The eXp Realty Commission Split And Fees In 2023
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- čas přidán 22. 07. 2024
- Learn more about partnering with me at eXp Realty: www.kylehandy.com/partner/
Are you curious about the eXp Realty commission split and other fees associated with becoming an eXp realty agent, broker, or team leader?
In this video, I will share an in-depth explanation of all the costs and opportunities associated with joining eXp Realty.
The commission split and fees I discuss in this video are exactly what I and every other eXp agent pay to the company.
//READ MORE ABOUT THIS TOPIC:
◦ www.kylehandy.com/blog/exp/ex...
00:00 Intro
01:28 All Things Equal
01:56 eXp Realty Commission Split
03:10 eXp Realty Fees
03:38 eXp Realty Monthly Fees
04:08 eXp Realty Transaction Fees
05:50 Commission Split and Fees Example
06:21 eXp Realty Mentor Fees
07:02 eXp Realty Personal Deals
07:30 eXp Realty Seller Fees
08:11 ICON Agent Program
11:18 Conclusion
//WATCH NEXT:
◦ Grow Your Real Estate Business From 0 - • How To Start A Real Es...
◦ How TO Be Successful in Real Estate Without Cold Calling - • How I STOPPED Cold Cal...
◦ eXp Realty Explained (2023) - • Video
//COME SAY HI!
Blog: www.kylehandy.com
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#kylehandy #realestatetraining #exprealtycommissionsplit
Learn more about partnering with me at eXp Realty: www.kylehandy.com/partner/
I watched this video twice and I have no more knowledge of the eXp split than I did before I started watching it the first time.
What questions do you still have?
Hi Kyle. I want to do main commercial but on the side I want to do residential as well. Both at eXp. How much monthly fees do I have to pay? How does 80:20 cap work in this case? Thanks (I'm in California and state allows to join both.)
#Endcrew - How does this work out if the team split is 65% on listings and 50% on buy-side? When does the cap come in assuming average sales of $700K?
Man I’m so energized for making this a career!! Sixfold next!
Let's go!
Liked and subscribed Kyle. I am also EXP. I have a question what camera are you using to shoot these videos. Thanks
Thank you for liking and subscribing! I appreciate your support.
Maybe you can answer this for me. On the 75/25 team plan, does EXP take 20% of the 25% that is paid to the team leader?
Yes they do.
Hi Kyle! I would love to set up a zoom/phone call with you, but I tried pressing the apply now section. and it does not direct me to anything. Hope to hear back from you. Im interested in joining the Dream Team!
Hey Jessica, sorry I'm just seeing this! What's your email I'll get in touch with you!
i do have a question though , if I buy and own rental properties as a real estate agent do I have to pay EXP a percentage of what i make from my rental income?
Great question! Whether or not you need to share a portion of your rental income with your brokerage, often in the form of a commission split, depends on the specific agreement you have with your brokerage. To get a definitive answer, review your brokerage agreement, and if you're uncertain about the terms or have specific questions, consider discussing it with your brokerage's management or a legal advisor. It's essential to have a clear understanding of your financial obligations and benefits when working as a real estate agent with rental properties.
If my split is 50% on listing side transaction to team leader and 30% buyer side transaction to team leader. What is my actually take home?
If you're talking about at eXp where you pay the brokerage 80/20 as well: On $10,000 commission. $5000 to you and 5000 to team leader. Then 80/20 to eXp so you'd walk away with $4000 on the listing. On the buy side, you'd take $7000 from the 10k, then 80% of that, so $5600. Additionally, you'd have an $8k cap being on the team or $4k if it's a mega-team (more than 10 agents). That means if you had already paid in $8k (or $4k) you'd not have the extra 80/20 to eXp.
Have you ever heard of exp overpaying in commission then wanting part of it back 5 months after closing?
Yes, there have been cases where individuals working with eXp Realty have reported issues related to commission overpayments and requests for repayment after closing. However, it's important to clarify that such situations can be highly dependent on the specific contract or agreement an agent has with eXp Realty.
If you find yourself in a similar situation, it's crucial to review the terms of your contract and any commission agreement you have with eXp Realty. These documents should outline the commission structure, payment procedures, and any circumstances under which the brokerage might seek reimbursement.
So what if I join your team, how much do I pay you from the 80% after I give EXP 20%?
You keep all of your 80%. The revenue share is paid out of eXp's 20%. 😁
All this is new to me, I am about to finish my course. Let's say you help someone selling a house for 450k. What's your commission if you are starting with EXP?
#endcrew Thanks very well explained.
Thank you rootraff
I’m a newer agent. I hope we can negotiate 7 when I have a listing hahah
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Does it only cost $85 monthly fee to be a part of exp?
Yes. That’s correct.
I’ll be choosing my sponsor soon. Will they or can they be my mentor by choice?
Choosing a sponsor is a crucial decision in your real estate journey. While sponsors are not automatically mentors, it's beneficial if your sponsor can also serve as a mentor. A mentor can provide guidance, share experiences, and offer valuable insights as you navigate your real estate career. When selecting your sponsor, consider someone whose approach and expertise align with your goals. Communicate your desire for mentorship, and it's likely they'll be willing to support your growth. Remember, your sponsor can play a significant role in your professional development. Best of luck in choosing the right sponsor for your journey!
Seems very confusing. do you have to use mentor?
I understand that the topic might seem confusing, especially if you're new to it. In the real estate industry, using a mentor can be a valuable option, but it's not always mandatory.
# and crew
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Thank you Mitchell
Recycled?
Not sure I understand the question...
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Thanks Terry!
How do I contact you
Man ur video is very informative but I feel like u were a dj before being a realtor ! F*** jumping all over the screen, in out zoom in zoom out side view front view. I still want to thank u for ur time
I appreciate your feedback and I'm glad you found the video informative. I understand that the visual style of the video may have been a bit too dynamic for your taste. I'll take your comments into consideration and work on improving the video presentation to make it more comfortable for viewers in the future. Thank you for taking the time to share your thoughts, and I'm grateful for your appreciation of the content. If you have any specific suggestions or preferences for video style, please feel free to let me know, and I'll do my best to accommodate them in my future videos.
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Thank you so much Shirley
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Thank you Sidney
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Thank you Thomas! 👍😀🤝