eXp Realty is one of the first-of-its-kind cloud-based real estate platforms and virtual technology for brokerage. Founded in 2009, they work in over 20 countries to create a more borderless world. They have over 86,000 agents and a uni-level compensation plan; with over 3.8 billion in sales.
Their main office is based out of the US, but their cloud technology easily connects individual sellers with institutional buyers all over the world. Bringing other agents onto the team is a great incentive as brokers can make a commission off their sponsor trees, this helps keep people with the company and also maximizes career growth through eXp Realty. Their cloud-based technology and focus on the global community differentiates them from their competitors because it makes buying homes much easier than going through a local brokerage; where consumers often have to be very specific about the location they are relocating to.
eXp also supports and encourages individuals to get into the world of real estate by providing helpful compensation, training, coaching, and other agents to sponsor and support their journey in the global real estate market.
eXp Realty offers 4 primary services to its customers. The virtual cloud connects sellers directly with buyers through our online agents that can support you through the entire process.
They offer commercial real estate services to help you elevate your business and find world-class locations for offices, schools, organizations, and other commercial brokerage properties. This is also an ideal platform to find homes, apartments, and other commercial properties in the area of your choosing.
eXP also offers investment opportunities through its daughter brand eXP world holdings. Utilizing their cloud technology they help make property investments with their partners Virbela and Success. eXP world holdings are helping investors all over the world grow financially and empowering economics through new virtual platforms.
Other services offered on their site are eXP solutions that provide financial tools, solutions, and services to help support your journey whether it be buying a home, selling a home, becoming an agent or partner with eXP, or making an investment.
For homeowners looking to sell their house as quickly as possible, also check out eXp Express which provides a quick route to getting your home listed on the market and sold quickly. Simply request your cash offer, connect with one of their quick home sale concierges to review your options, and then choose the best terms to sell your home fast and easily.
eXp Realty's Compensatin Plan Type is Unilevel
In the unilevel plan, which is used by eXp Realty, all directly sponsored members who are recruited by the eXp Realty independent realtor are placed under him/her into a single business level. Additional levels are then created as those sponsored members build teams.
The uni-level compensation plan typically will payout on several levels below the realtor, depending on his/her rank.
For example, new eXp Realty realtors who are just starting out may only earn commission on the sales volume of their directly sponsored team members or level one. Once they achieve a higher career rank, they may earn commission on levels below their directly sponsored team members. Future rank advancements may include additional levels of commissions earned farther down their sponsor tree.