We are writing to you as a colleague and as a valued member of our local real estate community. We are eXp Realty, a full service brokerage launched in October, 2009 and currently serving 12 markets across the country including New England.
eXp Realty is the world’s first truly immersive web 3.0 company. We offer agents and brokers a collaborative environment, the most aggressive and lucrative gross commission revenue share plan in the industry with no cap, and much more. Given high overhead costs in relation to revenues, the fact is that profit sharing plans based on net office profitability are not putting real money in agents’ pockets. At eXp we employ a 7 level revenue share program that’s based strictly on GROSS COMMISSION INCOME. In short, our agents earn 3.5% of the gross commission on every deal done by every agent they bring in. I have enclosed for you a print out of realistic numbers that you would be looking at if you were to join eXp and refer approximately 2 agents per month to us over the course of a year. The 170k number at the bottom represents annual passive residual income based on modest performance assumptions by agents who would be in your revenue tree but who would be the responsibility of, and coached, trained and mentored by, our state broker. Are you able to see the difference between net profit share and eXp’s gross revenue share?
The current real estate market is challenging. The eXp model removes significant pressures of operating in this environment such as high overhead and other fixed recurring expenses in the face of diminished transaction volume and lower revenues.
We sincerely hope that you will give us an opportunity to discuss the possibilities, should this option be consistent with your long-term strategy.
