New York Stock Exchange-listed eXp Realty hopes for 200 real estate agents in 6 months

New York Stock Exchange-listed eXp Realty hopes for 200 real estate agents in 6 months

Stephens said eXp Realty agents would earn 75 per cent of commissions on properties they sell and the head office would get 25 per cent. That is much more money than a traditional start-up agent payment system of a 50:50 split between agents and agencies, she said. More experienced agents working under that traditional model could earn above half the commission, based on a tiered system, Stephens said. "Most agents starting with us will be getting a pay rise compared to where they were working before," she said. Asked how much commission vendors would pay, she said: "We're not a discounter but we want to meet the market." She refused to disclose commission percentages but said they were negotiable. "We're a startup. We plan roadshows, webinars and international speakers at …
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