eXp Realty vs Keller Williams (Side-by-Side Comparison)
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- čas přidán 8. 07. 2024
- Considering joining eXp Realty or Keller Williams? I have spent 1.5 years at both brokerages and will break down the key differences between the two in this video.
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#exprealty #kellerwilliams #exprealtyexplained
99% of videos I watch about EXP seems like it has nothing to do with actual Real estate, it’s all about bringing new agents for the new agents to bring new agents 🤔
Ok thanks…
Sonny, it may seem that way, eXp agents are shareholders and love to share the successes of the company (almost more so than their own personal success). I assure you, nobody at eXp Realty makes any money unless our agents sell real estate.
It's MLM
So what similar to BBC
@@jenny-DD what’s BBC??
@@kingznqueenztv what’s BBC
From a customer's perspective, EXP agents never seem to call me back. KW agents seem more responsive. That's my experience with the two.
Great comparison! I worked with Keller Williams as well and I very much enjoyed working there. The difference for me is the coaching and mentorship I get working with you and Jason. It's made a real positive impact in my life and business. Keep up the GREAT work! 🤝😉💰
Boom 💣💣💣 Been such a pleasure collaborating!
@@ericbpreston been awesome collaborating with you Lee.
Great value from you! Thanks!
This was a great video Eric. I think it's absolutely a fair assessment of both opportunities which are both viable.
Thanks my man! Glad you liked it.
Talking with several different sales groups versus one that just operates as a team which one do you think is beneficial for a new agent. The sales groups seem to offer a little more training. The team I feel like I could get lost in the shuffle and I wouldn’t know who to contact. My potential sponsor has only been practicing for 6 months but assured me that I have support from other team members
This video really helped me choose between Keller Williams and EXP. I'm glad I chose EXP. Hopefully my sponsor request is granted because you were most definitely the most influential in my decision.
Good choice!
Did you switch to EXP?? If so, how has it been?
This is awesome to hear. eXp is popular in my market. Almost done with my courses before taxing the TX exam.
Just got licensed here in the Dallas, TX area and I’m trying to make a decision on which way to go 😵💫 I’m going to be willing to grind and work hard, but this seems like such a critical decision that I’m getting analysis paralysis a little bit. 8 mins into your video, let’s see if this helps clear the fog. Thank you!
Let me know if you want to chat, would be happy for you to join one of my key partners and I.
This is SUCH a great video. I'm hoping to complete real estate training by Dec!
Go for it, I'll come back to this message in Dec ;)
Thank You Eric . This was a very informative video.
More than welcome :)
Hello! I am just taking my real estate licensing pre course and am deciding what brokerage to join. Thank you so much for your video. It was very helpful and I think that EXP is a better option than KW. I would like to chat when I get my license! Your video really inspired me.
Glad it was helpful!
You're sooooo welcome
i signed an ica with exp but im completely confused lately my sponsor hasnt really spoken to me much more than just the passing of the license when joining the local realtors etc but from there it doesnt make any sense to me what happens moving forward so im very hesitent i understand the revenue sharing an the recruitment but more than that whats next
Hey all! I decided to focus more on my company Agent Launch than my eXp expansion team to avoid chasing two fish at once and get focused on what's most important. To be honest, I'm not a big part of OR fan of the brokerage debate anymore. I'm really proud of what we've built at Agent Launch, so to work with me there and see what we do, visit 👉 agentlaunch.com
great comparison! Does EXP allow agents to work part-time?
@@dekappitation yes of course!
Great video. Thank you for all the tips and advice :)
Very welcome!
Great video Eric B. Preston...!
Thanks Joey!
Thanks, new to exp. Great content!
Glad you liked it!
Awesome video Eric!
Thanks my man!
Thank you for the fair assessment. I am a new licensee and currently interviewing with Brokerages and this was very helpful.
Welcome! Let’s get on a call. Https://collaborativemovement.com/info
This is a great video! Thank you, for the honest comparison & breakdown. I recently passed my real estate exam in CA and I am going to start interviewing with brokerages. Exp sounds like a great fit… however, it sounds as though you need to be more of an “established” agent. In your opinion is Exp a good place for a new agent to start off? Or is it more for a seasoned agent?
@@Amarie2101 It’s a great place to be a new agent in fact we’ve built a lot of training for new agents you won’t find elsewhere :)
@@Amarie2101 I worked on the corporate side of eXp Realty for two years and eXp Realty offers over 80 hours of live training per week. Plus, offers endless other resources and colllaboration tools. Honestly, it is an amazing place for the brand new agent to start...provided they attend training (live or recorded), and their local meetings.
Eric,
Can you tell me if EXP can still be a good fit for a part time agent?
My plan is to eventually go full time. However, my current line of work is completely different from Real estate.
I joined Keller Williams because I was told training was top notch but my current work schedule did not fit into any in office training. I also need a good mentor and I wasn’t able to find one. I moved my license to inactive but I would like to find my footing again but I want to find a better fit
New agents= Keller Williams
Experience agents = Exp
I am hearing Bold is still teaching door knocking though... The training is so outdated.
@@ericbpreston door knocking is outdated?
What is current times strategies?
I'm learning about going into real estate and am thinking into doing a career change to being a real estate agent.
@@mikipascal1667 yes, unless you believe trading time for money will get you rich.
@@ericbpreston Do you have CZcams videos in where you talk about current strategies that you recommend watching?
@@mikipascal1667 yea most of my channel!
I went with Keller Williams as soon as I got licensed , and I don’t like it personally switching to exp because the all virtual will fit better with my full time work schedule
Fair enough ;)
I just passed my Nc exam on May 15, 2022. I'm currently looking for a brokerage to work with. Thanks for this information.
Welcome!
Congrats! I passed in May as well! Good luck with your search love!
eXp Realty now offers over 80 hours of live training per week.
As an outsider, having a desire to change careers and have been looking into pre-licensing classes to become a Realtor, your videos are extremely helpful. Are you ever going to do a video comparing to Centry21? I was talking to a sales coordinator and she briefly said they have a 50/50 split. Not knowing anything yet, that already seems like the brokerage is getting a lot of your commission. She did say they have a mentoring program as well. Any insight would be great!
My understanding with C21 is it can vary a lot in terms of what they offer. I have never been with them so it's not my best place to say, but I have been in over 20 of their offices and I can tell you the experience can vary A LOT... So it really depends on that unique franchises business model.
Amazing video!
Thank you!
Fair opinions! Thank you for sharing. And thank you for being my Sponser! Incredible value you offer.
Thank you Karin!! So excited for this year...
If you've uploaded all your database into the Command platform and switch brokerages, can you 1) export that data into a new platform 2) does KW keep all that data?
I am not sure but I have heard agents having trouble with this 🤷♂️
@@ericbpreston yeah you can export your data out of Command
It’s funny to talk about the training on Exp because it seems that most of the agents are probably too busy trying to recruit other agents that they simply don’t do any training at all. Every time we have to do a transaction with an EXP agent we have to take a deep breath before. It’s almost certainly that we will have problems because most of them have no idea what to do. Another important thing that is good to mention is the transaction fees, at Exp you have to pay a $250 transaction fee after cap so if you are a top producer agent, you will end up paying a lot more the at KW.
Sure, whatever works for you..
After you hit the $16k cap at EXP, is the agent commission 100%? Also, what kind of support is provided for newer agents? Is there a TC or some kind of checklist provided to help you get to closing smoothly? I’m on a team at KW currently so my team lead covers the cap but for a solo agent where I am, the cap is $34k!
There is a small deal fee after the cap - I would check out ericpreston.exprealty.careers and download the brochure with the finer print details like that!
Hi Eric.What do you think about Hubspot as Lead gen and CRM platform for Realtors? Yhanks
We use Follow Up Boss 👉 followupboss.com
What information do I put so I can put you as my sponsor?
So I just received my California real estate license . I am currently living in Louisiana but plan on moving in the fall. Am I able to actively join EXP or would I have to be living in California to train, do closings, etc.. I’m willing to fly when needed. Just was wondering if I can do most things virtually in Louisiana.
eXp Realty is a cloud based corporation virtually allowing you to run your real estate business from anywhere. Plus many of our agents are licensed in multiple states.
@@CoachSuperDan Would i be working with a sponsor in California virtually to help with closings, showings, etc.? Sorry so many questions. Lol
I just started with KW and there’s a lot of fees but if the training and mentorship lives up I have no problem with it. The sponsor thing is confusing. They wanted me to tell me a sponsor and I never met anyone there before
Just don’t buy into the door knocking and old school stuff they teach you in bold! They tend to praise an 18 year old book over there.
@@ericbpreston nothing wrong if it works -
@@jenny-DD you are so misled about how to build a business. Door knocking is there lowest leverage client acquisition strategy you can employ. It’s trading time for money. You have no idea how bad your mentors are and I honestly feel sorry for you.
@@ericbprestonso weirdddd.. how did I make 80k in GCI if it doesn work!?!?! explain that to us Coach Eric LOL
@@Hawaiirealtalkchannel 80k is peanuts good luck and have fun scaling door knocking into a $1m+ business 🙄
As a new agent, I've been interviewing with both KW and Re/Max. KW offers me a cheaper fee per month and with Re/Maxx it's way more expensive. Do you think it's better to go with a brokerage that charges more per month but a higher split, or less per month but a lower split?
You should go with a brokerage that offers you the best mentorship, and all of them will sell you on this, but most of them will let you down in practice.
Fee's will not make you successful, having a blueprint to follow of someone who's succeeded at this business at a high level will.
Most agents I speak with don't get what they are looking for at either, but it can really depend on that individual office. With us at eXp, you get the brokerage mentorship AND your sponsors mentorship, with similar fee's to KW.
For me, it's a no brainer.
New agent? Best mentorship is the way to go. It’s best to pay a little up front and learn the ropes.
@@abethereal Totally agree
@@abethereal absolutely 💯
That's why I choose Kw
What do you think about Real Broker?
I hope I make the right decision!!!!! Super nervous to start my new career 😁
Your brokerage has very little to do with your success. Your own work ethic and the people you surround yourself do, though.
@@ericbprestonthis is the true answer I needed thank you👍🏻
Keller Williams now has an 80/20 split with a $12K Cap but a 6% royalty fee
Not my Keller Williams market center! We're still at 64/36 split and a $125 monthly fee and a 18K cap! Every market center is different though - sounds like you're lucky! I'm looking to move to eXp.
Yup- this bit** is sold out
Your right
We have a choice between 70/30 and 80/20 so if you are going to cap quick the 70/30 is a good way to go. But our cap is $22K and of course the 6% royalty
I'm just getting started can someone explain how it all works and the terminology? What is the cap and the royalty? Which part of the split is the agent which is the brokerage?
KW cap in Los Angeles is $27,000, eXp is $16,000
Yea it can vary a lot! Thanks for the clarity.
Is it a good thing for caps to be smaller or larger?
I'm learning about real estate and thinking of moving into real estate.
Hi Eric,
Great video, thank you! I just passed my state exam and completed my fingerprints last mos. and i am currently looking for a brokerage. I'm torn between EXP and KW. I have some questions re: will I have access to someone (human form) directly to assist me when needed? Will i have a mentor to show me the ropes and provide me with necessary support to develop and grow my business? If I have a question can i call someone re: completing a form or maybe to answer a question that i may not know?
Although every Brokerage is about recruiting agents - EXP from what I can see is 80% about building a Pyramid scheme like MLM. Kw is never marketed in that way - that's why I wouldn't touch the crap Exp
There r litterly large groups of people in Exp who just build an MLM they don't have anything to do with real estate...
Kw is mostly about selling real estate and education- that's why I got into Real Estate to begin with- I choose Kw over Exp any day of the week
You don’t know what you’re talking about because you’re seeing it from the outside and buying into the red koolaid kw is feeding you. Careful of your biases I’ve been with both companies and have a better perspective than you. We’ve built an incredible coaching program in our collaborative movement with 8 coaching calls a week from many 7 figure producers. You don’t get that. In fact, your brokerage still teaches door knocking which is a joke. We coach agents to sell 400 homes a year because our agents actually do that.
80% is just a dumb arbitrary number you made up which speaks to your weak ability to critically analyze anything. Remax and kw are so fearful of exp they are creating the narrative and feeding it to you.
I’m curious, how many homes do you sell a year at kw with this ‘focus on selling real estate and education?’
Show me the numbers, let’s compare. How many hours of training do you get a week? We get over 60. How many homes do you sell per month? How time leveraged are you?
Pony up.
Hi, I have a question about joining eXp under a sponsor. If I'm located in different location or area from you, would it be ideal to have you as a sponsor? is there any challenges to have your sponsor that not living around or in the same city as you?
Thanks!
Definitely! If you are new you will also get a local mentor, and have local managing broker, etc. Your sponsor is someone who influenced you to join the company who you feel you can get value from (such as the coaching we offer). Most of my sponsee's are not local to me!
It's becoming pretty apparent that EXP's main objective is just poaching KW agents. Brokerages can tweak their splits, caps, profit/revenue sharing, etc and try to be the most appealing to agents, but end of the day the real estate model is fundamentally changing and in a handful of years there will be significantly less active agents in these traditional brokerages. These traditional brokerages are fighting with each other over agents while Opendoor is building something special and going to completely change the game over the next few years.
I would argue every brokerages goal is to poach every other brokerages agents.
@@ericbpreston it's easy to understand why eXp would flourish in a 12-24 month period of a pandemic and why a pricier brokerage like KW would struggle to retain agents.. KW's value proposition is training, and it's tough to deliver on that when their offices were closed for long stretches of time. Naturally it wouldn't take long for KW agents to start feeling like they're not getting much in return for what they're paying for in splits/fees/office dues. It will be interesting to see if eXp can actually sustain their growth and make a dent in market share.. I've done 170+ transactions in Atlanta over the past 12 months, and less than 5 were with an eXp agent. 20-25% were with KW agents. So I tend to roll my eyes when people act like eXp is this next great thing.. they seem more focused on building up their downline than actually doing any transactions.
But again, Opendoor is playing a completely different game. They are expanding their buy box, expanding markets, and improving their services. Their goal as a company isn't to be some sort of investor that flips properties for a profit. They are aiming to remove the hassle, frustration, and inconvenience of a real estate transaction for the consumer and they already have more demand than they can handle. Sellers don't want 80 strangers lined up to walk through their house all weekend. Once Opendoor reaches scale they will start layering on more profitable services.
Real estate commissions will continue to be compressed. The lousy agents will eventually get choked out and hang it up. The top performing agents will get less commission, but will still be able to generate plenty of business, and most importantly a seller won't have to pay $30k to sell a $500k home anymore.. hopefully $10-20k will be the new normal before long. Traditional brokerages will be forced to adjust their splits if they want to attract agents.
@@Jolt139 common misconception I don’t blame you for feeling that way. Exp is not big in every market yet but it’s becoming so.
I think it really comes down to what your sponsors offer you and our group happens to help a lot of agents get to your level and beyond. My sponsor does 400+ a year and is 100% dedicated to our exp group as am I. I think people spend too much time looking at brokerage to brokerage offer but forget that the sponsor offers a whole new element to the equation if you pick the right one.
Being inside it’s not all about attraction at all and especially in our group quite the contrary. I can see why people think that way though because they only see the outside and often that ends up being calls from exp agents or agents in their market propositioning them.
I do think exp will be the biggest brokerage in the world in the next few years, it’s hard to see this horse slowing down with so many big agents moving over and the groups being formed through the model. I actually see it more like Amazon in real estate - a platform to build both a traditional and modern team that many will end up on.
If I join EXP with you, there is no percentage charge for coaching new agent?
For our training, no but for eXp look into their new agent mentorship program in which yes you pay a split to your selected local mentor for helping you through your first few deals! However that does not apply to your sponsor.
What about the split with your mentor for the first 3 transactions,
This is only for people who haven't done 3 deals in the past year
What are the fees in that case?
I think it can vary you will want to check@@ErnestoMaldonado-ph5wm
Should I join Keller Williams as a newbie? I just got my license on March 23
My sponsor left EXP and I can't switch without leaving for 6 months!
yikes!
Hi! I live in Richmond VA, can I still join EXP realty? I can’t find EXP office near me.
Absolutely! Apply here and get more info :) joinapp.exprealty.com/
Turning RE into MLM. Veiled by a lot of things and words.
Well, KW started it 😂
Honesrtly though, I think the model applied to differnet industries can product both good and bad results, but all I've seen since joining is it having a positive effect on agent growth, success and accountability. Perhaps thats becuase we actually support our downline agents a lot.
Hi, Eric, great info here. I got my license but be away from BC since, now back and want to reactivate my license, currently try to find an office which suits part time realtor, good mentoring program to get me start. Glad to come across this video, and would love to get any suggestions from you.
Awesome! Feel free to join us and list me as your sponsor and we can get you into all our mentorship programs and weekly training!
How can I join?
@@cleopahrtstudio2504 ericpreston.exprealty.careers
@@ericbpreston I did about two weeks ago, haven’t got the documents yet, how long does it normally take? Thank you.
@@cleopahrtstudio2504 depends on your market! Did you apply and list me as sponsor?
How can you centralise training when each state is so different in regards to how you can practice real estate?
This video comes across as very biast
Also not sure it’s worth it for me to pay $85 a month for EXP while I’m only paying $40 a month for KW. I’d really like to join EXP but all these Exp videos turn me off with REV share
That's so far from the right mindset to choose a brokerage based on $45/m in fees.
Why don’t you answer the other question
@@sonnypetro280 You didn't ask a question?
How can a video about increasing your Revenue turn you off? Makes no sense when the Revenue share program is clearly another option whether you participate in it or not its there for you to make additional income at no added expenses or stress! People need to lower their gaurd and be open minded to what's being offered its not a trick or a scam. It's another stream of added income on top of your GCI.
eXp pays the rev share not the agent that is brought on by another.
And the reality is you ''shouldn't'' trust Keller Williams!--see my YELP review!
🤷 Promo-SM!!
Won’t ever recruit cus that’s like saying ur a realtor but ur really a recruiter lol
2yrs later… how are your thoughts Eric?
Don't really care to be honest. Agent Attraction hasn't been a focus for a long time for me - been busy building my agency. I am a little tired of the brokerage debate online. Seems to be a revolving door type of business model.
@@ericbpreston I can understand that. I’m looking to get my Real Estate License soon and I’ve noticed the videos have the same tune. Interesting to hear from someone who has some experience. What would be your advice if you have any to the new guy? I have been around real estate as my father and grand father were investors many years. Is it worth getting the License? In this market are things getting worse or better for agents?
@@worldwidewheels there is always opportunity. It's not easy though. If I were you I'd join Reilly Nicholls at REAL. They coach in our program and are a great young group. Real estate isn't easy but it's a really personal thing - some people love it. It wasn't for me as I like working online.
Do you still work for eXp Realty?
It seems like EXP is more a of pyramid scheme than a Real Estate company.
interesting info. thanks for sharing... The background music is too loud, annoying and takes away from what you are sharing.
You make 6 figures because you are being paid as a recruirer?
How much they pay you
You sound like your been paid off
😂
So because he says positive things, he is paid off?