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eXp realty fees explained - COMPLETE list of EXP Realty FEES - What you NEED TO KNOW about eXp!

Published on: December 6 2022 by Jaime Resendiz

Are you considering joining eXp Realty but are unsure about their fees? Look no further! In this article, we will explain all the fees associated with eXp Realty and what you need to know before making a decision.

List of eXp Realty Fees:

1. Monthly Fee: As an eXp agent, you will pay a monthly fee of $85. This fee covers all the tools and services provided by eXp Realty.

2. Transaction Fee: For every transaction you close, eXp Realty charges a transaction fee of $25.

3. Commission Split: eXp Realty offers one of the most competitive commission splits in the industry. As an agent, you will receive 80% of your commission, while the remaining 20% goes to eXp Realty.

4. Stock Option: eXp Realty provides its agents with the opportunity to earn company stock. You can earn up to 5% of your commission in eXp Realty stock.

5. Revenue Share: eXp Realty offers a unique revenue-sharing model that allows agents to earn a share of the company's revenue. This is a great way to earn passive income while building your real estate business.

What You Need to Know:

1. eXp Realty fees are transparent and straightforward. You will know exactly what you are paying for, and there are no hidden fees.

2. The commission split offered by eXp Realty is one of the highest in the industry. This means that you can earn more money while providing excellent service to your clients.

3. The stock option and revenue-sharing models offered by eXp Realty are unique and provide additional opportunities for agents to earn money.

eXp Realty is a great option for agents looking to join a transparent and innovative brokerage. The fees associated with eXp Realty are straightforward and offer great value for money. With a competitive commission split, stock options, and revenue-sharing models, eXp Realty provides its agents with unique opportunities to earn money and build their real estate business.

eXp realty fees explained - COMPLETE list of EXP Realty FEES - What you NEED TO KNOW about eXp!

As a real estate agent, it's important to understand the fees associated with joining a brokerage. In this comprehensive video, I will discuss all of the fees you can expect at exp Realty, including the startup fee, monthly cloud brokerage fee, commission split, transaction fees, and more. I will also provide a special gift at the end - an internal document that will help you understand everything about exp Realty.

Definition of Fees:

Anything that doesn't make it into your wallet because someone else took it is considered a fee. This includes any payment you make to the brokerage for being a part of it. It's important to note that fees may vary based on the country you're in.

Startup Fee:

The startup fee at exp Realty is $149, which includes your first month's cloud brokerage fee. This fee is a one-time payment.

Monthly Cloud Brokerage Fee:

The monthly cloud brokerage fee is $85 per month, which includes access to various benefits like kvCORE, Regus work locations, and affordable healthcare options. You also get access to technology items like Exp Workplace, Exp Enterprise, and Skyslope, as well as 50 hours of life training every week.

Commission Split:

The commission split at exp Realty is 80-20, with 80% going to the real estate agent and 20% going to the brokerage. The cap is $16,000, which means that after selling $2.66 million in sales volume, you'll no longer have to pay the 20% split. After you cap, you'll go into a 100% commission plan with a transaction fee of $250.

Transaction Fees:

On every transaction, you'll have to pay a broker review fee and a risk management fee, which is $40 per transaction until you cap at $500. The transaction fee has a cap of $5,000, after which it drops to $75 per transaction.

Personal Deals:

You get three personal deals per calendar year, which means that you don't have to pay a split on those transactions. You'll only have to pay your transaction fee, broker review fee, and risk management fee, which comes out to $315.

Mentor-Mentee Fee:

If you haven't done at least three transactions before joining exp Realty, you'll be automatically enrolled in the mentor-mentee program. For the first three transactions, the split is 60-40, and after that, it's 80-20. The additional 20% goes towards the exp University program and the mentor.

Joining a brokerage like exp Realty comes with various fees, including startup fees, monthly cloud brokerage fees, commission splits, and transaction fees. It's important to understand these fees before making any commitments. With the right knowledge and understanding, you can make an informed decision about whether exp Realty is the right brokerage for you.

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