No desk fees. No royalty fees. No franchise fees. Keep 80 - 100% of your commissions.
eXp Realty also offers every agent the unique opportunity to become a shareholder in their own company, and celebrate the company's financial success.
Our Core Values
Be a good neighbour to create a
Make positive change in our company and your community.
Be a good financial steward of the environment, the organization, and our families.
We are all on the same field.
Do the right thing.
The best way to predict the future is to invent it.
Force chaos and change to survive and grow.
Don't take yourself too seriously.
Frequently Asked Questions
What is eXp Realty?
eXp is the first agent-owned, cloud-based real estate brokerage.
Who started eXp?
When was it started?
eXp Realty was incorporated in 2009.
What does "agent-owned" mean?
eXp Realty is agent-owned meaning that agents acquire stock in the company and have a vested ownership in the brokerage. There are 5 ways that agents can acquire stock, from simply purchasing it to achieving certain performance benchmarks.
What is a cloud brokerage?
A cloud brokerage is a brokerage that does not have physical offices and conducts business entirely on the Internet. Think of Amazon. They are a cloud company. They have minimal physical stores (Whole Foods, which they recently acquired), yet they’ve disrupted the entire brick and mortar retail industry.
Are there really no brick and mortar offices?
Well there is one actual physical office. That is the corporate headquarters in Bellingham Washington. Other than that, every agent and broker works from home or a remote office space. The company realizes a tremendous savings and is able to pass on the savings to agents in lowered costs.
What if I need or want office space?
Where does eXp operate?
Since 2009, eXp Realty has expanded throughout the USA and Canada. eXp Global operates in the UK, Australia, Mexico, Portugal, South Africa, India, France, Germany, Hong Kong, Colombia, Puerto Rico, Brazil, Italy, Panama, Japan, Israel. Further international expansion is taking place.
Who is the Broker for eXp Realty?
The head of Canadian Operations is Deborah Pleiman. Each province has a Provincial Administrative Broker. Angela Papassitiriou is the PAB or Broker of Record for Ontario. The Managing Broker for South Eastern Ontario is Michelle Scott. Michelle is based in Kingston and is well-known in the area. Rick Sergison, Dickson Wong, James Killoran, Val Petrov, Katherine Milian are the other Regional Managing Brokers in Ontario.
How many agents does eXp have?
"It’s nearly impossible to guess eXp Realty’s agent count at any given time. The real estate brokerage, which operates on a virtual cloud, has seen both agent count, revenue and transactions explode each quarter, year-over-year." Patrick Kearns, Staff Writer, Inman, January 14, 2020
What is revenue share?
How does an agent build revenue share?
Simple. Introduce eXp Realty to other agents that you know. If they join, you become their sponsor and you will receive up to $2800 annually from each of them (3.5% of GCI until they cap). You will also get rev share from whoever those agents attract, at various percentage rates, all the way down to 7 levels.
How much revenue share can we earn?
For every agent you personally attract (your first line) you can earn up to $2800 annually if they cap. There’s no limit to the amount of revenue share you can earn!
What is the commission split?
Everyone at eXp Realty has a split of 80/20 until the $16,000 cap is achieved, at which time you go to 100% split for the remainder of your anniversary year.
What is the cap?
eXp agents cap when they pay $16K to the company. That equates to generating $80K in gross commission. This sum must be generated through real estate sales.
Where is eXp stock traded and how do I get it?
eXp stock is traded on the NASDAQ stock market exchange. The ticker symbol is EXPI. The Equity Share Program allows agents to purchase stock with each transaction or at any time at a 10% discounted rate. Stock is also awarded by eXp with the first transaction of each year, at capping, and with each agent attracted. Top producers who reflect the Core Values can achieve ICON status, earning back the $16,000 split in the form of shares. At the time we joined eXp, the stock value was doing well at just under $10.00 a share. Since then, the stock has split and we have seen our personal investment continue to grow.
What is my start up cost to join eXp Realty?
What is the eXp Cloud Campus?
Does eXp offer training?
Oh Yeah!!! eXp Realty offers approximately 25-30 hours of live training every week, plus a full library of on-demand training through our Career Expressway. Canada's New Agent Bootcamp provides a practical, agent-centric, 5-level introduction to be completed in your first 90 days as a new real estate agent.
Does eXp hold conferences?
What tools does eXp offer to agents?
Through eXp Enterprise
What is the process of joining eXp?
Does eXp work for newer agents?
eXp is an obvious fit for seasoned agents and agents looking for retirement income, but some agents wonder if the model works well for newer agents.
How do I get help with paperwork or on questions I have about transactions?
We'll be there to teach you and guide you to the right resources. In Ontario, eXp agents have been using Webforms for quite some time and we are very familiar with the program. Support is also available from our area broker, Michelle Scott, as well as the salaried Listing and Transaction professionals who are extremely accessible and helpful.
How will I get leads at eXp Realty?
You'll get leads through the technology.
What if I have additional questions?
Call or text Larry at 613.540.4190 or Sigi at 613.985.0120 and we will be happy to assist you in gathering all the information you need to perform due diligence as to whether eXp is the right brokerage for you.
As we complete our third year with eXp Realty, we could not be happier with the way that our business is expanding. We look forward to further success in assisting our clients and our continuing participation as agent owners in this amazing brokerage.