I'm currently a real estate agent here at eXp Realty in Philadelphia. I decided to give a review on eXp Realty, from my personal experience. If you are curious about eXp Realty, bookmark this page and come back for frequent updates.
I'll talk about what it's like to be a realtor within the cloud-based, virtual brokerage known as eXp Realty. You might be looking to join eXp Realty or you may be just looking for more information. Either way, this article will give you an inside perspective on the company including the cost to join eXp Realty.
This article will address some of your questions, such as:
- Is eXp Realty a good company?
- How eXp Realty works?
- why join eXp Realty?
- How to join eXp Realty?
Do me a favor: after you are finished reading, tell me what you found m0st helpful about this eXp Realty Review by leaving a comment with your thoughts about it below. All feedback is welcome and encouraged.
What is eXp Realty?
What is eXp Realty? If you're reading this, it's likely you already understand or have an idea of the real estate agent business.
eXp Realty is a real estate brokerage. What separates eXp Realty from most brokerage model is the fact that it offers the full benefit of building a business through a multi-level marketing structure and virtual environment.
eXp Realty real estate agents earn revenue share which is considered in most cases to be significantly more than profit share. Profit-sharing is known throughout other real estate brokerage models especially Keller-Williams.
eXp World Cloud Campus
What is the cloud campus? eXp Realty has a virtual cloud-campus that allows the agents and staff to meet, talk, mastermind, and even get real estate training, all virtually. The cloud campus is powered by Virbella, a team of designers, developers, 3D artists, psychologists, and serious game creators.
The cloud campus has several full-time employees there are specifically dedicated to making realtors experience smooth and productive.
The cloud campus allows us to eliminate desk fees and work from anywhere that has an Internet connection. This helps cut overhead and brick-and-mortar expenses. This allows the company to keep more of its money to invest in its real estate agents and staff.
Although eXp Realty has eliminated the NEED for offices, there are some physical office locations that can be utilized when needed. In addition to that, eXp real estate agents are allowed to use Regus Office Suites at no additional cost.
eXp Realty's Technology
What's so special about the technology? Every brokerage has technology! Who cares? Right?
From my personal experience, over 10 years specializing in computer and Technology Industries, technology is forward-thinking and cutting-edge.
This can be hard to explain for people that aren't sure how the technology works. While technology will always have glitches, and there may be times when things don't work the best with technology including, sometimes with eXp Realty, there is nothing like being on the innovative edge of technology.
When I first saw, eXp realty's technology, and systems, I immediately knew that it would blaze a trail for future technology, virtual work, and work-from-home capabilities. I'm writing this in 2020 and we all know what kind of the year 2020 has been. Despite how interested 2020 has been, one thing we have learned is that we can get much done through technology.
Here is some of the technology available:
- KVCore CRM
- Bulk Emailing
- Automated Email Marketing
- Virbella Virtual Workspaces.
- Skyslope Transaction Management
- Making It Rain Advertising – Pay Per Click Marketing
- eXp World – Virtual Campus
- eXp Marketing Center
I'll be giving detailed reviews and experiences on each mentioned in the near future. For now, you can reference this article which will reference some of the tech tools.
Live Training Classes
There are over 50 hours of live training each and every week on the eXp Cloud campus. In fact, I am one of the instructors/teachers. I host and teach our Social Media Mastermind and I attend other classes and training regularly to craft and develop skills for my real estate business as well as my personal life.
The training ranges from all things relevant to being a successful real estate agent and running a successful real estate business. There's training on real estate sales and real estate listings, lead generation, social media, social media marketing, CRM, technology tools, working your sphere, increasing your influence, selling without selling, and much more.
Some of my top training to attend are:
- Brand and Empower Yourself With Video by Davin Fesmire, eXp Realty Boston, Massachusetts
- Grow, Build, And Scale With Video by Aaron Foster, eXp Realty Kansas
- Real Estate Content Creators Blogging Mastermind by Beth Ellyn Rosenthal, Las Vegas Nevada
- Real Estate Social Media Mastermind by Jerome Lewis, eXp Realty Philadelphia, Pennsylvania
- Video For Real Estate by Sam “Shotgun” Cook, eXp Realty Houston, Texas
These are just a few classes that are regularly available to eXp Realty agents and staff. There is a live training schedule that is updated with training regularly. View the eXp Realty Live training calendar below to see the training we have available.
And if you are interested in attending a training, you are more than welcome to. Schedule a call, text, email me, or send me a message on social media by clicking the orange button directly below.
To attend the training, all you need is a computer with Internet access. You don't have to leave your current brokerage or anything like that. There is absolutely no obligation. We believe in leading with value.
Live eXp Realty training calendar directly below.
eXp Realty allows agents to test our live virtual campus and some of our live training for free. If you are interested in trying a training or taking a training class contact me for a guest pass and I will set you up. Again, absolutely no obligation necessary.
Ever need help or assistance from a broker or staff member and that person just not have the time or resources to get you the help you need? Well, it's different with eXp. You will get live staff and support teams who can be available to assist you as late as 8pm EST to help you and/or get you the support you need.
You no longer have to worry about being a 1-person show or an isolated real estate agent/real estate business owner.
Revenue What? Revenue Share
In business, companies make agreements that incentivize and encourage employees, contractors, to be more productive.
So for example, if you complete a real estate transaction, you and your real estate brokerage, if you have an agreement to share the profit we'll split that profit.
Revenue share is the same concept but instead of splitting profit, revenue. Revenue is split before expenses are taken from the profit, which means you get more money for your productivity. Learn more about the revenue sharing opportunities here.
Our agents and team members can receive revenue share income from doing what they already know how to do. Which is help clients buy and sell real estate. You earn this revenue share by inviting other agents into the company. This is the part of the eXp Realty business model that most people mistake and confuse for recruiting.
Bringing other agents into our business can net you a lucrative revenue but it is not required to be a big part of your business. If you are interested in helping clients buy and sell real estate only, you can focus on just that.
If you are interested in the revenue share aspect, we have professionals and mentors in our company that can help you understand it. Reach out to me and I would be more than happy to set up a meeting for you.
eXp Realty Stock Awards
eXp Realty stock grants are the option to purchase stocks at a discount while belonging to the company.
Stocks are often associated with the term golden handcuffs because when a person purchases stocks in a company, they are more committed to contributing to the success of that company because they own a piece of it.
Stock grants can increase loyalty and retention within a real estate brokerage and business.
eXp Realty gives it's agents parts of the stock as an award for production since we are not only agents within the company, but because we are also business owners and own part of the company.
eXp Realty Core Values
Below you will find the eXp Realty Core Values. These are the values the company culture stands by and it gives the company it's identity.
The eXp Realty 9 Core Values
- Be a good neighbor to create a sustainable legacy
- Make positive change in our company and local community
- Don't take yourself too seriously
- Force chaos and change to survive and grow
- The best way to predict the future is to invest in it
- Do the right thing
- Be a good financial steward of the environment, the organization, and our families
- We are all on the same field
- Ge things out from behind the curtains
eXp Realty is a global community designed and powered by our agents and partners, transforming the real estate experience. At the heart of eXp Realty lies our core values. Created together with agents and staff, our nine core values are beliefs that support our vision and shape our culture — both professionally and personally. We use these core values every day to stay aligned.
eXp Realty Healthcare (Clearwater)
Here at eXp Realty the agents are offered affordable and low-cost healthcare options. This includes health insurance and medical cost-sharing, telemedicine services, supplemental insurance and more.
This might seem minor for someone that may not need healthcare services very often but for those that are familiar with healthcare understand how expensive medical care can be.
This alone will help agents save thousands of dollars in healthcare expenses. The healthcare plan will help decrease out-of-pocket medical and healthcare expenses, which in turn allows you to invest that money into other aspects of your real estate business.
These are many tools provided by eXp Realty to help grow your real estate business. These are known as eXp Solutions. We'll talk about a few of them below and update this section accordingly.
eXp Enterprise is about giving you metrics and data on the health of your real estate business. Do things like view commission and cap status, check out eXp Agent Equity awards, check performance reports, and more.
SkySlope is a transaction management software that will make your transactions run alow smoothly. SkySlope helps you get rid of all the necessary paperwork involved in real estate transactions.
View your transactions from any device, sign documents electronically, and do this all in the secure platform that SkySlope provides to eXp Realty Agents, at no extra cost.
KVCore CRM (Formerly Kunversion)
KVCore is a CRM with automatic lead generation and follow-up built into it to help you convert your real estate leads. Normally, this power lead generation CRM can cost you a few hundred dollars just to use it for a couple of months.
When you sign up for eXp you automatically receive KVCore for free. Check out this video from my friend and business partner Jaime Resendiz, of eXp Realty in Texas.
Lead Generation Website
You will also receive a front-facing website that will automatically interact with and help you convert more real estate leads. This is also given to you at no extra cost. Having a website is almost a must for any business and the website given to you will be powered by KVCore, or a web or app service of your choice.
Workplace (by Facebook)
Workplace is a platform that is used to communicate and collaborate with the agents and staff within eXp Realty. Workplace is basically, “The Work Version of Facebook.”
Regular social media can be full of drama and distractions. Workplace eliminates that by providing a platform where eXp Agents and eXp staff can focus on being productive, without the distractions.
The thing I appreciate most about Workplace is the fact it operates very similarly to Facebook, including specific groups relevant to our company such as “Video For Real Estate.”
In includes instant messaging, sending images, and videos, and one of my all-time favorites: Video Chat.
eXp Marketing Center
The eXp Marketing Center is a digital hub for the eXp Realty agents to utilize within their business. This marketing center requires no additional charge.
Here are just a few things the marketing center will allow you to generate and customize:
- business cards
- buyer and listing presentations
- social media content
- blogging content
- door hangers
- video content for clients
- and more
eXp Realty's Preferred Partners
Below is a list of some of our preferred partners. Real estate home-buying, selling services, real estate education, technology services, and more. These vendors/partners help make things even easier.
- Mortgage services – IntroLend
- Title and Escrow – Silverline Title and Escrow
- Cash Buyer/iBuyer Platform – Express Offers
- Home Warranty Services – America's Preferred Home Warranty, Inc.
- Utility Transfer – Moving Hub
- Signage Partner – Build A Sign
- Virtual Real Estate Tour – EyeSpy360
- Currency Exchange – Currencies Direct
- Continuing Education – The CE Shop
What eXp Realty is not?
eXp Realty is not a get rich quick business model nor is it a business model or real estate agency where you will come and just coast to success. As with any and all businesses, you will be required to work and invest into the business.
eXp Realty, like any other real estate brokerage or other business, will require you to work and put for effort. In my experience, some Realtors jump at the opportunity to become a realtor at eXp Realty but they are not willing to do the work to build a successful business.
Just like with any other business, if you do not do the work that is required, you will not succeed. eXp Realty has a ton of opportunity technology, tools, resources training, and more.
eXp Realty is not for typical real estate sales agents or Realtors. eXp Realty is for people that are open-minded and business-minded. Although you may succeed as a real estate agent that just the sales, consider the other benefits and revenue streams of the eXp Realty business model.
Remember your why. Think about the reason you got involved in real estate.
Was it to sell real estate? Build a business? To achieve wealth or financial freedom? Share in the comments if you can. Our specific team sells over 1000s of houses per year through leverage and teamwork as business owners. That's is the power of leverage among our training, tools, and collaboration.
Joining eXp Realty
If you are considering joining eXp realty, it's best that you join with a sponsor. Since the company is built through “word-of-mouth” we like to reward the person that brought any prospective agents over to the brokerage.
You may be talking or have a relationship with someone within eXp Realty already and I would suggest you contact and reach out to that person. If you don't have a relationship with someone directly in eXp Realty feel free to reach out to me. I can put you in touch with some of my mentors and team.
If you have made up your mind and you are definitely interested in joining eXp Realty, visit my website here. When asked who your sponsor is, input “Jerome Lewis” as your sponsor or just reach out to me directly via my contact information displayed at the end of this article/post.
Cost To Join eXp Realty
Aside from the one-time start-up fee for $149, being an agent with access to all the tools and resources mentioned above will cost you only $85 per month. There are no desk fees, royalty fees, or franchise fees added.
Check out this video by my business partner Jaime Resendiz discussing the eXp Realty fees.
Joining My Team At eXp Realty
You can join eXp Realty with just about any eXp Realty real estate agent so why would you consider joining our team? While joining eXp realty will yield you every benefit listed within this article, joining specific teams will give you specific connections and each team can provide you different levels of value.
In addition to all you see here, my team provides even more value to any agent considering joining. Below are just a few benefits and information about who you will be working with when joining our specific team.
First and foremost, one thing I really appreciate about our specific team is the fact that we are real estate investing focused. This means we all invest or have the objective to invest in real estate. Not just buying and selling. This alone is a huge benefit to me and differentiates our team from other teams within eXp Realty.
Jerome Lewis, eXp Realty, Philadelphia
Jerome Lewis specializes in tech, digital marketing, and helps educate individuals on how to invest in real state.
Jerome is the on the Board of Directors at Diversified Real Estate Investors Group, a real estate investment association in the Philadelphia area. Jerome serves a key role as the Director of Marketing and Technology.
Connor Steinbrook, eXp Realty, Texas
Connor is a real estate investor and real estate mentor out of Texas. He has a highly successful YouTube channel that gets deep into real estate investing strategies. Check out one of his videos below on how you can buy more houses for your real estate investing business.
Connor offers anyone that joins our team his course on How To Grow On YouTube as an added value.
Mike Sherard, eXp Realty, Alberta Canada
Mike Sherard is a Canadian real state agent. I first learned of Mike when trying to figure out and understand chatbots for real estate. Mike has done some great things utilizing chatbots for real estate. Check out his video below where he talks about a social media marketing plan for real estate agents.
- Jaime Resendiz, eXp Realty, Texas
- Facebook and Social Media Ad expert
- Ian Flannigan
- Chris Soignier
If you are interested in joining our team specifically feel free to reach out to me at any time.
Join eXp Realty or Try It Before You Buy It
We are one of the only real estate brokerages that will let you try it before you buy it. That means you can access our training and experience if this could be a good fit for you BEFORE you decide to join. That is how confident we are in our business and brokerage model.
If you are interested in a no-obligation guest pass, so you can test-drive our company and model, please reach out to me by clicking the picture below.
I appreciate your time and dedication to reading this far. If you made it this far, you are someone with a serious drive and if you are considering whether to join eXp Realty, feel free to contact me.
What section did you find to be most helpful about this article? What section was the least helpful? Please leave me some feedback in the comments section below.
As a reward for you being here, if you are a real estate agent, real estate investor, or real estate professional, check out this Social Media Guide I put together with my former colleague Chris Armstrong when he used to be here eXp Realty in Florida.
PS. Don't forget to bookmark/save this page so you can refer back to it when needed.
Jerome Lewis – eXp Realty – Digital Real Estate Strategy