There is 3 pillar when it come to eXp Realty financial incentive: Commission, Revenue Share and Stock. Today we will talk about eXp Realty Stock and how you can make actually earn some money from my personal opinion. I been an ICON agent with exp Realty for 6 years.
eXp Realty Stock Symbol
eXp Stock symbok is EXPI. you can buy it at any platform such as Etrade, Robinhood, etc.. Or better, as an agent with eXp Realty, You have an option to contribute 5% of your commission to buy eXp realty stock at a 5% discount of the current market price whenever you have a closing
How to earn back your cap back in stock as an ICON agent
When you made it to an ICON agent, ( capped at close 20 more deals after you cap), You will have a chance to earn back $16,000 in from of company equity the expi stock
The 1st $8,000 of the stock will be automatically deposited to your Morgan Stanley Etrade Account with 3 year vesting period
the next $4,000 of the stock will be awarded when you go to 2 approved eXp event (currently eXp or Regional Rally) with 1 year vesting period
The next $4000 of the stock will be awarded when you complete 20 culture point (teach a class, attend AHA club, become a mentor…) No vesting period
Other way to earn eXp Realty Stock
You can also earn equity when you:
- close your 1st transaction each year ($200)
- Reached your annual cap ($400)
- Sponsor an agent to eXp Realty ($400)
- Received dividend. eXp Realty is currently paying dividend on their stock
My story with eXp Realty Stock
I been in the company long enough to see enough of success and failure with agent trying to make money with the system. The one that is success in leveraging the equity program is the one with a solid financial education.
This is not a get rich quick plan. Equity take time to build. If you are consistently deposit 5% of your commission into the stock at a 5% discount years over the years and let that nest egg build up. thats how you can get ahead financially. This is how i personally levarage the program. I work hard. I close deal, I contribute my commission to buy the stock, I capped, I sponsor agent, I hussle to hit icon every year and I DON’T SPEND all of it. I do spend a little bit of it. I leave it in the etrade account and let it compounded every year.
5+ years later, my equity with the company passed 6 digits.
Mistake RE agents are making with eXp Realty Stock
Over the year this is the mistake that i see agent made
- don’t contribute regularly using 5% program
- expect the stock to always go up
- try to time on when to buy and when to sell instead of focusing on selling home and attracting agent.
- Jump company before the stock vested
- Sell the stock to pay for liability (luxury items, vacation etc..)
- Have shiny object syndrome
Disclaimer: I am NO financial advisor. Most financial advisor are broker than me.