Exp Realty as a broker

[Debbie Beckford]

I’m a realtor seeking my brokers license and wanted to know if anyone know about Exp Realty’s platform for brokers and how it works. I had someone reach out to me and the cloud based office definitely cuts down on expenses, but I have no clue about splits etc. Any information would be appreciated.

[Marian Huish]

@Debbie Beckford and @Nadene Long... To add to and clarify some of the discussion above, regarding the 80/20 split, that’s only until the company has received $16,000 from their 20% which is referred to as a “Cap”.  So essentially after selling roughly $2.5 million the agent goes to 100% which resets every year.  So if you’re paying more than $16,000 per year in Broker-related expenses, this would likely be a huge savings.  Also, eXp allows agents to process 3 personal transactions per year at 100% split so it’s very “investor-friendly”.   Other benefits not offered by other brokers are revenue share and stock awards which can carry you well through retirement long after you’re done selling.  We just had a big Broker from Miami move 200 agents to EXP. Definitely worth looking into! -Best of luck!