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Exp Realty Explained
This document outlines the benefits of joining eXp Realty, a virtual cloud-based real estate brokerage. It details how the virtual platform allows agents to conduct business anywhere with an internet connection. The document also explains eXp Realty's stock compensation plan for agents who meet sales production caps and refer other new agents.
Exp Realty Explained
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- 8. • Allows for“real time” interaction with top professionals around the world. • Allows you to do your business ANYWHERE you have the internet • Access your paperless transactions • Attend sales training and company meetings • Meet with EXP support staff • Creates a collaborative community • Regus corporate suites membership REDUCES EXPENSES….enables OUR brokerage to share additional revenue with it’s agents!
- 9. – Marketing andLead Generating Normally Costs $999 Startup and $6000 Per year. Provided To All Agents As Part of Tech Package.
- 12. • First Transactionof the year – 100 shares • Agent Stock purchase program - 5% of your commissions can be used for stock purchases at a 20% discount • When you CAP- get 375 shares • Refer an agent – get 375 shares • BUY IT! – publicly traded stock • ICON- After CAPPING at 2.66 million, sell 20 more transactions – $250 per transaction to eXp = $5,000 – Earn $16,000 in stock- thank you ICON! – Cash ¼ now and rest vested in 3 years
- 13. Revenue – Expenses= Profit Cloud Brokerage = LESS Expenses = MORE profit = eXp can share OFF THE TOP ! $2,800 $3,200 $2,000 $1,200 $800 $2,000 $4,000 Max Revenue Share Per Agent
- 14. • 6 CappersX $2,800 = $16,800 • 6 Cappers X $3,200 = $19,200 $36,000/YR 242 of 111,000 (.002) ($3,000/MO average) (plus you have 2250+ shares of stock) You refer 6 Agents who each refer just 1 !
- 15. • 1st Level10 x $2,800 = $28,000 YR • 2nd Level 100 x $3,200 = $320,000 YR • 3rd Level ? • 4th Level ? • 5th Level ? • 6th Level ? • 7th Level ? 10 Agents Who Sponsor 10 $348,000 YR with 110 agents who cap Plus 3750 shares of stock ********************** Cap = sales of $2.66Mil
- 16. As of Nov1, 2016 #Agents EXP Board of Realtors Austin 162 7,000+ San Antonio 186 8,000+ Dallas/Ft Worth 166 20,000+ Houston/Corpus 65 25,000+ ****************************** Texas 563 60,000+ Nationally 2000+ 2 Mil
- 17. • $99.00 Startup(one time) – Includes 1,000 cards, folders, Lead Generation site, word press site, Google business site, eFax account, and so much more…. – includes first monthly technology fee • $50.00/month technology fee – Includes cost of avatar and cloud office as well as use of Kunversion. • $420 / year – University Educational Fee – Taken out of your first transaction – Pays for all cloud classes & staff
- 18. • Commission – 80/20split until CAP • No Royalty • CAP at $2.66 million in sales/$16,000 paid to eXp • Per transaction fees – $25 Broker review – $30 E&O insurance ($500 cap/year) (17 transactions) – For capped Agents (100% commission) • $250 fee per transaction for next 20 after you CAP ( ICON Agent earns $16,000 in eXp Stock ! ) • $75 fee per transaction after that.
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Editor's Notes
- #2 Making the distinction between being a “virtual broker” (simply p.o. box and website) vs a Cloud Brokerage.
- #4 Making the distinction between being a “virtual broker” (simply p.o. box and website) vs a Cloud Brokerage.
- #5 Making the distinction between being a “virtual broker” (simply p.o. box and website) vs a Cloud Brokerage.
- #6 Making the distinction between being a “virtual broker” (simply p.o. box and website) vs a Cloud Brokerage.
- #7 Making the distinction between being a “virtual broker” (simply p.o. box and website) vs a Cloud Brokerage.