REAL vs eXp vs LPT Cost & Fees (In-Depth Comparison )
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- เผยแพร่เมื่อ 17 ต.ค. 2023
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In this video, I break down the true cost of running your real estate business with the three largest cloud brokerages out there, REAL Broker, eXp Realty, and LPT Realty. I break down all the fees associated with each brokerage and show you how much you can expect to spend or earn with each of these virtual brokerages.
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Realty NOT RelAty
thanks, where does it day RelAty?
I think you are pronouncing re-LA-ty instead or re-AL-ty. :) @@next-genagents7731
@@next-genagents7731 its the way you/re pronouncing the word, Realty. Correctly pronounced, you should first say "REAL", then add the "TEE", hence it should sound like, REAL-TEE, instead of Real-La-Tee, the way you say it. We're just trying to help you my dude.
Time to update this info.
Because eXp's fees went up?
Do you have a video that compares Epique Realty to REAL when it comes to fees, splits, and FLQA's rev share? If so, please provide the link.
I do not. Epique is still pretty small and only in a few state so is not even available for the majority of agents out there. If it starts growing and expanding, I may start making content about it down the road.
Great info! I am a capped agent at EXP and the per transaction fee after we cap is $275 in Florida. I am not sure if the price is different in other states since your spreadsheet shows $250, just so you know.
Oh, interesting. I wonder if they changed it. I was going off of this eXp slide from 2022, page 13 show's $250. Thanks for the update join.exprealty.com/wp-content/uploads/2022/06/U.S.-Introduction-to-eXp-Realty-Apr-2022-compressed.pdf
@@next-genagents7731 The fees are as follows for a Capped agent: 100% Capped Transaction Fee: $ 250.00 and a Broker Review Fee: $ 25.00 - Hope this helps!
Hi, I understand there is a separate mentor fee. Is that fee permanent or to few transactions for REAL
At REAL we actually don't have a mentorship program or mentor fee so new agents are not forced to split their first few transactions with their mentor like other brokerages. How open are you to hopping on a video call and we can talk more to see if REAL is a good fit for you or not?
Has the “ELITE” agent stock option amount gone down significantly? I’m seeing $16k on the website now (circa April 2024)
At REAL it is still up to $24k. It's just broken up into 2 awards. The Production Award of $16k and a Cultural Award of $8k. eXp is similar except theirs is broken up into 3 awards, which together add up to $16 total.
35 transactions a year seems pretty low for the top 1% of agents… LPT is a no.
agreed.
Please explain your thoughts further
As a solo agent doing 45 to 65 deal a year. I'm intrigued with lpt I like black and I like black boxes too
Why do you add the cost of stock options back in when you said several times it is given? If its earned, how is it a cost? Just trying to clarify for my understanding and consideration. TiA
I think it's helpful as seeing the stock as "cash equivalent" to really compare numbers. I'm also not deducting it as a cost, I'm actually add it in to the equation to show you what the full cost is per year.
Are you willing to share your spreadsheet with the breakdown?
I'd be happy to hop on a call with you and we can go over the numbers for your business!
One of the best comparison videos on TH-cam - Keep up the good work. By the way, in order for LPT to go public, they will need approximately 100,000 agents with 10% of their agents on the Rev Share model.
I am at Real and would love to use you calculator for attraction. Are you willing to share it? I am in a completely different market than you. Alaska 🙂@@next-genagents7731
This isn't accurate as lpt has a 100 percent commission model, which most agents sign up for, and a 5k cap. If you're going to compare the different brokerage, be accurate doing so
I did fully disclose and explained that at 2:18. The Business Builder model is interesting but not really comparable to REAL and eXp since it does not include the stock and rev share benefits. So this video is only comparing their RevShare Partner model to REAL and eXp Realty as that is the most similar.
In the order of brokerages its in the following Alan …. REAL >> Exp >>>>>> LPT .. period :)
@@doctorrealestate8118 and? Real and exp and basically the same model except real has no stock options as they aren't on the nasdaq. Exp is.
Most agents that look at eXp or REAL are interested in the Rev share and stock model, not a discount broker model.
Not true. Most people heading to lpt are from exp or real. They have two different models to choose from. If they are interested in Rev share there a model for that. If you want to sell and not attract you can keep 100 percent of your commission and pay a small fee per transaction