Ok thanks…

Sonny, it may seem that way, eXp agents are shareholders and love to share the successes of the company (almost more so than their own personal success). I assure you, nobody at eXp Realty makes any money unless our agents sell real estate.

It's MLM So what similar to BBC

@@jenny-DD what’s BBC??

@@kingznqueenztv what’s BBC

Boom 💣💣💣 Been such a pleasure collaborating!

@@ericbpreston been awesome collaborating with you Lee.

Good choice!

Did you switch to EXP?? If so, how has it been?

Let me know if you want to chat, would be happy for you to join one of my key partners and I.

Glad it was helpful! You're sooooo welcome

🙀🙀🙀

I am hearing Bold is still teaching door knocking though... The training is so outdated.

@@ericbpreston door knocking is outdated? What is current times strategies? I'm learning about going into real estate and am thinking into doing a career change to being a real estate agent.

@@mikipascal1667 yes, unless you believe trading time for money will get you rich.

@@ericbpreston Do you have KZfaq videos in where you talk about current strategies that you recommend watching?

@@mikipascal1667 yea most of my channel!

Welcome!

Congrats! I passed in May as well! Good luck with your search love!

great comparison! Does EXP allow agents to work part-time?

@@dekappitation yes of course!

Fair enough ;)

You don’t know what you’re talking about because you’re seeing it from the outside and buying into the red koolaid kw is feeding you. Careful of your biases I’ve been with both companies and have a better perspective than you. We’ve built an incredible coaching program in our collaborative movement with 8 coaching calls a week from many 7 figure producers. You don’t get that. In fact, your brokerage still teaches door knocking which is a joke. We coach agents to sell 400 homes a year because our agents actually do that. 80% is just a dumb arbitrary number you made up which speaks to your weak ability to critically analyze anything. Remax and kw are so fearful of exp they are creating the narrative and feeding it to you. I’m curious, how many homes do you sell a year at kw with this ‘focus on selling real estate and education?’ Show me the numbers, let’s compare. How many hours of training do you get a week? We get over 60. How many homes do you sell per month? How time leveraged are you? Pony up.

Sure, whatever works for you..

Welcome! Let’s get on a call. Https://collaborativemovement.com/info

This is a great video! Thank you, for the honest comparison & breakdown. I recently passed my real estate exam in CA and I am going to start interviewing with brokerages. Exp sounds like a great fit… however, it sounds as though you need to be more of an “established” agent. In your opinion is Exp a good place for a new agent to start off? Or is it more for a seasoned agent?

@@Amarie2101 It’s a great place to be a new agent in fact we’ve built a lot of training for new agents you won’t find elsewhere :)

@@Amarie2101 I worked on the corporate side of eXp Realty for two years and eXp Realty offers over 80 hours of live training per week. Plus, offers endless other resources and colllaboration tools. Honestly, it is an amazing place for the brand new agent to start...provided they attend training (live or recorded), and their local meetings.

Eric, Can you tell me if EXP can still be a good fit for a part time agent? My plan is to eventually go full time. However, my current line of work is completely different from Real estate. I joined Keller Williams because I was told training was top notch but my current work schedule did not fit into any in office training. I also need a good mentor and I wasn’t able to find one. I moved my license to inactive but I would like to find my footing again but I want to find a better fit

Go for it, I'll come back to this message in Dec ;)

You should go with a brokerage that offers you the best mentorship, and all of them will sell you on this, but most of them will let you down in practice. Fee's will not make you successful, having a blueprint to follow of someone who's succeeded at this business at a high level will. Most agents I speak with don't get what they are looking for at either, but it can really depend on that individual office. With us at eXp, you get the brokerage mentorship AND your sponsors mentorship, with similar fee's to KW. For me, it's a no brainer.

New agent? Best mentorship is the way to go. It’s best to pay a little up front and learn the ropes.

@@abethereal Totally agree

@@abethereal absolutely 💯 That's why I choose Kw

Just don’t buy into the door knocking and old school stuff they teach you in bold! They tend to praise an 18 year old book over there.

@@ericbpreston nothing wrong if it works -

@@jenny-DD you are so misled about how to build a business. Door knocking is there lowest leverage client acquisition strategy you can employ. It’s trading time for money. You have no idea how bad your mentors are and I honestly feel sorry for you.

​@@ericbprestonso weirdddd.. how did I make 80k in GCI if it doesn work!?!?! explain that to us Coach Eric LOL

@@Hawaiirealtalkchannel 80k is peanuts good luck and have fun scaling door knocking into a $1m+ business 🙄

Thanks my man! Glad you liked it.

My understanding with C21 is it can vary a lot in terms of what they offer. I have never been with them so it's not my best place to say, but I have been in over 20 of their offices and I can tell you the experience can vary A LOT... So it really depends on that unique franchises business model.

eXp Realty is a cloud based corporation virtually allowing you to run your real estate business from anywhere. Plus many of our agents are licensed in multiple states.

@@CoachSuperDan Would i be working with a sponsor in California virtually to help with closings, showings, etc.? Sorry so many questions. Lol

Yea it can vary a lot! Thanks for the clarity.

Is it a good thing for caps to be smaller or larger? I'm learning about real estate and thinking of moving into real estate.

Thanks Joey!

Glad you liked it!

Not my Keller Williams market center! We're still at 64/36 split and a $125 monthly fee and a 18K cap! Every market center is different though - sounds like you're lucky! I'm looking to move to eXp.

Yup- this bit** is sold out Your right

We have a choice between 70/30 and 80/20 so if you are going to cap quick the 70/30 is a good way to go. But our cap is $22K and of course the 6% royalty

I'm just getting started can someone explain how it all works and the terminology? What is the cap and the royalty? Which part of the split is the agent which is the brokerage?

I am not sure but I have heard agents having trouble with this 🤷‍♂️

@@ericbpreston yeah you can export your data out of Command

More than welcome :)

Thanks my man!

There is a small deal fee after the cap - I would check out ericpreston.exprealty.careers and download the brochure with the finer print details like that!

Very welcome!

We use Follow Up Boss 👉 followupboss.com

Definitely! If you are new you will also get a local mentor, and have local managing broker, etc. Your sponsor is someone who influenced you to join the company who you feel you can get value from (such as the coaching we offer). Most of my sponsee's are not local to me!

I would argue every brokerages goal is to poach every other brokerages agents.

@@ericbpreston it's easy to understand why eXp would flourish in a 12-24 month period of a pandemic and why a pricier brokerage like KW would struggle to retain agents.. KW's value proposition is training, and it's tough to deliver on that when their offices were closed for long stretches of time. Naturally it wouldn't take long for KW agents to start feeling like they're not getting much in return for what they're paying for in splits/fees/office dues. It will be interesting to see if eXp can actually sustain their growth and make a dent in market share.. I've done 170+ transactions in Atlanta over the past 12 months, and less than 5 were with an eXp agent. 20-25% were with KW agents. So I tend to roll my eyes when people act like eXp is this next great thing.. they seem more focused on building up their downline than actually doing any transactions. But again, Opendoor is playing a completely different game. They are expanding their buy box, expanding markets, and improving their services. Their goal as a company isn't to be some sort of investor that flips properties for a profit. They are aiming to remove the hassle, frustration, and inconvenience of a real estate transaction for the consumer and they already have more demand than they can handle. Sellers don't want 80 strangers lined up to walk through their house all weekend. Once Opendoor reaches scale they will start layering on more profitable services. Real estate commissions will continue to be compressed. The lousy agents will eventually get choked out and hang it up. The top performing agents will get less commission, but will still be able to generate plenty of business, and most importantly a seller won't have to pay $30k to sell a $500k home anymore.. hopefully $10-20k will be the new normal before long. Traditional brokerages will be forced to adjust their splits if they want to attract agents.

@@Jolt139 common misconception I don’t blame you for feeling that way. Exp is not big in every market yet but it’s becoming so. I think it really comes down to what your sponsors offer you and our group happens to help a lot of agents get to your level and beyond. My sponsor does 400+ a year and is 100% dedicated to our exp group as am I. I think people spend too much time looking at brokerage to brokerage offer but forget that the sponsor offers a whole new element to the equation if you pick the right one. Being inside it’s not all about attraction at all and especially in our group quite the contrary. I can see why people think that way though because they only see the outside and often that ends up being calls from exp agents or agents in their market propositioning them. I do think exp will be the biggest brokerage in the world in the next few years, it’s hard to see this horse slowing down with so many big agents moving over and the groups being formed through the model. I actually see it more like Amazon in real estate - a platform to build both a traditional and modern team that many will end up on.

This is only for people who haven't done 3 deals in the past year

What are the fees in that case?

I think it can vary you will want to check@@ErnestoMaldonado-ph5wm

For our training, no but for eXp look into their new agent mentorship program in which yes you pay a split to your selected local mentor for helping you through your first few deals! However that does not apply to your sponsor.

Absolutely! Apply here and get more info :) joinapp.exprealty.com/

Your brokerage has very little to do with your success. Your own work ethic and the people you surround yourself do, though.

@@ericbprestonthis is the true answer I needed thank you👍🏻

Well, KW started it 😂 Honesrtly though, I think the model applied to differnet industries can product both good and bad results, but all I've seen since joining is it having a positive effect on agent growth, success and accountability. Perhaps thats becuase we actually support our downline agents a lot.

Thank you Karin!! So excited for this year...

Thank you!

yikes!

That's so far from the right mindset to choose a brokerage based on $45/m in fees.

Why don’t you answer the other question

@@sonnypetro280 You didn't ask a question?

How can a video about increasing your Revenue turn you off? Makes no sense when the Revenue share program is clearly another option whether you participate in it or not its there for you to make additional income at no added expenses or stress! People need to lower their gaurd and be open minded to what's being offered its not a trick or a scam. It's another stream of added income on top of your GCI.

eXp pays the rev share not the agent that is brought on by another.

Awesome! Feel free to join us and list me as your sponsor and we can get you into all our mentorship programs and weekly training!

How can I join?

@@cleopahrtstudio2504 ericpreston.exprealty.careers

@@ericbpreston I did about two weeks ago, haven’t got the documents yet, how long does it normally take? Thank you.

@@cleopahrtstudio2504 depends on your market! Did you apply and list me as sponsor?

Don't really care to be honest. Agent Attraction hasn't been a focus for a long time for me - been busy building my agency. I am a little tired of the brokerage debate online. Seems to be a revolving door type of business model.

@@ericbpreston I can understand that. I’m looking to get my Real Estate License soon and I’ve noticed the videos have the same tune. Interesting to hear from someone who has some experience. What would be your advice if you have any to the new guy? I have been around real estate as my father and grand father were investors many years. Is it worth getting the License? In this market are things getting worse or better for agents?

@@worldwidewheels there is always opportunity. It's not easy though. If I were you I'd join Reilly Nicholls at REAL. They coach in our program and are a great young group. Real estate isn't easy but it's a really personal thing - some people love it. It wasn't for me as I like working online.

😂

So because he says positive things, he is paid off?