What are your thoughts on eXp? • The brokerage seems to be growing rapidly; can this be sustained in the long run with very little brand recognition amongst customers (compared to a Keller Williams, REMAX, Coldwell Banker etc.)? • They appear to have high turnover rates, is the turnover predominantly with new agents or experienced agents? • Are entire teams shifting over to eXp and staying or do they end up leaving? Would love to hear your thoughts and experiences with current or ex-eXp agents!

I don't know exactly why they left, but they weren't with the company long enough to experience any kind of slow down. Personally, because of the technology they offer, my business has exploded this year. I've never had clients comment on my brokerage and if it were me buying or selling, I don't care about the brokerage. I care about how good the agent is. Some people recruit but many don't. I think it's becoming easier to recruit as people see the stock price move up and the streamlining of processes are getting better every day.

@Nate Shields - did the team move back to their previous brokerage because of a slow down in listings and sales? Could you please elaborate on why they may have left? I'm also wondering if you noticed it be more difficult to gain listings / closings because of eXp. I'm not sure how clients view them and if they would rather contact another agent that has the listing as well. How does the recruiting aspect work with eXp and do many people go out to recruit? Is it becoming easier or more difficult to recruit others onto the eXp platform?

My thoughts on eXp... I explored it and moved over as quickly as possible. Yes, there are some growing pains due to the incredible growth, but those go away pretty quickly because of the outstanding leadership. I'm not sure about turnover rates. This business in general has very high turnover rates no matter what the brokerage. I've only heard of one team locally that made the move and then jumped back. My understanding of them was that they expected everything to be perfect...no brokerage is perfect. I can't speak to other teams across the country. I'm sure it's not a fit for everybody, but some of the biggest teams in the country have made the switch and never looked back.

Updated about 7 years ago on 09/12/2018. Most recent reply

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Mickey JayPoster

Buying & Selling Real Estate

What are your thoughts on the eXp brokerage?

Mickey JayPoster

Posted September 11, 2018 13:57

What are your thoughts on eXp?

The brokerage seems to be growing rapidly; can this be sustained in the long run with very little brand recognition amongst customers (compared to a Keller Williams, REMAX, Coldwell Banker etc.)?
They appear to have high turnover rates, is the turnover predominantly with new agents or experienced agents?
Are entire teams shifting over to eXp and staying or do they end up leaving?

Would love to hear your thoughts and experiences with current or ex-eXp agents!

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