WHAT IS EXP AUSTRALIA? eXp Explained
eXp Realty has come to Australia
THE ESSENTIALS NEED TO KNOW ABOUT EXP REALTY AUSTRALIA AND HOW IT WORKS
We're excited about eXp's launch into Australia, and although the company is new to this country, eXp has grown to over 79,000 agents worldwide since 2009.
We understand that the decision to change real estate agencies and the importance of choosing the right agency is not something to take lightly.
It can mean the difference between you being able to live and enjoy the life you want or possibly leaving the industry because you get stuck in an agency that isn't able to provide you with the things you want and need.
To help you in your decision-making process, we've included the following information for you to consider. You can also watch the full eXp eXplained video.
ABOUT EXP AUSTRALIA
EXPERIENCE THE DIFFERENCE
eXp is a cloud-based real estate company that has experienced rapid growth since its humble beginnings of a mere 25 agents back in October 2009.
Bring it to today, and eXp now has over 79,000 agents that have now joined worldwide across 21 countries.
eXp is a cloud-based real estate company that has experienced rapid growth since its humble beginnings of a mere 25 agents back in October 2009.
Bring it to today, and eXp now has over 79,000 agents that have now joined worldwide across 21 countries.
eXp now has agents in the United States, Canada, Australia, New Zealand, the United Kingdom, Portugal, South Africa, India, France, Mexico, Brazil, Italy, Puerto Rico, Colombia, Hong Kong, Spain, Panama, Israel, Germany, Greece and the Dominican Republic.
It's not surprising that eXp is changing the real estate game for not only agents but also their clients. It's revolutionising real estate.
It's also no surprise that eXp continues to attract top agents worldwide to become part of this real estate revolution.
As a subsidiary of eXp World Holdings, eXp Australia is fast-tracking change in several ways.
eXp prioritises the agent and further ensures that the expertise, time and value resulting from every seller's journey is gained
eXp integrates advanced technology to enhance productivity whilst optimising property value and minimising time to sale and settlement to the benefit of vendors, buyers and real estate agents alike
eXp supports agents in presenting a personalised brand and further recognises that successful real estate agents have built their careers on their knowledge, integrity and personal networking
eXp offers business-ready resources, including tools, services, advanced technology and training for continued success.
At eXp Australia, you get to work and collaborate with some of the industry's most forward-thinking real estate professionals.
eXp's one-of-a-kind cloud-based office environment allows its agents to collaborate with industry experts nationwide and worldwide to confidently know that you're receiving the highest quality service in the country.
In addition, eXp's agents get access to some of the most powerful technologies in the real estate industry, including leading-edge resources, tools, services and training to nurture success.
eXp has broken new ground with its real estate model that offers a generous commission structure, where agents can keep up to 100% of their commissions.
The eXp Australia model also uniquely offers its agents the opportunity to earn eXp World Holdings stock (NASDAQ: EXPI) and residual income for contributing to the company's growth.
But one of the best things about the eXp Realty Model is its simplicity.
Being the largest cloud-based real estate company globally with access to cutting-edge technology, eXp exists simply to empower its agents to do what they love to do and ensure that they can do it such a way that suits them.
WHAT ARE THE COSTS OF EXP?
EXP COMMISSION SPLITS
Commission Splits up to 100%
All agents start on a 75/25 split until they Cap - which means they have settled $100,000 in gross commissions.
Once an agent reaches this Cap level, they will have capped the commission split with eXp and will be on a 100% commission split for the remaining time of their anniversary year.
For example, if an agent started with eXp on 1 February and capped by 30 June, they would be on 100% commissions until 31 January, when they would revert to the 75/25 commission split until they Cap again for their next year.
Use our Commission Calculator to see what your earnings could be under a Capping model.
OTHER COSTS OF EXP
When you decide to join eXp, there is a once-off join fee of $199 + GST.
Upon joining, you will receive $400 worth of eXp Starter Kit items as outlined below to get you set up and business-ready.
500 Business Cards
Agent Profile Page (eXp website, REA, Domain and social pages)
eXp email address
Access to 13 eXp subscriptions and platforms
You will also receive all the services outlined and listed on the eXp eXplained page for only $199 + GST per month.
Finally, there is a $250 + GST transaction/settlement management fee which is only payable upon the successful settlement of a transaction.
WHAT ARE THE BENEFITS OF EXP?
Select any of the below buttons to explore more on each of the following benefits of becoming a part of eXp. Or scroll down if you'd like to learn more about all the benefits.
INTEGRATED PROSPECTING SYSTEM
We believe you deserve more leads.
And to assist you in capturing and converting more leads, eXp provides you with intelligent technology that hooks into many platforms and feeds back to your AgentBox CRM.
So it’s always working for you to get more consistency in your lead generation and income.
eXp Australia has partnered with Australia's leading real estate CRM provider, AgentBox, which integrates with several other technology tools enabling many cutting-edge marketing services for its agents.
If you want to supercharge your lead generation, there are also add-ons you can get at a significant discount, including RiTa and ActivePipe. Making it more affordable to have your leads generated and database nurtured whilst you do other things.
Gone are the labour-intensive days of just cold calling through lists. Have appraisal leads sent right to your email address. Be alerted to the behaviours and activity of your database. And know who the most likely sellers or hottest buyers are.
Spend your time doing what you do best – listing and selling, building those relationships, and letting the tech do the rest.
It's time to stop the real estate roller-coaster!
Watch videos on the following to learn more:
ONE GREAT FORCE™
When you partner with One Great Force™, we want you to succeed.
We have built our own business from the ground up amid Covid. We know what you’re going through and how to build a successful and profitable business in the current climate.
We show you how to magnify results and convert more prospects, even if you don't have a massive pipeline or database.
We will help you generate leads at no upfront cost to help you hit the ground running. Then we teach you how to do lead generation, so you aren't reliant on anyone else.
We provide you with a 90-day roadmap for success and support you beyond. We even have supplier recommendations on everything you need to be business-ready.
You can even start today by checking out some of our
Free Prospecting tools which you can use to help build your sales pipeline, including free scripts and dialogues, social media calendar and prospecting letters.
Learn more about the prospecting support from One Great Force™:
- Watch the video on the One Great Force ™ Elite Agent's Package
POWERFUL REFERRAL NETWORK
Are you worried about leaving a big brand and missing out on referrals?
Or have you ever experienced the joy of getting a call from another agent with a hot lead that they will send your way?
Someone who has a home to sell in your area and a third party willing to set you up as the go-to expert agent of choice?
We are a global network of 79,000+ agents and have skilled agents all over the globe you can refer buyers and sellers to.
Never again will you have a client ask you if you know of a good agent in a different town, state or country and you not being able to give a trusted referral or receive one.
For more information check out the following:
- Watch Video Testimonial on eXp Referrals
- Watch the video on eXp explosive growth
KEEP UP TO 100% OF
Better splits sound great, but 100% of nothing is still nothing!
eXp gives you everything you need, including the tools, the support and the platforms to make what you want to earn and keep more of it.
You keep 75% of the first $100,000 GCI you make every anniversary year. Everything over $100,000 you keep 100% for the rest of the anniversary year.
$100,000 is the CAP. What does this mean?
Cap is where eXp believes you work hard and deserve the rewards for the hard work. So, once you reach the Cap ($100,000 GCI), you are no longer required to pay the "Office" a split.
You'll be at 100% Commission until the end of your anniversary year. If you are on a 40%, 50%, 60% split or more, this can make a massive difference to your earnings.
Even most modern real estate platforms still take massive chunks of the splits until you write $500,000, $1,000,000 or even $2,000,000+ in sales.
Without the massive overhead costs of traditional franchise models, eXp can offer you industry leading splits and unlimited free access to on-demand training and live training. These benefits help you close more listings, earn more commissions and keep more of what you make.
Check out our Commission Calculator to calculate your GCI under the eXp Capping Model
Learn more about Capping and what you could earn:
- Watch Video on Capping eXplained
- Watch Video on using the Commission Calculator
RUN YOUR BUSINESS FOR ONLY $199/MONTH
Reduce your costs of running a business. Everything you need for only $199+GST per month.
This subscription cost includes everything you need to run a successful and profitable real estate business.
This can be viewed from a few perspectives. We would argue that there is less financial risk than being out on your own or working for a traditional office or franchise. Let us explain.
eXp offers a cost-effective way to access everything you need. One subscription alone, e.g. CoreLogic RP Data, would cost you around $250+ per month and have you locked into a 12+ month contract with the provider.
With eXp, you get a leading CRM, RP Data, real estate portal subscriptions, access to lead generation, client nurturing, admin support, plus much, much more for less than the cost of one subscription.
How can they do this? Economies of scale.
Like Netflix could offer a better deal to its consumers than Blockbuster, eXp gives agents a better deal than traditional offices or franchises ever could.
With 77,000+ agents worldwide, eXp has massive buying power and can provide you with cheaper fees to access everything you need.
And the best part? (if the ridiculously affordable price isn't enough for you). There are no lock-in contracts. Yes, 30 days' notice, and you can leave.
Who would offer that? A company that is so confident their offering is the best out there!
Your database is also yours. You own it, and you take it with you. Your listings are yours, and you take them with you too. We realise that you have a relationship with your contacts.
eXp is a vehicle for running your business and providing everything you need.
The cost of doing business can be prohibitive—desk fees and franchise fees in addition to your split. You have to pay for any upgrades you want, often without a considerable buying power behind you.
It starts to add up quickly, and you have to start wondering what you're getting in return for all the fees and the split you hand over to your office.
Why not get access to everything you need (and much more) for one outstanding low monthly subscription fee and get all the support and training you want to back you up and ensure your success.
This is what's included in your eXp subscription of $199+GST/month:
Campaign Track - your one-stop marketing hub (your vendor only pays $99 per property)
Realworks (QLD) - legal forms/documents
REI Forms (NSW & WA) - legal forms/documents
ReaForms (VIC & SA) - legal forms/documents (includes e-sign)
Rate My Agent
Before You Bid
eXp Integrated Social Media Marketing Platform
Agent profile page listed on the eXp website
Free property advertising on other portals, including Homely, Domain, Onthehouse, Homesales, REIP and eXp website
Workplace by Facebook
Value in savings of approximately $1,300 per month for an individual agent.
Additional optional add-ons:
Proposal Point - for listing proposals $40 per month (incl GST)
ActivePipe - database enhancement tool and eBrochure/email trails platform $143 per month (incl GST)
RiTa - lead generation platform $199 per month (incl GST) + $180 once-off setup fee
QLD - $249+GST per annum/per user
WA - $32.50+GST per month/per user up to 5 users, then $17.50+GST per month/per user
NSW - $198+GST per annum/per user
Learn more about the business and growth tools included in your eXp Subscription:
- Watch Video on the the Costs of Running an Agency | Traditional - Independent - eXp
MULTIPLE STREAMS OF INCOME
You have the opportunity to set up multiple streams of income through eXp's real estate model.
Sales. Rent Roll. Shares. Revenue Share.
By building your business and growing your empire, you'll be able to plan your exit strategy for when you want to retire.
Have more opportunities to earn more by making yourself your brand with unlimited access to training, support, and brilliant marketing.
Build your business, make it your machine and not only get more sales (if that's what you want to achieve) but keep more of your hard earned income from each sale.
OWN YOUR OWN RENT ROLL
Build and own 100% of your rent roll asset.
Enjoy the regular income or sell and realise the asset. Or make it part of your sales machine that brings you listings every year.
"Stop renting and start owning your own asset". That's what we tell our clients.
So follow your own good advice and build and own your own rent roll asset with all the perks and zero of the headaches.
You can also have as much or as little interaction with the investors as you like. Rest easy knowing that they receive excellent service from highly-trained and skilled property managers.
Never refer away a possible future sale ever again.
Learn more about how you can build and own your own rent roll.
SHARES & EQUITY OPPORTUNITIES
Earn shares in a publicly listed company.
eXp is more than just a real estate business. It’s a tech company.
Our founder Glenn Sanford was an agent with a tech background and believes that agents do most of the work and should be rewarded as such.
The company wouldn't exist without the agents, so they deserve to own part of it. So just by doing what you do every day, you can get rewarded with equity in the company.
There are five ways you can earn equity and ownership in eXp:
When you make your first sale, you will get a stock award.
When you Cap, you will get a stock award.
When you ICON, you will get a stock award.
When you pay it forward and tell another transacting agent about eXp, and they join, you get rewarded for your contribution to growing this fantastic company, and you get a stock award from their first transaction.
The last way is the Agent Equity Program.
Any financial manager will tell you a reasonable expectation of a medium risk investment is a 10% return in the first year.
With the eXp agent equity program, you can allocate 5% of your commissions to purchase additional eXp stock at a 10% discount. Forget 10% in the first year. How about a 10% return on the first day of owning the stock.
eXp has gone from being a penny stock to publicly listed on the NASDAQ. In 2020 it underwent its first stock split (just like Apple, Google and Amazon did).
So, the moment you settle your first transaction with eXp, you become a part-owner in the company thanks to the shares you get granted.
Some of these shares are vested for up to 3 years, and some of them you can sell on the day you get them. Whatever the case, you are getting these shares at no cost to you.
Regardless of whether they go up, down or stay where they are, you will have more than you started with. It's another way eXp is helping its agents grow wealth.
Learn more about and watch our video on eXp's equity opportunities.
Some companies will let you share in their profits.
That means, when all is said and done, you could get a small cut of their profits at year-end, but only if they make money.
In Australia this is largely unheard of in real estate, but in places like the USA, there are a few companies that offer this to their agents.
The most notable being Keller Williams, one of the biggest real estate brands in the USA.
What eXp offers is a cut of the company's revenue, NOT profits.
So, when you contribute to the company's growth by telling one of your real estate agent friends about eXp, and they join, the company rewards you for your contribution in the form of revenue share.
For example, you introduce an agent and earn 3.5% of the GCI up to a maximum of $100,000 = $3,500 per agent each year for as long as the agent remains with eXp Australia.
This means that so long as the agent is a transacting agent, the company will pay you a small portion of the revenue they receive from company dollars and does not affect the agent's income.
So long as the agent remains a transacting agent, eXp will pay you revenue share, year after year after year. This can add up! There is no limit to this.
It's a 7-tiered cascading revenue share model which allows the company to thank you for your contribution over and over again.
What this means is, if you enrol a transacting agent and they love eXp and tell a friend of theirs about it, and they enrol, you will be paid revenue share from company dollars for that as well.
This also encourages agents who want to build a team and help other agents take the focus off themselves and share with others to assist in their success and grow the company by bringing in other skilled agents.
Learn more about revenue share for entrepreneurial agents and cascading revenue share.
eXp offers enormous rewards and incentives to its agents for the achievement of certain milestones within the company.
eXp is the only real estate business model of its kind. You get to keep 100% of your hard-earned commissions after qualifying each year, AND you've also got the opportunity to be rewarded with stock in the company and other bonuses.
You get awarded with stock in eXp when you join eXp Australia and after your first settlement from a property sale.
You'll also receive stock awards when you reach your $100,000 commission cap and when an agent that you've introduced to eXp settles their first transaction.
The best stock award is the ICON Agent stock award. Top-producing agents who satisfy the ICON award criteria will receive up to $21,000 worth of stock every year that they achieve the ICON award.
You'll also be invited to become part of the Agent Equity Program, which gives its agents the benefit to purchase shares in the company at a discounted price.
In Australia, eXp allows its agents to take 5% of their commission and buy EXPI stock at a 10% discount.
So, you become a shareholder in the company from your very first settled transaction. And just by doing the job, you do every day, you get rewarded even more for your efforts.
REAL ESTATE TRAINING
LIVE & ON-DEMAND
Sick of paying astronomical amounts to get access to real estate training?
Incidentally, this includes the sometimes 40%+ you give away to your office in commission splits.
Train where, when and how you like. And get it all for free when you're with eXp.
eXp values training and personal development. This is why eXp established its virtual University with several Auditoriums.
When you join eXp Australia, you get access to eXp World, where you can walk in with your customised avatar and attend live training every week from the comfort of your home office or anywhere you have internet access.
With 50+ hours of professional development sessions and training added to the eXp University every week and experts in all aspects of real estate sharing their knowledge, you will be spoilt for choice.
On offer are guest speakers from around the world, national coaches and real estate trainers, group workshops, and masterminds.
It's truly a remarkable experience as you may have someone from Texas in the US teaching a class one day and Brisbane in Australia the next.
The agent or coach who is teaching the class also isn't trying to hold back in any way, as they're talking about their local market, and they will tell you exactly what they're doing to succeed.
This is one of the huge factors which differentiates eXp from all other real estate companies – this is a big deal for many eXp agents.
eXp World allows virtual meetings and unlimited access to online training. Can't make it to a conference? Don't miss out. Attend virtually.
Learn when, where and how you want.
You get access to up-to-date training of some of the most successful agents within eXp. Tune in to the weekly ICON series where you will hear from agents in your local State or Country on what they are doing right now to win business, overcome obstacles or do things differently.
As part of their ICON award, these agents meet specific production or performance requirements and cultural criteria.
Tune in to live training or catch up at your leisure. If you have a problem, someone has training on a solution.
You just log into eXp World from your computer to access the virtual office.
Alternatively, there is also a mobile app that allows you to access eXp World from your phone, and you'll be able to listen and participate in classes whilst you're in your car or sitting in a coffee shop. It's really quite remarkable!
Agents can also access business-ready guides, training and checklists in eXp World in the Self-Help Room.
We have support systems set up within the company, and everybody wants to see you succeed. You'll experience collaboration as you have never before seen in real estate.
We'll also teach you how to use the technology that comes with your subscription to its fullest—automating follow-ups and leveraging new listings from existing ones. Leveraging your contacts and leveraging your learnings into practice.
As part of One Great Force™, you will get additional access to our follow-up trails in text, email, letter, social, email and calls to avoid missing another listing again. We'll also teach you how to maximise your return from the sales you'll make through the actions to take.
Check out all the other training materials, courses and portals you will gain access to as part of One Great Force™ and watch the video on Follow-up Trails and their importance.
Most eXp Realty live training classes are recorded and are an invaluable resource pool for agents at eXp. If you're a busy agent, you may not be able to attend a specific class you might be excited about attending at a time that's suitable to you.
eXp Expressway allows you to pull up the recordings and listen to them anytime, even when driving to a client meeting.
The technology team at eXp creates an array of "how-to" training videos, which give you a clear step-by-step guide to different aspects of running your business.
When you attend a training class, you get so excited about what you learned, but by the time you get back to implementing it a few weeks later, you've already forgotten 70% of what you learned.
The fact that they record the training and you're able to go back and access these recordings can make a HUGE impact on your business.
Watch Video on ICON and On-Demand Training
Watch Video on Agent Hub Demonstration
eXp has revolutionary technology and systems to support your time and handle more business (if that's what you choose).
Feel like it can be overwhelming to list and sell more?
Unsure of the steps or processes of go-to-whoa?
We have 1,000+ people in the cloud ready to assist with everything, eXp World and Workplace by Facebook to get access to other agents and even Heads of countries and the CEO.
Upon joining eXp Australia, you will receive an eXp Passport which will grant you access to many tech benefits, including eXp World.
You can log in to eXp's cloud campus at any time from any location, with eXp World allowing agents the convenience of meeting "in-world" with other eXp colleagues, attending classes, networking with other agents or gaining access to real-time support, assistance and training.
In a nutshell, eXp World is our cloud-based workplace of the future. It's something you need to see and experience to believe it!
Then there's Agent Hub, where you can access all the essential applications and resources located in one convenient place.
Set up with scalability in mind, we have agents who choose to sell anything from 1 home per year to 150 homes per year. Sole operators or agents who decide to have a PA or team. The choice is yours.
If you don't have the support to scale your business or feel you need to put someone on, eXp gives you the technology, tools and support to scale your business and make this happen without the hassle.
Maybe you already have a team that works well together, and you'd like to bring them along. With all the access to our integrated prospecting system and upgrades, you have the tech working for you.
You'll spend less time cold calling, door knocking and doing those labour intensive jobs you may not enjoy. Let the system work for you and focus your energies on listing, selling, enjoying your life and freedoms, and increasing your income.
eXp's technology and systems also reduce how labour intensive follow-ups can be and make sure you are speaking to the right people at the right time. No more guesswork.
Watch Video on How our eXp agents can list and sell 50+ properties per year with only one agent
The collaborative culture within eXp is infectious.
Enjoying the use of Workplace by Meta (Facebook) encourages more of this collaboration.
It's an easy-to-use collaboration platform for business that looks and acts just like Facebook
It's a lot like Facebook but built for the world of work. Within this platform, agents share best practices, keep up on company news and events, share and receive referrals, and much more.
Think Facebook, but only for your workplace. And it's able to be downloaded on both computer and mobile devices.
This makes it easy to keep in touch with one another and know what is going on within the company.
In this increasingly virtual world, we also can converse with agents in all countries and at all levels of the business.
Got a question? Reach out, and an available agent will happily answer or help in any way they can. eXp by design encourages agents to help one another and support one another. It's the eXp culture - it's just the way we are.
Most agents have an abundance mentality and realise that a rising tide raises all ships. Being owners of the same company, why wouldn't we all support one another and encourage/give feedback to help?
We even have annual Shareholder Summit and eXpCon conferences that build team culture, socialisation and encouragement. You also can attend either virtually in eXp World or in person!
Watch Video demonstrating eXp World Walk-Through
Watch Video on eXp Collaboration
COMPLIANCE & TRUST ACCOUNTING
Many business owners are worried about compliance and liability. And rightly so.
With eXp Australia, we have access to each State’s REI forms ensuring that the contracts and agreements you use are the most accurate and up to date.
We also have State Licensees and a National Compliance Manager to take the stress away from you. Focus on what you do best – to list and sell real estate.
One of the most significant stressors in real estate is Trust Account management and compliance. It is an intricate business, but it's also an expensive one. And if done wrong can result in hefty fines and even imprisonment.
Rest easy knowing that eXp looks after the management of the sales Trust Account. All the receipting and disbursements get done for you. Plus, they take care of the costly annual trust audits, so you don't have to worry about them.
You can just focus on listing, selling and enjoying your increased income and profits with a lifestyle you deserve.
Watch Video on How eXp ensures all your business compliance requirements are met.
ADMIN & TRANSACTION SUPPORT
Some essential administration support is provided for you.
And there is 1,000+ staff in the cloud ready to assist in all aspects of your business.
We want to ensure you can navigate through everything you need from end-to-end.
The bottom line. You don't need to know how to get a sale from listed to sold from an admin perspective. We have training and support to guide you through.
Using your Passport to eXp World, you have access to over 1,000 cloud-based support staff and employees at your fingertips who are ready to help you. Get access to IT, Accounting, Finance and other support staff whenever you need assistance in one centralised and easy to use platform.
Should you wish to have all of your admin looked after with outsourcing opportunities, there are options available.
You also never have to worry about transaction management again. This service is provided to eXp agents at a very reasonable $250+GST per settled transaction.
So, you won't pay a transaction fee on a property that doesn't settle.
Learn more about the support available to you:
- Watch Video on Admin Support
- Watch Video on Transaction Management
eXp is a cloud-based real estate company. Providing its agents with tech like you've never seen before.
We're always seeking out better ways to operate more efficiently.
Therefore, allowing your business to be as "pandemic-proof" as possible.
Such efficiencies also mean you enjoy top-notch technology solutions that enhance and grow your business.
eXp has even created its own virtual eXp World. It provides a state-of-the-art Virtual Office Space and Workspace for its agents.
As well as a Virtual University which gets up-to-date training added at a rate of 50+ hours per week.
So, be at the forefront of the industry and ready to pivot your business whenever unexpected events like pandemics happen.
NO LOCK-IN CONTRACT
& OWN YOUR OWN DATA
Rarely is there a real estate company so confident in their offer that they won’t expect you to lock yourself in for any period of time.
The offer, all of it, is so great it’s unlikely you would choose to leave once you experience the difference.
You'll have the freedom to be your own brand and experience the support, technology, collaboration, freedom, wealth and fun of being a part of eXp.
However, we don't believe in keeping you somewhere any longer than you wish to be there. So, your subscription is not subject to any lock-in contract or minimum time frame.
If we are not for you, we would be sorry to see you go, but we'll wish you nothing but great things on your way.
In the unlikely event that you decide to leave eXp, you can take your database with you. After all they're your contacts.
At eXp, we realise that sellers list with the agent, not the company. You own your own database. It's yours. As simple as that.
Watch Video on eXp's No Lock-in Contract & Owning Your Own Database
LESS FINANCIAL RISK
& MORE REWARDS
You have less financial risk than going out on your own and relying wholly on yourself.
You don't need to be committing yourself to expensive and lengthy subscriptions with all the providers you will need to run your real estate business.
In fact, it's even less risky than going with a franchise and less risky than staying in your current office.
You have a low, once-off set-up fee of $199+GST and just a $199+GST ongoing monthly subscription fee that gives you everything you need and more than you probably currently have.
You get a 75% split of your first $100,000 GCI and $100% after that for the remainder of your anniversary year.
The low-cost transaction and settlement management is only $250+GST per settled transaction.
You have free access to some of the industry's most successful agents with proven systems and tools provided through One Great Force™ and The Hardens™. You have top performing agents sharing with you what they're doing that's working.
What we have learned is that transactions don't give you freedom.
We will teach you how to build a profitable business that requires less of your time. After all, if you want more transactions, we can teach you how to get them, but transactions don't give you freedom.
You can't take transactions to the bank. That's just a treadmill. What you are really after is freedom – the ability to choose what you want to do with your time.
Too many transactions result in less time and more responsibilities, so running a successful and profitable business that allows you the freedom of what to do with your time is paramount.
eXp is a company designed with an exit strategy in mind.
A company that says, we know good agents know other good agents they would like to work with, so let's share the revenue with the agents growing the company. After all, all real estate companies are recruitment companies.
The rewards come in the form of freedom with your time and your branding and location, the ability to earn more income and keep more of what you make with a great split, reasonable Cap and then 100% split to the agent after that.
You're also given the ability to build and own 100% of your own rent roll asset, ownership equity in a publicly-traded company and a share of the revenue in the company you own a part of and are helping to build.
And if you decide it's not for you, you don't like it, or you don't want collaboration and support. You're not locked in and can leave, taking your database with you and no exit fees.
It's as simple as that and completely risk-free.
BE YOUR OWN BRAND
eXp supports the agent's decision to present a personalised brand.
It further recognises that successful real estate agents have built their careers on their integrity, knowledge and personal networks.
Together, we can leverage the latest technology to grow an agent-owned international and publicly-traded company.
You can use your own brand. With all the tech and tools you need to become the go-to agent in your area. And further leverage eXp and social media to build your brand.
They feel as if they already know and like you, and as a result, they trust you. It's a more effortless close, and it's a great feeling.
Get this happening more with our social media and posting calendars and advice, helping your community get to know who you are, setting you apart and having leads coming to you because they like you!
After all, they're listing with you, not the office.
You are an incredible person with your own set of exceptional skills. Gone are the days when you need a corporate brand.
There's no reason you should give up your identity or the brand name you've built. Instead, you can use eXp to leverage your own brand.
People list with people, and when you're real and authentically you, they will see that and come flocking. We just help you show the world who you are.
You also don't need to be a social whiz. Our easy steps help you set and forget, for the most part, letting people get to know the real you.
You have the option of using eXp's branding, co-branding or your own branding.
There are specific compliance requirements that need to be met. For example, a commission-only employee will need to remain eXp branded.
However, if you are a sole trader/contractor or a company, you can be co-branded or just use your own branding. The choice is yours.
You can even choose to change your branding or rebrand over time. It really is that flexible.
In this world of reality TV and influencers, we know sellers sell with the agent, not the brand. So why not show the world the real you and make yourself your brand?!
Watch the Video on Branding to learn more about eXp's branding options.
BE YOUR OWN BOSS
No reporting to a Franchise Owner or Director.
You are your own boss. As well as you have all the help and support you need.
If you have a pressing question, you no longer have to wait until the boss has finished a meeting or appointment.
You won't get told to come back the next day because they were out playing golf.
If you have a question, there are ample people in the world, Workplace or your State Licensee to answer it.
No longer will you need to wait for your answers. No one is looking over your shoulder, checking their watch on where you have been or pressuring you because you haven't got a new listing on the board for four days.
We have training and weekly meetings (some virtual and some in-person) to help you learn and keep motivated if you choose to attend. You could even buddy up with another agent as an accountability partner.
Really though, you are working for yourself and reaping the benefits of your hard work, no longer lining the pockets of a franchise or franchisee.
Now that's cause for celebration!
Watch Video on Traditional Office Environment vs Agent-Centric Environment
WORK WHERE, WHEN
& HOW YOU WANT
Don’t be constrained by bricks and mortar.
In this modern age, we don’t need offices. Our office is the car, the living room or a café.
But if you do want to have a meeting in an office, with your eXp subscription, you get a membership to the Global Regus Network of Offices.
There are many to choose from in most cities, and they provide you with a staffed, professional environment where you can choose to work or hire a boardroom for a particular client meeting if need be.
Regus offers lovely workspaces, much nicer than most office environments, and come complete with free wifi and coffee.
With such a significant focus on innovation, eXp Australia is changing how agents and clients work together.
Taking collaboration to new heights, eXp has brought real estate to the next level through its one-of-a-kind cloud-based office environment. It's time to say goodbye to traditional real estate.
No more office commutes and no more waiting for support. No need to sit in endless traffic. Your commute can be as quick as a walk down the hallway.
Agents in eXp Australia are inherently mobile, and you have the flexibility to work your way - anywhere, anytime.
eXp's cloud-campus environment also allows for shared learning and collaboration from any location in the world. As an eXp agent, you'll have more than 50 hours of live training on offer each week, and you can participate in virtual classrooms led by industry-leading real estate experts.
There's also no minimum GCI amount you need to earn. Okay, so each State and Territory have their own minimum requirements depending on licensing. However, as long as you meet those minimum licensing requirements, eXp doesn't impose any on you.
We are here to support you with as many or as few transactions as you desire.
If you're a Mum who's returning to work with your kids at home and want to work a couple of days a week, you can do it.
If you want an easy-going life and plan on listing and selling one per month, you can do it.
If you are a gun and want to be a million-dollar agent, we have the systems and processes you need and will help you do it.
Sick of a workplace that tells you how you should run. It's like it's your own business, and then they take a massive chunk off everything you make, ask you to set goals that serve their needs (not yours) and make you feel bad if you aren't keeping up with their expectations of what you should be making them?
Set your goals for your income and your lifestyle, and you will have all the tools you need to achieve them. It's your business, your income, your life, your way.
Work as many or as few days and hours as you want.
Watch Video on Setting your own goals to work for yourself
BUILD A TEAM HASSLE-FREE
Individual agents, real estate teams and agencies of all sizes have joined eXp.
We can show you how best to transition into eXp and benefit no matter what your situation.
If you'd like to build a team without the headaches, we can show you how.
eXp Australia gives you the model to build a team of agents without any limitations of geographical location, provision of systems and tools or legal oversight.
Build a team of your own and be financially rewarded for contributing to the company's growth by getting a share of the revenue which your team produces.
All whilst eliminating the hassle of traditional staffing and the worry of losing agents to someone else's chequebook.
We'll provide you with all the resources to be able to grow your real estate team with Leadership Training on "How to Build Your Team" every Tuesday morning.
Watch Video on Building a Team
BUILD YOUR OWN PERPETUAL INCOME-PRODUCING MACHINE
Partner with us at One Great Force™ in eXp, and we will show you proven strategies to build a perpetual income-producing machine.
We'll show you ways to get all the wealth, freedom and time to enjoy your family and lifestyle that you desire through real estate.
Learn more about what we do at One Great Force™ to support our agents who we choose to partner with:
- Watch Video on One Great Force™ eXp Benefits
WHO CAN JOIN EXP?
There are two ways in which agents can join eXp Australia. As a Commission Only Agent or Independent Contractor.
In line with all Australian State Regulators, the requirements for each are outlined below.
Commission Only Agent or Representative
License Required: Real Estate Sales Registration or Full Real Estate License
Proof of Earnings: Under the Federal Award, you must be able to prove that you have earned a minimum of $60,000 in income within a 12 month period from real estate commissions during the last 36 months.
License Required: Full Real Estate License
Trade under a PTY LTD Company
Additional License Required: Australian Corporations License in the name of the PTY LTD Company
Hold your own Public Liability & Professional Indemnity insurances to specified levels
Independent Sole Trader Option
If you're a Sole Trader, you can join as an Independent Contractor
As an independent contractor, you will need to hold your own insurances to specified levels
Within 26 months from the date of joining eXp, Sole Traders have to transition their business to a PTY LTD Company and, in turn, get their Australian Corporations License
Thanks for taking the time to read more about eXp Australia and what it offers to real estate agents. We're excited at the prospect of you partnering up with us at eXp Australia as part of One Great Force™.
We'd love for you to join in being part of a new and exciting real estate organisation led by forward-thinkers.
With the backing of eXp Australia, we can help you unleash innovative lead generation strategies and allow vendors to market their homes cost-effectively with maximum exposure.
You'll also be able to utilise social media for property sales and brand awareness and further enhance the exposure of your listings through our ever-growing network of eXp agents worldwide.
When you look to partner up with us at eXp Australia, you can rest assured that you'll be supported throughout the entire process and into your future.
Are you ready to partner up with other successful eXp real estate agents?
EXP FAQ'S ANSWERED
Find answers to frequently asked questions about eXp.
EXP COMMISSION CALCULATOR
Find out the difference to your income under eXp's Capping model and what it could mean for you. FIND OUT MORE