Why I Joined eXp Realty
I have lived in several areas of the country: born in Houston, raised in Baton Rouge, spent my time in the Army in Germany; met my wife while living in Honolulu. But started my real estate career in earnest when my wife's job relocated us to Seattle. After a terrible real estate transaction, I decided that real estate was all about helping people and I could do it better than we had been done.
As a new licensee I signed on with a medium sized local brokerage. Within 6 months I was the sales manager of one of their offices and had aspirations of owning my own office when I was able to get my broker's license. I did get my broker's license and was introduced by a friend to a new real estate concept called Keller Williams that was just emerging on the scene. They had 3600 agents nation-wide and a profit share system. A great deal of what Keller Williams was doing fit in with my long-range plans. We went on to own five KW franchises in the Seattle area. I ran the largest office and grew it to over 109 agents. During my tenure with KW I recruited a ton of agents and currently have hundreds in my downline. We enjoy a substantial residual income.
We sold our real estate franchises before the market crashed. We had brilliant plans of retiring to Florida to enjoy the sun and invest our money in Florida real estate. Having no crystal ball, we did this right before the market crashed and took our real estate with it.
Through a series of circumstances involving family, my wife and I ended up in Northwest Arkansas and opened a boutique real estate brokerage in Springdale. The handful of agents that were on board was a perfect number and managing over a hundred people was in my past and not in my immediate future. We were getting 100% of our commission and did not have the headaches of a large brokerage.
In 2016 my colleague who had introduced me to KW in 1999 called me to tell me about EXP. But like a lot of people, I was comfortable doing real estate on my own and did not pay attention. He kept in touch, and it was not until the end of 2017 that I finally took a strong look at the EXP model. I was blown away and drove to Dallas to see my friend Rob Flick present a lunch and learn. That was the day I finally woke up and realized that EXP was my future and the future of real estate. The next week I joined EXP, closed my brokerage and went to Florida for the EXP 2017 Convention.I tell you all this because EXP was a no-brainer for me. The agents I recruited at KW currently pay yearly profit share income of approximately 20-30K even though I have not been with KW for over 10 years. When I did the EXP math, I was astounded at the amount of money the same number of agents could benefit me. The other reasons I joined are: Commission Split - 80/20 with a 16K Cap with no Franchise Fees ICONN Agent Status - if you achieve certain production goals you get your 16K in commissions back in stock KVcore Lead Generation Software provided - this helped me go from solo agent to a team with 5 buyers agents in 4 months - we are producing about 200 leads per month Rev Share - if you help grow the company you get rewarded for that Equity ownership in the form of stock - Every producing agent gets stock EXP University - over 20 hours a week of live training EXP World - Over 250 support staff to help agents grow and learn If you are a modestly producing agent, it shouldn't be hard to figure out what EXP offers you even if you don't care about attracting agents. If you are a solid producer and have a reasonable sphere of influence this is basic math. Multiple revenue streams help realtors potentially stabilize their lives. Multiple revenue streams help protect agents from sickness, injuries or cushions them from crashes or market fluctuations. The EXP model is a model for ALL times both good and bad.
The crazy part is that my Keller Williams Profit Share check that month was $630... So after being at Keller for many years and owning franchises and building the company my eXp revenue share check exceeded it in my 4th month here... WOW! And all I did was help 3 agents find the company.
The crazier part is that in my 8th month the company payed me about 4,000 dollars. I had helped 5 agents find the company.
Bottom line - eXp will pay me more in rev-share this year than I will pay in commission to the company, making it a true 100% plus.
LOOK AT IT THIS WAY. If you have earned a residual annual income of $50,000 after 5 years at eXp Realty, that is the equivalent of having $500,000 in the bank earning 10% interest a year in terms of paying your monthly expenses. Understand? It can be an exit strategy down the road. It doesn't mean you quit selling homes! Have you brought agents to your team, given them your leads and mentored these agents to become successful independent Realtors? Now, this can be your goal, not your anxiety!
When I talk to agents about eXp Realty, you immediately know my excitement but not only for what it can offer me by you joining this amazing company but ALSO what it can do for you! Shoot me an email at email@example.com or call/text me at 479-365-0660 and I'll buy you a cup of coffee or meet you in the eXp World campus.