Real Broker vs. eXp Realty: Which Is Right for You?
Real Broker and eXp Realty are two of the fastest-growing real estate brokerages in the United States. Both offer a variety of benefits to agents, including low commissions, high-tech tools, and a strong support network. However, there are also some key differences between the two companies.
Pros of Real Broker
High commission splits: Real Broker offers a 85/15 commission split with a $12,000 cap. This means that agents keep 85% of their commission on all transactions up to $12,000. Once they exceed $12,000 in commission, they pay a 15% fee to the brokerage.
No monthly fee: Real Broker does not charge a monthly fee for agents. This can save agents money, especially if they are not generating a lot of sales.
Low startup costs: Real Broker has low startup costs, making it a good option for new agents.
Strong support network: Real Broker offers a strong support network for its agents. This includes access to mentors, training, and resources.
Cons of Real Broker
No physical offices: Real Broker is a 100% cloud-based brokerage, which means there are no physical offices. This can be a drawback for agents who prefer to work in an office environment.
Limited technology: Real Broker's technology platform is not as robust as some of the other brokerages on the market.
Smaller network: Real Broker is a smaller brokerage than eXp Realty, which means it has a smaller network of agents and resources.
Pros of eXp Realty
High commission splits: eXp Realty offers an 80/20 commission split with a $16,000 cap. This is the same commission split as Real Broker, but with a higher cap.
Strong support network: eXp Realty has a strong support network for its agents. This includes access to mentors, training, and resources.
Virtual offices: eXp Realty offers virtual offices for its agents. This can be a good option for agents who want the benefits of a physical office without the high costs.
Large network: eXp Realty is a large brokerage with a large network of agents and resources. This can be a benefit for agents who want to collaborate with other agents and access a wide range of resources.
Cons of eXp Realty
Monthly fee: eXp Realty charges a monthly fee of $199 for agents. This can be a drawback for agents who are not generating a lot of sales.
High startup costs: eXp Realty has high startup costs, making it a less attractive option for new agents.
Some fees: eXp Realty charges some fees, such as a risk management fee.
Which is Right for You?
The best choice for you will depend on your individual needs and preferences. If you are looking for high commission splits and no monthly fee, then Real Broker may be a good option for you. If you are looking for a strong support network and a large network of agents, then eXp Realty may be a better choice.
Ultimately, the best way to decide which brokerage is right for you is to compare the pros and cons of each company and choose the one that best meets your needs.
