Everything You Need to Know About eXp Realty Agent Benefits in 2023

real estate aegnts shaking hands

Towanna Peterson-Jackson

Team Peterson Jackson Real Estate Professionals

In a brave move, LaShawn and I made the switch to exp Realty in October of 2019 after facing discrimination at our former brokerage. With a renewed sense of belonging and support, we found a welcoming community at exp Realty that empowered us to thrive. Over the span of two years, from 2020 to 2022, our sales soared past the impressive milestone of $10 million, a testament to our hard work, dedication, and unwavering commitment to providing exceptional service to our clients. While discrimination may have been the initial driving force that led us to explore the exp model, we were pleasantly surprised to discover a culture that transcended such negative experiences.

At eXp, we found a community that uplifted us and celebrated our diversity, allowing us to focus on what truly mattered - providing outstanding service to our clients. I was initially drawn to the revenue share model offered by eXp Realty, which proved to be a game-changer for our business. Since joining, we have been able to attract and onboard over 150 agents, all of whom have been eager to join our dynamic and supportive group. By incentivizing agents to recruit and support other agents within the company, eXp encourages a culture of collaboration and shared success. In this article, I'll highlight some things you need to know about eXp Realty agent benefits in 2023 and how our culture, mentorship, and collaborative environment can help you find success in your real estate career.

Unmatched Technology and Resources

One of the biggest eXp Realty agent benefits is access to unmatched technology and resources. eXp Realty is a cloud-based brokerage that provides agents with cutting-edge technology and resources to help them succeed. The cloud-based platform allows agents to access everything they need from anywhere, including training, education, support, and marketing materials.

One of our favorite resources is KV Core. One of the key benefits of KV Core is its advanced lead generation and management features, which allow us to capture and track leads from multiple sources, including our website, social media, and online advertising campaigns. The system uses advanced algorithms and AI-powered tools to identify high-quality leads.

Revenue Share Model

LaShawn and I are revolutionizing the way agents build their eXp Realty businesses by sharing our insider knowledge on attracting agents and being a top sponsor through our education systems. The exp revenue share model is designed to empower agents to build their own passive income businesses within the framework of the larger eXp Realty organization.

This win-win scenario, where agents are rewarded for helping to grow the company, benefits the growth and financial success of their colleagues. The exp revenue share model provides a unique opportunity for agents to achieve true financial independence by building their own businesses, earning a passive income stream, and creating a legacy that can continue long after their active career has ended. The impressive 20% increase in revenue share to agents, reaching a staggering $202 million in 2022, sets a new benchmark for success and cements the company's commitment to empowering and rewarding its valued partners.

Mentorship and Culture of Collaboration

In any industry, the importance of a culture of collaboration and mentorship cannot be overstated. For real estate agents, these values can be the difference between a successful career and one that falls short of expectations. eXp Realty offers a robust mentorship program that connects experienced agents with those who are just starting out or looking to take their careers to the next level. Mentors work closely with their mentees, helping them to develop the skills and knowledge needed to succeed in this competitive field. This includes providing feedback on marketing strategies, negotiating deals, and navigating complex legal and regulatory requirements.

real estate agents working together

eXp Agent Healthcare

We slashed our healthcare costs in half with eXp's revolutionary healthcare option.  One of the unique eXp Realty agent benefits is the healthcare program offered. eXp is partnered with Clearwater healthcare plan that is specifically tailored to the needs of the agents. The plan offers a wide range of coverage options, including medical, dental, vision, and prescription drug coverage. In addition, the eXp healthcare program is more affordable than traditional marketplace plans, making it an excellent option for agents who are looking to save money on their healthcare costs. After searching for a year for a plan that had it all we were surprised to learn our brokerage was also the leader in affordable health insurance options.

Agent Equity Program

At eXp Realty, our agents are the owners of the company, and we earn equity when we close our first sale each year, when we cap and when we sponsor another agent. Once you become an ICON Agent you earn the eXp Realty agent benefit of $16,000 in equity. By offering the opportunity for eXp Realty Agents to invest 5% of their commissions in EXPI stock at a 10% discount, eXp Realty not only empowers their agents to build their financial future but also reinforces their commitment to creating a mutually beneficial partnership.

At eXp Realty, we found much more than just a brokerage - we found a community that embraces and celebrates our diversity, while also providing us tools, resources, and the networking opportunities we were looking for to take our business to the next level. Through the revenue share model and a culture of collaboration, we have been able to build our own businesses while also supporting the growth and success of our colleagues.  As we move forward into 2023, we are excited to continue sharing our insider knowledge on how to attract agents and be a top-notch sponsor through our education systems, and we invite you to join us in this journey. Whether you're just starting out or looking to take your real estate career to the next level, eXp Realty is the place to be.

Towanna Peterson-Jackson

Meet Towanna Jackson

Towanna Jackson is a real estate professional with Team Peterson-Jackson in Southfield. She is a lifelong resident of Michigan. Towanna attended Pontiac Public Schools and holds a degree in Business from Oakland University and a Master's in Public Administration from Central Michigan University.

Towanna lends her strong business skills and pleasant personality when assisting clients while negotiating a home. Once you meet her, you will see that she is not only disciplined, self-motivated, and enthusiastic, but will do everything in her power in making your real estate experience pleasant, time-saving, and successful.