WHAT IS EXP NEW ZEALAND? eXp Explained eXp Realty has come to New Zealand
THE ESSENTIALS YOU NEED TO KNOW ABOUT EXP REALTY NEW ZEALAND AND HOW IT WORKS
We're excited about eXp's launch into New Zealand, and although the company may be new to this country, eXp has grown to over 79,000 agents worldwide since 2009.
Now, we understand that the decision to change real estate agencies is not something to take lightly. So, it's essential to be informed to choose the agency that best suits you.
Choosing the right agency can mean the difference in your being able to live and enjoy the life you want. Or maybe even leaving the industry because you end up in an agency that can't provide you with the things you both want and need.
So, to help you in your decision-making process, we've included the following information for you to consider. If you prefer to watch the content, you can watch our eXp New Zealand eXplained Video.
ABOUT EXP NEW ZEALAND
EXPERIENCE THE EXP DIFFERENCE
eXp is a global cloud-based real estate company that started with humble beginnings in October 2009 with a mere 25 agents.
Fast-forward to today, and eXp has experienced rapid growth with over 79,000 agents that have now joined worldwide across 21 countries.
eXp now has agents in the United States, New Zealand, Australia, Canada, the United Kingdom, South Africa, Germany, Portugal, France, India, Mexico, Brazil, Puerto Rico, Italy, Colombia, Hong Kong, Panama, Spain, Israel, Greece and the Dominican Republic.
The eXp model is transforming real estate. And it's not surprising that eXp is changing the real estate game for its agents and clients.
It also comes as no surprise that eXp continues to attract top agents from across the globe to become part of this real estate revolution.
As a subsidiary of eXp World Holdings, eXp New Zealand is a catalyst of change in several ways.
eXp prioritises the agent. It ensures that the time, expertise, and value resulting from the journey of every seller is achieved
eXp integrates leading-edge technology to enhance agent productivity and optimise property value. This minimises time to sale and settlement to the benefit of all parties – vendors, buyers and real estate agents alike
eXp supports agents in presenting a personalised brand. They recognise that successful agents have built their careers on their wealth of knowledge, integrity and personal networking
eXp offers business-ready resources. This includes all the tools, services, cutting-edge technology and training for continued business success.
At eXp New Zealand, you get the advantage of working and collaborating with some of the most forward-thinking professionals that the industry offers.
The one-of-a-kind cloud-based office environment that eXp offers allows its agents to collaborate with industry experts across the nation and around the world. You'll have the confidence in knowing that you're receiving the best quality service.
In addition, eXp's agents get to use some of the most powerful technologies available in the real estate industry. Leading-edge resources, tech tools and services, and training nurture agent success.
Breaking new ground with its real estate model, eXp offers a very generous commission structure, where agents can keep up to 100% of their commissions.
The eXp New Zealand model also offers a unique opportunity for its agents to earn eXp World Holdings stock (NASDAQ: EXPI) and a way to earn residual income for contributing to the growth of the company.
But one of the best things about the eXp real estate model has to be its simplicity.
Being the first and largest cloud-based real estate company globally, eXp has highly advanced technology. eXp exists simply to empower its agents to do what they love to do and further ensure that they can do it so that it suits them and their lifestyle.
WHAT ARE THE COSTS OF EXP NEW ZEALAND?
EXP NEW ZEALAND COMMISSION SPLITS
eXp New Zealand's commission split is 75% up to 100%.
Every eXp agent will begin with a 75/25 split up to when they hit their "Cap", i.e. when they've settled NZ$140,000 in GCI or gross commission income.
Upon an agent reaching this gross commission level, and "Capping", they will stop paying a commission split to eXp. The agent will receive 100% of their commissions for the remainder of the year up to their anniversary date.
For example, if an agent started with eXp New Zealand on 1 June and reached their cap by 30 September, they would enjoy 100% commissions till 31 May. When their anniversary year finishes, they would revert to the 75/25 commission split until Capping again in their next year.
Use our New Zealand Commission Calculator to see what your earnings could be under a Capping model.
OTHER COSTS OF EXP NEW ZEALAND
When you decide to join eXp New Zealand, there is a once-off join fee of NZ$400 + GST, which covers your setup into the company to access its tools and resources.
Upon joining, you will be onboarded with eXp to get you set up on all the tech platforms and business-ready.
You'll get access to all of your subscriptions and real estate platforms. And an Agent Profile Page will be set up for you on the eXp Website and Real Estate Platforms, and you'll receive an eXp email address.
There is a Monthly Cloud Fee of NZ$200 + GST which covers you for all of the "cloud-based" technology, tools and platforms you need to run your successful real estate business effectively.
This cloud-based fee also gives you access to a state-of-the-art CRM that was custom-built for eXp New Zealand agents to manage their business.
Some of the features of this custom-built CRM include:
Prospecting and Lead Tracking
Templated Brochures and Emails
Calendar and Tasks
Viewings and Virtual Open Houses
Match Buyers to Properties
Listing Quality Rating based on Machine Learning
Sales Progression and Transaction Processing
Automatically Updates the Site
List Potential Customers Directly in Your CRM
Easy Entry Management
Extension to Social Media Platforms
Static Website Owner
Multilingual Listings Available to all Customers
Extension of Multiple Currencies to the Rest of the World
Distribution and Distribution on Registration Portals
Syndicate on New and Emerging Platforms
Interaction in eXp World Listings Training
High-Quality Presentation and User Approach
Easy Loading of Registration Platform with Automated Success
There is a NZ$500 + GST transaction/settlement management fee which is only payable upon the successful settlement of a transaction.
Finally, there is a $NZ1,250 + GST Marketing Reimbursement. This reimbursement is paid back to agents upon settlement of a property.
It's a way to help agents invest in their business, get better exposure for their listings, and assist them in establishing and marketing their business. This is just another way eXp New Zealand helps give back to its agents.
WHAT ARE THE BENEFITS OF EXP NEW ZEALAND?
Click on the buttons below to explore more about each of the following benefits of becoming an agent of eXp New Zealand. Alternatively you can scroll down to learn more about the opportunity.
INTEGRATED PROSPECTING SYSTEM
We believe that all agents deserve more leads.
And to assist you in capturing and converting more leads, eXp New Zealand provides you with intelligent technology that hooks into many platforms and best utilises the custom-built CRM.
So it's always working for you to get more consistency in your prospecting, lead generation and income.
eXp New Zealand has custom-built its own CRM, which integrates with other tech tools to enable cutting-edge marketing services for its agents.
If you want to supercharge your lead generation, there are also add-on services to which we can introduce you. Making it more affordable to have your prospecting done, leads generated, and database nurtured whilst you do other things.
Gone are the time-consuming days of cold calling through lists. Instead, be alerted to the behaviours and activity of your database. And be aware of who the most likely sellers or hottest buyers are. You can even have appraisal leads sent right to your email address. Just contact us to find out more.
With all the tech and tools eXp provides, you can spend your time doing what you do best – selling and building those relationships. Let the technology do the rest for you.
It's time to get off the real estate roller-coaster!
Learn more about eXp's included tech and business tools
Watch videos on the following to see them in action.
ONE GREAT FORCE™
When you partner with One Great Force™, we want you to be able to realise your success.
We have built our own business from the ground up. And during a pandemic. So, we understand what you’re going through and know how to make a successful and profitable business in the ever-changing current climate.
When you partner with One Great Force™, we want you to be able to realise your success.
We have built our own business from the ground up. And during a pandemic. So, we understand what you're going through and know how to make a successful and profitable business in the ever-changing current climate.
We'll show you how to heighten your results and convert more prospects. Regardless, you can do this if you don't have a massive pipeline or database.
As part of One Great Force™, we can even help you generate leads at no upfront cost to assist you in getting a head start on your new business. Then we can teach you how to implement your own lead generation, so you aren't reliant upon anybody else.
We also provide you with a 90-day roadmap for success and support you into the future.
You can even start today by checking out some of our
Free Prospecting tools which you can use in your business to help build your sales pipeline. Some of these free tools include a social media calendar, scripts and dialogues, and prospecting letters.
Learn more about the prospecting support from One Great Force™:
- Watch Video on the One Great Force ™ Elite Agent's Package
POWERFUL REFERRAL NETWORK
You might be like some other agents who were initially concerned about leaving a big brand.
They were worried about missing out on possible referrals.
Or, have you ever experienced that great feeling of getting a call from another agent with a “now-seller” lead that they will send your way?
Someone who has a property they want to sell in your area and a third party is setting you up as the expert agent of choice?
Any concerns that agents coming from "big brands" have about this kind of internal referral network quickly subside when they join eXp and experience its vast network of agents.
We are a global network of 79,000+ agents and have skilled agents all over the globe you can refer to and receive referrals.
You'll never fall short when you have a client ask you if you know of a good agent in a different town, state or country and you can't give a trusted referral or receive one.
For more information, check out the following:
- Watch Video Testimonial on eXp Referrals
- Watch video on eXp explosive growth
KEEP UP TO 100% OF
Better splits can sound great, but remember that 100% of nothing is still nothing!
So, eXp gives you everything you need to help you succeed, including the tools, the support and the platforms to help you make what you want to earn and then keep more of it.
You get to keep 75% of the first NZ$140,000 GCI you make every year. Everything over NZ$140,000 you keep 100% for the rest of your anniversary year.
NZ$140,000 is the "CAP". But what does this mean?
Cap is where eXp believes that its agents work hard, and you deserve the rewards for your hard work. So, once you reach the Cap (NZ$140,000 GCI), you're no longer required to pay a split to the "Office".
You'll be at 100% Commission until the end of your anniversary year. So, whether you're on a 40%, 50%, 60% split or more, this can make a massive difference to your income earnings.
With other real estate models emerging, even the most modern real estate platforms still take vast chunks of your commissions until you write over $500,000, $1,000,000 or even $2,000,000+ in sales. It's incredibly prohibitive for most agents.
As eXp New Zealand doesn't have the massive overhead costs you find in most traditional franchise models, they can offer you industry-leading splits.
They can also provide you with unlimited on-demand and live training access for free. Put it all together, and eXp is the vehicle to getting you to close more listings, earn more commissions and keep more of what you make.
Check out our New Zealand 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 NZ$200/MONTH
Significantly reduce your costs of running your business and get everything you need for only NZ$200+GST per month.
This Monthly Cloud Fee includes everything you need to run a successful and profitable real estate business.
You can view this from different perspectives. We would conclude that there is significantly less financial risk involved than being out on your own or working for a franchise model or traditional office. Let's explain further.
eXp New Zealand offers a cost-effective way to access everything you need. One subscription alone, say to a CRM, would cost you more per month, not to mention the hefty initial setup cost. And then they'll have you locked into a 12+ month contract with the provider.
With eXp New Zealand, you get a state-of-the-art CRM, access to real estate portals, prospecting tools, client nurturing, admin support, and much, much more for less than the cost of one subscription.
You may be thinking, how can they do this? It's all about economies of scale.
Like Netflix can offer a better deal to its consumers than Blockbuster, eXp can offer its agents a better deal than franchises or traditional offices.
With 79,000+ agents worldwide, eXp has considerable buying power and can provide you with cheaper fees to access everything you need.
And if the ridiculously affordable price isn't enough for you, it gets better. There are no lock-in contracts. Yes, 30 days' notice, and you can leave.
Who would offer that, you may ask? A company that's so confident in its offering and believe it's the best out there!
Another great thing is that your database is also yours. eXp realises that you have a relationship with your contacts. So, you own it, and you take it with you. Your listings are also yours, and you get to take them with you too.
eXp, in a nutshell, is a powerful vehicle for you to run your business and provide you with everything you need.
Generally, in real estate, the cost of doing business can be pretty prohibitive. Desk fees. Franchise fees. You have to pay for any upgrades you want, often without significant buying power to back you. And that's in addition to your split to the office.
It can start to add up quickly, and you have to wonder what you're getting in return for all the fees and the split you have to hand over to your office.
Instead, why not get access to everything you need (and much, much more) for one very low Monthly Cloud Fee. And then receive all the support and training you want for free to back you up and ensure your success.
Learn more about some of the business and growth tools included in your eXp Monthly Cloud Fee:
- Watch Videos on the Business Tools included in your eXp Subscription and other optional tools
- Watch Video on the the Costs of Running an Agency | Traditional - Independent - eXp
MULTIPLE STREAMS OF INCOME
Through eXp New Zealand’s real estate model, you have the opportunity to set up multiple streams of income.
Income from sales, shares and revenue share.
You’ll be able to plan your exit strategy for your retirement by building your business and growing your empire using eXp’s model.
eXp gives you more opportunities to earn more. It allows you to be yourself, with your brand, with unlimited access to training, support, and brilliant marketing.
You can grow your business, make it your machine, get more sales (if that's what you want) and keep more of your hard-earned income.
SHARES & EQUITY OPPORTUNITIES
By joining eXp New Zealand you can earn shares in a publicly listed company – eXp World Holdings (NASDAQ: EXPI).
eXp is more than just a real estate business. It’s also a tech company.
And a leading one at that!
Our founder Glenn Sanford was an agent with a tech background. He feels that agents do most of the work and should be rewarded as such.
Glenn believes that the company wouldn't exist without the agents, so they deserve to own part of it. This belief was put into action, and now eXp agents can get rewarded with equity in the company just by doing what they do every day – selling real estate.
There are five ways in which you can earn equity and ownership in eXp:
When you settle your first sale, you will receive NZ$250 in shares.
When you Cap, you will receive NZ$500 in shares.
When you ICON, you will receive up to NZ$23,500 in shares.
When you introduce another transacting agent to eXp, and they join, you get rewarded for your contribution to growing this fantastic company. You get a stock award from their first transaction of NZ$500.
The last way is the Agent Equity Program. This is equity shares in the form of a banked Commission of 5% on a Trading Discount of 10%.
Most financial managers will tell you that a reasonable expectation from a medium risk investment is around a 10% return in the first year.
With the eXp agent equity program, you can allocate 5% of your commissions to purchase eXp stock at a 10% discount. So, forget 10% in the first year. How does a 10% return on the first day of owning the stock sound?
The agent equity program is a voluntary program that you can easily opt-in and out of.
To be eligible for eXp New Zealand ICON Status, you must meet the following requirements.
Reach your Annual Cap of NZ$35,000; and
A minimum NZ$12,500 Post-Cap Transaction Fees Paid
Achieve an Annual GCI of NZ$750,000 (minimum ten closed transactions); and
ICON Qualifying Fee is equal to NZ$12,500 less capped status fees paid.
After qualifying for ICON Status, the ICON Agent Stock Award gets awarded as follows.
NZ$15,000 will be received at ICON status with a 3-year vesting period.
NZ$4,250 will be received when you participate in being an ICON trainer for eXp New Zealand inside eXp World (minimum of six sessions) with a 2-year vesting period
NZ$4,250 will be received when you take part in ICONversations, ICON Team Talks and ICON Masterminds and with no vesting period.
So, by providing training and helping fellow agents, they and you will both benefit greatly.
eXp has had exponential growth and has gone from being a penny stock to being publicly listed on the NASDAQ. In 2020 it even underwent its first stock split (just like Google, Apple and Amazon did).
So, the moment you settle your first transaction with eXp, you will become a part-owner in the company, thanks to your shares.
Some of these shares will be vested for up to 3 years, and others you can sell on the day you get them. Regardless, you are getting these shares at no cost to you.
Whether they go up, down or do nothing, you will have more than when you started. It's just another way that eXp is helping its agents to grow wealth.
Learn more about and watch video on eXp's equity opportunities.
Some companies have profit sharing and will let you share in their profits.
This means that you could get a small cut of the company profits at the end of the year. BUT only if they make money.
In New Zealand, this is largely unheard of in real estate. But in places like the USA, a few companies offer this to their agents.
The most well-known of these companies is Keller Williams – one of the biggest real estate brands in the United States.
What eXp New Zealand offers its agents is a cut of the company's revenue, NOT profits.
So, if you contribute to the company's growth by introducing one of your real estate agent friends to eXp and they join, the company will reward you for your contribution in the form of revenue share.
The revenue share you receive will depend on that agent's sales production.
You can receive up to NZ$4,900 in revenue share, which is 3.5% of the gross commission up to the Cap of NZ$140,000 GCI, for each agent you refer into eXp New Zealand.
And, as long as sales requirements are satisfied, and both you and the agent you refer into eXp remain active agents within eXp, you will continue to get paid this revenue share year after year.
Revenue share also doesn't reduce the agent's commission, as it's paid out of eXp's percentage of the split they receive, NOT the agent's.
For example, you introduce an agent and earn 3.5% of the GCI to a maximum of NZ$140,000 = NZ$4,900 per agent each year. And this is provided that the agent remains with eXp New Zealand.
This means that so long as the agent is transacting within eXp, the company will pay you a small portion of the revenue they receive from its company dollars and does not affect the agent's income whatsoever.
There's also no limit to this. So long as the agent remains a transacting agent, eXp will continue to pay you revenue share, year after year after year after year. This can really add up!
You can also earn revenue share from the sales production of the additional agents referred to eXp by those agents you personally brought into eXp.
What this means is, if you enrol a transacting agent and they love eXp and introduce a friend of theirs about it, and they join, you will be paid revenue share from company dollars for their production as well.
Let's say you personally sponsor five transacting agents into exp. And those agents meet the sales requirements to be included as qualifying agents in terms of revenue share.
Now, suppose they too refer and sponsor their own transacting agents to eXp, who also do the same. You're eligible to earn up to NZ$5,600 each year for the sales revenue of each of those added agents. And this amount is ON TOP of the revenue share of NZ$4,900 you already earn from the transacting agents you've referred personally.
It's a 7-tiered cascading revenue share model which allows the company to thank you for your contribution over and over again.
This also encourages agents who want to build their own team and help other agents to take the focus off themselves. It enables them to share with others, assist in their success, and grow the company by bringing in other skilled agents.
Learn more about revenue share for entrepreneurial agents and cascasding revenue share.
eXp New Zealand offers excellent rewards and incentives to its agents for the achievement of set milestones within the company.
The eXp real estate business model is the only one of its kind. You get to keep 100% of your hard-earned commissions upon qualifying each year, AND you've got additional opportunities to be rewarded with company stock and other bonuses.
You get awarded with stock in eXp World Holdings when you join eXp New Zealand and after your first settlement from a property sale.
You'll also be rewarded with stock awards when you reach your NZ$140,000 commission cap and when an agent you've introduced to eXp joins and settles their first transaction.
The best stock award of them all is the ICON Agent stock award. Top-producing agents who meet the ICON award criteria will receive up to NZ$23,500 worth of stock every year in which they achieve the ICON award.
eXp New Zealand will also invite you to become part of the Agent Equity Program. This voluntary program gives eXp agents the benefit to purchase shares in the company at a discounted price.
In New Zealand, eXp allows its agents to take 5% of their commission and buy EXPI stock at a 10% discount.
So, from when you settle your first transaction, you become a shareholder in the company. And by just doing the job you do every day, you'll get rewarded even more for your efforts.
REAL ESTATE TRAINING
LIVE & ON-DEMAND
Are you tired of paying large amounts of money to get access to quality real estate training?
This includes the sometimes 30%, 40% or even 50%+ you give away to your office in commission splits.
Now you can train where, when and how you like.
And guess what? You get it all for free when you're with eXp New Zealand.
eXp places a high value on its agents' training and personal development, so the company established its virtual eXp University with numerous Auditoriums.
When you join eXp New Zealand, you will get access to eXp World. This world allows you to walk in with your customised avatar and attend weekly live training. And you're able to do this from the comfort of your home office or anywhere you have internet access.
You won't get that all too familiar "Zoom fatigue" as you're not on camera in eXp World. Your avatar represents you.
With over 50 hours of training and professional development sessions added to the eXp University every week and experts in all areas of real estate sharing their knowledge, you won't be short for choice.
You can receive free training from national coaches and real estate trainers, participate in group workshops and masterminds, and learn from guest speakers worldwide.
It really is an incredible experience, and eXp agents are lucky enough to access such a training environment where you can have someone from New York teaching a class one day and then Auckland the next.
The best part is that the agent or coach providing the training isn’t trying to hold back in any way.
They’ll tell you everything about their local market and are happy to share their exact strategies and what they’re doing to succeed.
This is one of eXp's major differentiating factors that sets it apart from all other real estate companies – this is a big plus for many eXp agents.
Another considerable benefit of eXp World is that it allows virtual meetings and unlimited access for eXp agents to online training. So, if you can't make it to a meeting or a conference, don't worry. You can attend virtually. You won't miss out.
You can learn where, when and how you want. It's truly game-changing.
Up-to-date training from some of the most successful agents within eXp is also accessible by agents. You can tune into the weekly ICON series and hear from agents in your local area or country on the strategies they're using right now to win business, overcome obstacles or just on how to do things differently.
As part of their ICON award, you know you're learning from the best as these agents have to meet specific production/performance requirements and cultural criteria to train other agents.
Watch live training or even catch up at your leisure, day or night. And if you have a problem, there's more than likely someone that has training on a solution.
Access to the virtual office can be quickly gained by logging into eXp World from your computer.
Alternatively, a mobile app allows agents to access eXp World straight from their phones. It takes all the hassles from driving to and from an office or training room for meetings, conferences or training sessions. You'll be able to listen and participate in classes, all whilst sitting in your car or at a coffee shop.
The Self-Help Room in eXp World is another place agents can access business-ready guides, training and checklists. Again, they are making it simple and easy for agents to get what they want when they want.
It's all part of eXp's support systems set up within the company to help you succeed. Because everybody in eXp wants to see you succeed. You'll get to experience collaboration as you've never seen before in the industry. It's just unheard of in real estate.
We also have training and guides on using the technology that comes with your eXp subscription. So we can show you the best ways to use it to its most whole—showing you how to automate follow-ups and leverage off new and existing listings. And also how to get the most out of your contacts to leverage your learnings into practice.
As part of One Great Force™, if you choose to partner with us, you’ll also get additional access to our follow-up trails in text, email, letter, social, email and calls, proven to get results.
These resources will help ensure that you never miss another listing again.
We'll teach you how to maximise the return you get from the sales you make through the actions you need to take.
Check out all the other additional benefits, training materials, courses and portals
you will gain access to as part of One Great Force™. You can also watch our Video on Follow-up Trails and their importance.
Most of the live training classes at eXp Realty are recorded. So, if you're a busy agent and cannot attend a specific session that you're excited about, you can replay it at a time that's suitable for you. It's a beneficial resource pool for eXp agents.
You can pull up the recordings and listen to them anytime via eXp Expressway, even if you're in the car driving to a client meeting.
There's also an array of "how-to" training videos created by the technology team at eXp. These give you a clear step-by-step guide to all the different aspects of running your real estate business.
The other thing is, a lot of the times, when you attend a training seminar or conference, you get so excited about what you've just learned, but by the time you get around to being able to implement it a few weeks later, you've already forgotten over 70% of what you learned.
Because eXp records the training, you can go back and access these recordings, which can significantly impact your business.
Watch Video on ICON and On-Demand Training
Watch Video on Agent Hub Demonstration
eXp provides its agents with revolutionary technology and systems to support efficiency and handle more business (if that's what you want).
Sometimes it can be overwhelming to list and sell more, and some agents are unsure of the steps or processes to implement.
That's where eXp steps in.
eXp has 1,000+ people in the cloud ready to assist its agents with everything. There's also eXp World and Workplace by Facebook, where you can access other agents and even Heads of countries and the CEO. All are willing to help you and see you succeed.
Upon joining eXp New Zealand, you'll receive an eXp Passport that grants you access to numerous tech benefits, including eXp World.
eXp World gives agents the convenience of meeting "in-world" with other eXp colleagues, attending seminars and classes, networking with other agents and gaining real-time access to support assistance and training. Using your eXp Passport, you can log in to eXp's cloud campus at any time and from any location.
In short, eXp World is our workplace of the future. Being cloud-based, eXp World is something you need to see and experience to understand how great it is!
Then there's eXp's Agent Hub, where you can find all the essential applications and resources located in one convenient place.
The eXp New Zealand real estate model is set up with scalability in mind. We have agents in eXp who choose to sell anything from 1 home per year to 100+ homes per year. We have sole operators and agents who choose to have a Personal Assistant or even a team. The choice is entirely yours.
If you don't currently have the support to scale your business to the next level or feel that you need to put someone on, eXp gives you the tech, tools, and support to scale your business and make this happen—all without the hassle.
You might already have a team that works well together, and you want to bring them along with you to eXp. With all the access to our systems, tools, and upgrades, you'll have the tech working for you.
Spend less time doing those labour-intensive jobs you may not enjoy, including cold calling and door knocking. Instead, let the systems provided by eXp work for you. So you can focus your energies on listing and selling real estate and increasing your income. The result is increased freedom and a better lifestyle.
The technology and systems at eXp also reduce labour-intensive follow-ups. They ensure you're speaking to the right people at the right time with less guesswork.
Watch Video on How our eXp agents can list and sell 50+ properties per year with only one agent.
What can we say? The collaborative culture within eXp is infectious.
Enjoying platforms such as Workplace by Meta (Facebook) further encourages more of this collaboration.
It's a very simple-to-use platform for business that looks and acts just like regular Facebook.
Although it's a lot like Facebook, it's built specifically for the world of work. Within this platform, agents share their success strategies, keep up-to-date with company news and events, share and receive referrals, and so much more.
Essentially, think Facebook, but for the workplace. And it's downloadable on both computer and mobile devices.
It makes it so simple to keep in touch with one another with real-time information on what's going on within the company. You'll have the ability to converse and collaborate with agents at all levels in all countries.
By design, eXp encourages agents to help and support one another. Reach out with a question, and an available agent will happily assist in any way they can.
Most agents within eXp realise that a rising tide raises all ships. So, being owners of the same company, why wouldn't we all support each other and give feedback to help out?
At eXp, we even have annual eXpCon and Shareholder Summit conferences that help build team culture, socialisation and encouragement. And, you're able to 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 also worried about compliance and the liability risks of running a business.
And rightly so.
With eXp New Zealand, we ensure that your contracts and agreements are compliant for all transactions.
We also have a Broker of Record and a National Compliance Manager to take unnecessary stresses away from you. Your efforts can focus on doing what you do best – selling real estate.
Most agency owners can agree that one of the most significant stressors in real estate is Trust Account management and compliance. It's an intricate business and an expensive one at that. And if done wrong, it can result in hefty fines.
You can rest easy knowing that your trust accounting and transaction receipting and disbursements are done for you. So, you can just focus on listing and selling property and enjoying your increased income and profits.
Watch Video on How eXp ensures all your business compliance requirements are met.
ADMIN & TRANSACTION SUPPORT
There’s local staff in eXp New Zealand and 1,000+ staff in the cloud.
And they're all ready to assist you in all aspects of your business.
We want to ensure you can navigate through everything you need to run your business from end-to-end successfully.
The bottom line. You don't need to be able to know how to get a sale from listed to sold when it comes from an admin perspective. There's training and support provided to guide you through.
By using your Passport in eXp World, you will also have access to over 1,000 cloud-based support staff and employees at your fingertips, ready to help you. Specialist staff in IT, Finance, Accounting and other support staff whenever you need help. All in one centralised and easy-to-use platform.
There's also no need to worry about transaction management. This service is provided to eXp New Zealand agents at a very reasonable NZ$500+GST per settled transaction.
So, you won't need to 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
As eXp is a cloud-based real estate company, it’s essentially “pandemic-proof”.
It provides its agents with tech to run a real estate business as you've never seen before.
We're also constantly seeking better ways to operate our business more efficiently.
This means that it ensures that your business will remain as "pandemic-proof" as possible moving into the future as well.
This efficiency type also means that you'll enjoy industry-leading technology solutions to enhance and grow your business.
eXp has even created its own state-of-the-art Virtual Office Space and Workplace for its agents in the form of eXp World. And a Virtual University with a training library that gets added to at a rate of 50+ hours weekly.
This means that you'll always be at the forefront of the industry and ever-ready to pivot your business if something unexpected happens.
NO LOCK-IN CONTRACT
& OWN YOUR OWN DATA
Very rarely is there a real estate company that’s so confident in their offering that they won’t expect you to lock yourself into a contract for any period of time.
The eXp New Zealand offer is so great it’s unlikely that you’d choose to leave once you experience the difference.
You have the freedom to be your own brand, all whilst experiencing the support, technology, collaboration, freedom, wealth and fun of being a part of eXp.
However, we don't believe in keeping you somewhere you don't want to be any longer than you have to. So, your subscription to eXp is not subject to any kind of lock-in contract or minimum time frame.
If eXp is not for you, then we would be sorry to see you go, but we wish you all the best on your way.
In the unlikely event that you decide to leave eXp, you can take your database and all your contacts with you.
eXp acknowledges that sellers list with the agent and not the company. So, you own your own database. It's yours. It's as simple as that.
Watch Video on eXp's No Lock-in Contract & Owning Your Own Database.
LESS FINANCIAL RISK
& MORE REWARDS
By joining eXp, you have less financial risk than if you were to go out on your own and rely wholly on yourself.
You don't need to commit yourself to expensive and lengthy real estate subscriptions. With so many providers you need to run your real estate business, it can get pretty costly.
We go as far as to say that it's even less risk than going with a franchise and less risk than you staying in your current office.
At eXp New Zealand, you have a low, once-off setup fee of NZ$400+GST and just NZ$200+GST ongoing monthly Cloud Fee that gives you access to everything you need and more than you probably currently have.
You get a 75% split of your first NZ$140,000 GCI and $100% for the remainder of your anniversary year.
Then there's a low-cost transaction and settlement management of NZ$500+GST per settled transaction.
Finally, a $NZ1,250 + GST Marketing Reimbursement gets paid back to agents upon property settlements. This injection of funds helps agents to be able to invest back into their business. They are getting better exposure for their listings and assisting them in building and marketing themselves.
If you choose to partner with us, you also have free access to some of the industry's most successful agents, sharing proven systems and tools provided through One Great Force™ and The Hardens™. Top-performing agents will share exactly what they're doing that is currently working in the market.
What we've come to learn over the years is that transactions don't give you freedom.
Instead, we'll teach you how to build a successful and, more importantly, profitable business that requires less of your time. Indeed, if you want more transactions, we can teach you how to get them. But transactions aren't what gives you freedom.
We have a saying in the industry "You can't take transactions to the bank". If you keep transacting more and more, that's just a treadmill. Most people are after freedom, which is the ability to choose what you want to do with your time.
If you take on too many transactions, this results in less time and more responsibilities. So, what we focus on is being able to run a successful and profitable business, allowing you the freedom of what to do with your time. This is paramount.
Unlike most other companies, eXp is a company that is designed with an exit strategy in mind.
You're also given the opportunity of ownership equity in a publicly-traded company. You can get a share of the revenue in the company you own a part of and are helping to build.
eXp is a company that says; we know those good agents know other good agents they'd like to work alongside. So, let's share the revenue with those agents who are helping to grow the company. After all, all real estate companies are effectively recruitment companies.
The rewards to eXp agents come in the form of freedom, with your time, your branding and your location, and 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.
And if you decide that eXp is not for you, you don't like it, or you don't want collaboration and support. Then you can leave, taking your database with you and no exit fees, as you're not locked in.
It's straightforward and transparent, and completely risk-free.
BE YOUR OWN BRAND
eXp wholly supports the agent's decision to be able to present a personalised brand.
It further recognises that successful real estate agents build their careers on their personal networks, knowledge and integrity.
Together, we leverage the latest technology to grow an international agent-owned and publicly-traded company.
You are further leveraging eXp and social media to build your brand. You can use your own brand. And access all the tools you need to become the go-to agent in your area.
Potential clients will feel like they already know you, they'll like you, and as a result, they'll trust you. It becomes a much easier close, and it's certainly a great feeling.
If you choose to partner with One Great Force, you can also get this happening more often with our social media and posting calendars and advice. Helping your community to get to know who you are, setting you apart and having leads coming to you as a result because they like you!
After all, they're not listing with your office. They're listing with you.
Gone are the days of relying on a corporate brand to get you through the door to get a listing.
There's no valid reason to give up your identity or the brand name you've built. Instead, you can just use eXp and its systems, tech, tools and resources to leverage your own brand.
People list with people, and when you show your authenticity, they will see it and come flocking. We just help you to show the world who you are.
The great thing is that you don't need to be a social whiz. Our simple steps help you set and forget, for the most part, letting people get to know the real you.
In terms of branding, you can use eXp's branding, co-branding or go with your own branding.
There are obviously specific compliance requirements that you need to meet. For example, a commission-only employee will need to remain eXp branded.
If you're a sole trader, independent contractor, or you have a company, you can choose to be co-branded or just use your own branding. The choice is all yours.
And even if you change your mind in the future, you can choose to change your branding or rebrand over time. It's really flexible.
In this ever-increasing world of reality TV and social influencers, we all know that sellers sell with the agent and not the brand. So let us help you show the world the real you and make yourself your own brand!
Watch the Video on Branding to learn more about eXp's branding options.
BE YOUR OWN BOSS
There’s no reporting to a Franchise Owner or Director.
You are your own boss. However, you’ll also have all the help and support you want or need.
If you have an urgent question, you no longer have to wait until the boss has finished a meeting or appointment to get an answer.
You won't get told that you need to come back the next day because they’re out playing golf.
If you have a question, there's a wealth of knowledge available from people in eXp World, Workplace or your Broker of Record to answer it for you. No longer will you need to wait forever and a day for your answers.
No one is looking over your shoulder and checking their watch, questioning where you've been or pressuring you because you haven't listed a new property on the board for three days.
We have the training and weekly meetings to help you learn and keep you motivated if you choose to attend. Some are virtual, and some are in-person. Or you can even buddy up with another agent in eXp as an accountability partner.
Essentially though, you are working for yourself, completely reaping the benefits of your hard work. You're no longer lining the pockets of a franchise or franchisee.
Now that's something to celebrate!
Watch Video on Traditional Office Environment vs Agent-Centric Environment
WORK WHERE, WHEN
& HOW YOU WANT
There’s no need to be constrained by bricks and mortar.
You've probably realised that we don't need offices in this current climate. Our office is the car, the living room or a café.
And those with offices may have realised an office can be more of a liability than an asset.
But if you do want to have a meeting in a physical office, then eXp can provide this. With your eXp subscription, you also get a membership to the Global Regus Network of Offices.
There are many to choose from worldwide, with 17 located throughout New Zealand. Regus provide you with a staffed, professional environment where you can choose to work or hire a boardroom for a particular client meeting if that's what you need.
Regus offers beautiful workspaces that are much nicer than most office environments. And they all come complete with free wifi and coffee.
With such a significant focus on innovation, eXp New Zealand is changing how agents and clients work together.
It's time to say farewell to traditional real estate. eXp is taking collaboration to new heights. It's brought real estate to the next level through its one-of-a-kind cloud-based office environment.
No more office commutes or waiting for much-needed support. There is no need to sit in hours of traffic, as your commute can be as short as a walk down the hall.
Agents in eXp New Zealand are inherently mobile, and you have the flexibility to work your way - anywhere, anytime.
eXp's unique cloud-campus environment also allows for shared learning and collaboration for its agents from any location in the world. As an eXp agent, you'll have over 50 hours of live training on offer every week, and you can tune in to virtual classrooms led by industry-leading real estate experts.
There's also no minimum GCI amount you need to earn in eXp. Okay, so each country has 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're here to support you with as many or as few transactions as you want to do.
You're a Mum returning to work with your kids at home and want to work a few days a week. You can do it.
Maybe you want an easy-going life and plan on listing and selling one per month. You can do it.
Or, let's say you're a gun and want to be a million-dollar agent. We have the systems and processes you need and will help you do it.
Set your goals for your income and lifestyle, and you'll have all the necessary tools to achieve them. After all, we believe it's your business, income, life, and way.
So, work as many or as few days and hours as you want. It's your choice.
Sick of working for a place that tells you how you should run YOUR business. You're made to think that it's your own business, and then they take a considerable chunk out of everything you make, ask you to set goals that serve their needs (not yours) and then make you feel bad if you aren't keeping up with their expectations of what you should be making them?
If this is your current situation, then we need to talk!
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 to best transition into eXp and benefit no matter what your situation.
And if you'd like to build a team without the headaches, we can show you how as well.
eXp New Zealand gives you the model to be able to build a team of agents without any of the limitations of geographical location, provision of systems and tools or legal oversight.
How would you like to be able to build a team of your own and be financially rewarded for contributing to the company's growth?
eXp provides you with a share of the revenue which your team produces. All whilst eliminating the hassle of traditional staffing problems and the constant worry of losing agents to someone else's chequebook.
By partnering with One Great Force in eXp, we'll provide you with all the resources to grow your real estate team. You'll also be invited to 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’ll share with you proven strategies to build your very own perpetual income-producing machine.
We'll show you how you can get all the wealth, freedom and time to enjoy with your family and the lifestyle that you desire.
And it all starts with your decision to join eXp New Zealand and parter with One Great Force to take your real estate business and your life to the next level.
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
Thank you for taking the time to read more about eXp New Zealand and what it offers to real estate agents. We're excited at the prospect of you partnering up with us at eXp New Zealand 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 New Zealand, 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 New Zealand, you can rest assured that you'll be supported throughout the complete process and into your future.
Are you ready to partner with other successful eXp real estate agents and join eXp New Zealand?
EXP FAQ'S ANSWERED
Find answers to frequently asked questions about eXp.
EXP COMMISSION CALCULATOR
Find out the difference in your income under eXp New Zealand's Capping model and what it could mean for you. FIND OUT MORE