Exp Realty is a cloud-based real estate brokerage. This means that, unlike traditional brokerages that operate out of brick-and-mortar offices. EXP Realty utilizes technology and virtual campus, Exp World, similar to what is referred to as the “metaverse” to operate its business. Most agents work out of their home office and everyone meets online.
Exp Realty began as an idea from Glenn Sanford during the last great crash in 2009. Glenn was a former KW Team Leader and he had personally seen the challenges that everyday real estate agents had. From healthcare to retirement to the traditional real estate agent career path. Exp Realty provides competitive healthcare insurance to those who need it.
Exp Realty helps agents tackle retirement and the traditional agent career path through its unique business model that allows agents the opportunity to produce multiple streams of income: active agent work, revenue share, and accruing stocks. This allows agents to continue producing income even after they’ve slowed down their active agent work or completely hanging up that side of their business. The revenue share program, allows agents to make passive income. Whenever an agent sponsors another agent to join Exp Realty, and that agent makes a sale, the agent also receives a share in the revenue for each closing. Agents can also choose to get paid 5% of their commission in Exp Realty stock. This allows agents to accumulate a nice nest egg for when they are ready to retire and sell them back for residual income.
The primary focus of Exp Realty is on the lifeline of the brokerage and its agents! Building a brokerage where agent success is the focus of the brokerage has changed the landscape for the real estate industry. Since Exp Realty has come on the scene, there have been a number of brokerages that are also creating similar changes in their business model. Exp Realty has disrupted the real estate agent world as we know it today. Still a relatively new company, only 13 years old, it is the fastest growing real estate brokerage. Today there are over 84,000 Exp Realty agents and operations in 23 countries and more to come. Just recently, Exp Realty also launched the commercial real estate side, Exp Commercial. Keep an eye on Exp Realty as it continues to grow!