If you’re a real estate agent looking to take your career to the next level by forming your own real estate team, this article is for you.
In this fourth installment of our five-part series on frequently asked questions about eXp Realty, we’ll dive into the incredible team-building opportunities available at eXp Realty.
With its unmatched network, tools, support, and training, eXp is the perfect place to grow your business, whether you’re a new agent, an established team leader, or a broker-owner.
In this article, we’ll explore how you can scale your real estate business by forming a team at eXp Realty, a platform that offers unparalleled support for real estate professionals.
Whether you are just getting started in real estate or looking to expand your existing brokerage, eXp Realty provides the tools and resources to make the transition seamless while empowering you to retain your unique brand.
If you would rather watch or listen to this content, check out the video!
Why Form Your Team with eXp Realty?
eXp Realty offers a game-changing approach to real estate team formation. As a team leader, you get access to an extensive range of resources that would typically be expensive or unavailable at traditional brokerages.
With eXp, for just an $85 monthly fee, your team can access everything from cutting-edge CRM tools like KV Core to SkySlope for transaction management. And here’s the kicker—eXp supports your team without adding administrative headaches. Broker support and transaction management are handled by over 900 cloud-based employees.
If you’re already a team leader or a broker-owner, moving your team to eXp Realty offers incentives that allow for seamless transitions. You can keep your branding, colors, and logo while incorporating eXp’s network of resources, giving your team the best of both worlds—maintaining your unique identity while leveraging eXp’s infrastructure.
Unmatched Growth Opportunities
At eXp, growth goes beyond production. Not only can you lead your team, but eXp Realty’s model also allows for residual income through the revenue share program.
Even if a team member eventually leaves your team to form their own, they remain part of your revenue share downline. This structure fosters collaboration and creates long-term value for everyone involved.
As a team leader, you can provide more than just leads and support. Your agents have the opportunity to participate in the company’s equity program, giving them stock awards for production and agent attraction. This financial upside is one of the most compelling reasons to build or transition your team to eXp Realty.
Types of Teams at eXp Realty
eXp Realty offers various team formations to fit your business needs:
- Domestic Team: Perfect for married couples, this setup allows both agents to work as one unit. The lead agent pays the full $85 fee, while the second agent pays $50. Both agents share the same CRM and transaction management systems, and they share one cap of $16,000.
- Self-Organized Team: This informal setup is ideal for agents who want to collaborate without formal team structure. You can set custom referral agreements based on individual transactions, providing flexibility without the need for a formalized split structure.
- Standard Team: If you have closed a minimum of $6 million in sales or 30 transactions in the previous 12 months, you qualify for this option. A 25% split is required, and agents receive an $8,000 cap, half the typical cap, making it financially appealing for newer agents or those looking for mentorship.
- Mega Icon Team: Reserved for high-performing teams that have closed $40 million or 175 transactions in the prior year. This setup is perfect for those looking to scale significantly while offering their team members reduced caps and a large support network.
Why eXp Realty’s Collaboration is Unmatched
What sets eXp apart from traditional brokerages is its global reach and collaborative model. With eXp Realty, there are no territorial boundaries, and you can work with agents across the globe.
Whether you’re collaborating with agents in your state or internationally, eXp provides a platform to refer deals, build a downline, and share resources seamlessly.
This is a major advantage over traditional brokerages, which often limit growth to franchise territories. At eXp, you can grow your network and your revenue share without borders.
The Icon Program: More Than Just a Cap
One of the most compelling reasons top agents choose eXp is the Icon Program. If you cap at $16,000 in commission splits and close an additional 20 transactions, you can earn up to $16,000 back in company stock.
This means that top agents are essentially being paid to work at eXp Realty—an unmatched advantage in the real estate industry.
Ready to Take Your Real Estate Career to the Next Level?
If you’re a team leader or broker-owner, eXp Realty provides unmatched growth potential through its innovative revenue share model, equity programs, and global collaboration. Ready to learn more?
Book a one-on-one call with me, and I’ll show you how eXp Realty can revolutionize your business while giving your agents more opportunities than ever before.
And if you want to keep growing your real estate business, don’t forget to subscribe to my YouTube channel – @jmshireman for more tips on marketing, SEO, and how to leverage the tools at eXp Realty to maximize your success!
