Ultimately, a home is only worth what the market will bear and what a buyer will give. I started documenting the webinars that were circulating about eXp Realty. I’ll answer all of those questions in this post and many more you haven’t thought to ask. Virtual brokerage leveraging a Virtual World where you can interact with other agents, hold team meetings within your state meeting rooms, immediate assistance on any concern or question you might have, 50+ educational/training classes each week, low cap rate, stock rewards, option to purchase stock at a discount, up to 5% of net commission/transaction. I have had my best two years in real estate since joining . I was saying to myself: “Tell me how the hell a company is going to revenue share when it it’s losing money.” There wasn’t enough cash to fund the growth and their business model has them giving all the money back to the agents. If you haven’t already grabbed your favorite beverage and found a quiet place to read this - do that now. Real estate listings held by brokerage firms other than eXp Realty in North Carolina (Triad) are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers. eXp is audited by the SEC and is 100% completely legal. At the time of this writing they have just over 6,000 agents. Do you think maybe you wouldn’t have to recruit? www.VanderbiltRealtySolutions.com . Let’s talk about it. It doesn’t matter HOW much hustle you have if you don’t have someone you can go to with questions as a new agent. I get asked all of the time why I Joined EXP Realty. Top agents, new agents, mega agent teams, friends, enemies, and investors of all kinds will read this post with both fear and excitement. At eXp the split is 80/20 with a $50 a month desk fee to pay for the tech programs. They “attract”. A great class means nothing if the person attending is zoned out and has no desire to learn. Since they are publicly traded, I read their balance sheet, scoured their financials. Though eXp has existed for the past eight years much of it's exponential growth has happened in the past two years. In doing this, I’m undoubtedly and unapologetically going to piss a lot of people off. Instant updates on the most innovative Real Estate content. The choice is yours, but it is definitely worth comparing to other brokerages available in your market. … So what is the buzz all about? You have to have two things when it comes to education: Great trainings only come in handy when you are willingly attending them and trying to get the most out of every session. Like many brokers, we were just trying to solve the “retention problem.” We were also trying to solve the “agent productivity problem.” I’ll save that for another post. How about if you offered revenue off the top of every agent that the told about the company? Please note it may take a little longer to respond than Messenger. Getting paid off the top means you get paid first. Yes, at eXp you have a sponsor that can also point you in the right direction. Get the Real Facts About eXp STEVEN BETANCURTH, BETANCURTH REAL ESTATE GROUP The Truth About eXp Realty ... Free 30 Minute Coaching Call With My Mentors on How to Structure and Grow your Real Estate Organization to the Next Level. Additionally, with over 5,000 career home sales, having owned two brokerages, and as Co-founder of the National Association of Expert Advisors, Kinder Reese Coaching, and few other companies in the real estate industry, I’m without question, qualified to speak to you on this topic. Here’s what I have learned since then. This is REVENUE SHARE. John Kitchens, who is out cold next to me as I’m writing this (it gives me great joy to take pictures of you sleeping on a plane) and I scanned the room to see Cliff Freeman, George Philbeck, and a whole host of highly-respected individuals that were cheering with glee. Albie is a long-time member of the NAEA Mastermind Group and one of the top agents in all of Ohio. Get the Real Facts About eXp Make Sure Your Sound Is Turned ON! That's really what matters. This ISN’T the profit-share like Keller Williams. I learned a long time ago: if you sold 50 homes last month, good for you. As I said, I’m here to deliver the truth and facts. But there I was, on the phone, with my #1 most loyal believer sharing with me why he was joining eXp Realty. He’s talking about his shares and how fast the company is growing and how it’s an agent-owned brokerage. Don’t miss out on this incredible opportunity to change the trajectory of your business and life forever. Or, if you’d like to set up a time to talk personally, send me a quick message on Messenger at m.me/jaykinderteam. $100,000,00+ In Combined Sales Annually; Weekly eXp … At $16k commissions you cap and just pay a minor transaction fee. If they cap you get around $2k of the $16k total. (Based on a 30 day rolling average). It took six years for eXp Realty to reach 1000 agents. The Truth About eXp Realty This Podcast is the most high level, analytical and detailed of any I've heard about how and why EXACTLY eXp is complete BS. Gun cocked and loaded, I fired back at Albie: “Why the hell would you go join a brokerage when you are independent and CRUSHING it?”. CRMLS - eXp Realty of California, Inc. CA DRE#01878277 Corporate Office Location: 2603 Camino Ramon Suite 200 San Ramon, CA 94583 951-599-8255 Should you require assistance in navigating our website or searching for real estate… One of them is the CEO of a $50 million MLM and the other one has over 150,000 people in their “downline”. So, should new real estate agents join eXp Realty? Is eXp right for you? He’s also a broker in the EXP system and growing his organization at break-neck speed. eXp Realty was founded in 2009 by Glenn Sanford and now is home to over 20,000 real estate … Don’t get caught up in the name. It’s almost certain that you haven’t experienced the deep study of business models and have ran and tested multiple variations to understand what gets the best results. eXp realty cloud has attracted thousands of agents in a short period of time. Ya’ll must be crazy if you think I’m joining a brokerage. The California Department of Real Estate is taking action against eXp Realty and it's long overdue if you ask me. The crushed their quarterly earnings and the stock went from $3.63 to right at $8.00. eXp … The Truth About eXp Realty What Is Causing Top Agents, Independent Brokers and Franchise Owners From All Over The World To Leave The Companies They Love and Partner with EXP Realty? Note: If colorful language offends you - be offended (but keep reading anyway). Do you think that offering shares in a publically traded company would align the agent and company? To give you some perspective, I’m writing this post the day before my 40th birthday. ... Candice has aligned with Crown Point Realty and be contacted at: 702-682-6917 . I may be the only eXp agent to admit this fact, but I believe in the value of being honest – this is the right way to help others succeed. As he describes it in the book, this allows you to create a feedback loop for making decisions much faster than someone who doesn’t ask questions when they don’t understand (radically transparent) or who are so deep rooted in a belief that they look for why things won’t work. He gave me maybe the greatest line I’ve ever heard: “I’m about to jump off a cliff here - will you take a look at this and let me know if I’m missing something.”. So, on my youngest son Riggs 4th birthday, on Kinder Ranch out here in Aubrey, my wife watched in frustration as I paced back and forth across the yard - doing nothing to help get ready for the party - waving my hands around in an obviously animated conversation with Albie for nearly three hours. All of them. Is it leads, culture, a red balloon? These multiple layer compensation models weren’t exactly my “ball of wax”. I do, however, know a couple of very intelligent people in the multi-level marketing industry. As sponsors at eXp, we like to match new agents up with mentors in their areas so they know exactly what kind of support they are going to get. It’s no secret the number one challenge for you brokers and folks with teams is recruiting and retention. Don’t get me started on this industry and awards. 980 American Pacific Dr #111, Henderson, NV 89014. All these people have completely clear value and monetary benefits by joining eXp Realty (whether they realize it yet or not): All of these agents should be at eXp Realty, and if you don’t understand why, simply reach out and we’ll show you – and then you can decide for yourself. Note: If colorful language offends you - be offended (but keep reading anyway). Agents with hustle are INCREDIBLY successful anywhere they end up at. For context, I am on a plane flying back from an eXp Realty event as I write this post. The TRUTH about eXp Realty by Gene Frederick. For reference, that’s about $2.7 Million in gross sales price at a 3% commission per sale. MEH. And to be honest, if it takes a couple of F-bombs to shock you into hearing me, then you’ll probably reach out and thank me for taking the time to share this controversial perspective. They weren’t profitable at the time, which isn’t the case today. These people express their doubts and also make complaints.There are also lots of individuals who want to know whether eXp … It will answer a lot of questions for you for sure: sevenfigureagent.com. This site is protected by reCAPTCHA and the Google, The Truth About Joining eXp Realty as a New Agent. Simply joining eXp realty as a new agent doesn’t guarantee your own success or failure, your own work ethic does. For ease of example, let’s say all these real estate agents sell enough real estate to hit their cap at eXp. Come to our eXp Discovery Webinar to see More! Click here to send us an email. In fact, it’s going to change the way you do business...whether you agree with it or not. Once you make around $80k in gross commissions it comes out to be around $16k to eXp and the rest to you. So at the OU game, my middle son Karsen and I are at a party in some guy’s backyard and this guy is pitching me eXp Realty. It took six … It was the tail end of the awards banquet and Jeff Wilhems, Brent Gove, Darren James, Clayton Gits and a host of other industry bad asses were taking the stage to get their awards. I left with one big take away: if you give someone ownership in a publicly traded company, they get on board and stay on board. It has experienced 180% growth two years in a row. Let's Crush It. At eXp Realty, there are no desk fees & franchise fees. At this point, I’m intrigued. My commitment to you is do that without any hype. eXp Realty gives back FIFTY percent of the company dollar to its agents, every single month, in our revenue sharing program. Join us, and we'll succeed as one collective! This will mark my 21st year in real estate. eXp Realty is a real estate brokerage that has injected incentives into their model that are funded from the 20% commission split the company earns when real estate sells. Yet, there are still many people who have doubts about this model of business. We believe in our hearts that the “Big Box” brokers can do nothing to help agents over the long term. eXp real estate … Take a few minutes and check out this webinar I prepared for you. Pull!!!!! I came to eXp Realty as a new agent and I’ve had success. We use cookies to ensure that we give you the best experience on our website. Dave Jenks is the hero we need and deserve. You only need three things to be successful as a real estate agent – take this in because this will be true for ANY brokerage you end up at: Let’s break this down, because it is so important: It doesn’t matter where you’re brokered at. If you watch much Shark Tank you know that Mr. My goal is to grow the success of myself and others every single day. A little over a year prior, at an Oklahoma Sooner vs.. Ohio State game in Norman, OK, my good friend John Mayhue introduced me to a guy. Are they for real? Now, it’s been 10 years since anyone actually tried to “sell me” on joining a brokerage; Keller Williams, when the Kool aid was still stirring. Nothing quite compares to succeeding together! Exp realty has been an amazing company to join . Why is that? The agents pay zero franchise fees because this company is one big entity. For the record, I was still skeptical, but I had to know for sure. EXp Realty is a virtual, cloud-based brokerage founded nearly a decade ago. I literally laughed. I don’t remember his name…..but I remembered what he told me. Gene is a firecracker and so is Rob Flick. Instead, I’m going to tell you the truth - the truth about EXP Realty, their “agent owned” philosophy, and a real estate brokerage in the cloud. At this moment, I’m thinking to myself... 5 Best Text Messages to Send Your Prospects, 5 Tips for Getting Your Client's Offers Accepted in Any Market, A proven strategy to help you crush your listing appointments - Part 1, give someone ownership in a publicly traded company. eXp realty cloud has attracted thousands of agents in a short period of time. Truth about eXp Realty A review of eXp and the slide deck presentation. The Franco Group - brokered by eXp Realty 2800 Davis Blvd Suite 212 Naples, FL 34104 239-280-7484 Should you require assistance in navigating our website or searching for real estate, please contact our offices at 239-280-7484. What do you offer that differentiates you from every other brokerage and really matters to the agent? I feel I had to post this to counter the real estate agent coaches out their trying like maniacs to recruit as many people as they can at the moment. And if you have hustle, you can easily succeed as a new agent at eXp Realty. He’s a beast and I’ve known him for 17 years. They even allow you to take 5% of your commission and purchase stock at a 20% discount. That’s both true and a much better experience for everyone. eXp Realty is the largest residential real estate brokerage by geography in North America and the most innovative. Yet, there are still many people who have doubts about this model of business. Yes! In Ray Dalio’s book, Principles, he explains why being radically open minded and radically transparent allows you to learn faster. If everything he was saying about eXp was true - it could be a potential disrupter. We help real estate sales associates create massive local and international businesses. This is exactly what happens when you create a brokerage model that doesn't include oversight of your agents. This post will no doubt be circulated and shared among the top brass at Keller Williams, Coldwell Banker, Century 21, Remax, ERA, and especially at EXP Realty. When the student is ready, the teacher will appear. At that time, we knew we wanted to add some kind of profit share or stock package and this was clearly a good way to do it. The number of agents tripled in 2016. Now, get your ass up; you have to do it again this month. Gene sold a Keller Williams region and 6 offices to move to EXP and he did when they were under 1,000 agents. You have to be willing to take matters into your own hands and be willing to hustle. Here’s your third truth: it doesn’t have to be that way ? Once you join eXp realty as a new agent, you will be paired up with a local certified mentor, that is the person that you will get the most guidance from as an agent. eXp Realty in Alaska State Office: 850 S Roberts St #400Wasilla, AK 99654360-718-5357 Should you require assistance in navigating our website or searching for real … You as a real estate agent are running your OWN business. The Truth About eXp Realty What Is Causing Top Agents, Independent Brokers and Franchise Owners From All Over The World To Leave The Companies They Love and Partner with EXP Realty? While there are many incredible benefits at eXp Realty, the truth is that eXp Realty is not always the right fit to start at for some new agents. There’s a good chance an overly excited agent with eXp tried to tell you about their great company. Telling You The Truth About Real Estate. Whether you’re a real estate agent or have a team, or you’re thinking about a career in real estate, eXp Realty offers every agent the unique opportunity to become a shareholder in their own company, and celebrate the company’s financial success. eXp Realty is the largest residential real estate brokerage by geography in North America and the most innovative. eXp is a global online brokerage that’s powered by top agents and cutting-edge technology. That way we can guarantee that you have a higher chance at being successful immediately! If you're not growing you're dying. This is equivalent to selling one $223,000 home a month at a 3% commission each. We are wildly passionate about NAEA and what we can do with the brokerage - an independently-owned brokerage. eXp Realty was founded in 2009 by Glenn Sanford and now is home to over 20,000 real estate agents in all 50 US states and nearly all the Canadian provinces. Combine a desire to learn with top notch training and you are well on your way to become a successful real estate entrepreneur! It’s funny. Often, real estate becomes a very personal and emotional transaction.