eXp Realty Reviews [Real Estate MLM?!]
Welcome to my "eXp Realty Reviews" Post!
Can you make money by selling real estate? That’s what I heard.
Most people at the top, I mean the rich, recommend selling real estate for quick money. It wouldn’t be really quick money at all because it entails a lot of effort to sell one unit, right?
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Yet, in most financial books I’ve read, they always say there’s a gold mine in the realty industry. And that’s what we’re going to find out in this post. Can you make an income, a big amount of money, by selling real estate?
Given, it’s a must to have the necessary skills in promoting the services to your clients. With that being said, it’s highly recommendable for you to join this training.
Even if you don’t pursue selling real estate, you possess the exceptional skills of the finest online marketers out there.
Now, we’re all set. Shall we go into the details of the review? Let’s dive into it.
eXp Realty Review - Quick Summary
Name: eXp Realty
Type: Cloud-based real estate MLM
Price: $420 university tuition fee + $50 recurring monthly fee
Best for: eXp Realty is great for people interested in selling realty in a cloud-based method, which means it’s great for those enthusiasts in selling properties without the need to attend in an office. Instead, the professional real estate broker can simply work in a 24/7 virtual environment.
Summary: Established in 2009, eXp Realty is the first cloud-based real estate brokerage multi-level marketing company. Since it’s cloud-based, the professionals work with clients in a 24/7 virtual office rather than in a physical office as the traditional brokerage works.
Is eXp Realty Recommended? No, I’ll tell you the details in a while. For now, it’s best to hone your high-income skills and attract wealth using the strengths you already have. Click the green button below to get started today.
What Is eXp Realty?
When the moguls recommend a certain business to invest to attract fortune, especially at a very young age, it’s always been realty. Wondering why I have been figuring out how this and that works.
From there, it’s understandable why most people join the real estate business and find out whether this has a place for them to make money or not at all. Which is why companies like eXp Realty exists to cater to that purpose.
Based on its official Facebook page, it’s the first cloud-based virtual environment for brokers to sell properties to clients as opposed to the traditional process of selling real estate.
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That means the professionals don’t need to commute to sell and deal with clients in the search of properties because they handle everything online.
Not only it provides realtor-related services, but they also provide opportunities to earn commissions since it’s also a multi-level marketing company.
How Does eXp Realty Work?
Examining how eXp Realty works for you in terms of making money, it follows a similar dynamic to the traditional realty business.
However, the difference between this company is that everything is cloud-based. The transactions are dealt with online.
Further, it does have a system as a network marketing company in which the realtor can also invite potential broker under his account. In turn, he receives percentages of commissions upon enrolling that member in the company.
According to one eXp Realty realtor, Kerry Lucasse, there’s an existing 80/20 commission splits in which you’re entitled to receive $16,000 cap.
If you reach the threshold worth $16,000, you can keep 100% commissions with $250 extra for the next 25 transactions and another $75 afterward.
In addition to that, there’s also a broker fee worth $25 to make sure the project deals or contracts are cemented between you and the client. Thus, there’s a guaranteed success rate for any realtor in the company.
How to Make Money with eXp Realty?
As I mentioned earlier, to make an income in eXp Realty, you need to understand how the realty business works even if it’s online. The methodology may be different than that of the traditional ones, the goal remains the same.
Clients look for an exceptional realtor to work with them for certain properties they’re searching for. Nothing else.
Hence, you have to possess those qualities to stand out from the crowd of brokers through this training Roope suggests you join today.
Once you have the finest skills necessary to generate leads from your clients online, you can guarantee more sales on your part. Why? Because you’re able to promote yourself and your project well than the rest. Simple.
To make an income as an eXp Realty professional realtor, using the skills you learned through the program combined with the training and tools they provide, such as:
- 20 to 25 hrs of live training per week
- Training from guest speakers
- Mastermind sessions
- Access to a large library of on-demand training videos
- Lead generation & management tools
Having those in your account, you can ensure your bolstered income as a realtor. Even if you won’t pursue this company for the next 10 years, for instance, you can still utilize the skills you learned from these resources.
eXp Realty [UGLY] Truths Revealed!
1. Need For More Clients
This is pretty obvious because eXp Realty is a network marketing company. So, if you opt to join the company as one of the realtors, you have to understand the need for more clients (as much as 10 to 12 homes to sell minimum) to ensure you get the target income you’re aiming.
2. 80/20 Commission Splits
You can’t get 100% share of the commissions per generated sales at the beginning of the course as a realtor.
You can only get the total earnings per sale if you achieve the threshold required, which is around 20 homes equivalent ($500,000 approximate worth, at least $5,000 per transaction fee).
What I Like About eXp Realty?
1. Unique MLM
If you think about it, you can’t review unique niches for a multi-marketing company often. You thought this couldn’t be a great product for a network marketing company.
However, they garnered attention instead. As far as my reviews go (around 100+ of them), I encountered a few odd yet astounding ideas for an MLM product or service, such as Jerky Direct, Traverus Global, among others.
2. Diverse Income Opportunities
eXp Realty welcomes a lot of ways for every real estate broker to earn more income through various opportunities they could take advantage of.
Aside from making money from the homes and other properties they sell, they can earn commissions once they invite new members aka “cappers,” which is equivalent to 3.5% share from the fees they make upon registration.
That goes on the infinity levels under your account.
3. High BBB Ratings
This is quite surprising for me, though the Better Business Bureau (BBB) didn’t give them the accreditation status they applied for.
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eXp Realty achieved an A+ rating from the platform based on the company information they provided and the number of complaints they received from the customers, which aren’t a splurge.
eXp Realty Reviews - What Others Say?
In most of my reviews on Your Online Reviews, it’s typically the complaints the customers, who are the direct group of people affected by the faulty system of the company. Yet, in this case, it’s the realtor’s concern.
According to a concerned real estate broker, working with eXp is a nightmare because you aren’t allowed to speak up if you have something in your mind or an idea to bring up the workplace.
You aren’t allowed to do so. Otherwise, you have to get ready to pack your things and leave. This is based on a revelation of one of the brokers, who left.
She said, “Just an awful place to be associated with. They are getting rich from their agents at the same time they shout how KW takes your money. If you're already successful with a big team, you can make a lot of money, but as an agent, watch your A…”
Other realtors added that it’s best to get the experienced agents to assure the public that whatever property their getting is well-evaluated or assessed.
Not just any beginner agent without prior experience handling these kinds of transactions and earn an income from it.
“No management. No accountability. Unless if you are the benefit in the upline. There is no one to assist or answer any questions,” another dissatisfied realtor stated on the forum.
Is eXp Realty A Scam?
There’s no doubt that eXp Realty is a legitimate company with real professional agents aka cappers working for the benefit of the clients they transact with every single day.
They have real training for beginner realtors, so nobody is left out in the group as per one satisfied realtor.
She mentioned that though the payment is solely based on commissions, she’s satisfied with the kind of support from her fellow agents working hand-in-hand for the clients they’re handling. Yet, there are downfalls for the structure, especially to those who wanted to make more money, a stable one.
Since this is a multi-level marketing company, you can’t reassure that your income this month is the same or at least near the threshold the next.
To ensure that achievement, you have to strive and sell at least 12 to 20 homes or more to get the cap you’re aiming.
Nevertheless, eXp Realty is not a scam. It’s a legitimate cloud-based real estate multi-level marketing company with uplines and downlines working together for the benefit of the market they’re targeting.
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In every MLM, regardless of the product, program, service, or niche, you can’t guarantee a stable income from it.
Even if you hone your strengths and transform them into high-income skill set, it would be nothing if you find it difficult to get more clients under your account.
Because of the commonalities between MLMs, it’s best to build a business wherein you have more control.
The only thing you need to do is to enhance your ability to generate leads online and make a steady income from it without the need to deal with downlines or uplines just like in a network marketing company.
With that being said, Roope and I suggest you join the training Your Online Revenue Ltd is affiliated with. Why?
Through the program, Roope, the founder of this site, managed to earn at least $3,000 in a day employing the skills he learned from the expert.
Do you want to replicate that? If so, click the green button below to get started today. It’s now or never, my friend.
Now that I shared my thoughts on my “eXp Realty Reviews” post, it’s time to turn the table and ask about your experience, in general.
What kinds of experiences do you have with making money with eXp Realty? Is it worth your time, money, and effort?
Do you prefer to begin earning your first passive income through affiliate marketing or you instead invest your time, money, and effort to income-generating opportunities like this?
Let me know in the comments below! 🙂
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