eXp Realty

REDX for Real Estate – What is it and Why Do I Need it?

Last updated on: Published by: John Kinnunen 0

What is REDX?

REDX is a prospecting platform for real estate agents delivering leads and listings each day. It provides leads from different sources to connect agents with qualified buyers and sellers to simplify the prospecting process. It uses an interface call Vortex allowing agents to organize all of their data in one, simple place. Similar to a CRM, REDX allows agents to keep leads, former clients, and their book of business all in one place eliminating the need for different platforms.

It offer more than just phone numbers; it connects real estate agents with homeowners that are actively looking to sell their home, something that is in short supply in today’s market.

REDX for Real Estate - What is it and Why Do I Need it?

REDX offers multiple lead sources for agents. This is just any, old lead that fizzles out and dies. The majority of leads are quality leads that have already been vetted. Every lead comes with a verified and bona fide phone number from a variety of sources such as expired leads, FRBOs, FSBOs, bank owned and foreclosure leads. The leads are pulled from the MLS, classifieds, newspapers, magazines, and even County Court tax records. The goal is to let REDX do all the heavy lifting for you so that you can focus on the leads and your business.

Related: Increase Your Real Estate Agent Salary

REDX offers Expired Listings

REDX offers a variety of expired listings that are pulled from the market. These in addition to older expired listings provide you with potential leads on the most qualified homeowners. No cold calling here. Agents receive specific data for each of the expired listings so that they are able to do their homework ahead of time and be more prepared contacting the lead. Expired leads pricing starts at $59.99

GEO Leads

REDX also provides agents with GEO leads. GEO Leads allow agents to personalize their search so the results are optimized for your business. This geographic farming tool utilized by REDX will provide the agent leads for a generalized area, specific neighborhood, or even a specific address. REDX will provide the information to the agent and will filter out unqualified homeowners. GEO Leads start at $49.99

FRBO & FSBO

REDX will also filter out for sale by owner leads and qualify them before depositing them into your REDX platform. The FRBO database will provide agents with a list of investors and property owners unable to rent a vacant property and may be more inclined to sell. Creating consistently lead to sources can provide agents with the tools they need to focus on their business without cold calling and constantly marketing to unqualified homeowners. FRBO or For Rent by Owner are also an option for lead generating. FSBO leads start at $39.99 and FRBO start at $79.99

Pre-Foreclosure and REO

REDX also offers a database of pre-foreclosure and REO leads through local tax records. Agents can take advantage of the information provided and begin to work to lead immediately rather than qualify each and everyone. Pre-Forclosure pricing starts at $39.99

So, you can easily see how specific and tailored REDX can be for real estate agents. Whatever you want to work with they have a plan and if you want to work multiple facets, you can choose those specific leads.

How does REDX Work?

REDX for Real Estate - What is it and Why Do I Need it?

REDX offers a tool called the “Storm Dialer”. This is an additional fee each month that can simplify the calling process. This system will automatically dial leads from the platform helping you streamline your real estate business. There are additional upgrades as well allowing you to multitask and call several leads at once. This application can automatically leave voicemails for any unanswered phone calls.

REDX works with Vortex®, their trademarked plan for saving time by prioritizing who you call, providing built-in scripts and objection handlers, visualize new inventory with a clean and clear interface and sets reminders to keep the leads hot.

Setting more listing appointments and closing on those is really what this is all about. Stop wasting your time punching in a dead number. Hear “hello” more often with the power dialer and leave a pre-recorded voicemail so you don’t lose a lead… ever.

How Does REDX Compare with Other, Similar Products?

REDX has been compared to other similar products such as Vulcan 7. While operating similar to REDX, it lacks a multiline dialer option and is more expensive.

Landvoice is another alternative to REDX providing comprehensive leads through a variety of similar avenues. However, Landvoice does not offer an integrated dialer system. Agents will need to purchase their own dialer separately and connected to the lead management platform.

Mojo is another REDX competitor offering multi-line dialer options and different lead categories and can integrate with other lead providers including REDX. Roughly around the same price, this could be another potential option. This option imports data and posts automatically from one of their preferred data partners, create calling lists and manages tasks with follow-up calls and setting appointments.

Related: How to Make 100K in Your First Year of Real Estate

Start with quality leads, commit to the process and let the platform back you up along the way. Take advantage of the live phone support and even role-playing until you are comfortable with the system.

Is REDX for you?

REDX is certainly top of its game in functionality, features, and price. If collecting a database, letting another program do the hard work for you, and being conscious of your marketing budget is appropriate for your real estate business, contact me at any time. As a qualified alternative to several higher-priced options, REDX may be the ideal lead-generating solution you need.

The long and short of it is this:

Connect with more potential prospects and leads

Get the accurate contact information

Stay on task and productive

Keep in touch with all your contacts

Stay integrated with a system that works.

Ready to get started? Contact me today!

eXp Realty

Increasing Your Real Estate Agent Salary

Last updated on: Published by: John Kinnunen 0

Real Estate is really a limitless industry. The harder you work the more you can potentially make. But getting started in the real estate game is a whole different ballgame. Establishing and maintaining a steady income can take some time, or you can partner with other experts or another brokerage to earn more of your comission.

The average first-year real estate agent salary is typically less than $15,000. It goes up 100% to 150% between the years one and three depending on how hard they’re really working. However, the very best can earn upwards of $500,000 or more. You might think that selling one home with a $10,000 commission is great but do then only three or four times a year, and you’re at the poverty line.

More than 60% of real estate agents do this as a second business or side hustle and actually make the majority of their income with another full-time day job. For those that really want to get involved in the real estate industry, pushing hard, powering through, and doing the work necessary to build a book of business and referrals to sustain them for that $500,000 income.

Increasing Your Real Estate Agent Salary

So is not all it takes to earn a lucrative real estate agent salary? Hard work? Not necessarily.

1. Increase the sources.

2019, the annual real estate agent salary is just $45,000. The range is typically between $40,000 and $52,000. (Were not going to talk about 2020 as it was a very unusual and non-typical real estate market) being a real estate agent means you’re technically your own boss and that means you’re responsible for paying any out-of-pocket costs such as advertising, website management, transportation, healthcare, and marketing.

This can add up quickly and before you know it, you’ve got just as much going out as you have coming in; not really making a lot of money at this point, are you? This is why a lot of real estate agents supplement their income with other income sources but that still could mean in the way of real estate such as appraisals, home inspections, writing contracts, property management, market valuations, or managing a brokerage. However, we’re talking about a real estate salary, not figuring out ways to make up the difference in the meantime.

2. Don’t limit your niche.

Some agents work solely with homeowners and sellers while some work solely on the buyers agent side. While others probably aside that you prefer, limiting it to one side or the other could be limiting your income by half. While dual agency (representing both the buyer and the seller on the same property) is a sticky subject and actually not legal in a lot of states, representing the same client for both buying and selling a property is ideal. That client only needs to go to one agent to sell their property and by another.

Of course, this really only works when you are buying and selling within the same area. If you’re buying out-of-state or selling out-of-state, that agent may not be licensed in another area and is usually not convenient to travel across state lines to buy or sell real estate regardless of the commission.

While just about every agent has some sort of niche be it short sales, foreclosures, REO’s, probate, or like we mentioned before, buyer and seller’s agent, limiting yourself to one niche can really limit your income. While it can be difficult to advertise for everything, there are ways to promote yourself regardless of the type of transaction you want to facilitate.

Of course, not every agent is proficient in probate and short sales, which are a different animal altogether. Experience really is the key to these types of transactions. But, broadening your horizons to both buyers and sellers will open up the market to more potential leads, especially in a seller’s market when there are very few sellers and a lot of buyers and vice versa.

3. Invest in real estate yourself.

Increasing Your Realtor Salary

A great way to increase your Realtor® salary is to get into the real estate game yourself. Actually investing in real estate yourself is a great way to increase your income as an agent. You are in the perfect position to be a successful investor. You probably know listings that can hit the market faster than anyone and you have a good understanding of the local market, can access these properties before they become popular, and snatch it up before anyone else. However, this can be an expensive route.

This is where partnering with another real estate professional might work best. You can build funds faster together than you would be able to alone and benefit from another’s market knowledge and different perspectives. This might be an attorney, contractor, banker, or financial advisor.

This also gives you the preparation and experience needed to serve others as investors. Investors can be a horse of a different color altogether but with their personal experience in their field of interest, you can help to understand and serve them better without necessarily having the experience that they have.

4. Consider becoming your own broker.

When you become a real estate agent you hang your license with a qualified broker. You technically sign all real estate contracts as the broker such as Windemere, Coldwell Banker, Keller Williams, eXp Realty etc. But, that doesn’t mean that you have to carry the burden of a brokerage all on your own. However, you do have the experience and authority that a broker brings to the table which is at least 2+ years of experience over a licensed agent and more education. Brokers can also earn more by recruiting additional agents under them.

Related: What to know as an eXp Real Estate Agent

5. Hard Work

Yep, there it is… Hard work. Starting off in the real estate business can be difficult. You first start with your sphere of influence or direct business associates from friends and family. However, as soon as the word gets out and people realize that you are all in 150%, a lot of your business will actually come from referrals. This could mean from new homebuilders, other Realtors®, lenders, and of course, friends and family. Past clients are definitely one of the best way to get referrals but of course, you have to have clients first to have past clients.

Staying on top of everyone’s short go to list is always key. Never let them forget you. This doesn’t mean pummeling their inbox every day with reminders that you are the “go to real estate agent”, but it also means not letting a year go by before they hear from you. Make sure to stay in touch with them and ask how their new home is working out for them. Genuinely seem interested and of course the more relationships you build, the more referrals you will build as well. From there, you can expand your referral base and build your network.

Also, partnering with others in the industry is a great way to gain referrals. Find a lender that you love and try to partner with them, possibly connect and share marketing dollars. Get your name out to local builders, inspectors, and appraisers. And of course, Connecting across the country and even the world with global real estate agents can be a great way to gain referrals.

real estate salary

6. Keep track of every dollar.

Remember, you are on your own when it comes to your income. There is no one taking taxes out, no one running the numbers for you unless you pay them. You’ll want to get every tax deduction possible and as a real estate agent, that’s fairly easy.

Just about everything you do as long as it has something to do with the business can be tax-deductible. This might mean deducting a home office, meals and entertainment for clients at 50% tax deductions, depreciation for a vehicle, and of course all your marketing dollars. Any penny you spend on your business can be deducted so don’t miss out on any of those extra dollars.

Increasing a Realtor® salary or even if you’re not a member of the NAR, increasing a real estate agent’s salary can be done but it does take a little bit of knowledge, motivation, and education. Starting off right or starting again after years of stagnant business can definitely be beneficial.

Learn more with these Agent Tools

eXp Realty

Top 199 Real Estate Memes That Are Actually Funny (And Relatable)

Last updated on: Published by: John Kinnunen 0
real estate memes

 

Top 199 Real Estate Memes That Are Actually Funny (And Relatable) 

Everybody loves memes. And although generic memes are hysterical, work-related memes just hit differently. 

Because we empathize with the scenarios you find yourself in as a real estate agent, we decided to compile a list of the top 199 real estate memes that are actually funny.

So, if you’re waiting for a client to arrive or have some time to kill before an open house, enjoy a laugh with these ridiculous and relatable real estate memes. 

 

Whether you’re hustling day and night as a real estate agent or listing occasionally, these memes will resonate with you. 

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Some of our close friends and family don’t fully comprehend what exactly our job entails. 

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And some don’t think our job is necessary (or hard) at all. 

what makes real estate memes funny is they are true to some degree.

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But the friends who get it, they get it. They don’t always like it, but they understand. 

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Although it’s sometimes hard to like your friends who forget you’re in real estate. 

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We all have that one (or more than one) client who thinks our job is a piece of cake. 

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 Balancing different personalities and unrealistic goals sometimes makes us feel like a therapist….

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…a marriage therapist. 

 

 

 

 

 

But our colleagues and team members make it worth it. 

 

 

 

 

 

 

 

 

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Except when it comes to the dreaded lock box….

 

 

 

But it’s all worth that feeling when your client finds their dream home.

  

 

 

Ultimately, you love your job and couldn’t’ see yourself doing anything else. 

Hope Those Real Estate Memes Made You Laugh

We’ve all been through the ups and downs of real estate, but we’re reminded on a daily basis why we fell in love with the industry in the first place. 

Go ahead and share this page with a real estate agent who shares your struggles and successes. After all, we’re all in this together! 

And if you’re a real estate nerd and got a kick out of these jokes, why not try using memes as part of your real estate marketing strategy? 

Hopefully, these relatable real estate memes were able to give you a good laugh and help you unwind from the day!

If you would like more information

Join eXp Realty

There are a lot of brokerages out there if you are looking for one with a good atmosphere and collaboration be sure to check out eXp Realty.

 

eXp Realty

eXp Realty Stock 101: What You Need to Know as an eXp Agent

Last updated on: Published by: John Kinnunen 0
exp realty stock

eXp Realty Stock 101: What You Need to Know as an eXp Agent 

As an eXp realty broker, you have numerous benefits at your disposal, one of which is the ability to own a piece of the company you’re so diligently working for. But, unfortunately, if you’re not taking advantage of the eXp stock, you are missing out. 

eXp Realty stock, known by its ticker symbol EXPI, is a publicly listed company that anyone or their investment brokerage can buy on the NASDAQ stock exchange.

But as an eXp agent, there are three unique ways you can acquire eXp realty stock while continuing to sell real estate as you already are. 

So, how can you earn stock within eXp? 

#1 Agent Equity Program

The “Agent Equity Program” lets eXp Realty retain 5% of the commission from a realtor’s transaction and buy EXPI stock at a discounted rate (saving 10%). 

That stock’s price is ultimately decided by the closing market value of the final trading day of EXPI stock for that month.

There is an Opt-in/Opt-out form that realtors can fill out whenever they want to join or no longer want to engage in this program.

#2 Sustainable Equity Plan 

eXp Realty offers a Sustainable Equity Plan through which agents can earn stock shares for tasks within the company. 

Realtors can obtain shares of stock when they: 

  • Reach their annual cap (net $400 of stock)
  • Sell their first home of the year with eXp Realty (net $200 of stock) 
  • Sponsor another agent who closes their first home with eXp Realty (net $400 of stock, though one-time-only and both realtors but remain with eXp during the vesting period) 

#3 eXp ICON Agent Status  

Finally, eXp realtors can earn stocks through the ICON Agent Awards. Those eXp agents who significantly contribute to the company are awarded this honor for their success by earning ICON status and benefit with the opportunity to earn EXPI stocks. 

To accomplish this, realtors must meet specific requirements, but after earning the title of ICON, they can get their $16,000 cap back in eXp Realty stock each year.

Click here for the Pros and The Cons Of eXp Realty

ICON Production Requirements 

There are two possible methods to achieving these production requirements: 

#1 

The first way to earn ICON status is to close an annual gross commission income of $500,000 with at least ten transactions. But they also have to pay a one-time “ICON Qualification Fee” of $5,000 (minus capped transaction fees). 

As an example, let’s take a realtor with an average sale price of $1,000,000. 2.5% of the total price means a commission of $25,000 each. So, this agent could qualify for ICON status if they sold 20 homes annually and made $500,000 in gross commission incomes. 

Because the cap is $80,000, this person would cap out after 4 transactions and only have to pay $250 for each of the following sales (16 remaining sales before qualifying). 

So in order to qualify for the $16,000 eXp stock award, this agent would have to pay $4,000 ($250 for each of the remaining 16 transactions after capping) plus the one-time ICON Qualification Fee of $3,000. 

That means $7,000 total to be eligible for $16,000 EXPI stock. 

This method is pretty effective for all agents, even those who work in high-priced real estate and may only complete a few sales annually.

#2 

The second method is by capping. First, the realtor must cap (with the commission split, $16,000 gets paid into eXp), then they’ll go to 100% commissions (subtracting a $250 transaction fee).

Realtors do have to pay an extra $5,000 in capped transaction costs to meet the ICON production requirements, which usually means an additional 20 transactions beyond capping.

As a real-world example, let’s imagine it takes an experienced realtor 10 deals to cap every year (10 closings at $8,000 average commission for each is $80,000), and the cap for eXp Realty realtors is $80,000 in gross commissions. The agent has to pay $16,000 paid into eXp Realty (20% of $80,000) 

Ultimately, the exact number of sales required to earn ICON status depends on the agent’s average commission and sales price, but the realtor must cap to achieve ICON and benefit from the stocks earned. 

ICON Award Payout

The payout for the ICON Award takes place in three different phases: 

Phase 1: 

Immediately after achieving ICON status, a realtor will earn $8,000 in EXPI stock. eXp Realty buys that stock on the 15th day of whichever month the eXp Realty is acknowledged as an ICON. 

There’s a three-year vesting period for this initial $8,000 stock. 

Phase 2: 

The second installment of EXPI stick, in the amount of $4,000, is issued when an ICON realtor fulfills their cultural commitment to eXp Realty. The eXp Realty staff assesses the ICON recipient’s cultural commitment one year after getting ICON status. 

ICON Cultural Requirements

There are multiple ways to satisfy the ICON Cultural Requirement, and at least one of them must be completed: 

-Serving as an ICON Committee Member and assessing ten ICON applicants within 12 months

-Acting as a mentor and participating in the program for one year

Fulfilling the role as an ICONversations moderator/panelist and attending the function ten times within the year

Being an ICON instructor and instructing six classes annually 

After the 12 month period AND a realtor’s cultural commitment is confirmed, that extra $4,000 of EXPI stock is issued to the ICON realtor at the end of the month, with the market share cost being the same as the price on the 15th of the month.

This second phase $4,000 EXPI stock will have a two-year vesting time.

Phase 3: 

The ICON recipient also has to attend two company events, but only after earning ICON status. Any other later events will not go towards fulfilling this obligation. They can then receive the final $4,000 in ICON stock awards.

eXp Realty hosts two public meetings every year, the Shareholder Summit and EXPCON. ICON realtors are granted $2,000 for every one of these meetings they are present. 

The final $4,000 (granted in two parts, $2,000 each) stock is vested immediately. 

Selling eXp Realty Shares

If you decide to sell your shares or transfer them to a different brokerage account after the vesting period, you’ll have to do so through Shareworks. 

Any shares are subject to a $0.03/share commission fee in addition to a $20 wire fee. Be aware that stock acquired before November 2017 requires a $50 as they are labeled as “restricted stock.” 

Build Wealth as an eXp Agent with EXPI Stock 

As an eXp agent, be sure to take advantage of the incredible programs the company has in place to own a piece of the business. Although you will have to pay nominal fees, the investment is worth it to become a shareholder in the company. Celebrate the company’s financial success with your own. 

Conclusion

eXp Realty stock is only one of the many reasons you are seeing so many agents join eXp. eXp Realty is more than just a real estate company it is a movement. At the time of this post eXp Realty has just opened up Brazil and plans to open 4 more countries this year at least. If you want to join eXp Realty or have any questions about my ad agency I run, or questions about eXp Realty feel free to reach out to me on any of my social media channels or just click here and choose a time to talk. Talk with John

eXp Realty

Best Real Estate School Online – Top 5 Affordable Choices for 2021

Last updated on: Published by: John Kinnunen 0
Best online real estate school

Real estate is an exciting and growing field where you can earn a good living while setting your own schedule and meeting new people. Becoming a licensed real estate agent involves taking a number of classes to gain practical knowledge of the industry practices that apply to real estate.

The accessibility of online real estate schools make it easier than ever to get the schooling needed to pass the real estate agent exam. Less than half of applicants pass the licensing test the first time. Online courses offer students test prep courses to help you pass the exam the first time and begin a fulfilling career as a licensed real estate agent.

Advantages Of Online Real Estate Schools Vs. In-Person Learning

Succeeding in the real estate business takes hard work and a comprehensive understanding of the industry, the market, and ever-changing trends and regulations. Online learning offers a range of advantages over in-person schooling for real estate certification.

Benefits of online schools for pre-licensing classes, test prep, and continuing education coursework include:

 

Wider Selection of Classes

The emergence of e-Learning has opened up real estate students to a wider range of course selections and specialty areas of study and practice. In addition to pre-license and test prep, students can explore exciting, new electives they would not have otherwise been exposed to. Online real estate courses are taught by active industry professionals who provide valuable insight on the best ways to prepare for continued success.

More Affordable

Online schools are able to charge less without the costly overhead involved in running an in-person class. Completing the necessary coursework online also eliminates travel time and transportation expenses. 

Flexibility

Everyone learns at different levels and in varying ways. Online real estate schools allow students to learn, study, and test on their terms and at their own pace. Some people can binge real estate licensing coursework like a Netflix limited series, while others are more comfortable spreading out the work over time.

How Long Does It Take to Get a Real Estate License?

Taking a real estate pre-licensing or continuing education class at a brick-and-mortar school can take anywhere from four to six months. Online students generally set their own timeframes with classes that provide the same information. Motivated students can finish courses in a matter of weeks or a few months. Exam and application timetables that prolong the licensing process can also vary by state.

Top 5 Online Real Estate Schools

An online real estate school can help prepare you for the state realty exam, provide ongoing education courses, and prepare you for advanced real estate designations. Each school has varying prices, ratings, interface compatibility, course availability, and student pass rates. 

Before investing time and money in a real estate education program, it is important to inspect them all and find out which one fits in best with your goals, needs, and preferences. 

The following are the top online real estate schools to help you decide which will best serve your needs.

Kaplan Real Estate Education

Originally founded in 1938, Kaplan is one of the oldest, largest, and most respected education and test-preparation companies. Famous around the world for preparing students for SATs, ACTs, and AP exams, Kaplan’s Real Estate Education offers real estate licensing courses that offer a variety of structural and interaction options, from live classes to home-study methods. On-demand structures give you the best of both worlds with recorded lessons to play at your own pace, with access to personal instruction as needed.

Kaplan Pros

  • Licensing courses available in all 50 states.
  • Instructors are practicing real estate agents.
  • Full range of instructor accessibility and interaction options.

Kaplan Cons

  • The course interface is outdated and less user-friendly than others.
  • Real estate licensing classes are more expensive than other comparable companies.
  • Shipping costs for materials are not included in the price of courses.

Real Estate Express

Real Estate Express is accredited by the Association of Real Estate License Law Officials (ARELLO) and the International Distance Education Certification Center (IDECC). They offer comprehensive, affordable real estate licensing and renewal courses taught by professional realty instructors. Founded in 1996, Real Estate Express has fully accredited pre-licensing courses with high consumer ratings from consumers that enjoy the “pass or don’t pay” approach.

Real Estate Express Pros

  • Certified by both ARELLO and IDECC.
  • Live chat available with some courses.
  • Large selection of real estate courses.

Real Estate Express Cons

  • Post-licensing courses are not available in many states.
  • Course access expires after six months.
  • Hard copies of study materials not provided (can be printed from online version).

The CE Shop

While The CE Shop offers a wide range of pre-licensing courses for aspiring certified real estate agents, the ARELLO-accredited online school specializes in continuing education coursework. Instructors for both preparation and post-licensing classes are real estate industry specialists who have been successful, active realtors for several years. Short for “Continuing Education,” The CE Shop can be accessed by future agents and realty professionals in all 50 states, with comprehensive, affordable courses for realtors throughout the various stages of their careers.

The CE Shop Pros

  • Continuing education courses start as low as $9.
  • Among the largest selections of realty-related continuing education courses online.
  • Free trials are offered for some online courses.

The CE Shop Cons

  • Poor website interface and user functionality.
  • Pre-licensing exams are unavailable in many states.
  • Pre-licensing and license exam prep classes cannot be separated.

4. 360 Training

360 Training offers self-study packages and pre-licensing courses for aspiring real estate agents, as well as individual exam prep options. Coursework is developed and taught by real estate industry experts that adhere to all state licensing guidelines and requirements. Featuring some of the lowest prices available for real estate pre-licensing classes, 360 Training allows students to order learning materials separately without having to pay for the exam prep for even more savings.

360 Training Pros

  • Among the most affordable full pre-licensing courses in the real estate industry.
  • Exam prep course not required to purchase learning materials.
  • Money-back guarantee if the licensing exam is failed three times.

360 Training Cons

  • Courses available only in 10 states – Alabama, California, Florida, Georgia, Missouri, Montana, New York, Texas, Virginia, and Washington.
  • No interactive functions or instructor contact.
  • The website is outdated with poor user interface.

5. The Center For Realtor® Development

Schooling for real estate agents does not end when the initial licensing coursework is completed. The Center for Realtor® Development (CRD) is ideal for agents that have passed the licensing exam and are looking to take their careers to the next level. CRD offers various niche market certifications and designations endorsed by the National Association of Realtors® (NAR). Most continuing education courses at CRD offer interactive components for direct online engagement and personal contact with a qualified instructor. Among the specialty areas of concentration available at CRD include solar housing, real estate for seniors, vacation home sales, and much more, depending on the state. Students at CRD must be current NAR members.

CRD Pros

  • They are closely aligned with the National Association of Realtors®.
  • Licensed agents take certifications and designations that reflect current trends in high-demand regions.
  • The wide selection of specialized classes in continuing real estate education.

CRD Cons

  • Class registration requires active membership in NAR.
  • No classes are offered in exam prep or pre-licensing.
  • Course topics are highly specialized and not applicable to all licensed Realtors®

Contact John Kinnunen at eXp Realty Today

The real estate industry offers a lucrative and satisfying career for those willing to put in the time and effort. Want to talk about real estate marketing, lead generation, or any other reality-related topic? I can show you how to get started, the best ways to learn, and set you on your path to success. Contact me today and let’s get the conversation started. 

Want more information about joining exp realty?

 

 

 

 

 

 

 

eXp Realty

Is eXp Realty a Pyramid Scheme? MLM? Scam?

Last updated on: Published by: John Kinnunen 0
exp realty a pyramid scheme

After a few years of successful, legal business in the real estate industry, eXp Realty still regularly fields questions like is eXp Realty a pyramid scheme or a MLM business because of its progressive approach to real estate. Whether or not you agree with the business model, it is important to understand how it works and the differences between eXp Realty and illegal pyramid schemes that reward only those at the top.

The realtors at eXp Realty are not being duped into unrealistic promises of wealth with little work. They are provided with a real, legitimate opportunity to have a long, prosperous, and successful career in the real estate industry.

The real estate industry first took notice of eXp Realty in 2016 when we began to make a dent in the community. The market attempted to label our unique approach to conducting real estate business, and some pigeonholed the methodology as an illegal pyramid scheme or multi-level marketing. Only after a comprehensive look at the eXp Realty way can you fully understand that the revenue sharing compensation technique is a pioneering strategy that is completely legal and ethical.

What is Revenue Sharing?

Companies offer revenue sharing options to get employees invested in the organization and make them responsible for the business’s success. The real estate revenue sharing model allows companies to grow without excessive overhead expenses using a virtual office that takes advantage of the latest conferencing and communication technology tools.

Unlike the franchise model, the brokers and agents at eXp Realty are not strapped with franchises or regions to buy and sell. Savings are used to share revenue and help the company grow. When an eXp Realty agent recruits another agent to the company, the revenue generated by the new agent is shared with the original for as long as both are working for the company. The revenue share can go as deep as seven tiers of recruited tiers.

exp realty a pyramid scheme

What is a Pyramid Scheme?

A pyramid scheme is a recruitment-based investment with individual participants generating revenue by expanding the recruiting strategy in width and depth. Some pyramid schemes involve a product, while others have no product to sell, and commissions are made solely by recruiting other participants. Pyramid schemes are illegal  in the United States and other parts of the world.

The following breaks down the two basic types of pyramid schemes.

Naked Pyramid Scheme

Participants do not have to market or sell any products to earn money. They simply have to recruit other people to invest. Aside from ethical issues, the problem with a “naked” pyramid scheme is that eventually, the market is saturated. There is no way for the people at the bottom of the pyramid to make back their initial outlay, let alone to see profits of any kind.

Product-Based Pyramid Scheme

The difference with a product-based pyramid scheme is that new participants typically purchase a starter kit with a range of product lines to sell to the public. The person that recruited the new member gets a cut of their starter kit fee. Like a naked pyramid scheme, those who join late will enter into the investment in a saturated market that will make it challenging to sell products or recruit new people.

What is Multi-Level Marketing?

Participants of multi-level marketing (MLM) companies like Amway and Mary Kay have encouraged friends and family to join their distribution downlines. Existing members are paid a percentage of the sales made by recruited distributors and the people they recruit.

The difference between multi-level marketing and a pyramid scheme is that the focus of MLM companies is the product, while pyramid schemes are based on recruiting others. MLM salespeople are rewarded for higher sales or the ability to successfully manage a sales team.

eXp Realty clearly does not run an illegal pyramid scheme, but their techniques and process have some qualities of an MLM company that legitimately sells real products.

How Does eXp Realty Work?

First and foremost, eXp Realty is a real estate brokerage company. The revenue sharing compensation model is similar to an MLM investment in that brokers recruit other brokers and share in their revenue. Agents at eXp Realty pay an $85 monthly fee and work on an 80/20 split of their commission with a $16,000 cap. Fees go towards offsetting valuable resource tools such as kvCORE, Skyslope, eXp World, Workplace by Facebook, etc.

eXp World Holdings (EXPI) is a publicly-traded stock on the Nasdaq stock exchange and is audited by the United States Securities and Exchange Commission (SEC). With over 20,000 real estate agents, eXp Realty has brokers in all 50 states and most Canada provinces. 

Agents at eXp Realty have the unique chance in equity ownership opportunism that can substantially increase their revenue and profit over time. Incentives include the acquisition of stock after the sale of the first home of the year, bringing on new agents, and additional stock options when a recruit sells their first home.

High-producing agents are rewarded with the return of their entire $16,000 cap as company stock upon completing specific benchmarks. An equity program that acts similarly to a 401k savings account allows agents the chance to purchase eXp stock discounted 20 percent from its trade price at the time.

What Makes eXp Realty Different?

Glenn Sanford, the founder of eXp and the CEO of eXp World Holdings, created a revenue share concept to apply to real estate that organically grew the company by allowing his employees to control the operation and reap the benefits. The existing national brokerage model was lifted to the digital cloud-based environment. Some of the massive savings from eliminating traditional brick-and-mortar stores and the overhead that comes with them were passed along to the brokers and agents that generate the business.

The revenue share system provides incentives for existing agents to attract and recruit additional talent for the team, saving the company even more money by not having to enlist professional recruiters and teams of trainers. The collaborative nature of the revenue sharing concept increases the sharing of ideas to make everyone better and improve the success of the overall business.

This sustainable model reduces the cost of business and creates agents with a vested interest in the company’s success and continued growth. While up to half of the revenue generated goes to agents that recruited you and the ones that recruited them, the eXp Realty model offers brokers to build a substantial base of revenue that can pay off for years to come. Agents can grow their businesses that build a foundation for the future without added expense or the weight of liability.

As the model continues to get attention within the community of progressive real estate brokers, the quality of the agents in the system will continue to improve, further stabilizing the market and the other brokers associated with eXp Realty.

Is eXp Realty a Pyramid Scheme, MLM, or Neither?

The bottom line is that eXp Realty is a legitimate realty business and not an illegal pyramid scheme. The intent is to further the success of the most talented and motivated real estate agents without bogging them down with franchise or regional requirements and without the company needing to establish and maintain a traditional physical location.

Some may feel they have a persuasive argument in classifying eXp Realty as a multi-level marketing company that deals in the real estate industry. However, there are too many differences and incentives to make money performing in the market to be a true MLM experience.

Agents are given the unprecedented opportunity to earn back their cap every year through company stock. They can also access the tools needed to grow and expand their business interests at an astoundingly affordable monthly volume rate.

It helps avoid labeling eXp Realty into any category other than a highly respected, award-winning real estate brokerage. The company was named the largest independent real estate brokerage in North America by transaction count in 2019 and continues to grow every year. Motivated real estate entrepreneurs can make a name for themselves and build a solid foundation for the future using available stock options and revenue sharing opportunities.

Why Choose eXp? 

While much of the talk about eXp Realty may revolve around the notion of multi-level marketing and false accusations of a pyramid scheme, the revenue sharing component of eXp Realty is just one aspect that sets us apart from other realtors. Aside from how agents are compensated and how the revenue sharing concept works for both the company and the agents, eXp Realty is a real estate brokerage company that continues to do an incredible amount of business throughout the country.

Forget whatever you have heard about the way eXp Realty does business and treats its brokers. Get the facts and investigate for yourself, and you will find that eXp Realty is a legal, effective way for real estate brokers to succeed in today’s digital market. 

Work with John Kinnunen: eXp Real Estate Agent

As a licensed eXp real estate agent in Florida and in Michigan with extensive experience in the field, I am eager to share my working knowledge of both the real estate industry as a whole and the exciting future of working for eXp Realty. If you’re already a real estate agent and looking to advance your career, or even if you’re interested in getting started in real estate, contact me today.

eXp Realty

kvCORE – Kunversion

Last updated on: Published by: John Kinnunen 0
kvCORE Knuversion

What is kvCORE

kvCORE is short for Kunversion, which operates a real estate website and CRM system. For those looking for an all-inclusive platform, kvCORE provides accurate information with an easy to follow up system. On the front end it is connected to your MLS so clients can search for homes for sale and on the back end it has a CRM. The kvCORE’s CRM is an extremely robust system that helps manage your clients or leads that come in. The two work hand in hand.

KvCORE is an all in one system that real estate professionals from around the world enjoy. Real estate website designers and developers are everywhere. There so many different brands of real estate websites out there, and I will compare a few of them a little later. You can find real estate websites that are simply designed on the wordpress platform, some real estate websites provide a CRM (Customer Relationship Manager) with them, all of them come with an IDX platform. Finding an all-inclusive system platform is something every agent should have, it helps streamline your process. Some agents prefer to peace together a system which might work better for some. 

kvCORE - My Personal Experience

kvCORE is given to every agent when they join eXp Realty so I have been using it since 2019. I was able to import all my leads from my previous CRM without a problem. Like any CRM kvCORE is going to have its pros and it’s cons. I am not being paid to write this review of kvCORE all I can give you is what I have experienced. I have been using it every day for the past year and a half. This review is just in case you are either looking to join eXp Realty or you are looking to purchase it on your own. 

I use kvCORE to manage a database of 15,000 and to book appointments every week. I also use it to capture information about people that visit my website. I can’t tell you how many times I have been sitting at dinner or my son’s practice and got a text from someone that has been on an auto drip campaign that has said they are ready to purchase. Click here to see my kvCORE website.

kvCORE Training Series

I have put together an entire training series on kvCORE’s best practices that you can watch on YouTube.

kvCORE's Frontend

kvCORE’s frontend connects to your local MLS allowing clients to search all the local listings. kvCORE brings all the data for your clients into one place for them and allows them to make custom reports just for them. 

kvCORE Site

Comparison to Other CRM's

Sierra Interactive – Sierra Interactive is one of the best CRM systems I’ve ever used.  When it comes to SEO Sierra Interactive is one of the best in the business. Their websites are very user friendly, and their CRM’s are easy to use. Their support is amazing as well. However sierra interactive comes with a price. $399/ mnth. If you pay for it by the year it is $4,000 so you get a little break. I have some good friends that work their if you ever get a Sierra Interactive site be sure to tell them I sent you.

Boomtown – From what I have heard from other agents Boomtown is another one of the top CRM systems I’ve have ever used this system before. A good friend I have in the business always said their support is very good, and their website and CRM look incredibly polished and are user-friendly. It does come at a cost, however. Boomtown was around 3x the price (roughly $1500/month) of kvCORE and Firepoint last time I checked.

Follow Up Boss – Follow Up Boss is an excellent CRM. However, it is not an all-in-one solution. You will still need to set up a website with an IDX feed and connect it to Follow Up Boss. Setting this workflow up isn’t complicated but takes more work than an out-of-the-box solution like the two above. If I was trying to decide between Follow Up Boss and kvCORE I would go with kvCORE.  

kvCORE's Back End

kvCORE’s backend is where all the magic really happens. This is where all the client’s information is kept, the marketing campaigns are, landing pages, and squeeze pages are created. This is where everything happens. I am going to walk you through each tab. As you can see from this picture there are 8 sections in the back end some of them my broker and I don’t use so I have little knowledge on those areas.

kvCORE Backend to CRM

kvCORE "Dashboard"

kvCORE dashboard is where you can see what all your clients from your database have been looking at. If you see that a certain client has been visiting your sight frequently it might be a good time to reach out to them and see if there is anything you can help them with. 

"Smart CRM"

kvCORE is a smart CRM section is where your entire database is held. This is where you can go inside each client and update their searches, update their tags, move them along your pipeline. This is also where you will assign the drip campaign you want them to be on. You can also assign the correct drip campaign from the mobile app.

kvCORE's "Lead Engine"

This is the number one thing every real estate agent wants more of “Leads.” This is one of the things kvCORE is so good at doing. You can create squeeze pages and landing pages for your sellers and buyers to land on. When they register on your website it then becomes your lead. kvCORE allows your future client to register with their Google or Facebook account. This helps you get the most accurate contact information.  Here is an example of a squeeze page. 

 
kvCORE Lead Engine Buyer Landing Page

From kvCORE’s “Lead Engine” this is where you will start creating the links to create your buyer and seller landing pages also known as squeeze pages. Once you create these squeeze pages it is your job to drive traffic to these pages. There are many different ways to drive traffic to your website Paid and FREE traffic. Free-ways include things like Facebook Post, Flyers, Facebook Marketplace Post, Craiglist Ads, YouTube Videos. Paid traffic includes ways like Google Ads, Facebook Lead Ads, Instagram Ads, Bing Ads, Yahoo Ads, Facebook Retargetting Ads just to name a few. If you don’t know how to run Google Ads and you are with eXp realty you will be able to sign up for a service called “Making It Rain” it is a company that runs your Google ads for you. 

If you don’t know how to run Facebook ads that generate leads and I am your sponsor at eXp Realty I will set them up for you. If you are not with eXp Realty or with another sponsor you can purchase my ads course here. Here is a video on how to set up a Facebook Lead ad to attract more buyers.

Listings

The “Listings” section in kvCORE is where all the listings in your MLS are. You can choose one and email or text to your client. You can choose it and post it to social media you can even directly post it to craigslist. I would suggest posting anyone else’s listings unless you have their permissions.  

Marketing Autopilot

Marketing Autopilot is where you can set up your drip campaigns, text campaigns, and set up your behavioral automation. Your system will reach out to you when someone from your database revisits your website after 14 days, text you if someone views a property more than 5 times. the system will also reach out to your database for you with text, emails, voicemail drops, and video text and emails. I like to explain like you are going to be hitting your database from land, air, and sea. Really it is no lead left behind. 

You will also set up birthday and anniversary campaigns here and this is where you get into your mobile dialer. There is so much you can do here.

kvCORE Marketing Auto Pilot

When you start getting a high number of leads like I have to manage you need systems in place like this to make sure you don’t drop the ball. kvCORE has been a game-changer for me when it comes to managing my leads.

Transactions

Some brokerages choose to use this area in kvCORE to store all their “transaction” data here. You can see details like client, address, commission, closing date, tasks list, and all your files.

My current broker eXp Realty uses a tool called skyslope to keep track of all the transactions so I don’t really have much to say about this area.

Web & IDX

“kvCORE” has a “web & IDX” section in its backend. This is where you are going to customize your website and put all your personal contact information in and where you will put your MLS information in so your website will pull the listings from your MLS. This is where you will add your google analytics code and your Facebook pixel. Your Facebook pixel code is used for creating retargeting marketing campaigns. Your Google Analytics code is so you can see how many visitors you receive per day and where they are coming from.  

You can also connect your sites so they will automatically pull your testimonials from third party sites here as well. This is where you will tell everyone what service areas you service, and if you have blog post this is where you can put them as well.

kvCORE Marketplace

Marketplace

kvCore’s “Marketplace” is like the app store for kvCORE. This is where you can purchase additional tools like for marketing, or you can buy a customizable template to put over your website, and you can this is where you can ad making it rain that I mentioned earlier. I haven’t paid for any of these add-on’s I do all my own paid advertising and I don’t feel the need to customize my site anymore then what they give you access too. 

This is also where you can signup for team products and upgrades. Within this, upgrade, it allows the team leader to assign leads as they come into certain agents. There is also additional analytics that goes with the team add-on.  

If you’re licensed in multiple states you can have an additional MLS added for an additional $14 more. This upgrade means that if you are an agent or broker and are licensed in multiple states and only want one website to manage, you can do that with this add-on!

Finally, you can also have kvCORE setup paid buyer lead generation campaigns for you through Facebook or Google. These are monthly recurring costs that you can choose in increments of $250 starting at $250 for Facebook and $500 for Google. kvCORE sets up the advertisement and monitors performance. All that you need to do is to follow up and convert the new lead.

Business Analytics

kvCORE offers a Business Analytics section which is exactly as it sounds. Here is where you can track where every lead is in the process. I don’t use this section of kvCORE to track my numbers I have a spreadsheet I use for this. I do use it to see how many search alerts have gone out, how many emails have been sent and how many viewed properties. However, I do not use it to track how many deals I have closed or where each lead is in the process. 

Support Center

If you ever have a question about how to do something on kvCORE there is always the “Support Portal” is a good place to start. 9 times out of 10 I find the answer I am looking for in there. By chance it hasn’t already been answered there is always the live chat widget you can use down in the lower right-hand corner. The live chat is only available Monday thru Friday from 7 a.m. to 5 p.m. If you leave them a message they will get back to you the next day if they are closed.

kvCore Chatbot Integration

kvCORE does come with the generic chat button already built into your website but if you want to integrate it with ManyChat or any other chatbot you can. I choose to integrate my website with my Facebook chat from my business page. I created a little video on this to help others that may need a little help integrating there’s. I choose to do it that way instead of using ManyChat or some of the others because it is FREE. If you’re going to get into sending out mass messages to previous people that have messaged your page then I would suggest going with ManyChat. To be honest I haven’t had a single person message me from my page yet. Maybe if I started getting a lot of people messaging me I would invest in a little system. ManyChat is also great if you are going to start running messenger ads on Facebook. 

Learning Portal

For those real estate agents that are new to kvCORE they have a “learning portal.” Here you will find FREE class on how to use kvCORE. If you are with eXp realty or joining eXp Realty, eXp Realty has courses inside eXp world that will also help you become a power user of kvCORE. All new agents I suggest attending all the trainings in eXp world on kvCORE and if you end up naming me as your sponsor I help all my new agents set up their kvCORE for success. 

I also highly suggest clicking on “Growing Strategies” where they cover Facebook ads, Google Ads, and some on Retargetting as well. All these are great growth strategies. Click Here for some more videos on creating and running Facebook Ads for Real Estate Agents. 

kvCORE Two Systems

kvCORE offers two systems depending on the need, the original kvCORE and K+ Team.  The original system is for brokerages and agents whereas the K+ Team is a more simplistic version for team leaders, individuals, or high-performing single agents.

This next-generation solution for modern brokerages and teams can help run their entire business on one simple platform. The software comes complete with a lead engine, website and IDX operations, smart CRM system, transaction organization, marketing, and business analytics. It also offers an ace third-party marketplace tool to provide an all-inclusive real estate website and platform for modern brokerages.

This cloud-based customer relation management utilizes the system for increased efficiencies, to close the gap between lead generators and close deals, and provides a smart CRM system to generate leads from various sources such as listing videos and landing pages or through customized squeeze pages. Users can easily sink contacts with the database and provide users with templates to design customizable landing pages, listing pages, and other related information for a specific market.

This truly is an all-in-one platform for real estate professionals.

No one likes to micromanage every detail of their real estate business. kvCORE offers platforms, website and IDX offerings, smart CRM solutions, marketing autopilot procedures, business analytics, and listings and transactions all in one place. It’s ideal for brokers and individual agents as well.

For Brokers

kvCORE offers a unique feature for all of your agents and team members. Empower your agents with the best technology offering an industry-leading lead-gen and networking tool with all the abilities to automate the entire business and brokerage.

kvCORE provides fast, efficient, cross-market growth for modern business models offering the ability to scale up teams and provide top tools and solutions for all members. One of the best things about it is that it’s affordable for brokerages and individuals alike. It provides a fully integrated transaction management system and maximizes close rates with automation and accountability.

For Individuals

kvCORE offers one of the best real estate platforms on the market today. Poor technology has been the leading cause of high agent frustration and low adoption in real estate companies. With this system, brokerages and individuals alike receive optimized solutions in a complete Enterprise Platform.

This platform allows your business to grow with a fully scalable cloud platform integrating your entire business into a solution that will save money, time, and focus on factors that drive higher profitability.

This all-inclusive real estate platform is designed for the modern brokerage by offering the industry’s most robust lead generation system out there.

SMART CRM

Every agent and brokerage knows they need an efficient CRM (Customer Relationship Management) system in order to stay organized and on top of transactions and lead generation. kvCORE offers behavioral automation to alert agents of the most opportune time to reach out to clients. With social media marketing tools, listings management, and back-office functionality, this comprehensive technology tool offers connectivity like never before.

Cost

kvCORE is one of the most reasonably priced all in one system. When you are with eXp Realty kvCORE comes for free. The K+ TEAM platform, suitable for up to five agents is approximately $500 per month. This more basic version offers campaign management, property matching, contact management, email marketing, interaction tracking, lead management, property alerts, referral tracking, and segmentation for 1 to 49 users. The lighter version offers training by live online training seminars and webinars.

The full kvCORE offers all of the above as well as documentation training and in-person training design for two to over 1000 users. This process costs around $1200 plus per month and increases as the agent count increases. Monthly fees do not include startup costs that must be generated from customized pricing guides.

kvCORE Comparison

kvCORE is often compared to other CRM systems such as Fire point, Boomtown, and follow-up boss. However, many of these are not as cost-effective nor do they all provide an all-in-one solution.

kvCORE is customizable from local areas to taglines, social media links and testimonials, blog post options and background images. This website platform can also integrate Facebook messenger chat, IDX searches, specific filters, and market stats.

Real estate brokerages need to provide extensive information to potential clients. Buyers are often looking for hot listings, similar properties and neighborhoods, the ability to save their search and detailed map pages. kvCORE offers all of these abilities as well as email alerts and user registration.

From landing pages to seller pages, maps and CTA’s kvCORE offers an all-inclusive, one-size-fits-all solution for every modern brokerage customized to specific areas, details, and needs.

To learn more about the benefits of kvCORE and how it can prosper your brokerage or individual agent business, contact me at any time. I be happy to discuss the qualifications, pricing strategies, and whether the light program or the full program would be better suited to your needs.

“I’ve used kvCORE for a while now and enjoy the ease-of-use and customer service. It helps me stay on top of my database.”

“Ease-of-use and organization of the top reasons I use kvCORE. It has become an invaluable resource, platform, and business model for our entire brokerage.”

eXp Realty

Pros and The Cons of eXp Realty

Last updated on: Published by: John Kinnunen 0
Joining eXp Realty the Pros and The Cons
Joining eXp Realty, The Pros and The Cons

Joining eXp Realty is just like anything else, there’s going to be pros and cons. eXp Realty might not be for you but at least at the end of this article you will have a pretty good understanding of eXp Realty. Now I always suggest making a list. One side your pros, cons on the other. Then you need to see which one outweighs the other. eXp Realty might not be for you. But right now you’re probably sitting there wondering what the heck, what’s all the fuss about why is everybody joining? eXp Realty just last week had 599 agents join eXp . eXp Realty is the fastest growing real estate company in the United States history. You’re probably wondering though why. Why are there so many real estate agents leaving brokerages they have been at for 15+ years to join exp realty? Why did the owner of a 700 agent independent brokerage come over to exp? They had the opportunity to sell their real estate company for millions of dollars, but instead, he brought it to exp reality. His name is Chuck Fazio out of Arizona. And I know him personally, and I am on a phone call with him and Gogo Bethke three to four times a week discussing how I can build my business because that’s the kind of collaboration we have here at eXp Realty. Chuck and Gogo want to see me succeed.

There are agents that come here that spend like maybe six, seven months here, and then they’re gone. That’s probably because they were explained the exp model wrong. They probably were approached by an agent that said, “Hey, come, come join exp work. We’re going to build this massive downline. We’re going to have all this passive income coming in and you’re never going to have to sell real estate ever again.” And that couldn’t be any further from the truth. Because when you join eXp Realty, we are a real estate company. So we sell real estate, that’s our number one job. Now the possibility of having multiple streams of income coming in are very, very high. Now, also, when you join exp, you’re going to have all these top producing agents that you see coming over here, here to teach you and to help you grow your business. In something, we call eXp World.

What other companies out there have their top producing agents, teaching you all their tips and tricks? I can tell you from firsthand experience, I used to be with Berkshire Hathaway, and we didn’t have those top agents teaching us all their tips and tricks because lets be honest. I was taking money out of their pocket at the end of the day. We’re actually an international brokerage. So we have people from all over the world teaching at exp.

 

Partner With Me

Choose an Option or Scroll Down

Pros

Cons

  1. Collaboration
  2. All The Training
  3. Opportunity to Make Passive Income
  4. Earn Stock in The Company
  5. More Stock
  6. Still can Join eXp Realty its Not to Late
  7. Workplace and Workplace Chat
  8. kvCORE
  9. Healthcare is Possible
  10.  Low Fees

 

  1. No Admin
  2. Other Agents Give eXp a Bad Name
  3. Waiting Time Period
  4.  How Long It Took Me To Join

 

Con #1 No Admin

I’m going to start with a con. Unless you’re bringing over your own admin and you’re going to pay them yourself. You’re not going to have an admin like you might have at your office right now. You might be used to them inputting your listings to the MLS or turning in your closing packet to them and waiting to get paid.

What you’re going to have to do is you’re going to have to input your own stuff into the MLS, which is doable. I do it myself. You’re going to have to upload your contracts and closing documents to something called sky slope, which a lot of the time I do from the parking lot of the title company. It’s literally that easy. What you do is you take a picture of the closing documents, only a few of them, and you upload them. The accounting department reviews it and direct deposits your commission check.  Usually within 24 hours. I’ve never had it lasts longer than that. Just depends on how early in the day you’re closing is. Yes, it’s really that easy.

Similar process with a listing you upload your contract to skyslope. The broker reviews it. They make sure all the I’s are dotted and T’s are crossed.

Pro #1 Collaboration

The collaboration at this company is like nothing I’ve ever seen. I’ve taught architecture. I’ve worked for architectural firms, I’ve built homes, I’ve been a life guard for Disney and the collaboration here at exp is the top notch. I’ve also worked for Berkshire Hathaway like I mentioned above and the collaboration here is way better.

Now, whenever I say collaboration, I always want to say stop, collaborate and listen. Ice is back with a brand new addition, something grabs a hold of me tightly flow like a Hawk daily and nightly….. Sorry. I always want to do that whenever I say collaboration. But collaboration here at exp reality isn’t about vanilla ice. It’s about taking your real estate game to the next level, its about you becoming an empowered real estate agent. It’s about being better than you were yesterday. The people here have an invested interest in you doing something today. That’s going to help you sell more homes tomorrow, because why? Because everyone that sells homes here at eXp Realty becomes an owner in the company, you get stock in the company, it becomes yours. You are then able to sell that stock that they give you.

I’m not going to lie to you. You can’t turn around the next day and sell it. You’re going to have to wait three years to sell the stock that they give you. Now, the stuff that you purchase at a 10% discount, you can sell that in six months. And I know people that have done both. They’ve been here for three years and they can sell their stock and they have, and I know people that have sold their stock that they have purchased at a 10% discount.

Somebody actually just sold some of their eXp stock for $115,000 and they bought an investment home. They turned it into an Airbnb. Wouldn’t that be cool? I know somebody that also retired and sold their stock for over a million dollars. Wouldn’t that be nice if every company gave you that opportunity? Now, will that happen to you? I don’t know.

I’m not a financial advisor. Do your own research, get in contact with the financial advisor. And maybe he can advise you in that, you know, that aspect of the stock market and things like that. That’s not my forte. I sell real estate. My team and I help other agents take their real estate career to the next level.

If you want to join eXp Realty click here to see what you get when you join on top of everything you get from eXp Realty. I do have a Facebook ads course that you can purchase here, but you can receive it for free. If you name me as your sponsor when you join exp. You will learn how to run Facebook ads like all your competitors and even be able to see what ads they are running.

Pro #2 All The Training

You will get 80 + hours of training a week in exp world. Once you join eXp realty you will log into exp world create an avatar. You do it one time, and then you’re done. You don’t have to go into exp world from your computer ever again if you don’t want to, but you can. What I do is I use my phone. There is an exp world app you can download from the play store. I find it easier to catch live trainings from the eXp app because I am always on the go. It looks like this.

You can download it now if you would like but you won’t be able to use it until you either contact me for a guest pass or you join eXp Realty. Here is a sample of the classes. Now on top of the 80+ hours of training, you can get from eXp world you will also receive live coaching calls from John Kitchens and Gogo Bethke once a week as well.

The training you receive in eXp world is live training. It isn’t prerecorded from someone that isn’t even in the game anymore.  You can raise your hand to ask any questions if you want. There is a teacher at the front of the classroom, teaching the class.  If you’re on the go listening from the app you can talk right into your phone to get your questions answered there is a chatbox as well. When you are on the app you don’t get to see it in the same way that you get to see it when you’re on your computer, but that never bothers me. I’m always on the go. So I’m always listening from my phone. The classes are usually being taught by the top agents at eXp Realty, usually, they’re an icon agents. And what an icon agent is, is once you hit your $16,000 cap, because everybody here has a $16,000 cap, because there are no secret deals like you might be used to at your own brokerage. The only way it isn’t a 16k cap is if you are on a team.

 

Once you hit that $16,000 cap and you sell another 20 transactions on top of that, and you fulfill a couple of other eXp requirements, you become an icon agent. That means you get all $16,000 back to you in company stock. They say, thank you. I appreciate you. You are a rock star agent, and here you go. Now again, you have to wait to sell that stock for what, three years. Then you can sell it. The training is live training as well. This isn’t like, Oh, we’re going to sit you down on this TV, friendless TV. And you’re going to watch this. And this was recorded 15 years ago. It was by somebody that’s not even in the game anymore. No, this is what’s working. Now. This is what is they’re doing now in their business to sell real estate. Now that’s very helpful because they want to see you succeed because when you succeed and you sell homes, you get excited.

You tell more people about this business. And our stock grows by the more homes we sell, because what, what are we? We’re a real estate company. And that’s what we do first. Right? We sell real estate.

Pro #3 Opportunity to Make Passive Income

You have the opportunity to make passive income from something we call rev share. This is how it works. Just like I was mentioning earlier.  Say, I get excited. I tell you about it. You were like, man, I want to partner with John because he’s a go-getter and he wants me to be successful. He is going to give me his Facebook leads course for free. You’re going to get, Gogo’s social media training for free. You’re going to get NAEA training for free. And you’re going to have access to me all the time. So that means that you want to partner with me, right? So when you go through the process, you name me, John Kinnunen, as your sponsor. And then when you sell a home instead of that $16,000 or whatever your cap is, I just helped an agent where his cap was $50,000. Crazy. I know, but that money, that usually goes up to the top to the broker. That money gets divided up to the seven levels above you.

Same thing happens for you. If you tell someone about the company and they join and name you as their sponsor when they close a transaction 3.5% of the 20% that is going to the company will go to you. I will get 3.8% of what that 20% that person you brought in to the company.

This doesn’t come out of your pocket it comes out of the companies pocket. It’s not costing you any money. It comes out of the money that would normally go to the guy at the top. Now, just like I was saying, I would get 3.8% of that $16,000 that goes, that would usually go to your broker. So it’s in my best interest, we have what’s called cascading revenue share and it goes seven layers down just like seven layers above me gets part of the $16,000 that I pay to the company. This might sound confusing but if you need clarification reach out to me.

Con #2 Some Agents Give eXp a Bad Name

There are agents out there that give us a bad name that go out there. And they’re like, “Hey, come join. Exp, come join be on my team. We don’t have to sell houses anymore. We’re going to make this massive downline. And everybody else sells houses. And we do nothing.” How many people have been approached by an eXp agent like that? It’s horrible right? They give us a bad name. They call us a recruiting company or a pyramid scheme. Have you ever been approached by an exp agent? And you’re like, “Here comes another recruiter from another recruiting company.” eXp Realty is not a pyramid scheme. Pyramid schemes are illegal and we wouldn’t still be in business. Glen Sanford the founder of eXp thought what would be the best way to compensate real estate agents and he looked at every model. This is what he came up with.

 

People put a bad stigma with the word recruiter when really it doesn’t matter where you work. You could work for Disney world. You could work for, McDonald’s, Walmart.  If you enjoy your job and a friend of yours approaches you, or you see somebody in the same industry and they’re like, man, this sucks, blah, blah, blah. I’m not making any money. You’re like, “come work here.” This is what my company does for me here. That’s all that’s happening here is we’re excited because we’re able to make money multiple different ways creating multiple streams of income vs the one you make at a traditional real estate brokerage.  That excites real estate agents. For once real estate agents can possibly retire someday. I’ve always been a business owner I used to own, or I still do own a pizza place on top of me being a real estate agent full-time. And before that, I was a general contractor where I worked for an architectural firm, but I also taught, taught architecture as well,  at two major universities. So I’ve always been a go-getter, an entrepreneur. When I saw this business model, it was a no brainer for me.

Pro #4 Earn Stock in The Company

Let’s talk about this. Let’s talk about the stocks. I’ve mentioned it a little bit, but this is definitely a pro. When you close your first real estate transaction here at exp realty you will earn stock in the company and because you named me as your sponsor I will get stock in the company for FREE. When you camp you get more stock in the company. Every year when you close your first transaction with the company you get stock in the company.  This is another way that eXp realty is saying thanking for joining eXp realty we really appreciate you.

Con #3 Waiting Time Period

Now, how long do you have to wait to sell the stock they give you? Very good. Three years. They did just give it to you for free so I guess its only fitting you have to wait to sell it.

Pro #5 More Stock

You’ve been paying attention. I like that. Now there’s another way to get stock in the company the icon agent program. I explained that a little bit ago, but I’ll go over it again just in case you didn’t get a chance to write it down. Here you go. So when you cap, they give you be that stock in the company, but now you do another 20 transactions after you cap, because we’re going to help you grow here at exp, and we’re going to help you reach another level, they’re going to pat you on the back say, “congratulations. I really do appreciate you.” Here’s your $16,000 back in company stock. Now there are a couple of stipulations to that.

You have to go to  two exp events that year as well. Make sure you do that. Especially if you plan on being an icon agent, because you want to get that, that $16,000 back.

 Some real estate companies like to say, Oh, what if it’s not worth anything? Ooh, well, what if it’s a penny stock? Well, you know what? It’s worth a penny more than what I would have gotten if I would have stuck with the traditional brokerage, right? I got a kind of a hunch. Again, I’m not a financial advisor, but I think that stock is going to be worth a lot more than a penny.

 

Now there’s another way for you to get stock in the company. This, you have to opt into, not everybody does, but we don’t have franchise fees here, right?

Because well there are no franchises. So we don’t have franchise fees. Now where I was from, we had a 7% franchise fee, even after I capped. So here, instead of the 7% franchise fee, you can take 5% of your commission. Now, again, you don’t have to do this. You can take 5% of your commission check and get it back in company stock at a 10% discount. Now, the reason why I brought up franchise fees is that you’re probably not missing the 6%, 7%, 8% franchise fee that you’re being charged at your current brokerage, correct? You’re still able to live? You never see that money ever again right now? This is the opportunity to invest in yourself, invest in your future, invest in your retirement. You take that 5% of your commission check, get that in company stock at a 10% discount. And then in what, how long do you have to wait to sell stock that you just got at a 10% discount? Only 6 months. Not 3 years like the stock that is given to you.

When I got with the company, it was $8 a share. How much is it today? It’s over $50 a share today. Very nice. Now that growth may continue. May not continue you look up expi, Google it, you’ll see how much the stock has grown in the last five years. That’s pretty cool. Right? Could you imagine joining exp realty back when the stock was worth .05 cents and Keller Williams agents used to make fun of eXp agents because we were a penny stock?

Pro #6 Still Can Join eXp Realty

It’s not to late to join exp realty you can still join. I believe everything happens for a reason and maybe this is your time to join. If you are already talking to an eXp agent go back to them and join and name them as your sponsor, but if you aren’t seriously talking to an eXp agent and would like to join and name me as your sponsor you can. Go to www.johnkinnunen.com/join-exp and start the process. As soon as you are on boarded you will have access to my training, Gogo bethke’s training and NAEA, and the coaching calls once a week.

Pro #7 Work Place & Workplace Chat

This goes a little bit with the collaboration When you join exp, you are going to get access to workplace, which is powered by Facebook. It is Facebook for exp agents, and you’re going to get workplace chat where anybody in the company, and this is not a joke. Anybody that works for exp is on workplace chat. You just message them. “I have a question about how to sell more real estate? How do you do this?

How do you do for sale by owners?” And they’re going to respond, because why? Because we’re all in this together, because why? Go ahead and answer this because when I do good, you do good because when you do good, I do good because when you sell more real estate, our stock goes upright? And that is good for everybody in the company. So that is why our company is built the way it is.

That’s why the collaboration here is absolutely amazing top-notch.

Con #4 I Didn't Join eXp Realty Sooner

This is the number one thing that bothers me the most about eXp Realty. That I didn’t get into real estate sooner. If I would have gotten into real estate sooner, and I would’ve seen this business model, I can guarantee you without a doubt, I would have jumped right in! You might ask yourself, why?

Because I’m the kind of person that’s like, well, what do I have to lose? I can either stay at this brokerage or I can join the eXp realty. At eXp realty I have the opportunity to have multiple streams of income, and I have the opportunity to sell more real estate because I have the top producers teaching me. Where do you think I would have gone? It would have been in my best interest to go to join exp realty and I can guarantee you, I would have. So that really bugs me. That’s my biggest regret is not joining exp Realty sooner.

Pro #8 kvCORE

Do you know what kvCORE is? It’s a IDX website on the front end and a CRM for real estate agents on the back end. It’s between 450 and $700 if you were to go out and buy it by yourself.

When you come to exp you pay $85 a month, that’s what your fee is. That includes your tech, and helps pay for eXp world and all the training we receive. On the front end, when somebody comes to your website for whatever reason, and I’ll talk about how you can get traffic. The website makes them register, and then it takes their information and puts it into your CRM. Then it automatically puts them into a drip campaign because kvCORE is smart. It knows if it’s a buyer or a seller, you set up the campaigns or you can, just use the ones that are already created for you. You can also send out mass text messages, or you can send out mass emails, video emails, because we partnered with BombBomb, which is pretty flipping cool. Right? Everybody’s doing texting, and video nowadays. If you’re not doing video with your emails and text, you’re behind the times,

You can drive traffic to your site with either Facebook posts, Facebook ads as I teach you in my course, and Instagram posts just to name a few. You can also do google ads. If you don’t know how to work, Google ads, we have a company called making it rain that eXp Realty has partnered with to run your google ads for you. You pay a monthly fee if that is what you want to do. It all depends how many leads per month your want but $250 a month and they run your Google ads for you. And you’ll get quite a few leads at least I do from my google ads. Again if you partner with me at eXp realty I will set up your Google ads for you if you would like.

Pro #9 Healthcare

 When you join eXp Realty you can get health insurance through clearwater for a discounted rate. Yes. This is unheard of when it comes to real estate companies and being an entrepreneur like I’ve been for so many years, insurance has always been an issue. It’s not that big of an issue anymore when you’re with exp, it’s actually pretty cool.

Pro #10 Low Fees

The fees at eXp reality aren’t the lowest but there not the highest either. One thing they are is level across the board. There are no secrete deals. Everyone has a $16000 cap and is on an 80/20 split. The only way your cap is different is if you are on a team. $85 dollar per month fee, $25 broker review fee per transaction and a $45 E/O fee per transaction up to $500, and a $149 startup fee. That’s it.

 

So if any of this has interested you in, like I said, if you’re already talking to an eXp real estate agent, and you’ve had a serious conversation with them and you’re just doing a little extra research to see if what they’re saying is true or not go back to them, make sure you sign up with them, name them as your sponsor. If you haven’t sat down with an eXp Realty agent and had a serious conversation, and you’d like to have a serious conversation with me, go ahead and call me. Here’s my phone number, 734.972.7388 text me, or call me whatever works for you. If you like everything you have read you can go to www.Johnkinnunen.com/join-exp and you can get the ball rolling.

 

If you wanted to learn more about the team structure, put “team” in the comments below or text me. If you want to learn more about husband and wife teams, put that in the comments below and I’ll know exactly what you’re talking about.

 

And as always have an awesome day until next time, enjoy life!

eXp Realty

Questions About Joining eXp Realty

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FAQ Joining exp Realty

Frequently Asked Questions

What is eXp Realty? If you join eXp Realty you will be apart of the nation’s first “Agent-Owned Cloud Brokerage”. Fastest growing brokerage in the United States history.

Do I have to name a sponsor? Yes everyone that joins eXp realty names a sponsor the person that was responsible for getting them to join.

Does it matter who I name as my sponsor? Yes, it does. Not every sponsor is created equally. I have agents reach out to me all the time asking to be apart of my group, and they can’t because there are certain perks for naming me as your sponsor when you join eXp Realty. For more on what you get when you name me as your sponsor click here.

Who started eXp? eXp Realty was founded by Glenn Sanford, a former top Keller Williams agent who realized that a cloud-based brokerage that offered revenue share was the future of real estate. 

When was it started? eXp Realty was incorporated in 2009. 

What does “Agent-Owned” mean? eXp Realty is agent-owned meaning that agents acquire stock in the company and have a vested ownership in the brokerage. There are 6 ways that agents can acquire stock, from simply purchasing it to achieving certain performance benchmarks. 

What is a cloud brokerage? A cloud brokerage is a brokerage that does not have physical offices and conducts business entirely on the Internet. Think of Amazon. They are a cloud company. They have minimal physical stores (Whole Foods, which they recently acquired), yet they’ve disrupted the entire brick and mortar retail industry! 

Are there really no brick and mortar offices? There are some associate brokers that decide to open up brick and mortar offices. That is the corporate headquarters in Bellingham Washington. Other than that, every agent and broker works from home or a remote office space. The company realizes a tremendous savings and is able to pass on the savings to agents in lowered costs. 

What if I need to occasionally need a physical office? We have that covered. eXp Realty has an agreement with Regus Business Lounges Worldwide to provide free access to their facilities. 

What if you want to join under me and still work at a physical office with other agents? You can name me as your sponsor no matter where you are and still work out of someone else’s office.

Where does eXp Realty operate? We are currently operating in 50 states and several provinces in Canada, Australia, Mexico, Europe, and a few other countries. Future expansion plans include all 50 states and international growth. 

Are there different divisions at eXp Realty? Yes, we currently have residential, commercial, REO, and a luxury division. 

Who is the broker for eXp Realty? Each state has at least one state broker. Some larger states also have several compliance brokers to help with reviewing files. 

How many agents does eXp Realty have? We are constantly growing but as of October 2020 we have over 37,000 agents. 

What is revenue share? For every agent that you introduce to and joins eXp Realty, you will receive a portion of their annual commissions, paid from eXp’s split. You will also receive revenue from agents they attract up to 7 levels deep. The revenue share component of eXp Realty is the way you can create residual income streams even after you stop selling real estate. Rev share is one of the most compelling reasons agents join eXp Realty. 

How does an agent build rev share? Simple. Introduce eXp Realty to other agents that you know. If they join, you become their sponsor and you will receive up to $2800 annually from each of them (3.5% of GCI until they cap). You will also get rev share from whoever they recruit, all the way down to 7 levels. 

How much rev share can we earn? For every agent, you personally recruit (your first line) you can earn up to $2800 annually if they cap.  You only get paid until they cap. You get paid on 7 generations. There’s no limit to the amount of rev share you can earn! 

Do I have to recruit agents? No. It’s up to you. However, there is a great opportunity to build a passive income stream if you do attract agents to eXp Realty. Ask your sponsor for help. 

What is the split? Everyone at eXp Realty has the same split no secrete deals 80/20 until the $16,000 cap is achieved, at which time you go to 100% split for the remainder of your anniversary year. 

What is the cap? eXp agents cap when they pay $16k to the company. That equates to generating $80K in gross commission. 

Where is eXp stock traded? eXp stock is traded on the NASDAQ stock market exchange. 

What is the ticker symbol? The ticker symbol is EXPI. 

How Much Does it Cost to Join eXp? When you join eXp Realty you pay a $149 fee. If you are joining as a husband and wife team you will both pay the $149 but once you are active you will get one of the fees back. Also if you are joining as a husband and wife team you will only have one set of fees and one low $16,000 cap. 

What are the monthly costs? Once you are an agent affiliated with eXp Realty you only pay $85 per month that goes for your website and the 80+ hours of live training per week. That’s it for monthly fees.

Does eXp Realty charge an annual “Royalty Fee” like some companies? No, we don’t, and there are no desk fees either. 

What is the eXp cloud campus? The cloud campus, also known as “eXp World” is our virtual world where agents and staff meet on the web for training, collaboration, meetings, and support. You can join and tour our campus for free. Call or text me @ 734.972.7388 to get an invite to eXp World. 

Does eXp Realty offer training? eXp Realty offers approximately 80+ hours of live training every week, plus a full library of on-demand training through our Career Expressway. Plus if you name me as your sponsor you will receive weekly coaching meetings from me and my sponsors.

Where are the classes and meetings held? All of our classes and meetings are held in the eXp World. We have everything from a large auditorium to small intimate spaces to meet clients. You can even meet with the accounting department, tech support, and your broker.

Does eXp Realty have conferences? Yes, eXpCon is our annual conference held in different cities. Past conferences were held in Las Vegas, Chicago, and San Antonio. We are excited to announce eXp Con is going to be Virtual this year because of Covid. We also have annual ownership meetings for stockholders. If you name me as your sponsor we have a few additional masterminds a year for our group. The next one is going to be in St. Lucia

What tools are available to agents? eXp Realty offers a wide array of tools for agents including A free kvCore IDX Website (worth $400 per month) eXp World cloud campus Regus Worldwide Membership, Skyslope Transaction Management Platform 

What kind of agent support do you offer? eXp Realty offers superior agent support. Each state or region has an “agent services” person and a transaction coordinator. You simply log in to eXp World and go to the department you are looking for and ask for help. 

What kind of tech support do you offer? eXp Realty has a whole division that offers tech support. Need help with eXp email? Wondering how to use Google apps? We got you covered. Live tech support is located in the eXp Cloud Campus. You can email them or set up a phone call as well.

What is the process of joining eXp Realty? Easy, just go to www.johnkinnunen.exprealty.careers and fill out the simple application. Name me as your sponsor and make sure you see a confirmation that your application was successfully submitted. The application will be forwarded to the state broker for approval, after which the agent services department will start the onboarding process.  Once you are active you will receive my Facebook leads class for real estate agents and Gogos Social media boot camp for free as well, among all the other perks on this page here.

What if I have additional questions? Call me (John Kinnunen) @ 734.972.7388, and I’ll be happy to assist you in gathering all the information you need to perform due diligence as to whether eXp is the right brokerage for you.  

See what it would be like if you partnered with me, John Kinnunen, at eXp Realty by clicking the link below

Partner with Me!
eXp Realty

Florida Real Estate License Requirements – 10 Qualifications

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Florida Real Estate License

How To Get Your Florida Real Estate License


A lot of people are asking me, what are the Florida real estate license requirements? Not just friends and family but sometimes even clients want to know what the qualifications are. I made a video about the 10 requirements to get your Florida real estate license which you can watch below if you'd like as well. If this is your first time to this website subscribe to this site so your always notified whenever I release a new article. I am always releasing new articles about becoming a better real estate agent.

I'm always helping people and I love to help people. So if, if you have a question about becoming a real estate agent, feel free to reach out to me whenever you want. At the end I am going to give you a couple extra tips that my first real estate instructor gave me. So you are going to want to read this all the way to the end. There are 10 requirements to get your Florida real estate license you need to fulfill to get your real estate license in Florida and I am going to cover those right now.

Requirements 1 - 3 How To Get Your Florida Real Estate License

First I’m going to cover some of the basics on what you need to be eligible to take the Florida real estate licensing test. 

Requirement 1. You need to be 18 years of age.

Requirement 2. Need your high school diploma or your GED.

Requirement 3. Need a Social Security Number.

Once you become licensed some brokerages require you to have a driver’s license but that is not a state requirement.

4. How to Get Your Florida Real Estate License Requirement 4

You are going to have to take a 63-hour class either online or in person. The real estate class is going to have to be an approved real estate school by the state of Florida. Here is a link to some approved Florida Real Estate Schools. Here is a link to Real Estate Express one of the schools I recommend. Different states are going to have different requirements. In Michigan where I first got my real estate license I only had to take a 40-hour course.

Choosing to do it online or in person is going to be up to you and how you learn. I have done it both ways and I prefer in person. Online you have more flexibility but if your someone that gets distracted easily and isn’t disciplined you may want to go in person.

5. How to Get Your Florida Real Estate License Requirement 5

At the end of the class, you’re going to have to take a class test. You have to pass that test with a 70 or better to qualify to take the actual test. If you fail the class test you have to wait 30 days to try again. If you fail the test twice you will have to repeat the class before you can take the test again. Once you complete the class and pass the test they will give you a certificate with a little number on it that you will have to take with you to take your actual Florida real estate test.

 

Every school I have been to they try to sell you on a study guide at the end of the class. The things I found helpful were the flashcards and that is it. The best piece of advice I can give you for passing the test is to take the test at the end of the book and keep retaking it until you can score a 90% or better on it without guessing or looking up any answers. I have found that test at the end of the book is a good indicator if you are going to pass the test or not.

6. How to Get Your Florida Real Estate License Requirement 6

You’re going to have to go to www.MyFloridaLicense.com. And you’re going to have to fill out an application. The application will cost you right around $105. I suggest doing this once you register for your Florida Real Estate Agent class because it could take up to 30 days for them to complete your background check.

7. How to Get Your Florida Real Estate License Requirement 7 ​​

You are going to have to get your fingerprints taken. You don’t have to be in Florida to do this. When I got my Florida Real Estate License I was still living in Michigan. I went to my local Sheriff’s office and got them done. I did it the old fashion way. I got mine done on a card and then I sent them to Florida. You can do it electronically and there is a list of places that do this on the Florida website. This step is going to cost you between $50 – $80 depending on where you go.

8. How to Get Your Florida Real Estate License Requirement 8

Step 8 is taking the real estate test. Florida is going to give you the clear to take the test once your background check is complete. You go to pearsonvue.com setup an account and find a testing center near you. You don’t have to be in Florida to do this either. Just find a testing center near you. 

 

When you go to take the test remember to take that certificate from class. You will need that and an approved calculator for the math. The test is going to cost $35 to take. The good news is you can take it as many times as you need to. If you fail it you just have to wait 24 hours to take it again. I passed it on my first try.

9. How to Get Your Florida Real Estate License Requirement 9

Find a broker. Once you have your license you have to have a broker. Start interviewing brokers early. Yes, you are interviewing them. Don’t be like me when I got my license and just go with whatever broker your friend tells you to go with. I started with Berkshire Hathaway and switch to eXp Realty within 6 months. Once I saw the eXp business model I couldn’t stop thinking about it. I knew that was where I was meant to be. Some brokers have higher fees, higher caps, lower caps, better training, not all brokerages are created equally. 

 

I suggest going with a broker that has like maybe an 80/20 split or a 90/10 split, because that way it’s more money in your pocket per transaction. This is important especially for newer agents. You want to put as much money in your pocket per transaction especially that first year because you may not get very many of them. 

 

My first broker was a 60/40 split in and our cap was $21,000. Now I am at a brokerage where the spilt is 80/20 and the cap is $16k. There is no secrete deals at this brokerage either like at other brokerages.

10. How to Get Your Florida Real Estate License Requirement 10

You are going to need to join your local real estate board and join a MLS. Every county has a board usually and a local MLS. Some real estate agents are a member of multiple different boards and MLS’s. There will be fees for this anywhere between $300 to $900 just depends.

Extras

The instructor of my very first real estate class told me these. Now that you’re a real estate agent he said go out and buy the nicest car you can afford. Don’t go in debt over it but your not going to want to pull up to a listing appointment in a rusted-out car. You will want something a little nicer. This will help you win listings. Next, you’re going to want to go out and buy professional clothes. 


 Now, these things I’m about to name are extras that the instructor of my class gave, gave us as a little bonus. Now you’re going to want to go out and buy some nicer clothes. If you don’t already have them. The next thing he said to do is you’re going to want to buy the nicest car that you can, you can afford. You are going to want to look professional. He said to do these two things and you will win more listings than you lose. 


Now, if you have any questions, feel free to reach out at any time. I love helping people.