We already have virtual showings, and having a video tour of the home actually increases its chances of being sold. Let's not neglect 360 cameras, and Augmented Reality. Imagine a person shopping for a home. They throw on their Oculus Rift or HTC Vive or Other AR/VR headsets, then BOOM they are at the home walking around seeing how the house actually looks. As noted before, some people will still want to experience the feel/vibe, however, I think it will help lower the number of showings. I personally would want to see the homes I REALLY liked through AR/VR.

Hope it helps. Let me know if you have any other questions! Good Luck!