Does eXp work for newer agents?
Yes, the eXp model works wonderfully for new agents provided you have the right sponsor and plug in! eXp has a Mentorship Program that will pair you with a mentor in your state PLUS it includes a curriculum for new agents.
Additionally, by joining with The Agentcy, you become part of our Collaboration Group. There are mentors, meetings, training and so much more within the Collaboration Group to get new and experienced agents on the right path to success.
How do I get help on paperwork or with any questions I have on transactions?
Each state has a designated broker and based on our experience, the brokers at eXp are top notch...better than most traditional office brokers. eXp values their brokers more than a traditional brokerage as its a virtual company and the support from the brokerage has to be STRONG...and it is!
Many states have broker departments of 2, 3, 4 and 5 people because of how many agents are in that particular state. These are all salaried eXp employees in each state. Contract questions would be directed to your state broker and their support team (available 7 days a week).
How do I transfer my current listings to eXp?
Active listings can be transferred between brokerages if your current broker agrees to it in writing. Most brokerages will not hold your listing “hostage” and will typically allow you to transfer active listings.
Clients that you have under contract (buyers or sellers) will remain at your current brokerage and close out at the current brokerage as the broker is the responsible party on contracts in the eyes of the state.
Most brokers will pay you the commission you are owed if you exit gracefully and on the best possible terms.
How does eXp handle Teams?
eXp is a phenomenal fit for teams! As the Team Leader, you will be paying your $16,000 cap through an 80/20 split and your team members will have a "Half CAP" at $8,000 or a “Quarter CAP” at $4,000 depending on your production and team make-up.
You can split your commissions however you wish with your team members (50/50, 60/40, etc) - you just have to receive at least 25% of the commission on each transaction for your team member to receive the reduced cap.
For expansion teams (teams that operate in more than one market) the commission structure at eXp cannot be beaten! You pay just ONE Cap and you can operate in as many cities as you want! You do not have to pay an additional fee for each market you are in.
How will I get LEADS while at eXp?