Russ Laggan explains eXp Revenue Share
In this video, Russ Laggan, VP Director of Growth, breaks down eXp's powerful Revenue Share 2.0 model in a simple, easy-to-understand way.
For many real estate agents, these concepts can seem complex, but the goal is to show you how eXp's unique compensation plan can significantly boost your earning potential and help you build a lasting legacy.
Russ walks you through the core concept of revenue share at eXp, demonstrating exactly how a portion of the company dollar from every transaction is shared back with agents like us who help grow the community.
You'll learn: ▪️ The 80/20 split at eXp Realty: How commission is distributed, and where that revenue share really comes from.
▪️ Tier 1 earnings explained: Russ shows you exactly what happens when you personally sponsor an agent—let's call him "Bill"—into eXp and how you get paid for their transactions.
▪️ Building a "Family Tree": Russ illustrates how your earnings can extend through multiple tiers, demonstrating how you can benefit when agents you bring in sponsor others (like "Lisa").
▪️ Why eXp Realty's model is different: Russ addresses common misconceptions and highlight how eXp's revenue share incentivizes true collaboration and growth, creating a supportive environment where we're all rewarded for helping each other succeed.
▪️ The power of a leveraged income stream: You'll see how these seemingly small amounts can add up to substantial monthly earnings, providing real financial freedom and a true exit strategy.
▪️ eXp Realty's commitment to agents: Russ touches on the simplified FLQA requirements, the generous 50% revenue share pool payout for new agents' first year, and the "Pay Now" feature for instant access to earned revenue share.
Whether you're curious about eXp's innovative model or looking to maximize your income as a real estate professional, Russ promises to give you a clear and compelling overview. Don't miss out on understanding how eXp Realty is empowering agents to build wealth and achieve long-term success. Don't hesitate to reach out to me if you need more explanation or have any questions about eXp Realty!
What is Revenue Share? And How is it Possible?
Traditional franchised real estate brokerages have an international office, state regional offices, and local offices or market centers. Each of these levels contain staff and other large fixed expenses that are associated with having local staff and brick and mortar offices.
Franchised brokerages hire recruiters and managers, who's number one job is to grow the company, by recruiting agents.
eXp Realty doesn't hire recruiters. eXp leadership chose to empower the real estate agents to help grow the company. When an agent sponsors another agent to join eXp Realty, eXp shares the revenue generated by the sponsored agent with the sponsoring agent. If you would like a detailed explanation of the revenue share program, Click Here to contact us now.
eXp Realty has eliminated the regional and local offices, and uses a meta verse called eXp World, which is it's cloud based campus. This massive annual savings allows eXp Realty to provide two very valuable and unique benefits to its real estate agents: 1) Each agent can acquire EXPI stock ownership as certain sales thresholds are met. 2) eXp agents can earn ongoing residual income if they attract productive agents to eXp Realty.