All Forum Posts by: Marian Huish

Nice @Cole Simpson...and I'll add that it's not limited to the USA or to residential Realtors- you can receive revenue share for any agent that you bring into the brokerage, residential or commercial in any of the current 21 countries eXp Realty currently operates in!  -and 50% of all revenue the company makes goes back to it's agents.  Almost sounds too good to be true, huh?  ; D

Welcome to DC @Rachel Riley…. You’re going to love it here!  Although as @Russell Brazil pointed out, rates are climbing so I would buy now if you can… Rents are also at an all time high so you may as well start building equity as soon as possible!  Good luck-

I'd like to personally invite you to a real estate mastermind and networking event I'm hosting on May 16th at the Capital Yacht Club, located at the DC Wharf.  The theme of the event is: "Preparing for the Future of Real Estate" and will include presentation and panel discussions by some of industry's top leaders including:

eXp Realty's Dave Conord, President, North America, What does it Take to Grow a brokerage to 80,000 Agents 

Michael Valdes, President, eXp Global - How to Expand into 21 Countries Without Leaving the US

Stephanie Gilizan, one of Globe Street's "Most Influential Women of 2022" - Breaking down the Barriers to Commercial opportunities.

Kathleen Ryan, RLAH/@Property (Crypto Certified) - Bitcoin, Blockchain & it's Impact on Real Estate

Sam Griffin/Gerald Perilo - 25 Year Commercial Realtor (KY) & Founders, Capital Connect LLC - Business Brokering

Jonathan Lahey - Using Technology to Build & Manage an Effective Team

Gail Demarco/Valerie Turner - Top CA Team, $393M Sold in 2021, "How to enter the Luxury Market with Both Feet In"

@Michelle Jezycki - International Executive Coach & Former HR Director, US Senate - "Leading With Impact"

Continental breakfast and lunch will be served followed by happy hour watching the sunset on the Potomac!

For details and registration, click: Here. 

Register soon as space is limited and the early bird $49 price increases on May 2nd. We hope to see you there!

Thanks for your response @Jonathan Forbes-  I trust you looked deep into the eXp model which includes ICON status benefits not only for individual agents but for mega teams which essentially gives back your $16K Cap in company stock so you are essentially receiving 100% in commissions while acquiring a stockpile of stock.  I won't belabor all of the other reasons & benefits of eXp as it sounds like having 100% control was your driving force-  and while there is a cost associated with that, you apparently believe it is worth it!  I wish you the best of luck- 

Any sale as an agent shows in your ‘portfolio’ as evidence of your sales experience whether it’s a personal purchase or not and whether you represent the seller or buyer, which would be yourself in this case.  You can always  advertise a closed sale on the buyer side… unless it doesn’t go through your brokerage.  Best of luck with it @Hoa Nguyen.

Simply signing on with the right brokerage should help prepare you for a career in real estate.  Do you plan on working with clients or only using your license for your own investment purposes?

Congrats on your success @Jonathan Forbes but I’m very curious who you didn’t just partner with eXp?  You couldn’t kept your company branding in place, transitioned your entire team over and you all could’ve benefited from stock awards and revenue share just from selling homes & supporting your team!?  Not sure why you would reinvent the wheel when eXp has all of this in place yet there are no franchise fees, no headaches and no liabilities!?  I can’t imagine being able to keep up with technological changes alone let alone the cost of all your overhead.  Genuinely interested in your response!  -otherwise wish you much success.

Another consideration @Hoa Nguyen is not being able to advertise the sale after the closing in order to attract more clients.  How much is the lost opportunity of future business worth?

@Bruce Lynn is correct in that there are many other factors you should be considering as a new agent @Joe L. (and why don't we see your last name?  ...will be important to include here if you want to start finding some investors to work with on BP!  ; D).  Many of the 'bricks and mortar' will start you at 50/50 because they do require in-office training and 'hand-holding' by the broker as you are a potential liability as a new agent.  I was with Long and Foster (a private brokerage in the Mid-Atlantic area) for 15 years and each year my split re-set...back to 50/50!  So even after an experienced/seasoned agent, my commission sales only grew as my production grew.  I eventually got to 80% split each year but couldn't justify paying that much as I wasn't one to work much in the offices which is why low splits were necessary... to pay for those offices!   I have since moved to eXp Realty which offers all agents an 80/20 split, which then moves to 100% once you 'cap' after the company receives $16K on their side, or after roughly $2.6M. in sales.  ...and this also resets every year.  However, for new agents, you are required to have a Mentor which means you will have a 60/40 split on your first 3 transactions.  Also, you can alternatively join a team and have more 'hands-on' guidance for as long as you like- you would agree to whatever split the team lead offers.  Some have offices and some meet in our virtual World- which is where our 'training room' is located (as Bruce referenced).  And here's a link to our weekly training schedule for you to review. 

https://expcloud.com/calendar/...

I'm happy to offer you a guest pass in to our office so that you can review our 'training room' and attend some classes for up to 2 weeks.  Perhaps that can help you decide if eXp would be a good fit for you... I'm not sure other brokerages offer such an opportunity!  Anyhow, best of luck in your decision and good luck on your exam.  Marian

I’m happy to have a conversation with you @Jason Nguyen as eXp offers many additional benefits that far out weigh the nominal $85 per month fee.  And while it’s true that eXp does not permit Property Mgmt at this time, they are likely going to change that soon as many agents are doing PM but are doing so under a separate company-  Also, while @Charlie MacPherson left eXp to do business brokering, that's now permitted under eXp's Commercial Division. And unfortunately he likely walked away from his stock (which can be passed down generationally) as well as monthly passive income opportunities through revenue share. And if you do t want to work directly with buyers & sellers, you have a network of 78000 agents around the World to work on a referral basis with which means you can refer buyers & sellers to others & make 25% or more on commission just for connecting them with the right agent! Also keep in mind that wherever you go, you'll still have to pay to join the MLS and a local association. Best of luck! -Marian