{"id":629,"date":"2023-09-08T19:02:41","date_gmt":"2023-09-08T09:32:41","guid":{"rendered":"https:\/\/freedomtochoose.com.au\/?p=629"},"modified":"2024-05-21T15:07:42","modified_gmt":"2024-05-21T05:37:42","slug":"no-desk-fees-no-royalty-fees-no-franchise-fees","status":"publish","type":"post","link":"https:\/\/freedomtochoose.com.au\/?p=629","title":{"rendered":"No desk fees. No royalty fees. No franchise fees."},"content":{"rendered":"\n<p>eXp Realty\u2019s revolutionary virtual-office business model does away with the added costs of a traditional brick-and-mortar brokerage. Keep 80-100% of your commissions, and enjoy a low company cap. Many of you have heard about all that eXp has to offer their agents \u2013 from powerful lead generation tools to dozens of weekly training sessions \u2014 but weren\u2019t quite sure what our fee structure looked like.&nbsp; This is your chance to compare eXp Realty commission splits with your current brokerage.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-gutenverse-image guten-element guten-image guten-bT32Tu\"><a class=\"guten-image-wrapper\"><img decoding=\"async\" loading=\"lazy\" class=\"gutenverse-image-box-filled\" src=\"https:\/\/freedomtochoose.com.au\/wp-content\/uploads\/2023\/09\/real-estate-deal-in-office-2021-09-24-04-09-37-utc-scaled.jpg\" height=\"1707\" width=\"2560\"\/><\/a><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-4ixoL5\"><div class=\"text-content-inner\">\n<p>In the following video, we do a deep dive into the eXp Realty commission splits, annual cap and any monthly or annual fees.&nbsp; There are also comparison charts based on your level of production each year so the typical agents and the top producing agents can see how much they could potentially save each year.&nbsp;eXp Realty offers some fantastic opportunities to earn additional income that will help you recoup any splits or fees you paid to the brokerage of the year.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element guten-button-wrapper guten-i0duGh\"><a class=\"guten-button guten-button-sm\" href=\"#\"><span>REQUEST MORE INFORMATION<\/span><\/a><\/div>\n\n\n\n<div class=\"guten-element guten-spacer guten-83YTGU\"><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-Lv77xv\"><div class=\"text-content-inner\">\n<div class=\"wp-block-gutenverse-image guten-element guten-image guten-rZsAr6\"><a class=\"guten-image-wrapper\"><img decoding=\"async\" loading=\"lazy\" class=\"gutenverse-image-box-filled\" src=\"https:\/\/freedomtochoose.com.au\/wp-content\/uploads\/2023\/09\/young-business-asian-woman-accounting-using-calcul-2023-01-21-03-12-45-utc-scaled.jpg\" height=\"1708\" width=\"2560\"\/><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Upfront Fee<\/h2>\n\n\n\n<p>When you join eXp Realty, there is a&nbsp;<strong>$149 Startup Fee<\/strong>&nbsp;that includes your first monthly fee as well as:<\/p>\n\n\n\n<ul>\n<li>Onboarding Assistant<\/li>\n\n\n\n<li>Setup of your new lead generation website<\/li>\n\n\n\n<li>Contact Management System (CRM)<\/li>\n\n\n\n<li><a href=\"https:\/\/www.regus.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Regus Business Center<\/a>&nbsp;Membership<\/li>\n\n\n\n<li>HelloFax # and&nbsp;Toll-free 800#<\/li>\n\n\n\n<li>Google Apps for work, storage, email<\/li>\n\n\n\n<li>Skyslope Transaction Management System<\/li>\n\n\n\n<li>Your personal eXp Agent Attraction Website<\/li>\n\n\n\n<li>Access to eXp World, our virtual campus<\/li>\n<\/ul>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-MrlUrI\"><div class=\"text-content-inner\">\n<h2 class=\"wp-block-heading\">Additional Basic Fees<\/h2>\n\n\n\n<p>There is a monthly fee of $85 that covers your lead generation tools and the university tuition that includes 60+ hours of live training classes each week, guest speakers, workshops, and mastermind sessions. You\u2019ll also have access to a large library of on-demand training videos that cover everything from generating leads on Facebook to building a team.&nbsp;&nbsp;<\/p>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-HGNEEC\"><div class=\"text-content-inner\">\n<p>There is an 80\/20 commission split until you reach your $16,000 annual cap. For those of you that aren\u2019t familiar with a commission cap, that just means that once you\u2019ve paid eXp $16K, you keep 100% of your commissions for the remainder of your anniversary year. Once you\u2019ve reached your cap, there is just a $250 transaction fee for the next 20 transactions and $75 after that.<\/p>\n\n\n\n<p>** Please note that new agents or those who sold fewer than three (3) homes in the past 12 months will be in the&nbsp;<a href=\"https:\/\/buildingbetteragents.com\/exp-realty\/exp-realty-mentor-program-new-agent\/\">eXp Mentor Program<\/a>.&nbsp; There is an additional 20% split for your first 3 transactions with your local mentor.<\/p>\n\n\n\n<p>In order to keep your monthly costs down, eXp elected to charge your E&amp;O (Errors and Omissions) Insurance by transaction. You pay just $40 per sale until you reach the $500 annual cap. There is also a $25 broker review fee to ensure your contracts are rock solid!&nbsp;<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-image guten-element guten-image guten-S3hQml\"><a class=\"guten-image-wrapper\"><img decoding=\"async\" loading=\"lazy\" class=\"gutenverse-image-box-filled\" src=\"https:\/\/freedomtochoose.com.au\/wp-content\/uploads\/2023\/09\/real-estate-agent-meeting-clients-2021-09-24-04-21-17-utc-scaled.jpg\" height=\"1707\" width=\"2560\"\/><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-fRkfHW\"><div class=\"text-content-inner\">\n<h2 class=\"wp-block-heading\">Agent Savings<\/h2>\n\n\n\n<p>In the video, we also looked at what real estate agents would take home at the end of the year versus the average real estate brokerage. For the typical agent who sells about 10-12 homes and does $80,000 GCI, they could potentially save over $8,000 per year with eXp Realty. For top producing agents who are selling about 25 homes and generating $300,000 GCI, the savings averaged about $60,000. See the full example of the eXp Realty commission \/ fee breakdown in the video above as well as the different options for you to earn back some or all of the money you paid into the brokerage.&nbsp;<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-image guten-element guten-image guten-6huHbi\"><a class=\"guten-image-wrapper\"><img decoding=\"async\" loading=\"lazy\" class=\"gutenverse-image-box-filled\" src=\"https:\/\/freedomtochoose.com.au\/wp-content\/uploads\/2023\/09\/businesswoman-holding-model-house-wearing-protecti-2021-09-02-07-57-06-utc-scaled.jpg\" height=\"1707\" width=\"2560\"\/><\/a><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-VZXK9F\"><div class=\"text-content-inner\">\n<p>OPTION 1<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">eXp Stock Equity Plan<\/h2>\n\n\n\n<p>The first option is the&nbsp;<a href=\"https:\/\/buildingbetteragents.com\/exp-realty\/stock-awards\/\">EXPI Stock Awards<\/a>&nbsp;where you receive stock when someone you sponsor closes their first real estate transaction.&nbsp;With eXp Realty\u2019s Sustainable Equity Plan, our agents receive stock awards for accomplishing specific goals each year.&nbsp;<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-3e5QDY\"><div class=\"text-content-inner\">\n<p>OPTION 2<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">ICON Agent Award<\/h2>\n\n\n\n<p>There is also an ICON Agent Program that allows top producers to receive their $16,000 cap back in&nbsp;<a href=\"https:\/\/www.nasdaq.com\/symbol\/expi\" target=\"_blank\" rel=\"noreferrer noopener\">EXPI stock<\/a>. You just have to sell 20 homes after capping and\/or earn at least $500K GCI annually and paid at least $5K in transaction fees. As of 2019, you\u2019ll receive $12,000 worth of stock when you meet the qualifications, we well as an additional $4,000 based on certain cultural requirements such as mentoring, teaching, and attending eXp events.<\/p>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-beZhCQ\"><div class=\"text-content-inner\">\n<p>OPTION 3<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Revenue Share Program<\/h2>\n\n\n\n<p>The third way that you can earn additional income is by participating in the&nbsp;<a href=\"https:\/\/buildingbetteragents.com\/exp-realty-revenue-share-calculator\/\">eXp Realty revenue share program<\/a>&nbsp;and attracting agents to the brokerage, who then meet the production and closed transaction requirements. You\u2019ll not only receive $400 worth of EXPI stock* for each agent you introduce after they close their first real estate transaction, eXp will also share 3.5% of whatever your sponsored agent sells until they hit their $16K cap.&nbsp;<\/p>\n\n\n\n<p>If your agent sells a home that generates $15,000 in gross commission, eXp will share 3.5% with you (i.e. $525).If you bring six agents (cappers) to eXp, you have the ability to earn $16,000 in revenue share every year if the minimum production and closed transaction requirements are met. This program creates an environment where everyone really wants to help one another success and it\u2019s working!<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-gutenverse-image guten-element guten-image guten-uuupkX\"><a class=\"guten-image-wrapper\"><img decoding=\"async\" loading=\"lazy\" class=\"gutenverse-image-box-filled\" src=\"https:\/\/freedomtochoose.com.au\/wp-content\/uploads\/2023\/09\/insurance-loan-real-estate-and-family-concept-s-2022-12-16-05-55-22-utc-scaled.jpg\" height=\"1707\" width=\"2560\"\/><\/a><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-kgD4YL\"><div class=\"text-content-inner\">\n<h2 class=\"wp-block-heading\">AGENT SUCCESS OBSESSED&nbsp;<strong><\/strong><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">eXp Realty is leading the way to create the best possible real estate brokerage model and place that empowers agents to succeed.<\/h2>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-zx17Jh\"><div class=\"text-content-inner\">\n<p>01<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Receive Top Benefits<\/h2>\n\n\n\n<p>Providing some of the most powerful online marketing tools, virtual technologies and healthcare.<\/p>\n\n\n\n<p><a href=\"https:\/\/buildingbetteragents.com\/exp-realty\/agent-benefits\/\">See Agent Benefits<\/a><\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-pHiF5g\"><div class=\"text-content-inner\">\n<p>02<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Keep More Commission<\/h2>\n\n\n\n<p>No desk fees. No royalty fees. No franchise fees. Keep 80-100% of commissions + a low company cap.<\/p>\n\n\n\n<p><a href=\"https:\/\/buildingbetteragents.com\/exp-realty-commission-splits\/\">See Commission Splits<\/a><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-qB0nuf\"><div class=\"text-content-inner\">\n<p>03<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Earn Additional Income<\/h2>\n\n\n\n<p>Offers an exit strategy for agents, allowing them to earn more income by attracting like-minded agents.<\/p>\n\n\n\n<p><a href=\"https:\/\/buildingbetteragents.com\/exp-realty\/revenue-share\/\">See Revenue Share<\/a><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"guten-element gutenverse-text-editor guten-nQyLzo\"><div class=\"text-content-inner\">\n<p>04<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Access Expert Training<\/h2>\n\n\n\n<p>50+ hours of weekly live training and access to \u201chow-to\u201d video library to learn at your own pace.<\/p>\n\n\n\n<p><a href=\"https:\/\/buildingbetteragents.com\/exp-realty\/education-training\/\">See Online Training<\/a><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>No desk fees. No royalty fees. No franchise fees.<\/p>\n","protected":false},"author":1,"featured_media":622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[5,9],"tags":[],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=\/wp\/v2\/posts\/629"}],"collection":[{"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=629"}],"version-history":[{"count":6,"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=\/wp\/v2\/posts\/629\/revisions"}],"predecessor-version":[{"id":798,"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=\/wp\/v2\/posts\/629\/revisions\/798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=\/wp\/v2\/media\/622"}],"wp:attachment":[{"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freedomtochoose.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}