In today's video, I'm going to be going over 10 different reasons why agents are joining
eXp Realty. And this is the fastest growing brokerage in the history of real estate,
so you're definitely going to want to watch all the way to the end of this video.
And not only that, but many of the agents that are joining eXp Realty were the top producing
agents at different brokerages. Maybe they ran an independent brokerage. Maybe they had a top
producing team. Maybe they were just top solo agents. And they're shifting their entire business
over to eXp Realty. So let's jump into it. One of the main reasons why everyone joins eXp
Realty is the revenue share program, which is unlike anything else in the industry. And some
of the top eXp agents are making over six figures per month, just from this, not even talking about
their entire real estate business. The way revenue share works is that eXp wants to reward
agents for bringing in other productive agents. So in most brokerages, if you bring in an agent
and maybe they sell 10 million, 20 million, 30 million, you might get a Starbucks gift card,
you might get some type of pat on the back, but you're typically not going to be getting any type
of residual income. However, with eXp Realty, for each productive agent that you bring into
the system that caps, meaning that they sell about three million dollars in total sales,
which isn't really that much, in some markets that might be one house, in other markets,
it might be five, maybe 10 properties. So as you can see here in the different
tier levels, it's up to $2,800 per cap an agent. And to do a little bit of math here, so
if you brought in 10 agents and they all capped, that would be $28,000 per year in residual income.
And then let's say each of those 10 agents brought in another 10 agents. So that would be your second
level. Well, that would be 3,200 per year times a hundred agents, and all of a sudden you're
looking at a passive income of $320,000 per year. Now, look, most agents are not going to
recruit 10 agents. And even if they did not, not every agent is going to cap. So I'm just kind of
playing with some numbers here, but you can see, this goes down to seven different levels. So if
those agents brought in people and then the next level brought in people, you can see how
your passive income could really add up. And this model is actually based on the
Keller Williams profit share plan. However, there's obviously a big difference between
profit and revenue. So the myth with the whole profit sharing plan is that many brokerages,
even at Keller Williams, weren't profitable. So you can recruit a ton of people at Keller Williams
and still not even be making that much money, if any at all. I remember listening to a YouTube
video of one of the top agents at Keller Williams, who brought in the most amount of
people for his state, and he was making something like $1,500 per month, which is still really good,
but that is nowhere near the scale when you just base it on revenue like you have with eXp.
So here's another example, and this one might be a little bit more realistic. So let's just say over
the course of two years, you introduce three agents to eXp. So that would be a total of six
agents. And then let's say instead of 10 agents, those six agents each introduce one capping agent
to eXp. So you can see here with tier one, six agents times 2,800 is $16,800 per year,
just for bringing in some agents. Not a bad passive income. If you were to try to do that
with rental properties, you would have to purchase a significant amount of real estate. And then we
say that those six agents each introduce one agent, maybe it's their friend, their cousin,
whoever it is that wants to get into real estate, and they all cap. Well, that would be 19,200 per
year, plus the 16,800, which would give you a passive residual income of $36,000 per year, which
I don't know about you, but that's pretty good. And I can't think of any other brokerage that
offers anything like that. If you were to bring those same agents into any other brokerage,
tell me what they would give you, because everybody knows six agents they can bring in,
much less if you were really diligent about it and you attracted and brought in significantly more
people. And I heard another real estate investor talking about this, and he was talking about how
his rental properties oftentimes make about 2,500, $2,800 per year. However, with the eXp model,
because it's just one big brokerage, you don't have the overhead and liability that you would
have at an independent brokerage, so it's just an agent just doing their own deals. And obviously,
like a rental property, you're not going to have to manage them or do anything like that.
And they can actually refer other people, so it's almost like a rental property referring other
rental properties. So it's a very cool concept. An interesting thing to know about revenue share,
as well, is that if you were to open up a franchise, you're limited by that one
geographic area. And not only that, but you have to pay hundreds of thousands of dollars sometimes
to actually open a franchise. With eXp Realty, there's no overhead like that, and there's agents
that are building their business and recruiting agents under them nationwide, as well as
internationally. So if you're in Virginia and you know an agent in Texas that wants to join
eXp Realty, they can join under you and you can start making money under them. And I've even heard
of an agent, I think he has some agents in South Africa, somehow he knew an agent in South Africa,
and they're building up this massive team and he's getting paid as a result of that. If you
were an independent broker or you were trying to open up a franchise in South Africa, that would
be pretty difficult for you to do, but because eXp is just one brokerage, it's almost seamless.
The next reason why agents are joining eXp Realty is because of the equity plan. Now,
what other brokerage offers you stock and equity and ownership in the actual company?
At eXp Realty, there's really three different ways to become shareholders and build stock and
build equity in the company. So the first thing is called the Sustainable Equity Plan. And that's
basically on your first transaction, you earn shares. You earn shares when you fully cap,
which we'll talk about in a second. And you also earn shares when an agent that
you bring in closes their first transaction. The next way to build equity is the ICON Agent
award. So with eXp Realty, you're on an 80/20 split. And like I said, we're going to talk about
that in a second. And once you pay $16,000 back to the company in the form of the cap,
then you're on a 100% commission basis. However, you are eligible to get that $16,000 that you paid
towards your cap back in the form of stock. So if you meet the criteria for the ICON Agent Award,
which is basically selling somewhere between 30 to 40 houses per year, which a lot of top agents will
do, you can qualify to get that $16,000 back. And it'll basically be like you're working at a 100%
commission type of brokerage. And a lot of top agents join just for this reason, because they
might be paying a cap to their broker of 10,000, 20,000, 40,000, even $50,000 per year, so the fact
that you can basically be at 100% or significantly less than that is a huge motivating factor.
There's also the Agent Equity Program, and this is one of my favorite things about eXp. So you have
the option to purchase eXp stock at a 10% discount for 5% of every transaction that you do. So if you
do five, 10, 20, 30, 40, 50 deals per year, and you're purchasing stock for every transaction at
a 10% discount that can really add up, especially because eXp is growing so fast. And obviously I
can't make any predictions on the stock price or anything like that, but it's very exciting.
The next reason agents are joining is because they get KV Core included in their $85 per month
fee to be at eXp Realty. Now, KV Core is one of the top websites and CRMs out there, and it
typically costs about $500 per month if you're a solo agent and you want to use this database.
After that, we have the training. So most brokerages, if they offer any training at all,
it's typically done by agents or brokers that aren't really doing deals anymore,
and it may not be the most robust training there is. So at eXp Realty, there's 50 live hours per
week of training, but not only that, but it's led by the top agents in eXp nationwide. So you
can hear what strategies are working in your own backyard. You can listen to agents who are
crushing it in San Diego or wherever it might be. And oftentimes, you can bring strategies in
a different market and bring them into your own market and it typically works out pretty well.
So I would think of this almost like a coaching program, and there's a lot of
real estate coaching programs out there that can cost five, 10, 20, even up to $50,000.
So with this, I've never seen a training platform that's better than this. Where else
are you going to hear the top performing agents basically tell you how to get to that level?
After that, we have the marketing and branding. So because eXp is basically agent owned and
it's really the most agent centered brokerage out there, they want you to keep your brand,
keep your marketing. All you have to do is basically say powered by eXp Realty, and
they have over 5,000 different templates just in their marketing center alone that you can use and
modify for your own name and your own business. Another cool resource that eXp offers is the
Facebook workplace. So it's basically just on Facebook. However, it's only eXp agents
in different areas, and you can form different groups and things like that. But the most
important part about it is the referral network. So I can't think of any other brokerage that has
this extensive of a referral network. And as a result, you might have agents in Hawaii, Alaska,
wherever it might be, and they might refer you clients that are looking to purchase a property
in Washington, DC, or Florida or wherever it is. And as an example, within my first month at eXp,
I had a lead that was completely out of state. I had no idea anything about this market.
So I referred it out to an agent. And within about 10 minutes, I was talking with one of
the top agents in that area. And then not only that, but he told me that he closed nine deals
just from the Facebook referral group in the last year. Now, obviously results aren't typical,
but that's just giving you an idea. And myself personally, within the first 60 days,
I had two referrals from out of state clients and they were looking for an eXp agent in this area.
So it's a very powerful referral network group. Next up, we have the eXp virtual office,
which is one of the coolest things I've ever seen. It was a little weird at first,
but it's a very helpful resource for agents, brokers, for pretty much anybody. And the way it
works is you pretty much just log in and you can walk around and you can get quick access to, you
know, if you need admin support, if you need tech support, if you need to talk with a broker in your
state. All you have to do is basically pull on the dropdown list and go straight to your broker's
office. So you don't have to necessarily drive to the broker's office, set up a time, like you
would at a traditional place. And not only that, but there's hundreds of support staff, basically
just ready to assist different eXp agents. And that's all included in the $85 per month.
There's also different trainings you can go to, and networking things and different
meeting groups and things like that. And although it's a virtual world, there are actually physical
offices with eXp. eXp has a partnership with Regus Offices, which is some of the nicest
office space out there. And there's over 2,800 different locations. So if you did want to meet
a client in person, you have that option and it's all included under your low monthly fee.
Next up is health insurance. So eXp Realty partnered with the insurance broker
Clearwater Benefits to offer health insurance to their agents. Now, that's not included in the $85
per month, but if you're an agent, you can get pretty big discounts, from what I've heard,
on your health insurance. So it's something to look into, and obviously there's so many variables
with healthcare, but just from reading different reviews of agents that have tried it out,
it seems like it could be a great option. So if you made it this far, I'm guessing you might
be somewhat interested in learning more about eXp Realty or potentially even joining eXp Realty.
And what I'm going to ask you to do is fill out the basic information form below. I'll
put a link below this video, where you can just fill it out and I'll give you a call one-on-one
and we can chat a little bit more. I can get your questions answered and we
can see if eXp Realty is a good fit for you. And not only that, but if you join under me,
because you can join under different agents, but you're not going to get these same benefits.
If you join under me, I'm going to throw in about four different bonuses.
Number one is a Monday mastermind call. So with the group I'm in, every single Monday,
there's two different agents that lead it and they each do over a hundred million
dollars per year. And the way the call works is that if you want to jump on it, you can,
and they just start the call. They say, "Hey, what can I help you out with in your business?" So
you basically have this mentorship from a hundred million dollar plus agents, two of them, and I've
just found it to be super helpful. And I don't know what other brokerage is going to have their
top agents just get on the phone every Monday and just answer your questions directly, specifically
for your business. And that's obviously included for free if you were to join under me.
Not only that, but I'm going to throw in my YouTube training program. So that's a program that
basically just shows you how to get millions of views on YouTube, how to close deals on YouTube,
and really how to make a full-time income on YouTube, if that's something you want to do,
or maybe you just want to advertise your business, which is great, too. And I'm also going to give
you my off market real estate investing deals program. So this is basically just a blueprint on
how I purchased 11 units with over 500K in equity in the previous year, and this year hopefully it's
going to be even more than that. But I just lay it out, step-by-step, how I did it. There's not
much fluff. It's straight to the point. So maybe you want to do some real estate investing on the
side. Maybe you want to do it full time. Maybe you're just kind of curious about it, but I'm
going to throw that program in there, as well. And the last benefit to joining with me
is that if you want to start bringing on agents and growing your own team, anytime you need eXp
Realty explained to somebody, maybe it's your friend, cousin, coworker, whoever it is, we
will hop on a call with you, myself or my business partner, and have a one-on-one chat with whoever
you're trying to bring in. And obviously, they would join under you. But if you need somebody
to basically just explain the process, get their questions answered, we will be available to do
that. So again, if you're interested in joining eXp Realty, just fill out the basic information
form below. Or if you have any questions, you can also just drop them in the comment section,
as well. Thanks a lot for watching, and I'll see you in the next video. Bye.