After 15 years at our previous company, why did we decide to join eXp when they launched in South Africa?
A place for entrepreneurial agents. A place where agents can plan for their family’s future, utilizing unrivalled compensation and equity opportunities and multiple income streams. eXp’s model and cloud office environment accomplish all these things.
eXp offers a great environment to work. All the tools needed to offer clients’ properties the best exposure available. A place that empowers agents to manage their own businesses while receiving top-notch technology, training, and quick support.
Before joining eXp we had 15 wonderful and very successful years at RE/MAX in Durbanville, and we will always have only good things to say about RE/MAX and we continue to have a great working relationship with them. For more than a year before eXp launched in South Africa, we had been monitoring eXp’s business model in the USA. Many of the most prominent and successful agents in the USA, who we follow and connect with on social media, had made the move from the more traditional agencies to eXp, and they were all overwhelmingly satisfied and enthusiastic:
We were intrigued by the modern business model, which is cloud-based and therefore there are major cost savings which can then be passed on to the agents in the form of lower operating fees, more favourable commission splits and caps, as well as incentive schemes which include revenue share and shares options.
This makes it possible to start creating wealth for the future (which is something most agents neglect).
THE EXP MODEL EXPLAINED:
VIDEO: Please watch this introductory video, which explains the whole eXp model, and how it is changing the lives of so many agents…
eXp South Africa’s AGENT OF THE YEAR. This video from a live event November 2022:
AFTER watching the complete “Model Explained” video, please have a look at the following videos for more practical illustrations of all the benefits that eXp offers:
COMMISSION Comparison Calculator: eXp South Africa vs Your Current Company:
eXp South Africa’s Unbelievable REVENUE SHARING program:
All eXp agents receive financial benefits if they help grow the company by introducing other agents to eXp … this is in the form of attractive revenue sharing AND equity share programs, giving agents the opportunity to generate ongoing and life-changing passive income.
eXp South Africa’s Share Incentives:
eXp is an agent-centric and agent-owned business. Agents get rewarded by receiving shares in eXp on the NASDAQ (EXPI) stock exchange, for simply doing what they already do!
eXp’s Unrivaled Training is the best in the industry:
eXp University offers at least 40 live classes a week, taught by industry experts and top-producing eXp agents. Most classes are recorded and accessible in eXp University’s on-demand library. General topics include: Working with buyers and sellers. Lead generation and conversion. Social media marketing. Technology tools. Systems and processes to conduct business effectively.
Andrew Thompson – Country Leader for eXp Realty (South Africa), interviewed at the Build Africa Conference 2024. How eXp started in South Africa, and what the future holds:
Glenn Sanford – Founder of eXp Realty, interviewed at the Build Africa Conference 2024. How eXp Realty started. What makes eXp Realty so “Agent-centric”? What the future holds for eXp Realty:
Another Insightful interview with the legendary founder of eXp, Glenn Sanford:
eXp’s exceptional worldwide growth: Michael Valdes – eXp’s Chief Growth Officer – Sept 2022:
Lydia was eXp South Africa’s first ever Capping agent. This video from a live event early in 2022:
Lydia & Andre Vorster – “Building and nurturing lasting relationships” …. Build Africa Conference 2024:
Lydia & Andre Vorster at the Build Africa Conference 2023:
eXp World… have a sneak peak inside our virtual world:
A unique and amazing part of eXp Realty are the agents, brokers and staff available in eXp World. Attend live classes, meetings and world-class training. Network with other agents. Access technical support and admin support from any location. Auditoriums, Offices, Collaboration spaces, Board rooms, EXPO Halls. Your avatar preserves privacy to stop the always-on-camera “Zoom fatigue”
In order to join eXp you have to be introduced by an existing eXp agent (who will later be called your Sponsor). We’d love to assist you in this regard if you don’t already have a sponsor. Please get in touch with us if you have any more questions, or if you are thinking of joining us at this magnificent company.. We’d love to chat to you and answer any questions…
Get In Touch With Us:
eXp has redesigned the traditional agency to create a company where agents can share in the company revenue AND obtain shares in the company.
They are changing the real estate agency model and more and more real estate professionals are realizing that eXp’s total package, lead generation systems, equity share in ownership, education and training, and low fees and very favourable commission cap are the perfect combinations for their businesses.
eXp is a global “Cloud-based” Real Estate Brokerage
- Delivers a unique agent value proposition, including an attractive commission structure, revenue share and equity shares.
- Cost savings associated with a virtual workplace, rather than the high costs of traditional “bricks and mortar”, are passed on to the agents through various incentive schemes.
eXp SOUTH AFRICA:
This unique Model Incentivizes Agents and Brokers…
| Traditional Brokerage | eXp Realty |
| Only one employee has incentive to grow the business (Broker/Owner and/or Branch Manager). | All agents receive financial benefits for helping grow the brokerage (attractive revenue sharing AND equity share programs). |
| Most brokerages provide limited leverage for teams to grow due to brokerage economics. | Ubiquitous back-office and training support helps agents scale and grow more efficiently. |
| Very capital intensive (brick and mortar building infrastructure) | Minimal capital required to eXpand Geographically (cloud based). |
| Limited to single location (physical location of office) | eXp’s agents can expand business to multiple markets more easily. |
MULTIPLE WAYS OF EARNING WITH INCENTIVES:
- Admirable Commissions on Property Sales.
- Icon status Income for Top Performers.
- Equity Shares in the Form of Banked Commission of 5% at a Trading Discount of 10% (Voluntary).
- Revenue Share via The Network You Introduce.
- Share Incentives.
eXp FEES AND COMMISSION:
- R800 Join Fee Once Off
- Very low Monthly Fee (currently R800pm as at May 2021), which include all of the following:
- Access to eXp World and eXp South Africa World
- eXp eMail Address and All Technology Tools
- Global Website
- Listing Platform
- CRM (Customer Relationship Management system)
- Private Property Syndication
- Property24 Syndication
- Lightstone OR CMA Info Valuations and Deeds Searches
- Micro Website for each agent
- eXp University of Learning – USA and SA
- WorkPlace – our own Internal Facebook
- WorkChat – our own Company Messenger app
- A Family and eXp Community Experiences through eXp World
- 75% Agent Commission and 25% Company Commission Split, UNTIL THE ANNUAL Cap is reached, after which the agent gets the full commission and the company no longer takes 25%.
- R150,000 CAP based on Company Rand Earned per Agent on an Annualized Basis.
- 100% Agent Commission when Agent Caps in Year Cycle with 0% to Company (in other words once the company’s 25% portion of commissions has reached R150,000 in a 12 month period, the 25% will NOT be deducted from the agents next commissions for the remainder of that 12 month period).
- A 4% International Fee will Apply at all times on all commissions, of which 0.5% is allocated to Social Responsibility and Community Development
CRM (CUSTOMER RELATIONSHIP MANAGEMENT SYSTEM):
eXp provides you with a state of the art CRM to manage your business:
- Calendar & Tasks
- Match Buyers to Properties
- Prospecting & Lead Tracking
- Sales Transaction Processing
- Templated brochures and emails
- Automatically updates website
- Capture leads directly into your CRM
- Easy to Load Listings Platform
- Easy to Manage Listings
- Own Micro Website
- Syndication and Distribution to Private Property & Property24
- Syndication to New and Emerging Platforms
WELCOME TO OUR WORLD… eXp WORLD:
eXp World is the real estate office of the future, but available today. A cloud environment where agents can meet and learn together, no matter where they might be located.
- Auditorium
- Offices
- Board rooms
- eXp University
- EXPO Halls
eXp WORLD’S COMPETITIVE ADVANTAGE:
- A unique and amazing part of eXp Realty are the agents, brokers and staff available “in-world.”
- Attend live classes, meetings and world-class training.
- Network with other agents
- Access technical support and admin support from any location.
- Reduce brick-and-mortar and travel costs with virtual workplace environment
- Remove geographic location limits to improve education and training
- Auditorium, Offices, Collaboration spaces, Board rooms, EXPO Halls
- Your avatar preserves privacy to stop the always-on-camera “Zoom fatigue”
eXp UNIVERSITY – LIVE TRAINING AS WELL AS AN ON DEMAND LIBRARY…
eXp University offers about 40 live classes a week, taught by industry experts and top-producing eXp agents. Most classes are recorded and accessible in eXp University’s on-demand library.
Whether you’re new to real estate or an experienced agent, taking classes to learn about the business, the industry and how to build a successful sales business is the key to any real estate agents’ success. That’s why eXp Realty, whose motto is agent success obsessed, has made a huge commitment to offer classes to its agents, for free.
General topics include:
- Working with buyers and sellers
- Lead generation and conversion
- Social media marketing
- CRM and technology tools
- Systems and processes to conduct business effectively
eXp’s COMPETITIVE ADVANTAGE:
Unique Growth Model…
- “Cloud based” brokerage efficiencies fuel a rich compensation structure for agents.
- Top-producing agents drive transactions and increase sales volume.
- eXp agents continue to attract other top talent agents, fueling the cycle of success.
- Expansion-friendly operating model accelerates global growth.
Agent-Centric Value Proposition…
- Highly attractive commission structure.
- Revenue sharing program for attracting agents to the brokerage that achieve production.
- Equity awards for meeting production criteria
eXp SOUTH AFRICA REVENUE SHARE EXPLAINED:
Part of what makes eXp Realty unique is that our agents can receive revenue share from the people they sponsor into the company. Sustainability is one of the fundamental and core values of eXp Realty and it is the collective intent of the agents and brokers of eXp Realty to attract credible, ethical and productive real estate professionals who are aligned with eXp Realty’s culture and core values. If agent attraction is of interest to you, we arm you with all the right tools to attract with integrity.
SINGLE AGENT REVENUE SHARE*
Agents at eXp can receive revenue share income from the sales activity of agents they bring into the company at 3.5% of the gross commission that that agent earns for the year. For each person you bring into eXp you can earn up to R21,000 each year depending on the sales production of that person. This continues to be paid to you as long as you remain an active agent and the agent you have brought into the business stays with eXp and generates sales requirements.
IMPORTANT: Revenue share is paid from the percentage that eXp (the company) receives and doesn’t reduce the agent’s commission.
CASCADING REVENUE SHARE…
The agents you bring into the business, are incentivised to produce sales and recruit and attract more agents into the business, who also produce sales with the same bonus payment.
In addition to your revenue share for the sales production of the agents you personally bring in to eXp, you can ALSO earn revenue share bonus payments, for the production of the agents that they they bring in!
As an example: If you personally sponsor 5 selling agents to eXp who meet the sales requirements and they in turn sponsor their own selling agents who do the same, you can earn up to R24,000 annually for the production of EACH of those other agents, ON TOP of the R21,000 you earn from the selling agents that you have brought in…
eXp SOUTH AFRICA EQUITY OPPORTUNITIES:
SA Agent Incentive Programme…
Agents can become shareholders at eXp Realty (NASDAQ : EXPI)
The Agent Equity AWARDS are :
- Earn Shares on your first transaction: R2 000.
- Earn shares when you fully cap for the year: R4 000.
- Earn shares when an agent you introduced closes their first transaction: R4 000
VOLUNTARY Agent Equity Program:
Equity Shares in the Form of banked Commission of 5% of each commission, at a Trading Discount of 10% (this is a voluntary option available to agents, and an excellent way to save up for the future by investing a portion of their commission by buying shares in eXp World Holdings Inc, which is listed on NASDAQ)
MORE INFO: In order to join eXp you have to be introduced by an existing eXp agent (who will later be called your Sponsor). We’d love to assist you in this regard if you don’t already have a sponsor. Please get in touch with us if you have any more questions, or if you are thinking of joining us at this magnificent company.. We’d love to chat to you and answer any questions… please contact us
Lydia & André Vorster
Contact Us:
Cell: 082 324 7915 / email: info@PropLA.co.za
*All percentages and monetary values mentioned above are correct as at September 2022, but may differ in future. Figures are also not a guarantee, representation or projection of earnings or profits you can or should expect. They also do not include expenses incurred by Agents in operating their businesses. eXp Realty makes no guarantee of financial success. Success with eXp Realty results only from successful sales efforts, which require hard work, diligence, skill, persistence, competence, and leadership. Your success will depend upon how well you exercise these qualities.