As eXp Realty stands poised to expand into its 14th State in as many months, the buzz around the company has reached a fever pitch. eXp Realty has become known among forward-thinking real estate professionals for offering an unparalleled agent benefits package, including low fees, splits and caps, several comprehensive education programs, cutting edge technology, dynamic websites, phenomenal lead generation, and hands-on social media marketing coaching... Sure, eXp Realty has all of that, but the "secret ingredient" that makes eXp Realty really stand out is its industry-leading revenue share program.
Wouldn't You Like to Retire Someday?
True, residual income programs that encourage company growth are nothing new. There are several other residual income programs out there, but none of them offer the kind of benefits offered by eXp Realty. None. Not even close. You know why? Because eXp Realty deliberately set out to beat the competition. And beat them, they have!
Let me explain. Of the few firms out there that offer residual income opportunities, most have programs that are flawed, convoluted and confusing or, at best, insignificant. For instance, a certain nationally known brokerage, with whom many of us at eXp formerly spent time, has what has been known as the industry-leading profit-share program. The rub lies right there in the name; profit share. eXp Realty has revenue share. Profit share derives from a complicated equation based on agent recruits, company growth and individual office profitability. It is an equation that is barely understood, even by those who sing its praises to potential recruits...and it doesn't pay much, especially when the office you work in isn't making money.
The eXp Realty revenue share program pays you residual income from your recruits regardless of office or company profitability. They make money - you make money.
The eXp Realty Revenue Share Program Explained
It works like this: If you recruit an agent, you receive 3.5% of their gross commission. Period. Better yet, you keep receiving that amount on each of their transactions until they've paid their annual company cap of $16k. If you recruit at least 5 agents yourself, you then receive 4% from the commissions of any agents your recruits have recruited. If you recruit at least 10 agents, you not only receive the 4% from second-level recruits, but also another 2.5% from third level recruits! And it keeps going for seven levels! Basically, for every 5 personal recruits, you qualify for one deeper level of residual, passive income. Take a minute to play around with the eXp Realty Revenue Share Calculator on the left. (Note: you'll receive a small share for lower level recruits regardless of your first level, though it is only a fraction of the amount in this model)
Here's an example:
Let's say you join eXp Realty right now, while we're still in our ground-floor growth phase. You recruit 10 agents, each of which then recruits only one agent, and each of those agents recruits only one agent. That's a total of only 30 agents, after yourself. (Note: As of September of 2010, there were over 1 Million members of the NAR, so 30 shouldn't be that hard) Let's say each of those agents sells 6 median priced homes at 3% commission (NAR estimates 2010 median home price of $166k)... Seems pretty conservative, even these days, doesn't it? How much do you make?
$29, 880 in passive, residual income. You don't even have to get out of bed to make it. (Actually, you must be current with your company fees, but still...)
Now, let's say you get really excited (like me) and recruit 10 agents who are equally excited. Then they go and recruit 10 agents each who are really excited, and those each recruit 10 more. That's 1,110 agents. Quite a few, I know. But remember, there are millions of them out there... Let's say they all perform at the same conservative level as those in the previous example. How much do you think that is?
That's right...almost 1 million Dollars! In passive income. That all comes from convincing 10 halfway decent agents to come work for the fastest growing, most innovative real estate company in the Country, then helping them to do the same, and so on. That's it. Now just imagine what would happen if you recruited a team of top producers in a market with average home prices in the $200-300k range...or higher!
Oh and, by the way, my job is to help you achieve your recruiting goals, as well as those of the agents you recruit... As an eXp Realty Recruiter and Social Media Marketing Coach I am 100% committed to working with you directly to make these numbers a reality. At least until my early retirement....