Commission Splits & Fees
What is the split at eXp?
Every agent at eXp Realty has a split of 80/20 until the cap is met.
Is there a commission cap?
Yes, eXp agents cap when they pay $16,000 to the company. So if you earn $80,000+ in gross commission (GCI) you should reach your commission cap each year. Reduced caps are available for teams at eXp.
Do you have to pay multiple fees in you are licensed in several states?
No! Just $85 per month to our national brokerage.
Are there any fees for expansion teams?
No, You are able to build a team worldwide if you want without any additional fees.
Do agents pay E&O insurance?
Yes, it’s just $40 per transaction with a max of $500 annually. Also depending on your state you may be required to carry E&O from the State.
How much are the royalty or franchise fees?
A big fat $0... No 5% or 6% fees on every sale. We are a nationally owned brokerage, so there are no franchises. This should save many agents thousands of dollars each year.
EXP Stock
Where is eXp stock traded?
eXp stock is traded on NASDAQ (ticker symbol: EXPI)
How can I buy EXPI Stock?
eXp Realty has a stock purchase plan that allows agents to take 5% of their commission checks and buy the stock at a 10% discount. If you’d like to buy stock on your own, you can set up a brokerage account – Webull and Robinhood are popular options for many real estate agents, but there are many others so check with friends and family for recommendations to find the best stock brokerage account for your needs.
What kind of stock awards can agents receive at eXp Realty?
After you sell your first home, you are awarded stock in the company! Agents also receive stock awards when they hit their commission cap, introduce another agent to the company that closes a real estate transaction and/or become an eXp ICON. The best award is the ICON Agent stock award where top-producing agents receive up to $16,000 worth of stock every year that they receive the ICON award
When can I cash out on my eXp stock awards?
Most of the stock awards agents receive are vested after three (3) years. So if you received a stock award for hitting your commission cap in January of 2020, you could cash it out (or move to your personal brokerage account) in 2023.
Education & Training
What is the cloud campus or virtual office?
Agents at eXp have multiple options for training, but more than 60 hours of training occurs EVERY week in our virtual office, eXpWorld. You can log in from your phone or computer and use an avatar to walk around the campus and interact / learn with agents from around the country.
Do you have in-person meetings?
Absolutely! Each area has regular meetings, lunch and learns, CE classes, etc. If you need to occasionally use a physical office for training or meetings, eXp Realty has an agreement with Regus Business Centers to provide agents with free access to their facilities and discounts on spaces for private meetings and events.
Education & Training
Where is eXp Realty located?
We are now located in all 50 states, as well as Canada, Mexico, Australia, UK, France, South Africa, Portugal, and India. Contact eXp agent/owner Tyler Bundy to see if eXp is located in your area (or if it’s coming soon!).
Who is the broker at eXp Realty?
Each state has at least one state broker. Some larger states also have regional compliance brokers to assist agents and review contracts.
How many real estate agents are with eXp Realty?
As of February 2021, we have over 40,000 agents at eXp. We are one of the fastest-growing real estate brokerages in the country, as more and more agents from across the world continue to flock to eXp Realty.
Is eXp a good fit for brand new agents?
Without a doubt. eXp offers the FastStart training program for new agents, as well as new agent masterminds, and 50+ hours of live training each week. Also, all new agents are paired with a local mentor that works with them on their first three transactions (and beyond if you’d like) for a small mentor fee. As a new agent at eXp, you have such a great support system with your broker, mentor, and sponsor and you always have someone to answer your questions and help get your business off the ground.