As home sales in 2023 are predicted to drop 14.1% from the previous year, competition will be fierce for those Realtors who stay in the real estate industry. To ensure success and prevent failure amid this tough market, it's essential that real estate agents look at fine-tuning their process as well as expanding professional training with top teams if they weren't already associated with one before. Strategizing now is key to staying ahead of competitors and best-assisting clients in the rapidly changing market!
eXp Realty has revolutionized the way real estate agents work. By providing its mantra of “agent success obsessed,” eXp offers an environment that is laser-focused on helping their agents succeed both professionally and financially - something traditional brokerages are unable to do. Here are some of the ways eXp Realty has differed from a typical brokerage structure since 2009; it's no wonder why this dynamic company continues to experience such rapid growth!
How Is eXp Realty Different From Other Brokerages?
One Brokerage:
eXp Realty is revolutionizing the real estate industry by bringing all of its agents and franchises together into one unified brokerage. This streamlined approach has allowed eXp to expand beyond the U.S. borders, boasting global operations in Canada, the United Kingdom, and Australia - opening up endless possibilities for growth!
Virtual workplace:
Agents are empowered to work from anywhere they want - without the need for expensive brick-and-mortar offices. By leveraging powerful virtual technology - eXp World by Virbel and other tech tools, brokers and agents have all the advantages of a traditional office setting while enjoying flexible working arrangements where they can be located wherever an internet connection is available.
Collaboration:
eXp embraces the latest technology by utilizing cutting-edge tools and systems for continuous collaboration. eXp World and Workplace are two such solutions driving this effort, offering a 24/7 platform to bring together eXp real estate agents and staff members from around the globe. The virtual world experience is immersive - complete with offices, meeting rooms, and auditoriums plus some fun like beaches or soccer fields; all made possible through advanced virtual simulations reminiscent of popular gaming experiences like "The Sims."
Live training and classes:
eXp offers a comprehensive training program for every new and experienced real estate agent. From onboarding to live classes for 50 hours each week, agents get the latest tips and tricks from experienced professionals on everything from lead generation to CRM tools - plus, these sessions are recorded in case you miss one! Grow your real estate career with eXp's strong support system.
Real-time support:
Get the support you need - when you need it! eXp's IT professionals provide reliable service during regular business hours, no matter your time zone. With our real-time help desk, any technical or customer questions can be answered on demand.
Marketplace partnerships:
Uniting agents and their clients, eXp's Preferred Partner program ensures a seamless transaction process with comprehensive home-buying and -selling services. This includes access to mortgages, title & escrow companies, moving resources as well as protection through warranties. From start to finish, this suite of solutions empowers the agent/client relationship for successful realty transactions.
National and international collaboration:
eXp creates a uniquely collaborative atmosphere, where agents from all over the world support and inspire each other to succeed. Through innovative programs such as ICONversations and Agents Helping Agents — top-producing eXp agents share their knowledge with peers at home or abroad. From across America – to everywhere around the globe - success stories start here!
Agents can be shareholders:
As agents reach certain milestones, they have an opportunity to become a shareholder of eXp World Holdings (eXp Realty's parent company). Not only does this provide an additional income stream, but it also gives them a chance to influence and be part of the bigger picture. Ultimately leading to further encouraging their dedication to help with eXp's success.
Bigger commissions:
eXp offers an industry-leading commission model - agents keep 80% of the total transaction value, with a maximum $16,000 contribution to eXp. Once this cap is bypassed each year, all future commissions are kept by the agent!
No costly overhead:
At eXp, agents reap the rewards and benefits of a virtual brokerage with none of the hefty costs incurred by traditional brokerages. Expenses such as rent, insurance payments, desk fees and utilities are no longer paid out from an agent's pocket; instead these profits can be used to support their business through training programs or technology investments - allowing agents to reach greater heights in their professional success!
Revenue share plan:
When an eXp agent brings a new agent on board, they have the opportunity to share in their success. Through our revenue-sharing plan, any future sales activity of that sponsored individual can generate extra income for those who welcomed them into the fold - and all without needing to take anything away from your new recruit!
Healthcare:
In 2019, eXp Realty made a bold move to prioritize its agents' well-being and success by introducing innovative and low-cost healthcare options. This commitment gives them the edge when it comes to rewarding its members with not only competitive commissions but also health benefits within an evergrowing industry of real estate brokerages.
Realtors must make adjustments and improvements if they intend to stay competitive during this tighter 2023 market. Refining processes and increasing training are significant first steps toward ensuring success. Assessing what changes can help your business elevate its production is key in a landscape where many have already headed toward exit strategies due to last year's decline. Don't let yourself become another statistic! Adapt now so that you thrive in any real estate market. Join one of the fastest-growing real estate companies in the world - eXp Realty. Contact Daria Nikolaeva for more information.
