Ballard Office
Team office located in the heart of the market in Ballard
ONE OF THE FASTEST GROWING BROKERAGE IN THE WORLD!
Today, eXp has more than 31,000 agents across the globe!
Cloud Based Virtual Learning Anytime Anywhere!
Cloud Based Virtual Learning Anytime Anywhere!
Cloud Based Virtual Learning Anytime Anywhere!
eXp University for unfeathered access to on demand resources!
From mentors to new agents to agents who just want to absorb all the knowledge they can, eXp University is for everyone … and from wherever an agent or team is located. Ready to learn? Here are three ways to get started today!
More than 50 hours of live training each week in eXp World!
For Example...
- Agent Orientation
- Fast Start 101 – Navigating the eXp Roadmap
- Introduction to eXp Realty
- Skyslope Basic Training
- Accounting 101
- eXp Marketing Center Training
- eXp Agent Leadership Meeting
eXp Stock: Acquire Stock in a Variety of Ways
Cloud Based Virtual Learning Anytime Anywhere!
Cloud Based Virtual Learning Anytime Anywhere!
A unique form of compensation for agents at eXp is becoming a shareholder with the company. eXp agents are awarded or can earn shares of stock in eXp World Holdings (eXp Realty’s parent company) after certain milestones are reached, including:
- Closing on the first transaction as an eXp agent ($200 stock award)
- The first closed transaction by any agent they have sponsored ($400 stock award)
- Reaching the annual cap ($400 stock award)
- Reaching ICON Agent status ($16,000 stock award)
Agents can also elect to receive up to 5% of their commissions from each closed sale in the form of eXp stock at a 10% discount through the Agent Equity Program.
It’s not often that you hear of real estate companies where agents have as much voice, ownership or ability to build wealth continuously, but eXp is proving it can happen!
Revenue Share Plan
Perhaps one of the most exciting, yet misunderstood benefits at eXp is revenue share. The revenue share opportunity is simply when an agent joins eXp and names an active eXp agent as their “sponsor.” The sponsor is the eXp agent who was most influential in the new agent’s decision to join eXp.
Once the new agent begins closing on transactions, the sponsor receives a percentage of the company dollar (revenue) from the sales activity of their sponsored agent. It is based on gross commission income (GCI), and is dynamically calculated and paid monthly.
The revenue share program tracks and pays on transactions up to seven tiers, so participants can receive a portion of the revenue from transactions completed by agents they directly sponsor as well as agents sponsored by those agents, and so on for seven tiers. What’s important to note is that eXp pays that share — not the agent. Our agents drive the growth of eXp Realty, and share in the revenue generated by their efforts and influence.
This is a different concept than profit-sharing, in which certain brokerages share company profits with agents after all expenses have been subtracted from revenue. That includes costs such as rent, insurance, utilities, staff salaries, and other costly overhead charges. In a profit-share model, it often happens that a sponsored agent is productive but the office or franchise is not profitable, resulting in minimal or zero profit-share.
eXp’s revenue share program is different, because the company shares 50% of its revenue (Company Dollar) received from each transaction, before expenses are removed. This means that agents can financially benefit from “sponsoring” new agents into eXp every time that agent closes a sale that contributes revenue to eXp.
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