Today we’re going to compare eXp Realty with another giant in the real estate industry—RE/MAX. Choosing the right brokerage is a game-changer for your career. Pick wrong and you’ll waste time, money, and effort. Here’s your handy dandy index:
Why Your Brokerage Choice Matters
Why Your Brokerage Choice MattersPicking the right brokerage isn’t just about how much commission you’re taking home. Sure, that’s critical, but your brokerage also shapes your daily life, how much support you get, and how many resources you can access to grow your career.
Today, we’ll compare eXp Realty and RE/MAX—two well-known names in the real estate world. We’ll dig into their commission splits, fees, training opportunities, and, just as important, agent satisfaction.
And, note that the information on eXp Realty is readily available, but with RE/MAX, not so much. You either need to dig a little deeper to get the full picture. But don’t worry, we’ve done the work for you.
eXp Realty vs REMAX: Agent Satisfaction
eXp Realty vs REMAX: Agent SatisfactionLet’s start with how happy agents are at each brokerage. According to Glassdoor, eXp Realty holds an impressive 4.6 star rating, while RE/MAX isn’t far behind with it 4.2 star rating. These ratings tell you a lot about how agents feel about the support, resources, and overall experience at each company.
And, as we all know, happy agents are usually more successful agents. If you’re curious about how the top real estate firms stack up, check out our blog “12 Insider Picks for the Best Real Estate Brokerage in 2024!”. Spoiler alert: eXp Realty ranks #1 on Glassdoor.
eXp Realty vs REMAX: Brokerage Profitability
eXp Realty vs REMAX: Brokerage ProfitabilityWhy should you care about your brokerage’s profitability? Because a financially stable brokerage means better resources, better tools, and fewer surprise changes that might hurt your wallet. Let’s take a look at how these two brokerages compare when it comes to financial stability.
RE/MAX has posted 20 quarters of earnings, with 14 profitable quarters—so they’re sitting at 70% profitability. However, when you dig into the numbers, RE/MAX tends to have huge losing quarters and smaller profitable ones, so while they’ve been profitable, the overall picture isn’t as rosy as it looks.
On the other hand, eXp Realty has posted 20 quarters of earnings, with 15 profitable quarters, which puts them at 75% profitability. More importantly, eXp doesn’t have those huge losses like RE/MAX and, in fact, eXp is the only publicly traded brokerage that’s been profitable for the last five years.
That financial stability translates to continuous improvements for both agents and clients, without cutting corners or slashing pay. If you want the full scoop on brokerage profitability, check out our blog “Top Real Estate Companies That Might Go Under!”.
eXp Realty vs REMAX: Commission Splits
eXp Realty vs REMAX: Commission SplitsNow for the good stuff—commission splits! Let’s see how much of your hard-earned money you get to keep at each brokerage.
At RE/MAX, splits range from 60/40 to 95/5, and they offer two agent plans to choose from each with different fees attached. Again, the specifics vary between agents and offices.
At eXp Realty, the splits are much simpler. Every agent starts at an 80/20 split, and once the 20% you’ve paid to eXp hits $16,000 for the year, you move to 100% commission for the remainder of the year. Plus, eXp rewards agents with stock for hitting certain milestones, and you can even get your $16,000 cap back in stock if you meet additional goals.
So all eXp agents have the opportunity to earn more than 100% commission each year. And remember, eXp’s commission structure is the same for every agent, in every location—no haggling, no special deals.
eXp Realty vs REMAX: E&O Insurance
eXp Realty vs REMAX: E&O InsuranceWhen it comes to Errors and Omissions (E&O) insurance, eXp Realty and RE/MAX approach things differently.
At RE/MAX, I found that agents are charged $400 a year for E&O insurance, admittedly that is curiously low so we’re not sure it’s correct. We also don’t know when this is due. It’s probably upfront though, considering how low the cost is.
Over at eXp Realty, agents pay $60 per transaction, but only when they close a deal. Plus, eXp caps your total E&O insurance at $750 per year, which means no more payments after you hit that cap.
eXp Realty vs REMAX: Fees
eXp Realty vs REMAX: FeesFees can really add up, and they vary greatly between these two brokerages. At eXp Realty, agents pay a $85 monthly fee and $25 per transaction until they cap. Super predictable.
But at RE/MAX, the fees are all over the place. Agents can pay anywhere from $300 – $2500 a month depending on the office they’re working out of. And under one of their plans, there’s even a $499 per transaction fee. Ouch!
eXp Realty vs REMAX: Training and Support
eXp Realty vs REMAX: Training and SupportNow, let’s talk about training and support—because even seasoned agents need guidance and resources to stay at the top of their game.
At eXp Realty, the support is phenomenal. You get access to over 50 live training sessions per week, an entire on-demand library of courses, a “Fast Start” program designed to get new agents earning, and a “Kick Start” program for experienced agents. And, if you ever need help, eXp offers 24/7 support and they have over 2,000 full-time staff members ready to assist you.
With RE/MAX, it’s a bit more hit-or-miss. They offer training through their online academy, but the level of support varies by office. Most support depends on how available the local office broker is. So, if you need help late at night or early in the morning, you might be on your own until the office opens.
eXp Realty vs REMAX: Technology and Resources
eXp Realty vs REMAX: Technology and ResourcesBoth RE/MAX and eXp Realty are pretty tech-savvy, but eXp takes things to the next level.
eXp Realty is a virtual brokerage—no physical offices are required because everything is done online. You get access to eXp World, a metaverse-style platform where you can meet with your broker, get tech support, and attend training. Want the full scoop? Check out our blog on eXp World!
Plus, eXp offers agents their own IDX website, a robust CRM (kvCORE), a marketing center, and a steady stream of new tools.
RE/MAX offers some similar tech, including the kvCORE CRM and a pre-made marketing package that includes flyers, postcards, and social media posts for your listings. But that’s about where the similarities end. While RE/MAX’s tools are solid, eXp Realty’s tech suite is constantly expanding, and their fully virtual platform sets them apart.
Why REMAX May Be Best for You
If you’re someone who prefers the traditional brokerage model with physical office spaces and enjoys the camaraderie of working in a local office, RE/MAX might be the better fit for you.
However, if you’re just looking for out of your home office space, eXp Realty does provide FREE access to the 4000 Regus office business lounges around the world. But that won’t be enough if you’re someone who likes being in a more structured environment, where your office broker checks on your daily productivity. In that case, eXp Realty’s virtual freedom might not be for you.
eXp’s Exclusive Resources
Beyond the usual offerings, eXp Realty has a few game-changing features that other brokerages simply don’t have. eXp Realty has a luxury division with global advertising around the world. eXp Realty has a dedicated team, Revenos, whose entire mission is to find and deliver top-quality leads directly to eXp agents—how great is that?
Then there’s eXp’s Referral tool that makes sending referrals to other agents effortless, and for those wanting to focus purely on referrals, eXp’s Referral Division slashes costs while keeping you active in the industry. And, of course, there’s Revenue Share, which lets you build extra income by bringing other agents into eXp.
The best part? That income doesn’t end when you retire and it’s willable, so it continues to roll in even after you’re no longer working. Now that’s a win-win!
That’s a Wrap
So, when it comes down to eXp Realty vs REMAX, it’s a close race, but eXp Realty comes out ahead with its transparent commission splits, lower fees, and better support and technology. RE/MAX has a solid reputation and office presence, which might be ideal for agents who prefer the traditional model, but overall, eXp Realty offers more value for most agents.
Join our FREE Team at eXp Realty
Join the leading force in real estate with eXp Realty – the only profitable publicly traded brokerage over the past five years and holds the prestigious title of the best brokerage to work for. The benefits of eXp Realty are unmatched and will truly exceed your expectations!
When you join us at Smart Agent Alliance, you’ll also be part of the Wolf Pack at eXp Realty. Together we are one big team and we provide more FREE value than you’ll get anywhere else in the real estate business.
What’s included? Access our exclusive SAA Vault Assets to enhance your business efficiency, attend weekly team video calls filled with invaluable insights and top agent strategies, and receive the Social Agent Academy Program and Investor Army Courses – a combined value of over $1,500 – absolutely free. And that’s just the beginning! Explore more about our robust team benefits.
Don’t let this opportunity pass you by. Transform your real estate career, maximize your income, and secure your future. Contact us now to schedule a video consultation or email us at team@SmartAgentAlliance.com. We’re here to ensure your success.
Frequently Asked Questions
How happy are RE/MAX vs. eXp Realty agents?
On Glassdoor.com, where agents anonymously rank their brokerage, eXp Realty holds an impressive 4.6 star rating, while RE/MAX isn’t far behind with it 4.2 star rating. For all the legwork comparing all the big real estate firms, check out “12 Insider Picks for the Best Real Estate Brokerage in 2024!”.
How profitable is RE/MAX vs. eXp Realty?
RE/MAX has posted 20 quarters of earnings with 70% profitability. However, RE/MAX tends to have huge losing quarters and smaller profitable ones. eXp Realty has posted 20 quarters of earnings with 75% profitability. Plus, eXp is the only publicly traded brokerage that’s been profitable for the last five yearsFor more on brokerage profitability, check out “Top Real Estate Companies That Might Go Under!”.
What makes eXp Realty different?
Besides top agent pay, low fees, extensive training, and state-of-the-art technology, eXp has a Luxury Division offering global marketing, a dedicated team called Revenos providing quality leads to agents, a Referral tool making referrals to other agents a breeze, a Referral Division cutting agent costs for referral only business and Revenue Share opportunities providing additional agent income possibilities that continue after retirement and is willable.
