One of the challenges of being a real estate agent is that many of the brokerages out there only allow you to create income for agents through one method, which is selling homes. At Exp Realty their brokerage model offers agents additional ways to earn income all through doing the same thing they’re already currently doing, selling homes. How?
Besides the active, income of being a real estate agent and selling homes earning income through commission. Exp Realty agents can actually make another stream of income through voluntarily participating in the revenue share program. The revenue share program compensates an Exp Realty agent with a small portion of the commission whenever any sponsored agent that the agent brings on board Exp Realty makes a home sale. This is easiest to think of as a recurring referral fee anytime a sponsored agent makes a sale, the agent that brought that agent gets a small referral fee. However, this is a bit more complex and goes seven levels deep. Meaning that the sponsored agent can also sponsor their own agents, and those agents can also sponsor their own agents, and the original agent can get paid a small referral fee from the home sales of all these agents up to 7 layers deep. So depending on the number of agents that are sponsored on each level, the revenue share amount can become quite significant. However, even starting out, if an agent can consistently make even $100/month through their sponsored agent, that covers the agent’s monthly fees at Exp Realty and even earns them an extra $15/month. As a bonus, because revenue share is earned passively through the work of sponsored agents, the taxes on revenue share income is not treated as active income; instead, passive income means lower taxes.
The other way that Exp Realty agents can earn another stream of income is to enroll in the agent equity program also known as the employee stock purchase program. Once enrolled in this program, 5% of every commission earned by the agent will be paid out in the form of Exp Realty stock. Even better this stock is purchased at a discount of 10% as well! Exp Realty stock, ticker symbol, EXPI for Exp World Holdings Inc. This is a fantastic way to accumulate stock to sell off in the future for retirement or other uses. In addition, Exp Realty has an 80/20 split with agents, however, once an agent has capped their commission split and earned Exp Realty Icon Agent Award status, they will be rewarded the 20% split that they paid to Exp Realty in the form of Exp Realty stock!
As you can see, partnering with Exp Realty and their brokerage model allows agents many different ways to create income actively or passively or both! All through just doing the normal things that all real estate agents do, selling real estate! It’s no wonder many agents who take the time to understand the Exp Realty model are moving and partnering up with Exp Realty. If you have any questions or would like to know more. Contact me at any time!