eXp Realty commission split is the exact same for every real estate agent. This puts every real estate agent at eXp Realty on a level playing field there are no secrete deals at eXp Realty. eXp Realty offers agents a great commission split at 80/20. Every brokerage has a commission split some 60/40 some are 90/10, while others brokerages have a 50/50 commission split. I was on a 60/40 commission split with my old brokerage before joining eXp Realty. Of the 60%, I got to keep they took an additional 7% of that for a franchise fee. Here at eXp Realty they only take 20% of your commission up to $16,000. At my old brokerage, they stopped taking that 40% when I reached $21,000 and continued taking the 7% for a franchise fee. At eXp Realty we don’t have franchises so there are no franchise fees and there are no desk fees.
The 80/20 eXp Realty commission split is a win-win for everyone. Say you are a part-time real estate agent and you don’t cap but you sell 4 homes a year. Each time you close you put 80% of your commission in your pocket. If you were at a brokerage with a 50/50 commission split you would only put 50% of each transaction in your pocket.
Let me break down the eXp Realty commission Split and how it works
eXp Commission Split
- 80/20% Split until you reach the Cap of $16,000. You keep 80% of your commission 20% goes the eXp Realty up to $16k (approx. 80k Gross Commission Income) then it goes to 100%
- After you have capped you’ll pay a fee of $250.00 for each transaction up to $5,000 (20 transactions) or if you sell luxury real estate it’s different. See the link below on icon agent to see how it is different.
- Transaction fee drops to $75 once you’ve reached 20 post cap transactions or you’ve reached $500k in Gross Commission Income and you have paid the $5k at which time you will become an Icon Agent. ICON agent means you can get all 16K you paid to the brokerage back in company stock. (see ICON agent – ask for more details)
- For every transaction, you pay $40 in E&O insurance until you’ve completed 12.5 Transactions (Cap is $500 in most of USA)
- For every transaction, you pay $25 for Broker review fee (No limit but well worth it)
- You are allowed 3 Free Personal Transactions per year with only a $250 Fee + BIC and E&O
- There are 3 different ways to get stock in the company ( STOCK OWNERSHIP)
Additional: Are Zero Desk Fees Really a Thing With eXp Realty?
General Commission Splits
eXp Realty offers an 80/20% split until agents reach a total of $16,000 and then they can go to 100% commission. After an agent has reached the cap of $16,000, they’ll pay a fee of $250 for each transaction. Those transaction fees dropped to $75 once the agent has reached 20 transactions. From there, every transaction will require a $40 fee in E & O insurance until the agent has completed 12.5 transactions. With each transaction, agents will pay $25 for broker review fees, which has no limits. eXp Realty also has three free personal transactions with a $250 fee, which includes review and insurance.
eXp Realty has no desk fees, royalty or franchise fees.
Related: What is the Difference Between a Broker and an Agent?
eXp Realty Commission Splits
eXp Realty has four different kinds of commission splits for their agents. Let’s break down each one.
New agents will join with a $149 setup fee that includes 1000 business cards, a lead generation website, access to content management systems, membership in the Regus Business Center, toll-free phone numbers, Google apps for work, storage, and email, Breakthrough Broker Membership, Sky slope Transaction Management System, and access to eXp World, their virtual campus. At this point, the commission is 80/20% until the agent reaches there for $16,000 in fees for that 20%. After that, the agent can keep 100% of the commission for the remainder of the year.
If an agent sells less than three properties within a 12 month period, they will be automatically in the mentor program, where they will incur an additional 20% split for the first three transactions with a local mentor.
Once a real estate agent meets the $16,000 cap for split, they go into 100% commission. They will always have a $40 risk management fee (until an agent has paid in $500), and a broker review fee of $25. Each transaction will now cost $250 and there will be a monthly fee of $85 that covers lead generation tools and University tuition, which includes 60+ hours of live training classes, guest speakers, workshops and sessions.
Once an agent has completed 20 transactions, that $250 fee drops to $75. At this point, high-earning agents get 100% commission, only pay $75 per transaction, $85 monthly lead generation tool fee, and $25 broker review fee. There are no other real estate brokerages out there offering less than $200 per transaction or monthly fee than eXp Realty!
Part-Time Vs Full-Time Real Estate Agent
Stock Purchase Plan
It is unheard of for an agent to get stock in the brokerage until eXp Realty was created. There are multiple different ways for a eXp real estate agent to earn stock in the company and they can opt to receive 5% of their commission check back at a 10% discount. To learn more about the different ways for an agent to receive company stock click here. EXPI Agent Stock program.
Learn More about eXp Realty
- Zillow Leads Vs. Realtor.com Leads
- 20 Questions to Ask When Interviewing Brokerages
- What Experienced Agents REALLY Want in a Brokerage
- 100 Things I Wish I’d Known Before Getting Into Real Estate
- Increasing Your Real Estate Agent Salary
