REAL vs eXp vs LPT Cost & Fees (In-Depth Comparison )

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REAL vs eXp vs LPT Cost & Fees (In-Depth Comparison )

Рет қаралды 4,742

Күн бұрын

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In this video, I break down the true cost of running your real estate business with the three largest cloud brokerages out there, REAL Broker, eXp Realty, and LPT Realty. I break down all the fees associated with each brokerage and show you how much you can expect to spend or earn with each of these virtual brokerages.
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Пікірлер: 38

@geneyoung4189 7 ай бұрын

Realty NOT RelAty

@next-genagents7731 7 ай бұрын

thanks, where does it day RelAty?

@alextucciorealtor 6 ай бұрын

I think you are pronouncing re-LA-ty instead or re-AL-ty. :) @@next-genagents7731

@garrettkuroda 6 ай бұрын

@@next-genagents7731 its the way you/re pronouncing the word, Realty. Correctly pronounced, you should first say "REAL", then add the "TEE", hence it should sound like, REAL-TEE, instead of Real-La-Tee, the way you say it. We're just trying to help you my dude.

@jackiebrowne4285 6 ай бұрын

Do you have a video that compares Epique Realty to REAL when it comes to fees, splits, and FLQA's rev share? If so, please provide the link.

@next-genagents7731 6 ай бұрын

I do not. Epique is still pretty small and only in a few state so is not even available for the majority of agents out there. If it starts growing and expanding, I may start making content about it down the road.

@albertbaez2059 25 күн бұрын

You said Real is profitable? Also no debt ?? 🤔 that would be impressive if true! 👀

@next-genagents7731 22 күн бұрын

it's true. We reached EBIDA profitability in 2023 and we have maintained it for a full year. We do have competitors who put out misinformation, but this is something you can google.

@joelkabs2521 6 күн бұрын

⁠@@next-genagents7731That’s only using EBITDA and even then just barely

@lexi_blevins 7 ай бұрын

35 transactions a year seems pretty low for the top 1% of agents… LPT is a no.

@next-genagents7731 7 ай бұрын

agreed.

@JustynaJohnson 6 ай бұрын

Please explain your thoughts further As a solo agent doing 45 to 65 deal a year. I'm intrigued with lpt I like black and I like black boxes too

@PerfectPlaceTeam 8 ай бұрын

Great info! I am a capped agent at EXP and the per transaction fee after we cap is $275 in Florida. I am not sure if the price is different in other states since your spreadsheet shows $250, just so you know.

@next-genagents7731 8 ай бұрын

Oh, interesting. I wonder if they changed it. I was going off of this eXp slide from 2022, page 13 show's $250. Thanks for the update join.exprealty.com/wp-content/uploads/2022/06/U.S.-Introduction-to-eXp-Realty-Apr-2022-compressed.pdf

@PerfectPlaceTeam 8 ай бұрын

@@next-genagents7731 The fees are as follows for a Capped agent: 100% Capped Transaction Fee: $ 250.00 and a Broker Review Fee: $ 25.00 - Hope this helps!

@autumnrawls3607 2 ай бұрын

The yearly $750 a year fee.. what if you don’t have a single transaction one year. Do you still pay $750 or only if you produce?

@next-genagents7731 Ай бұрын

no, you don't. You only pay it if you have closings.

@HollieWallaceRealtor 4 ай бұрын

Why do you add the cost of stock options back in when you said several times it is given? If its earned, how is it a cost? Just trying to clarify for my understanding and consideration. TiA

@next-genagents7731 4 ай бұрын

I think it's helpful as seeing the stock as "cash equivalent" to really compare numbers. I'm also not deducting it as a cost, I'm actually add it in to the equation to show you what the full cost is per year.

@LivinginMarylandwithDave-ft1yz 3 ай бұрын

Time to update this info.

@next-genagents7731 3 ай бұрын

Because eXp's fees went up?

@tothemooncollective 4 ай бұрын

Has the “ELITE” agent stock option amount gone down significantly? I’m seeing $16k on the website now (circa April 2024)

@next-genagents7731 4 ай бұрын

At REAL it is still up to $24k. It's just broken up into 2 awards. The Production Award of $16k and a Cultural Award of $8k. eXp is similar except theirs is broken up into 3 awards, which together add up to $16 total.

@brandenj7038 10 ай бұрын

Hi, I understand there is a separate mentor fee. Is that fee permanent or to few transactions for REAL

@next-genagents7731 10 ай бұрын

At REAL we actually don't have a mentorship program or mentor fee so new agents are not forced to split their first few transactions with their mentor like other brokerages. How open are you to hopping on a video call and we can talk more to see if REAL is a good fit for you or not?

@VietNghi 10 ай бұрын

Are you willing to share your spreadsheet with the breakdown?

@next-genagents7731 10 ай бұрын

I'd be happy to hop on a call with you and we can go over the numbers for your business!

@user-ts8jr3pz2d 7 ай бұрын

One of the best comparison videos on KZfaq - Keep up the good work. By the way, in order for LPT to go public, they will need approximately 100,000 agents with 10% of their agents on the Rev Share model.

@LocalAlaskanExpert 7 ай бұрын

I am at Real and would love to use you calculator for attraction. Are you willing to share it? I am in a completely different market than you. Alaska 🙂@@next-genagents7731

@alanvelazquez1027 8 ай бұрын

This isn't accurate as lpt has a 100 percent commission model, which most agents sign up for, and a 5k cap. If you're going to compare the different brokerage, be accurate doing so

@next-genagents7731 8 ай бұрын

I did fully disclose and explained that at 2:18. The Business Builder model is interesting but not really comparable to REAL and eXp since it does not include the stock and rev share benefits. So this video is only comparing their RevShare Partner model to REAL and eXp Realty as that is the most similar.

@doctorrealestate8118 7 ай бұрын

In the order of brokerages its in the following Alan …. REAL >> Exp >>>>>> LPT .. period :)

@alanvelazquez1027 7 ай бұрын

@@doctorrealestate8118 and? Real and exp and basically the same model except real has no stock options as they aren't on the nasdaq. Exp is.

@CarlaEnglandRealtor 6 ай бұрын

Most agents that look at eXp or REAL are interested in the Rev share and stock model, not a discount broker model.

@alanvelazquez1027 6 ай бұрын

Not true. Most people heading to lpt are from exp or real. They have two different models to choose from. If they are interested in Rev share there a model for that. If you want to sell and not attract you can keep 100 percent of your commission and pay a small fee per transaction