What Is eXp Realty? Your Ultimate FAQ Guide for Agents

Key Points:

• Cloud-based global brokerage with 80/20 commission split (caps at $16k/year → 100% earnings post-cap).
• Revenue share (7 tiers) + stock ownership (5% discount) for passive income/wealth-building.
• $85/month fee covers tech (CRM, AI tools), mentorship, healthcare, and Regus offices.
• 24/7 support via live experts/AI + award-winning training programs.
• Unique perks: My Link My Lead gen, luxury/iBuyer programs, referral division.
• SEC-compliant model focused on agent success (no pyramid scheme).

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What is eXp Realty? Oh, just the question that’s launched a thousand Facebook threads and at least one heated group chat argument. You’ve heard the buzz—stock awards, revenue share, work-in-your-pajamas setup—but trying to get a straight answer can feel like decoding your client’s “we’re just browsing” phase.

If you’re tired of the vague hype and recruiter jargon, you’re in the right place. Because while eXp Realty is different, that difference comes with some real perks—and yes, a few quirks.

In this no-fluff breakdown, we’re unpacking what eXp Realty actually is, how it works, and whether it’s the kind of brokerage that can level up your career or just level your patience.

Here’s your handy-dandy index:

Understanding eXp Realty

What is eXp Realty?

eXp Realty is the industry’s leading cloud-based brokerage, revolutionizing real estate with cutting-edge marketing, a fully immersive metaverse for agent collaboration, and unmatched financial opportunities. Unlike traditional brokerages, eXp provides agents with the flexibility to work from anywhere while still benefiting from live support, top-tier training, and a powerful network of professionals.

More than just a brokerage, eXp empowers agents as business owners. With an agent-centric commission structure, stock ownership, and revenue-sharing model, eXp helps agents build long-term wealth and financial independence. In 2024 alone, eXp returned over $220 million to its agents through stock awards and revenue share. Agents can also purchase company stock at a 5% discount using 5% of their commissions, ensuring they have a stake in the company’s growth. At eXp Realty, agents don’t just work in real estate—they build their future.

When Was eXp Realty Founded?

Founded by Glenn Sanford, eXp Realty has grown into a major force in the real estate industry, redefining the traditional brokerage model with its cloud-based, agent-centric approach. eXp Realty is publicly traded on NASDAQ (EXPI) and has continually expanded its offerings, launching eXp Commercial, eXp Global, eXp Luxury, and the eXp Referral Division.

Year after year, eXp Realty has achieved remarkable milestones, attracting thousands of agents worldwide and cementing its position as one of the fastest-growing, most innovative real estate companies. With sound management and a pioneering vision, eXp remains the only publicly profitable real estate brokerage over the past five years. Its profits enable eXp to continually support agents with new tools & resources, reinforcing its motto as “the most agent-centric brokerage on the planet.”

Is eXp Realty International?

eXp Realty operates in 27 countries, including all 50 U.S. states, Canada, the U.K., Australia, and beyond, making it a truly global brokerage with international advertising and reach. When eXp claims to be an international company, it delivers—providing agents with access to cross-border networking, referrals, and worldwide market exposure.

This expansive presence makes eXp Realty a top choice for agents and clients alike, offering seamless collaboration across multiple markets. In the U.S., its rapidly growing agent count highlights its strong national footprint and commitment to accessibility, reinforcing its position as one of the largest and fastest-growing brokerages in the world.

What are eXp Realty Reviews?

eXp Realty consistently ranks as one of the top-rated brokerages based on anonymous agent reviews. With a Glassdoor, it holds the highest ranking among major real estate companies. Why?

• 93% of exp agents would recommend eXp to a friend
• 96% approve of the CEO
• Recognized as a Glassdoor Best Place to Work eight years in a row, holding the number 7 spot for 2025.

Agents praise eXp for its strong commission structure, revenue-sharing model, stock ownership opportunities, cutting-edge technology, and industry-leading training. The brokerage’s flexibility and agent-focused model make it a standout choice.

With exceptional ratings, financial benefits, and innovative business support, eXp Realty is the most highly recommended brokerage in the industry.

Is eXp Realty Profitable & Why Does it Matter?

Yes, with eXp Realty stock (stock symbol EXPI), eXp Realty’s financial position is completely transparent. eXp Realty is the most profitable publicly traded real estate brokerage, with 75% of its quarters being profitable, outperforming all major competitors. Unlike traditional brokerages that struggle with high overhead costs and shrinking profit margins, eXp’s cloud-based model keeps expenses low, allowing for greater financial stability and agent benefits.

Why does it matter?

• More Resources & Tools – Profitable brokerages can invest in cutting-edge technology, training, and agent support. Unprofitable ones cut resources, limiting agent growth.
• Stable Business Model – eXp’s strong financial health means agents don’t have to worry about sudden changes, office closures, or brokerage failures. Traditional models with high expenses face an uncertain future.
• Better Agent Earnings – Unlike struggling brokerages that raise agent fees or lower commission splits to survive, eXp keeps its agent-friendly structure intact, ensuring agents earn more while keeping costs low.

What Awards Has eXp Realty Earned?

eXp Realty consistently earns tons of prestigious awards highlighting its commitment to excellence and agent satisfaction. As an example, January 22, 2025, eXp Realty was ranked No. 7 on Glassdoor’s “Best Places to Work” list for 2025, marking its eighth consecutive year.

Additionally, in the 2024 RealTrends 500 report, eXp Realty secured the top position in five categories, including Transaction Sides, 5-Year Top Movers (Sides), 5-Year Top Movers (Volume), Best Brokerages, and Public Independent.

Is eXp a Pyramid Scheme?

A pyramid scheme is an illegal business model that relies on recruitment instead of selling a real product or service. Participants make money by bringing in new members rather than through actual business transactions. These schemes are unsustainable because they depend on an endless supply of recruits, eventually collapsing and leaving most participants at a loss.

eXp Realty is NOT a pyramid scheme. It is a legitimate, publicly traded real estate brokerage where agents earn income primarily through real estate transactions, not recruitment. While eXp offers a revenue-sharing program, it is optional and paid from the company’s revenue, not from agent commissions. Unlike pyramid schemes, eXp does not require agents to recruit to make money—its success is built on real estate sales, not recruitment fees.

With clear financial transparency, legal compliance, and a proven track record in real estate, eXp Realty operates as a sustainable, agent-focused brokerage—NOT a recruitment-driven scheme.

Financial Structure at eXp Realty

What is eXp Realty Commission Splits?

At eXp Realty, agents start out with an 80/20 commission split. This allows agents to keep 80% of their commissions, with the brokerage keeping 20%. This financial structure is overwhelmingly advantageous to agents, allowing them to take home a larger percentage of the earnings on every sale. Even better is the cap – more on that below.

Many traditional brokerages have way worse splits, usually around 60/40 or even 70/30, which makes eXp’s model very enticing. This division incentivizes agents to increase their commissions. It attaches their success directly to their efforts by guaranteeing them greater retention from each deal.

What is eXp Realty’s Commission Cap?

Yes, agents at eXp Realty operate under an 80/20 commission split until they reach an annual $16,000 cap—meaning once an agent has paid $16,000 to eXp, they keep 100% of their commission for the rest of their anniversary year. This structure allows high-producing agents to maximize earnings and significantly increase their take-home pay.

Additionally, eXp offers reduced caps for team members, providing team leaders with financial leverage to scale their business. By building and leading a team within eXp’s model, agents can increase profitability, support their agents’ growth, and create a more lucrative long-term strategy.

How do eXp Realty Agents earn 100% Plus Commission?

At most brokerages, agents never earn more than their commission split allows. But at eXp Realty, top-producing agents can earn back their cap and even exceed 100% in total earnings. This is possible through the eXp ICON Agent Program, which rewards high-performing agents with company stock—essentially allowing them to earn their $16,000 cap back and more.

Here’s how it works: All eXp agents cap at $16,000—meaning after hitting their cap, they keep 100% of their commissions for the rest of their calendar year. eXp agents also earn stock awards.  They earn $200 in company stock for their first transaction each year. Capping agents earn $400 in company stock. Qualifying ICON Agents earn up to $16,000 in eXp stock, effectively reimbursing their cap and pushing their earnings beyond 100%. Additional revenue-sharing opportunities also allow agents to build wealth beyond traditional commissions.

What are eXp Realty Fees?

eXp Realty offers a low-cost, transparent fee structure that makes it an attractive option compared to traditional brokerages. Agents pay a one-time startup fee of $64 and a flat $85 monthly fee (so $149 total for an agent’s first month), which covers all essential services, training, and technology tools—resources that could cost up to $1,100 per month elsewhere.

In addition, eXp charges a $60 per transaction risk management fee for E&O insurance, which is capped at $750 annually, and a $25 broker review fee per transaction. Unlike traditional brokerages with complex and costly fee structures, eXp’s straightforward pricing keeps overhead low while providing agents with industry-leading tools and support.

What are eXp’s Transaction Fees?

At eXp Realty, fees are simple. eXp agents pay $85 per transaction ($60 for E&O insurance and $25 broker review) until they hit their cap. Once capped, agents keep 100% of their commission but pay a $250 per transaction fee plus the $60 E&O and $25 broker review fee.

To further maximize earnings, after completing 20 additional transactions post-cap, the $250 per-transaction fee is reduced to just $75. Additionally, the $60 E&O fee is capped at $750 per year.

Productive eXp agents pay just $100 total for transaction fees once they meet the 20 transactions and the E&O $750 cap. This structure ensures agents can continue scaling their business while minimizing costs, allowing them to earn more while paying significantly less in overhead compared to traditional brokerages.

What is eXp Realty Revenue Share?

eXp Realty provides agents with a powerful revenue-sharing model that rewards them for attracting producing agents to the company. Agents who bring in new agents—called sponsors—earn a percentage of company revenue from their recruits’ production. Importantly, this income comes directly from eXp’s company dollar, not from the agent’s commission. New agents never pay any fees toward revenue sharing.

eXp’s revenue-sharing model is arguable the best in the industry due to its depth and earning potential. Agents earn a percentage from the commissions of agents they directly sponsor (their “downline”) and also from agents those recruits bring into eXp—up to 7 tiers deep. Because of the geometric growth of agent attraction, this model can create exponential income for those who actively build their teams.

What makes eXp’s revenue share program awesome is its long-term wealth-building potential. Revenue share earnings are both willable and continue in retirement, providing agents with financial security beyond their active real estate career.

Additionally, eXp gives agents the freedom to create their own value propositions to attract and mentor new agents. This entrepreneurial flexibility allows agents to build and nurture their teams in a way that aligns with their personal brand and leadership style—something no other brokerage allows.

Does eXp have Desk or Royalty Fees?

No, because eXp Realty operates as a cloud-based, independent brokerage, it eliminates the franchise fees and office expenses that traditional brokerages typically pass down to agents. Without these extra costs, agents keep more of their earnings while benefiting from eXp’s cutting-edge technology and business model.

Instead of physical office locations, eXp Realty is the only cloud-based brokerage that provides a fully immersive virtual office. Through eXp World, agents can access live support, collaborate with other agents, attend training sessions, and even create their own branded virtual office to host clients—all within a fully interactive metaverse.

For agents who prefer in-person workspace options, eXp includes access to over 3,000 Regus shared business lounges worldwide as part of the $85 monthly fee. This gives agents the flexibility to meet clients, work in a professional setting, or collaborate with their teams—without the high overhead costs of a traditional brokerage.

eXp Realty Support for Agents

How do Agents Get Questions Answered at eXp?

At eXp Realty, agents have multiple avenues to get their questions answered:

• eXp World (eXp’s Metaverse): This 3D, fully immersive cloud office allows agents to interact with support staff and colleagues in real-time. Agents can access various departments, attend training sessions, and collaborate with peers.
• Luna AI Assistant: Integrated within eXp World, Luna is an AI-powered chatbot available 24/7 to assist agents with day-to-day tasks, provide real-time answers, and offer help on various topics specific to real estate.
• eXp Expert Care Desk: Staffed nearly 24/7, this service provides agents with assistance on any issue, big or small. Agents can reach this exp Realty Support number at (833) 303-0610, email at expertcare@exprealty.com, or through eXp World.
• Workplace by Facebook: eXp Realty utilizes a private Workplace network, enabling agents to connect, share information, and seek answers from the broader eXp community. This platform fosters collaboration and quick responses to inquiries.

These resources ensure that eXp agents receive timely and comprehensive support, enhancing their productivity and success within the brokerage.

What is eXp Realty’s Training?

eXp Realty offers arguable the most comprehensive and effective training programs in the real estate industry – all at no additional agent expense. Unlike traditional brokerages that provide limited, outdated or pricy training, eXp equips agents with ongoing education, live coaching, and structured programs designed to help them scale their business at any stage without additional expense.

eXp Training includes:

• Live & On-Demand Training – Over 50+ hours of live training weekly from top-producing agents, plus an on-demand library with 400+ courses covering sales, marketing, investing, and automation.
• New Agent Mentorship – Every new agent is paired with a Certified Mentor who provides hands-on guidance through their first three transactions, covering contracts, negotiations, and transaction management.
• GO Curriculum – A structured program for new agents that covers buyer and seller transactions, marketing, branding, and industry fundamentals.
• FastCAP – A prove 6-week productivity accelerator where agents have secured, on average, 3.6 contracts within FastCap’s 6 week period. It is designed to help agents, new and experienced, generate leads, close deals quickly, and maximize earnings.
• KickStart – A 6-week business scaling program focused on building sustainable income, increasing productivity, and expanding a real estate business.
• Exclusive Sponsor Coaching – Some eXp sponsor teams, like Smart Agent Alliance, provide additional social media training, automation strategies, investment coaching, and personalized business support.

How does eXp Mentor Program Support differ from eXp Sponsor Support?

A sponsor is the individual who most influenced your decision to join eXp Realty. This person is named during the application process and is credited with introducing you to the brokerage. While sponsors are encouraged to support new agents, they do not have to provide ongoing assistance and most sponsors do not provide any additional free value. Once a sponsor is designated, it cannot be changed without leaving eXp Realty for 6 months.

The eXp Mentor Program is different. A mentor is assigned to agents who completed fewer than three transactions in the past 12 months. Mentors are experienced, certified eXp agents located within the same geographic area and MLS as the mentee. They provide hands-on guidance through the agent’s first three transactions, offering support in areas such as sales processes, contract writing, and utilizing eXp’s tools and programs. This structured mentorship ensures that new agents build a solid foundation for a successful real estate career.

How do eXp Realty Sponsors Differ?

A lot! Choosing the right sponsor at eXp Realty is one of the most important decisions an agent can make. Not all eXp sponsors provide the same level of value, support, or resources, and since switching sponsors requires leaving eXp for six months, it’s crucial to make the right choice upfront. Key Differences:

Most sponsors offer little to no support – While all agents name a sponsor upon joining eXp or they are assigned one, sponsors are not required to provide training, mentorship, or tools. Some agents choose a sponsor without researching, only to realize they’re not getting any additional guidance or benefits that a better sponsor choice would have provided.

Some sponsors provide mentorship, resources, and exclusive training – High-value sponsors and teams, like Smart Agent Alliance offer extensive support, including customizable marketing tools, business automation, production checklists, weekly coaching calls, social media templates, and YouTube training.

Sponsors with a strong community create more opportunities – Some eXp sponsors, again like Smart Agent Alliance, focus on collaboration and networking, ensuring that their agents have direct access to high-level masterminds, referral networks, and ongoing mentorship. Being part of a strong sponsor team can accelerate an agent’s success and make navigating eXp’s virtual model much easier.

Are eXp Realty Leads Provided to Agents?

Yes, in fact, eXp Realty is the only brokerage with a dedicated lead generation division, Revenos, which provides agents with high-quality, transaction-ready leads. In 2024 alone, Revenos generated over $2 billion in closed sales for eXp agents. eXp lead sources:

• Revenos Programs – Provides exclusive, high-quality leads from corporate partnerships, relocation services, iBuyer programs, REO listings, institutional investors, and more.
• Standard Brokerage Leads – Like other brokerages, eXp also assigns phone-in leads to agents.
• Making It Rain – A paid digital advertising program that helps agents generate their own leads.

Unlike traditional brokerages or third-party lead sources, Revenos leads are exclusive to eXp agents, ensuring higher quality and better conversion rates. Instead of chasing low-quality leads, eXp agents receive referrals from vetted sources, giving them more opportunities to close deals and grow their business.

Want to see a video on the topic? View the video, “Real Estate Lead Generator with Revenos at eXp Realty“, click here.Xp agents receive referrals from vetted sources, giving them more opportunities to close deals and grow their business.

eXp Realty Agent Resources

What Technology Tools does eXp Realty Have?

eXp Realty provides agents with industry-leading technology tools, all included in eXp Realty’s low monthly fee. Here are some:

• CRM System – A top-tier industry CRM that would cost other agents up to $500 per month. Features include client management, drip campaigns, and landing pages.
• IDX Website – Every eXp agent gets an individual, personalized website with built-in IDX functionality to capture and convert leads.
• Skyslope – A $340/month transaction management system that simplifies document tracking, checklists, and auto-filled forms.
• Canva Pro – Provides easy, professional design tools—normally $10/month for non-eXp agents. Plus, eXp’s canva enterprise is loaded with branded customizable automated materials including listing kits, flyers, postcards, brochures, social media posts, single property websites, and more.
• SISU – A $250/month business tracking platform that streamlines transaction management and provides fully branded client portals for buyers and sellers.

eXp Realty agents receive thousands of dollars worth of premium technology and marketing tools. eXp gives agents everything they need to scale and grow their business effortlessly.y.

Does eXp Realty have Physical Offices?

While eXp Realty operates as a cloud-based brokerage with no traditional brick-and-mortar offices, agents still have access to professional workspaces. Through a partnership with Regus, eXp agents can use over 3,000 business lounges worldwide, providing them with flexible office space for meetings, collaboration, or focused work. This benefit, included in their low monthly $85 fee, is valued at $93 per month. It allows agents to maintain a professional office presence without the overhead costs of a traditional brokerage.

This setup gives eXp agents the best of both worlds—the freedom to work remotely while still having access to high-quality office spaces when needed. Whether meeting with clients or simply needing a quiet place to work, eXp’s Regus partnership ensures agents have a professional environment at no extra cost.

Does eXp Realty Have Healthcare Options for Agents?

Yes, eXp Realty offers exclusive healthcare benefits through its partnership with Clearwater Benefits, providing agents with affordable, high-quality coverage. Unlike most brokerages, eXp gives agents access to custom health plans, traditional marketplace options, and supplemental coverage for dental, vision, and disability insurance. Agents save an average of $8,000 per year, with 80% lower out-of-pocket costs and access to a nationwide PPO network, allowing them to keep their preferred doctors.

Most brokerages offer no healthcare solutions, leaving agents to navigate expensive marketplace plans alone. eXp Realty stands out by ensuring its agents have affordable, high-quality coverage with no enrollment deadlines and added benefits like mental healthcare services. This agent-first approach makes eXp one of the only real estate firms actively investing in the well-being of its agents.

Does eXp Realty have a Luxury Division?

Yes, eXp Realty has a dedicated luxury division, eXp Realty Luxury, launched in October 2022 to provide specialized support, marketing, and networking for agents handling high-end properties.

eXp Luxury offers elite marketing resources, global listing exposure, and exclusive branding to help agents attract affluent buyers. Luxury listings are featured in prestigious publications like The Wall Street Journal, Mansion Global, and Robb Report, and gain international reach through 80+ high-net-worth search sites worldwide. With advanced training, private masterminds, and a robust agent dashboard, eXp Realty Luxury provides the tools and global network needed to dominate the high-end market.

What Else is Unique to eXp Realty?

eXp Realty stands out in the real estate industry with exclusive programs and technology designed to enhance agent success, increase lead generation, and create multiple income streams. Here are some of the unique offerings that set eXp apart from traditional brokerages:

My Link My Lead – A Game-Changing Lead Generation Tool

eXp’s My Link My Lead is a patent-pending technology that allows agents to generate leads effortlessly by sharing personalized links to eXp Realty’s national website. Every click is tracked, and leads are assigned back to the agent, even if the client searches outside the agent’s service area. If a lead is from another market, agents can quickly refer it to another eXp agent and still earn a commission. This automated lead capture and referral system gives agents a competitive edge in digital marketing.

eXp Referral Division – A Low-Cost Option for Referral-Only Agents

Unlike other brokerages, eXp Realty has a dedicated Referral Division where licensed agents can focus solely on referring clients to active agents instead of handling transactions themselves. This division allows agents to bypass MLS and Realtor association fees, saving thousands annually. Referral agents enjoy a low monthly fee, stock opportunities, revenue sharing, and access to eXp’s training and network—without the costs of being a full-service agent.

Watch the video, “Make Money in Your Sleep with eXp’s Referral System!”

Watch the video, “Referrals Made Ridiculously Simple: The eXp Realty Magic Trick

ExpressOffers – eXp Realty’s Exclusive iBuyer Program

ExpressOffers is eXp Realty’s in-house iBuyer program, allowing agents to offer home sellers quick, competitive cash offers while still earning full commission. Unlike traditional iBuyers, ExpressOffers provides sellers with multiple offers from a network of investors, helping them choose the best deal. eXp agents also retain the listing when the iBuyer resells the home, doubling their commission opportunities. With Opendoor integration, eXp agents can now provide even more cash offer solutions to home sellers.

Joining eXp Realty

How Does an Agent Join eXp Realty?

1. Choose a Sponsor – When joining eXp Realty, agents must name a sponsor—the person who most influenced their decision to join. Sponsors can provide valuable training, mentorship, and resources, but they are not required to offer support. Since changing sponsors requires leaving eXp for six months, agents should carefully select a sponsor and group that aligns with their business goals. Top sponsor teams, like Smart Agent Alliance, offer custom tools, coaching, and business automation resources to help agents succeed.

2. Submit an Application – Agents complete an online application with eXp Realty, providing proof of licensing and necessary documents. During this step, they will officially name their sponsor. Once submitted, eXp processes the application and sends onboarding instructions.

Why eXp Realty Keeps Winning (and Why It Might Be Your Turn)

So, what is eXp Realty? It’s the brokerage that flipped the old-school model on its overpriced, brick-and-mortar head. With stock options, revenue share, agent-first support, and zero franchise fluff, eXp gives agents actual ownership and real freedom, not just a desk and a prayer.

But if you really want to get the most out of this model, don’t just join eXp—join with the right sponsor at eXp.

How Smart Agent Alliance + eXp Realty Help You Grow

Collaboration at eXp Realty is a major win, but teaming up with Smart Agent Alliance takes it to the next level. Here’s some of what you can expect:

Smart Agent Alliance runs meetings so you can gain passive income. How awesome is that? It’s like free money.  Also, Smart Agent Alliance also gives agents access to:

Learn more about how eXp Realty and Smart Agent Alliance can help you scale your career. And here are some other helpful tools: Take this quick quiz to find out if eXp is a good match. See what passive income you could earn using our exp realty revenue share calculator. Learn what it entails to become a real estate agent.