Why Real Estate Agents Are Switching Their License from Real Broker to eXp Realty
eXp Realty is a cloud-based real estate brokerage that has been growing rapidly in recent years. The company offers a variety of benefits to agents, including high commission splits, low monthly fees, and a strong support network. As a result, many real estate agents are switching their license from Real Broker to eXp Realty.
Here are some of the specific reasons why real estate agents are switching from Real Broker to eXp Realty:
Higher commission splits: eXp Realty offers a 80/20 commission split with a $16,000 cap. This is higher than the 85/15 commission split with a $12,000 cap that Real Broker offers. This means that eXp agents keep 80% of their commission on all transactions up to $16,000. Once they exceed $16,000 in commission, they pay a 20% fee to the brokerage.
Lower monthly fees: eXp Realty charges a monthly fee of $199 for agents. This is lower than the $299 monthly fee that Real Broker charges. This can save agents money, especially if they are not generating a lot of sales.
Strong support network: eXp Realty has a strong support network for its agents. This includes access to mentors, training, and resources. eXp Realty offers a variety of training programs for its agents, including online courses, live webinars, and one-on-one coaching. The company also has a mentorship program that matches new agents with experienced agents.
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. Virtual offices give agents access to a shared workspace, conference rooms, and other amenities.
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. eXp Realty has over 60,000 agents in its network. This gives agents access to a large pool of potential buyers and sellers.
Technology: eXp Realty has a state-of-the-art technology platform that provides agents with the tools they need to succeed. This includes tools for lead generation, marketing, and transaction management. eXp Realty's technology platform is designed to make it easy for agents to manage their businesses and close deals.
In addition to these factors, some real estate agents are also switching from Real Broker to eXp Realty because of the company's focus on innovation. eXp Realty is constantly looking for ways to improve its technology platform and its training programs. This makes it a good choice for agents who are looking for a brokerage that is constantly evolving.
Overall, there are a number of reasons why real estate agents are switching their license from Real Broker to eXp Realty. The company offers a variety of benefits that can help agents save money, grow their businesses, and succeed in the real estate industry.
If you are a real estate agent who is considering switching to eXp Realty, I encourage you to learn more about the company and its benefits. You can visit the eXp Realty website or contact a recruiter to learn more.
