I’m going to be honest. For some people, joining eXp can be a disaster. It can go really, terribly wrong. But it can also go really terribly right. In this post, I’m going to cover the two things that really matter when you’re joining eXp that make the difference between having a great time and a terrible one.
The eXp Difference
With most brokerage models, the agents are selling houses. The agents are paying broker fees up to the brokerage and the brokers then pay middle managers, branch managers, owners, regional managers, vice presidents, whoever they pay for advertising, and a variety of other costs. That’s how the traditional model works. With eXp, it’s different. When you’re dealing with eXp half the money goes to eXp and the other half goes to the agents who recruited people to eXp. There’s a profit share, so you get paid when someone on your team makes money.
So, the two things you need to consider when joining eXp are:
- The Person Who Sponsors You
- How Good of A Recruiter You Are
The Person Who Sponsors You
Who the person is that sponsors you is the most critical decision you’re ever going to make when it comes to joining eXp. You want to be on a team of people who sell a lot of houses. When you join a team of people who are killing it, you’re all going to make a lot more money.
Know How to Recruit
Since eXp allows you to make a passive income whenever someone you recruit makes a sale, being good at recruiting, and having access to other people who are really good at recruiting is key. This last year I made about $32,000 from revenue share. So, this is a lot of money we’re talking about. The more top sellers you have on your team the better, and the better your team is at recruiting, the better you all will do.
One of My Favorite Things About eXp
One of my absolute favorite things about eXp is all the wonderful people I’m exposed to and have the chance to learn from. Being surrounded by other successful people helps push you to even greater heights. From the eXp community, our weekly masterminds, Facebook groups, group chats, and more, I’ve learned new systems that I’ve been able to implement and scale to great results.