eXp Realty Explained (2023) - 7 Things You Need To Know Before Joining
ฝัง
- เผยแพร่เมื่อ 4 มิ.ย. 2020
- Partner with me at eXp Realty and get free coaching and training: www.kylehandy.com/partner/
eXp Realty is one of the fastest-growing real estate brokerages ever. Whether or not this cloud-based real estate brokerage is for you can only be decided upon your individual circumstances and situation. In this eXp explained video, I share the seven things to know when considering eXp Realty as your next real estate brokerage.
In the video, I cover eXp Realty training, lead generation, fees, compensation, revenue sharing, and everything you need to know. If you are wondering if you should join eXp Realty, this video will answer many of your questions.
//WATCH NEXT:
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◦ 7 Reasons Why Agents Are Leaving eXp Realty In 2023 - • 7 Reasons Why Agents A...
◦ The eXp Realty Commission Split And Fees In 2023 - • The eXp Realty Commiss...
//COME SAY HI!
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Partner with me at eXp Realty: www.kylehandy.com/partner/
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◦ Real Estate Express - Online Real Estate School - kyleh.link/realestateexpress (kyle40 for 40% off)
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#kylehandy #realestatetraining #exprealtyexplained
Learn more about partnering with me at eXp Realty: www.kylehandy.com/partner/
Bring me over. I am a new agent in the LA (West Side area with Coldwell)
Setup a time to meet with me on zoom: calendly.com/kylehandy/zoomcall
can you please touch base with me? I would like to discuss moving to EXP with my wife who is also newly licensed.
Sure thing! Setup a time here. calendly.com/kylehandy/zoomcall
One again, you've delivered a STRAIGHTFORWARD, INFORMATION PACKED video full of VALUE! Thanks again Kyle!
Thanks Randall!!
Good information and love that it’s straight to the point!
Thanks Melissa!!
I personally loved it all. The training, the website, the fees, the shares. I loved everything you talked about and will definitely be watching this video again and others you have posted...
Glad you found it helpful!
I'm really enjoying your videos- they're informative & easy to understand. I thought that EXP was just about recruiting more agents but have come to understand it's a lot more. I'm an individual agent and feel like a lot of the other EXP videos focus more on the teams. I am seriously thinking of switching from KW to here. I know a lot of agents from my company have already done so, including some of the founders.
Hey Amy! Thank you so much for you’re comment. You wouldn’t be the only one to think that. There are so many misconceptions about exp out there. Mostly because other brokerages are loosing agents to exp and don’t know what else to say. If you’re not already speaking with another agent at eXp about joining and would like to have a chat with me about partnering here, you can setup a time on my zoom calendar here: calendly.com/kylehandy/zoomcall
Yes his videos are excellent!
Wow you sound like me lol. Several agents have switched to Exp from KW, even our broker 😅
Thanks Kyle for you very informative video! I am currently enrolled in my 120 hour class. Today has been so exciting and the future is looking very bright. My most favorite part of EXP is the revenue sharing feature! I am all about long term growth potential. Looking forward to start the training and mentorship here in Northeast Ohio.
Awesome Robert! Good luck with your classes. If you need a sponsor at eXp and would like to work with me and my team, let me know when you get closer to passing your exam.
So glad we connected a couple of months back. This video answered some lingering questions I had about EXP
Me too!! Glad it did. Look forward to connecting again soon.
Great presentation! Thanks it really helped my new agent understand and realize KW was not the way to go.
Awesome!!! Glad to hear it.
Great Video - This is my new GO TO Video to show the value of EXP to others. Thank You, Kyle!
Awesome! Thank you!
Awesome training and thank you!
You're so welcome!
Kyle Im an independent Real estate broker in NJ and NY. You helped me decide to come to EXP REALTY. I will have you as my sponsor. Thank you for helping me make this decision.
Wonderful! What's your name? Trying to put a real name to a TH-cam name. :) Excited to grow with you!
Just feels good to be on the ground floor for a change. Usually getting there after the party is over. Thanks again.
I know the feeling!
hahah yes! Happened to me in the Cellphone industry, 100% saturation.
Fantastic overview of EXP Realty. Getting goosebumps all over again like the first time when I decided to join EXP. So many awesome benefits! Rev Share is my fave.
Thanks David! That’s awesome. It’s HUGE! Keep up the work and staying plugged in and you’ll continue growing!
It's funny, I'm not in real estate but even I was excited about the EXP program as he explained it! :D
Great info! Thank you!
You’re welcome Lisa! Thanks for tuning in.
Kyle! Just making sure, you can receive stock on working with a buyer for first transaction or does it have to be a listing? Also for the 16k cap that can be for any transaction or only for listings? Lastly if I sponsor an agent and that sponsor sponsors another agent what does the rev share $ look like in that situation on an example of a $ 10,000 commission
Buyer or Seller doesn't matter. Gross commission income just needs to be over $5,000 to earn the stock award. $16k cap includes buyers and listings. 4% on your second level (as long as you've "unlocked" the level by sponsoring 5 qualified agents) so on $10,000 you get up to $400. If you don't have 5 qualified sponsored agents on your first level, you get a smaller percentage, .2%. So you'd receive $20 on $10,000 commission.
excellent video on the benefits of eXp! Well done! Short and to the point..
Thanks AJ! You’re a huge inspiration! Keep doing what you’re doing. Changing lives my friend!
Very helpful Kyle. Thanks for sharing this content.
You’re welcome Evelyne! Thanks for the comment.
Very informative video! Thank you. I too am an on-site agent here in NC and seriously considering EXP.
Hey there Matt! Let’s jump on a zoom call. Would love to learn more about you and your business. calendly.com/kylehandy/zoomcall
Thank you for this! Does KV Core let you download your leads?
Yes. Full export capability!
thank you for this video!
Sure thing Kaila! Glad it could help.
Thank you, Kyle!
You’re welcome Hosey!
Really well done Kyle!
Thanks Trevor!
Excellent breakdown and information on exp
Appreciate that William. Thanks for the feedback.
Love your videos Kyle. I have been using them for agent attraction and training here in Hawaii. Great stuff.
Awesome! How's the market in Hawaii, Tony? How's your business growing?
@@KyleHandy hawaii market is crazy like so many others. We have added 47 to our rev share group in a year. Hoping to hit 500 in 2 years
great work on tags, yo ranking for everything
Thanks!
@@KyleHandy yeah great man...I run the Republic of creators meetup group. It may be helpful if you wish to leverage TH-cam seriously .
@@KyleHandy but great work though.
Great video, very informative thank you! 👍🔥
Absolutely!
Hi Kyle
Excellent information, I have been watching numerous video's on exp for past two months and yours is well put together explaining needed information. I'm a part time agent from Philadelphia area and have not completed three deals within 12 months, so I would coming in under the mentor program. I don't have a sponsor and would like to speak to you. One question, how can I find out the broker for my area.
Hey Denise! I’d love to chat. Here’s my calendar link to setup a time. calendly.com/kylehandy/zoomcall
Great information!!!
Thanks 🙏
Great job and excellent video. Can you please answer a question for me. I just got my Real Estate Agent license in Virginia. What should I do next.. I mean like who should I work for to learn the basics. I really appreciate your help kind sir!
I might be a bit biased but I believe you’d want to check out eXp Realty. I love it here and they have all sorts of training and collaboration groups to learn things from. If you’d like to setup a time to get more info, fill out my form here: www.kylehandy.com/exp-partner-application/
Hey Kyle, what happen to your Property Management business when you joined the EXP Realty? Do they allow their Agents or Broker to do PM? Or do you have to sell it to move into eXp?
You can keep it outside of eXp. eXp doesn't allow PM within the company, but you can keep the PM company so long as you don't run any buy/sell transactions within it.
You’re the man Kyle!
Thanks Chris! Miss you brother and our chats. Hope you’re doing well. We should catch up soon.
Do exp brokers allow operation of non sales activities like property management? Etc…
Hi, how do you do when you have to make an appointment with a client. Not customer is used to this virtual office thing. I know you can use Regus virtual offices, but how do you do with after hours appointments?
Hey Carmen, great question. I typically meet all of my clients via Zoom first. This includes buyers and sellers. This allows me to share screen and go over my process and dive into the MLS with the client on the call. Once that's completed, I either meet with a buyer at a property or a seller at their home for the next step in the process. I've had physical offices and rarely met clients at it, even when I did.
Thank you for the video Kyle Handy! Does eXp allow their agents to incorporate or create an LLC?
Yes. However, most states require a brokers (not salespersons) license to be paid into an LLC which eXp has to adhere to.
@@KyleHandy Thanks for that Kyle! After two years as salesperson with them, will eXp vouch for their salespersons to get their broker's license (per CA code)? If so, that sounds like a great long term path
Great video!
Appreciate that Ericka! Thanks for the comment!
Great video in explaining Exp Realty. I recently got my license and joined Exp through my Broker friend. I've researched many Brokerage firms and had interviews before deciding. Exp stood out the most. I love everything about it.
Thank you for sharing your positive experience with Exp Realty! It's great to hear that you've found a brokerage that aligns with your expectations and career goals. Exp Realty is known for its innovative approach to real estate and its commitment to providing agents with the tools and resources they need to succeed.
As a newly licensed agent, your choice of brokerage can have a significant impact on your career trajectory. Exp Realty's unique model, technology offerings, and supportive community can be valuable assets as you start and grow your real estate business.
If you have any questions or if there's anything specific you'd like to know or discuss about your journey with Exp Realty, feel free to ask. Whether it's about best practices, strategies, or any other aspect of your real estate career, I'm here to help. Best of luck in your real estate endeavors!
Great content!
Thanks Fernando!!
Nice to see success in motion. I'm starting out on my journey.
Good luck!
Great detailed presentation
Thanks NiSai!
what does the "$250 capped transaction fee. Once capped transaction fees total $5,000 then the capped transaction fee is reduced to $75" mean?
Once you cap and go to 100% for the year you’ll pay a $250 capped transaction fee in lieu of the 80/20 split. Pay the $250 twenty times and the $250 is reduced to $75 for the remainder of the year.
your so awesome Kyle!
🙏
Nice! I’m a new agent as well and got to go to an event with Pat Hayes! Where I’m from Exp is not known it’s mostly the brokerages like KW which is where I’m at right now. I’m thinking of switching over to eXp. Great video!
Thank you for watching Abby
Great video!! 👍
Love it
Thank you for watching!
Thank you Michael totten! 👍😀🤝
Really great video ! I’m an aspiring agent and I’ve been searching for the right agency and I think I will be joining Exp :) I hear so many good things and so many agents making the move ! Very reasonable prices are also a big reason for me to make the move and join exp.
Best of luck!
Hi, Thanks for this video, 14:45
is that means the split on the first 3 transection would be 60:40 ??
@Kyle Handy
I’m curious too. That is how I heard it.
Sorry for the delayed response. If you're a brand new agent, not coming in on a team, you'd need to come in on the mentor program. eXp defines brand new by not having completed 3 transactions in the last 12 months. This means your first 3 deals with eXp would be split at 60/40 rather than 80/20. The extra 20% goes to the mentor program which also pays for your personal mentor that helps you through your first few deals. Then you graduate the mentor program and go to 80/20.
Kyle Handy Thanks for explaining!
Kyle - Thinking about joining Exp - Does Exp cover MLS Dues and Realtor Renewals that we are faced with 12/2021?
No. MLS dues and continuing education is up to the agent to maintain and pay.
Hey Kyle. Great vid...very informative. I've just passed my NJ State exam and am interested in what I'm hearing so far about exp. My question is can I join exp straight out of the gate or do I have to sign with another brokerage first in order to activate license then have it transferred over to exp?🤔
Thanks, Daryl! You can definitely join eXp straight away. If you'd like, set up a zoom call with me and I can help get you setup. calendly.com/kylehandy/zoomcall
Awesome. Thanks Kyle!
Daryl Muñiz Great Question !
@@cedezbanks The answer is Yes! I am happy to report that I am now a Realtor at eXp!💪🏽🍾
@@DarylMuniz1 how have you liked it so far?
Thank you Kyle! So, if I do not choose a sponsor, do I still get charged 3.5 percent by the company?
Yes, there is no difference in the commission split wether you name a sponsor or not.
Do you believe this is a good platform, to begin your career? Or is this better for experienced agents?
I don’t think the question is more about seasoned vs newbie but rather self-starter vs needs guidance. If you’re the type to seek answers and try things without being told, exp is amazing and gives you every tool and opportunity.
Hi Kyle,
Thanks for the vlog. I am a newly licensed agent in the Southlake/Grapevine/Colleyville/N. Fort Worth area. Can you point me in the right direction to join ExP in my area?
I saw you setup a call with me! Talk soon.
Thanks Kyle! Great video! I just pass real estate exam, I wonder if I can join! I am at Hot Springs Arkansas. 🙂
You bet you can! You can apply here. joinapp.exprealty.com/link/joiningagentsignup?AffiliateID=kyle.handy%40exprealty.com
Or if you want to chat before signing up setup a zoom call with me here. calendly.com/kylehandy/zoomcall
@@KyleHandy Thank you!!! 🙂
Hello Kyle. I went to your website and it mentions several time that there is a link to schedule a phone conversation. I can't seem to find that link I would really like to talk with someone about EXP and Your Team
I went to the actual eXp realty website to send a request to make contact, let's see how long it takes for someone to contact me. 🤞🏽
Hi Kyle, when an agent joins Exp, how do they get listings (homes) to sell?
This isn’t exclusive to eXp but FSBO/Expired Listings, Sphere of influence, direct mail, open houses, etc... You can create seller landing pages with kvCORE and run paid ads to it.
Justin you would need to prospect
I just finished my course and have to take my license exam. I need a sponsoring broker and have been thinking about exp. But since I am fairley new to real estate I dont want to jump into recruiting but strengthening myself and work on sales. Can I join exp if I do t want to focus my energy on recruiting in the beginning.
Hey Branden! Yes, you can join eXp and focus on sales and production to start off and then build your team as you grow. Hit me up if you're interested in partnering up with me! I would love to have you on my team! kylehandy.com/partner
Do Exp allow integration of their webservices with my own website?
Which webservices are you talking about? kvCORE? If so, then yes. You can integrate kvCORE into your personal website.
How did you get to the boat level in eXp world?!? Lol just kidding, I’m new and thinking about joining exp, just had a week access to check it out, but didn’t go on the boat!
Haha!! Well you missed the best part then! JK! Glad you’re considering eXp! Let me know if I can help. Send me an email if you’d like to work together. Kyle@thehandyteam.com
I’ve been approached by EXP. Curious to know if you joined the agency.
Hey Kyle! I’m interested in the mentor program!
Awesome Ivan! eXp will set you up automatically on the mentor program with a local mentor once you join the company if you have less than 3 deals in the previous 12 months. Do you already have a sponsor picked out?
I can't quite understand cloud brokerage. Do you mean I could be a salesperson with a brokerage anywhere in Texas? I won't have to actually be at an office? My office could be home??
That is correct! And you'll still be able to receive support from Texas brokers, transaction coordinators, etc...
New provisional broker. Still nervous about the lack of one-on-one training in my local market. I live in a bedroom community not far from Greensboro, NC. Interviewing with a couple traditional firms this week.
Congrats! I know why you might think that. I wasn’t sure myself when I first joined. But what I’ve found over the last three years is that I’ve had more support and better training than I ever would have had at a traditional brick and mortar brokerage.
I would like to know more exp, I’m taking real estate program and looking for which company to join as a new agent I’m familiar with network marketing business.
That's a great approach to exploring your options as a new real estate agent. eXp Realty is indeed a unique brokerage known for its innovative approach, including the use of cloud-based technology and a network marketing model.
Ultimately, the decision should be based on your personal goals, preferences, and local market conditions. Taking the real estate program is a good step, and conducting thorough research will help you make an informed choice. Good luck with your journey in real estate!
I love that this is your most popular video
🙏❤️💪
Hey bud, I live here in San Antonio and I'm thinking about attending Champions School. What do you recommend? Im a prior federal law enforcement agent, prior state trooper, married to a surgeon, and know what it takes to succeed. I think Enterepreneurship is my next venture. I live in the stone oak side.
Do it! Champions is a great school and real estate rewards hard work which it seems like you’re not afraid to put in. Once you get close to testing let’s talk and I’ll help get you plugged into the SA RE market.
Kyle, in the revenue share you mention you are able to earn a maximum of $2,800 from each of your down line agents. Is that maximum per month or per year?
Per year.
EXP is nothing but a pyramid scheme.
Interesting! So I’m currently living in Denver but just got my license in California because I am eventually moving back there. Would there be a benefit to me getting my Colorado license in the meantime and selling in both states?
@Eden Wild Yea I was thinking the same thing. That's part of the reason why I am getting my license in Cali because the majority of my network and connections are there.
Eden hit the nail on the head. Success in real estate depends on how much time you can devote to it. If you're planning to move within the next 6 months or so may not be worth kicking things off in Colorado. Instead I'd start setting up systems and processes to generate leads and plan your business out for Cali so you can hit the ground running there.
Hi, I'm anew agent in Pa I don't have a broker yet and really don't know where to start. Can you help me?
If you'd like to chat at eXp being your broker and partnering up with me and my team, head over here: kylehandy.com/join-exp
I’m about to join and super nervous! Hoping this video helps
Hey Nad! I hear ya. Anything worth doing starts out a little scary. Go all in and you won’t regret it!
Great video
Thanks Donald and thank you for your service!
What about training ? Who train you the first few day/ weeks you start ?
If you are new to real estate, you will be paired up with a mentor for your first 3 deals with eXp
Quick question
Do I have to give or make $160000 to exp when I start
$16,000 is the cap. You pay this as you close transactions. eXp takes 20% of your commissions up until you hit that $16,000 cap. $149 is the one-time startup fee.
@@KyleHandy Thank you for explaining this, I was confuse when the agent told me this.
Just got my license and have been approached by someone from EXP. I’m intrigued but I’m still not grasping exactly how folks are selling real estate. I live in a very small town. How does this work? This is a great video but because I’m still stuck in the traditional way of buying/selling real estate I’m still very confused. Am I selling real estate or recruiting agents?
Hey there Bob! eXp Realty is a brokerage first and foremost. So yes, you sell real estate here. The difference is that eXp also allows you to recruit agents if and when you're ready. No requirements there. You never have to recruit and can only sell if you want. Many agents do just that. If you'd like to jump on a call, head over to my partner page at www.kylehandy.com/partner/
This was great Kyle!
Thank you! Glad you found it helpful!
@@KyleHandy my pleasure!
Dude I'm dam near in. Partly based on your presentation here. Not aligning with you for no other reason than a sweet capable girl got me first. I'm going to swipe this presentation because you did such an outstanding job here. To promote me. I could have stolen it but that would be unethical. Not to worry I have friends in S Texas and will make it up to you. Thanks for everything. What a wild ride cannot wait.
Glad to hear the video helped! Feel free to use the video however you see fit! Good luck and welcome!
Thank you
You're welcome Aliya
Hi I just started with exp Realty I am so excited to get started.
Awesome, good luck!
Best video on eXp Really!
Thanks for watching Maria!
I’m thinking of becoming a Loan Broker since it takes less time than an RE Agent. Does eXp have a place for that? Or should I aim to get my real estate license?
You’d need to get your real estate license if you want the opportunity eXp provides. There’s success lending but it’s a completely different opportunity.
Thanks for this video! It’s very helpful. I’m deciding now between EXP and other brokerages. What do you think about EXP for agents that are new to the industry?
Judith - I think it's a great brokerage for new agents that are resourceful and seek information. If that's you, you'll find more than you could anywhere else.
@@KyleHandy Thanks Kyle! I made my decision and decided to go with EXP! Hope to see you around the EXP world!
@@JudithFranklin how do you like it by now? I am still contemplating it!!
Christie, I have a few new to eXp agents on my team I could put you in touch with. Send me an email to kyle@thehandyteam.com if you’d like me to set something up for you.
Can you tell me a bit more about the $40 risk management fee. What’s that about
It’s similar to what many agents pay for e&o insurance. eXp just calls it “risk management”
Gotcha thanks!
The $16,000 cap is that from the agents' commission or is that from the brokers' side?
$16,000 is what the agent pays to the broker out of their commission before capping. So once the agent has earned $80k in commissions, paid 20% to eXp, so $16,000 out of the $80k then they are now capped and go to 100% for the remained of their anniversary year.
Agent commission
Kyle question does eXp offer MLS services ?
Hey Keenan! Yes, they do!
Yo what camera are you using?
Sony A7iii
I think I found my broker! Thanks!👍👍
Boom! Awesome Diego! Welcome.
What about MLS fees? Aren’t they required ?
Yes, they are. And your annual natl. association of realtor dues.
Wow..im very new.. I wanna learn so much about this
You can do it! Subscribe to my channel, I put out 3 new videos every week.
the truth seeker - Appreciate That! 😀🤝🔥
You got this! Continue learned and putting things into practice quickly!
What are "cultural requirements"?
You get $8000 for hitting the milestone, $2000 for attending each of the two eXp corporate events, and $4000 for helping to host a few events within eXp world for training or meetings throughout the year.
I have a question 🙋🏻♂️
This video was educational and explained plainly, appreciate the transparency and your passion!
Considering EXP VS Real, Will appreciate any insight you may have?
I like you can be a real estate agent in 2 places and only pay 85.00
Hi Kyle, as eXp agent. do you get a TC?
eXp has staff that checks over your paperwork for correctness and that it’s complete. But they aren’t a full blown TC. They don’t communicate with your clients and get the paperwork done.
I like the mentor split and shares
Those are definitely great benefits that eXp offers!
I'm a wholesaler and a realtor. Do they allow wholesaling ?
No wholesaling.
@@KyleHandy how would they know though?
What about the Re/Max lawsuit. Saying most of this is categorically false?
The Remax lawsuit was settled and eXp did not have to exchange any money or injunction. This was a situation where someone from Remax moved over to eXp and Remax claims the eXp person(s) responsible for convincing the Remax agent/broker to move over interfered with a franchise agreement.
So uh this is a real estate agents CRM system?
eXp Realty is a real estate brokerage. We offer agents kvCORE as the CRM system.
As a new agent would you still recommend EXP?
Yes! eXp offers great training, resources and a mentorship program. You have to be self-motivated though! Hit me up if you'd be interested in partnering with me and joining my team! kylehandy.com/partner
How is the Clearwater Health Plan working out for you? I talked to a woman in her 50's premium was over $600.00 a month.
Good. Dropped our family of 4’s premium from $1100 to just over $800 with better terms. $600 for one woman seems high but not sure all the details.
Check out expagenthealthcare.com/ for more details.
Yes sir. Well before this I ran my own trucking co for six years, was in trucking for 30 years. Sold insurance (death) for 5 years when a kid (22). The last premium was over 800 just for me, still an independent Contractor such as yourself. So anything would be better. There are a lot of parallels. People don't realize but I was on the phone from 0600 to late in the evening in the trucking. Nothing sucks worse than selling death. That was so bad that I swore off anything similar till this came along. Total deal changer. Now I can't find enough hours in the day to get ready and I am still waiting for the broker to get my license. Thanks again.
Im confused, the most your allowed to make on any deal is 16k? So if you live and sell in a place like San Diego where the average home is selling for around 900k your better off at another broker?
Hey Billy! Thanks for watching! No, it's not a cap on the total commission you are allowed to earn. There is an 80/20 commission split on each deal you close until you reach your $16,000 annual cap. So each deal you close, eXp gets 20% of the commission until you've paid in a total of $16,000. Once you've hit your cap, you keep 100% of your commissions for any deals you close after that for the remainder of your anniversary year. Many agents hit their cap after closing just a handful of deals. Hope that helps to clear any confusion!
@@KyleHandy Oh ok thank you that makes sense, thanks for clearing it up for me.
@@KyleHandy after you pay of your 16k don't matter u still gotta pay franchise after you receive ur 80 % commsion
Do you have to be an agent?
Yes! Must be licensed.
what's $16,000 cap ?
This means you are on an 80/20 split for your first $80,000 in commission income. 80% to you, 20% to eXp Realty. Once you've paid 20% of the $80,000 commission ($16,000) you earn 100% of your commission until your anniversary date with eXp Realty.
Kyle is eXp a NAR broker?
Yes, eXp Realty is a NAR broker
Kyle I am in San Antonio and would like to join on the mentor program.
Awesome Carly! First you need to determine who you’re going to name as sponsor. Send me an email and I’d be happy to help you out. Kyle@thehandyteam.com
Is EXP good for part time agents
eXp can be a great option for part time agents
Why do you have to pay $143 for joining fees?
There are many people that are involved with your onboarding into eXp. People's time = money. Also, you get your first 500 business cards included.