No desk fees. No royalty fees. No franchise fees.
eXp Realty’s revolutionary virtual-office business model does away with the added costs of a traditional brick-and-mortar brokerage. Keep 80-100% of your commissions, and enjoy a low company cap is just one of the many reasons to join exp realty.
The first thing to note about eXp Realty is that all agent’s commission splits are the same across the board. No agents receive exclusive deals, unlike many other real estate brokerages. All solo agents at eXp Realty pay the same commission split and fees regardless of tenure, transaction volume, etc. eXp does offer a discount for real estate agents on teams. (details below)
This equal treatment embodies eXp Realty’s core value of transparency and ensures that all real estate agents have the same opportunity to succeed.
All agents at eXp Realty pay an 80/20 commission split. For solo agents, the exp realty commission splits cap at $16,000 gross commission paid into the company. When real estate agents earn $80,000 in gross commissions in a single year, they will pay 20 percent to eXp Realty. That is a total of $16,000. $80,000 x 20 percent.
Once an agent reaches their commission cap, that agent will receive 100 percent of their commission minus a capped transaction fee, risk management fee, and broker fee for the remainder of the year.
In Review
Exp real estate agents earn commissions by assisting their clients purchase or sell property
● Agents split their earned commission with the brokerage at an 80/20 percentage
● Commission split cap is $16,000 per anniversary year for each solo agent
● After reaching the commission split cap, agents keep 100% of commission on all transactions for the remainder their specific anniversary year
Standard Team
A standard self organzied team is where real estate agent on the team split their commission with a team leader prior to paying their split to eXp. To qualify a team agreement is required. Additionally, the team leader must meet a production requirement of $6,000,000 in gross commission income from the previous year.
The Standard team model allows team agents to receive a half-cap of $8,000 instead of the normal $16,000 cap.This is regardless of transaction fees. However, note that the team agent must split a minimum of 25% of each closed transaction with the team leader.
Mega ICON Team
A Mega ICON team is a team that has ten or more exp realty agent who all receive a quarter cap of $4,000. The Mega ICON team leader must be able to document a minimum team production of $40 million of closed sales volume and 175 closed transactions in the prior 12 months. However, note that agents on the team roster must split a minimum of 25% of each closed transaction with the team leader to qualify as a mega Icon Team.
Meet Tim Cornwell
Tim Cornwell has always been a problem solver and enjoys the challenge of fixing things. His passion for problem-solving became a valuable asset in his career in real estate. After working in a church and flipping cars, Tim was inspired to flip houses after watching a house flipping show on HGTV. In 2010, he received real estate training and began investing in real estate, eventually becoming a licensed REALTOR® in 2012. Despite starting his career without any structure or guidance, Tim's dedication to his clients and his desire to help other agents succeed led him to start training agents and leading a team in 2014.
Tim takes pride in being a REALTOR® and helping his clients achieve their goals, whether it's a first-time homebuyer or an experienced seller. His goal is to elevate the standards of the real estate industry by providing expert advice and adding value to the process in any way he can, ultimately helping his clients reach their potential and achieve their dreams.