eXp Realty has always been a great place for real estate teams. Sage & Cedar loves hosting our team here. It gives us the chance to stand out from the crowd and have a unique voice, all while having the support of an international brokerage.
Here are a couple of ways to structure your team at EXP Realty that will not only help you grow and expand your reach, it will also help your bottom line!
01. Traditional Team: This team format is the most common in the real estate industry. At eXp, the team leader has a $16K cap (with an 80/20 commission split) and the agents on the team have a half cap of $8,000. The agents on the team pay a minimum commission split of 75 / 25 to the team leader for all of their transactions in addition to contributing to their annual eXp cap.
02. Mega Icon Team: If you have a large team with 10+ agents, the Mega Icon Team structure at eXp Realty is an incredible option. Each agent on the team has a quarter cap of just $4,000 and like the traditional eXp team model, the team leader’s commission cap remains at $16,000.
If you’re tired of the old model of real estate business where you have to bend over backward to make consistent money, we’ve got your back!
03. Self-Organized Team (Sage & Cedar’s model): This eXp Realty team format is quite common with real estate agents who are just starting a small team or partnership. Under this structure, all of the agents in the “group” pay the regular $16,000 annual cap (80/20 commission split) and there is no minimum commission split that needs to be shared with the team leader.
Want to know more about the benefits of bringing your team to EXP Realty? Click here to inquire about moving from the old & stale model of brokerage to the modern version.