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eXp Realty Review (2022 Update): Everything You Wanted To Know!

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Updated: December 21

By: Scam Risk - Expert Reviewer

eXp Realty Review

eXp Realty is one of the biggest real estate company in the United States with the fastest growth. But what do reviews of eXp Realty say about the company? Also, what makes eXp Realty different?

What do you need to know as a potential client who wants to hire one of their real estate agents? What should you know if you’re a real estate agent considering joining the brokerage?Dig in deeper to know more about it!

DISCLAIMER:
This eXp Realty Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.

Table of Contents

Pros: What I Liked

  • Very knowledgeable
  • Fastest growing independent brokerage in the country
  • Many agents are switching to eXp Realty
The Good

Cons: What I Didn't Like

  • No physical office
  • Not likely to offer discounted commission
  • May not be for everyone
The Bad

There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.

And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.

Just like eXp Realty. Here’s the hard truth, though…

Most of these programs:

  • Take way more time than you’re led to believe
  • May have hidden fees
  • Require you to buy multiple upsells in order to get the “real” information

But most importantly, a lot of these programs just don’t scale.

“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.

The problem is, most programs out there make it hard to make money at first and even harder to keep making money.

In other words, you might be able to make some money in the beginning, but it won’t be sustainable, and you’ll end up getting discouraged.

This is the exact opposite of passive income.

When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.

So, what if there was a way you could build a passive income stream that’s actually passive?

An income stream that doesn’t require:

  • Inventory
  • Selling to friends and family
  • Selling to strangers
  • Recruiting people
  • Dealing with questionable products that weigh on your conscience

An income stream that brings in consistent monthly revenues (from a couple of thousand dollars to well over $10,000)?

An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?

If that sounds like something you’d be interested in, check out Digital Real Estate. 

TESTIMONIAL - STILL GETTING PAID

This is nothing like eXp Realty, and that’s probably a good thing.

However, if you’d still like to know more about eXp Realty, keep reading.

What is eXp Realty?

CEO Glenn Sanford

eXp was established in 2009 by current CEO Glenn Sanford and is currently publicly listed on the NASDAQ stock exchange as part of the parent company eXp World Holdings under the ticker EXPI. eXp Realty’s primary distinction is that it is fully remote – there are no physical offices for the company’s real estate agents.

However, it is more than simply connecting over Gchat, Slack, and Zoom. Even after the pandemic, eXp agents have access to eXp World, eXp’s agent platform contains classes, team-building activities, and more.

Real estate brokerage takes great pleasure in saving agents money by reducing rent, maintenance, and overhead costs, which increases profits for everyone.

How Does eXp Realty Work?

How Does eXp Realty Work

Despite its remote-only status, eXp functions similarly to any other brokerage. Because there is no need for physical stores, it has seen enormous development both in the United States and abroad.

With a traditional real estate agent, you may use eXp realty agents to list, purchase, or rent a property. The eXp’s distinct advantage for its agents and consumers is that its agents are equipped with eXp World expertise and technology.

When you partner with eXp to sell your house, you may expect to pay a traditional real estate commission (unless you find an agent through UpNest, which is owned by the parent company Realtor.com).

According to eXp Realty reviews, you’ll receive everything you’d expect from an agent: an open house, listing photography, and so forth.

Is eXp Realty Considered A Multi-Level Marketing Company? 

Is eXp Realty Considered A Multi-Level Marketing Company

To be honest, the answer to that is yes and no. eXp Realty is primarily a real estate brokerage. It’s not even in Wikipedia’s comprehensive list of multi-level marketing companies (but they could if they keep growing at this rate!). eXp World Holdings, on the other hand, has a great business plan that allows it to expand globally.

Revenue Sharing” is a kind of MLM-style remuneration offered by eXp Realty. But, for me, eXp Realty is a real estate business, not an MLM company. It is a real estate brokerage that provides real estate entrepreneurs with unique options such as equity and revenue sharing.

Are There Any Similar Business Models In The Real Estate Industry?

Are There Any Similar Business Models In The Real Estate Industry

Glenn launched eXp Realty in 2009 after starting his real estate career with Keller Williams.  Profit-sharing is a remuneration structure provided by Keller Williams real estate company. Keller-Williams was founded in 1983, and six years later, in 1989, it started giving profit sharing to its agents.

Glenn expanded on the profit-sharing concept. He believes in reducing expenses, the franchise model, and intermediaries. eXp Realty pays out in seven stages, similar to “Revenue Sharing.” This concept aided the company’s rapid growth to the point where it currently has over 80,000 eXp Realty agents.

What Is eXp Realty’s Commission Split And Monthly Fees?

Monthly Fees

eXp Realty provides a simple 80/20 commission split, but there’s a little more to the story. When you join the brokerage, you’ll pay a $149 startup charge (which covers your first month), which includes business cards, a website, a contact management system, fax and toll-free number, and other benefits.

eXp real estate agents additionally pay $85 per month for lead generation tools and eXp world tuition. Every week, agents may attend live classes and access a large library of training videos on topics ranging from marketing to sales techniques. Agents pay eXp just 20% of their commission until they exceed a $16,000 yearly cap.

eXp Realty

Following that, they will get 100%. Then they pay $250 for each transaction for the next 20 transactions and $75 after those. These costs are lower than what similar brick-and-mortar brokerages charge their agents.

Depending on the setup, commission split, and income received, agents using eXp should expect to save 10 to 20% compared to working with another traditional real estate brokerage. eXp Realty is a real estate agency with a business plan that incorporates incentives. The company pays these incentives with a 20% commission on real estate sales.

Is eXp Realty A Scam?

is exp realty a scam

So, is eXp Realty a scam? Not technically. You can make money with this program, but it’s definitely not as easy as they make it sound.

There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.

Now, there’s nothing wrong with front-loading the work and making the money later.

But if you’re grinding it out for 3 months, and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?

What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?

And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?

And what if you could double it next week?

Well, that’s the power of Digital Real Estate

And you can legitimately do this from anywhere. It’s a true lifestyle business.

Your laptop and an internet connection are all you need.

Some of the most successful students in this program run their entire 6-figure businesses from:

  • A camper in the middle of the woods
  • A beach chair on the water in Mexico
  • A small villa in Greece

TESTIMONIAL - SAYING GOODBYE TO OUR JOBS

They’re able to travel around, living their lives first, and focusing on their income second.

Because even if they stop working for an extended period of time, the money keeps coming in.

So adventure, memories, and experience are the top priority.

And they never have to worry about how to pay for the next trip, or consider asking for time off.

If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.

Are There Alternatives To eXp Realty?

are there alternatives

Yes, there are plenty of other business models to choose from if you want to pursue making money online.  Here are just a few:

What Is My Top Recommendation For Making Money In 2022?

Digital Real Estate

Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.

While there may be no “perfect business,” the research IS conclusive:

Digital Real Estate is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online or been in this space for a while but never really “made it,” Digital Real Estate is for you.

Why?

1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full-time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.

And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.

Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.

This is only possible if you have an income stream that’s not tied to your time.

TESTIMONIAL - JUMP ALL IN

2) You Own & Control EVERYTHING: With eXp Realty, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.

TESTIMONIAL-FEELING-BLESSED

3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.

Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.

TESTIMONIAL-SCOTT-LEAD-GEN

4) No Inventory: Alright, so most eXp Realty doesn’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.

And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.

Imagine finally landing your first customer and losing them after one sale because they had to wait 6 weeks to get their order.

With Digital Real Estate, a 100% online business, you never even have to think about that risk.

Lance Lead Gen

5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple of keystrokes, and a single phone call (and you don’t actually need the phone call).

Remember: each Digital Rental Property is worth $500 to $2,000 monthly in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.

Because you have more knowledge, more experience, more results, and more momentum.

If you wanted to double your income with eXp Realty, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.

TESTIMONIAL - ANNA DONE DEAL

6) Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:

Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.

You make money by helping them make money.

Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.

Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.

TESTIMONIAL-BOSS-OF-MY-FUTURE

Now, the choice is yours. You could continue browsing, looking at opportunities like eXp Realty which could one day make you money.

You could continue researching, never making a decision.

OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms, thanks to Digital Real Estate.

A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.

All while genuinely helping real people who are grateful and happy to pay for it.

If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.

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