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eXp Commission Splits & Fees
Below is the breakdown of commission splits and fee's through eXp Realty.
eXp Upfront Fee
When you join eXp Realty, there is a $149 Startup Fee that includes your first monthly fee as well as:
1,000 business cards
Setup of your new lead generation website
Contact Management System
Regus Business Center Membership
HelloFax # and Toll-free 800#
Breakthrough Broker Membership
Skyslope Transaction Management System
Access to eXp World, our virtual campus
eXp Realty Commission Splits
There is an 80/20 commission split until you reach your $16,000 annual cap. For those of you that aren’t familiar with a commission cap, that just means that once you’ve paid eXp $16K, you keep 100% of your commissions for the remainder of your anniversary year. Once you’ve reached your cap, there is just a $250 transaction fee for the next 20 transactions and $75 after that.
** Please note that new agents or those who sold fewer than three (3) homes in the past 12 months will be in the eXp Mentor Program. There is an additional 20% split for your first 3 transactions with your local mentor.
Additional Basic Fees
There is a monthly fee of $85 that covers your lead generation tools and the university tuition that includes 60+ hours of live training classes each week, guest speakers, workshops, and mastermind sessions. You’ll also have access to a large library of on-demand training videos that cover everything from generating leads on Facebook to building a team.
Transaction Fees
In order to keep your monthly costs down, eXp elected to charge your E&O (Errors and Omissions) Insurance by transaction. You pay just $40 per sale until you reach the $500 annual cap. There is also a $25 broker review fee to ensure your contracts are rock solid!
Please Note: This is not an official eXp Realty communication and the information is subject to change. Before joining our brokerage, please request a copy of the latest eXp Realty commission splits, fees, offerings, and awards.