Maybe he’s at exp because he thinks it’s the best rather than the other way around. Besides that, your recruits need to sell in order for you to make money off of them, so you’re really incentivized to recruit solid performers, not just warm bodies!
@@porscheman998 Most of the eXp agents I know, ESPECIALLY the new agents, just try to focus on recruiting everyone, everywhere, all the time, and don't realize that the speed of that potential income does not align with their current need for income... it's longer term money, and none of it is guaranteed. While eXp does an excellent job of getting people excited about recruiting, normal attrition in the industry is that 80% of agents don't make it out of their first 2 years, while solely focusing on a sales career. I would be interested to see what that number looks like from models like eXp, KW, and REAL, for new agent attrition within their first 24 months. Willing to bet that it's marginally higher. Another issue with revenue sharing based on recruitment is that, as agents in the downline leave, the agents below them move up a layer, effectively making a revenue sharing raise for the agents and owners above them, all the while collecting the monthly fees (in the case of KW, office fees and royalty fees as well), so, whether the agents below them sell or not, they have the Realtors who should be selling focusing on growing the company (leadership leg work), to their benefit, while collecting both splits and fees, in addition to revenue sharing. Brilliant model for owners, to the detriment of Realtors who don't understand it.
eXp Realty is for Top Producing Agents looking to recruit into their pipeline. I'm at a 100% Brokerage and make well into the 150k on Sales alone. This doesn't include Rentals, Property Management and Referrals.
Big surprise . . . the guy trying to build an EXP pyramid rates EXP at the top. Definitely would not call it unbiased. The video was well produced, unfortunately the information cannot be trusted. :(
You are wrong on a few points with my company 70/30 split 12000 Cap No desk fees No e/o fees no monthly fees RE/MAX University Momentum training for agents Profit sharing. Agents get 1% of commission on ever check (that day) on agents they bring in. (Example $4000 GCI gets recruiting agent $40 they day of closing.) John Vesco Broker/Owner RE/MAX Homestead North Carolina
I just got my license and recently received an invitation from Century21. As a someone who is brand new to the market and a college student, do you believe C21 is the best fit for me?
After you cap (make the company a certain amount of money for the year from commission splits) you get to keep 100% of your commission for the rest of your sales for that year.
I am currently with Keller Williams. Where I am they get 36% until you hit 27k cap and $3k royalties. If you have a team you have additional fees , but cap lowers to $6k.
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Shocker... eXp agent ranks eXp as the top brokerage model. When you are incentivized to recruit rather than sell... I suppose that shakes out.
Maybe he’s at exp because he thinks it’s the best rather than the other way around.
Besides that, your recruits need to sell in order for you to make money off of them, so you’re really incentivized to recruit solid performers, not just warm bodies!
@@porscheman998 Most of the eXp agents I know, ESPECIALLY the new agents, just try to focus on recruiting everyone, everywhere, all the time, and don't realize that the speed of that potential income does not align with their current need for income... it's longer term money, and none of it is guaranteed. While eXp does an excellent job of getting people excited about recruiting, normal attrition in the industry is that 80% of agents don't make it out of their first 2 years, while solely focusing on a sales career. I would be interested to see what that number looks like from models like eXp, KW, and REAL, for new agent attrition within their first 24 months. Willing to bet that it's marginally higher.
Another issue with revenue sharing based on recruitment is that, as agents in the downline leave, the agents below them move up a layer, effectively making a revenue sharing raise for the agents and owners above them, all the while collecting the monthly fees (in the case of KW, office fees and royalty fees as well), so, whether the agents below them sell or not, they have the Realtors who should be selling focusing on growing the company (leadership leg work), to their benefit, while collecting both splits and fees, in addition to revenue sharing. Brilliant model for owners, to the detriment of Realtors who don't understand it.
eXp Realty is for Top Producing Agents looking to recruit into their pipeline. I'm at a 100% Brokerage and make well into the 150k on Sales alone. This doesn't include Rentals, Property Management and Referrals.
Big surprise . . . the guy trying to build an EXP pyramid rates EXP at the top. Definitely would not call it unbiased. The video was well produced, unfortunately the information cannot be trusted. :(
Truths are like this, cannot be acceptable easily 😊
I have same feeling with my experience with Remax and Century21 in my region. Information in this video cannot be trusted.
This is really professionally made. Deserves more views for sure.
thanks
What is your advice for someone who only wants to do this part time? Maybe like 3 sales or less a year?
You would first want to evaluate why part time? What’s important to you about 3 transactions?
@@devlogsoflifeI like Homesmart
of course the EXP guy thinks EXP is S tier lol
You are wrong on a few points with my company
70/30 split
12000 Cap
No desk fees
No e/o fees
no monthly fees
RE/MAX University
Momentum training for agents
Profit sharing. Agents get 1% of commission on ever check (that day) on agents they bring in.
(Example $4000 GCI gets recruiting agent $40 they day of closing.)
John Vesco
Broker/Owner RE/MAX Homestead North Carolina
I think it varies depending on location for sure. C21 where I am $0 desk fee $20k cap 70/30. I'm a new agent 1 yr in.
Hi what city or franchise is it located I just joined c21 in Los Angeles
You don't really explain why fivern realty or Coldwell arent better
I dont understand the difference between the tiers. What is the difference between A and S?
This is gamer speak. S tier is like "super" or "superior"
probably made up by him which has no bearing to his fractured report.
So, lpt is in the mix. What's your thoughts
I am a C21 agent 80/20 split no cap.
I just got my license and recently received an invitation from Century21. As a someone who is brand new to the market and a college student, do you believe C21 is the best fit for me?
Wait you work at EXP? 😅
Can someone explain what a cap is ?
After you cap (make the company a certain amount of money for the year from commission splits) you get to keep 100% of your commission for the rest of your sales for that year.
It’s something used to cover your head. Hope this helps.
what about homesmart?
Re/Max has a cap. Depends on the franchise.
Compass ? Douglas eilman?
REMAX should be higher than C
Helpful video, thanks!
What’s you’re thought on coldwell banker vs keller Williams
Well he obviously ranks Keller Williams higher... Didn't you watch the video? Lol
real has bad broker support. hard to get a hold of people on there,
Is Exp even in the same league as Coldwell Banker? Seriously?
how about Berkshire?
Thank you for this great video. Extremely valuable and unbiased unlike many other videos catered to new agents. Thank you!
well.... is a video made by an EXP agent and of course a lot of information missed and some others wrongly managed... soooooo
u are so wrong on many different levels. Way too many assumptions made here.
Thank you
keller Williams told me 50/50 maybe it's different in other areas.
I am currently with Keller Williams. Where I am they get 36% until you hit 27k cap and $3k royalties. If you have a team you have additional fees , but cap lowers to $6k.
@@alexiatucker3063 Wow, that's absolutely horrible. My school said not to go with huge caps like that.
each office independently owned and operated so it varies..I'm with KW, but I'd shop around
@@dennisdriscoll2222 I agree, i did find something better. :)
Where is Engel & Völkers on this list? They are definitely S category.
Let me guess which brokerage he’s with…
Also, doesn’t understand real
not accurate
Way way way way off and clearly not updated as ReMax does have a cap now
EXP training was horrible
I had this same experience in ATL.
Bro how the f are they suppose to make any money if 5% is too much for you to pay? Amazing
Exp is shit