FAQs

WHO IS THE PARTNERSHIP FOR?

Who can join The Partnership For Realtors?

The Partnership is open to any licensed real estate agent who joins eXp Realty, listing Tresa Todd (or someone who is under her) as their sponsor. We are for women AND men, and you do NOT have to be in the Women’s Real Estate Investors Network to join.

Can I join The Partnership For Realtors if I’m not licensed yet?

No, but after you get your license, you can join The Partnership For Realtors by filling out an eXp Realty application and listing Tresa Todd or someone under her in eXp - this automatically brings you into The Partnership and you can join our calls and get the full benefits of joining The Partnership.

Can I join The Partnership if I’m already in eXp?

The Partnership is just for people who have joined eXp Realty under Tresa Todd or someone under her. If you are in the Women’s Real Estate Investor Network, and joined eXp before hearing about The Partnership and would like to join our Mindset Mastermind calls, and be invited to VIP events connected to WREIN events, reach out to Andrea Engstrom.

COMMISSIONS AND COSTS

How much does it cost to join The Partnership For Realtors - brokered by eXp?

There are NO Desk Fees, No Royalty Fees, and No Franchise Fees. There is a $149 start-up fee. It includes 1,000 business cards, 25 branded folders, and it covers your first $85 monthly cloud brokerage fee. Additionally, there is a $25 broker review fee and a $40 E&O insurance fee per transaction which caps at $500 per year.

What is the commission split in eXp Realty?

80/20 commission split, with a $16,000 cap. After that, you earn 100% commission for the remainder of your anniversary year. There is a $250 capped transaction fee. Once capped transaction fees total $5,000, the capped transaction fee drops to $75 per transaction.

FOR REAL ESTATE INVESTORS

Do I have to pay commission on personal transactions?

In eXp Realty, when you list a property you own, all transactions must be run through eXp, but you do not have to pay commission into eXp on your first 3 personal transactions - but you will have to pay the buyer's agent. After the first 3 personal transactions, you would pay the minimum company dollar - which is 20% of 3% of the sale price, OR $500 - whichever is lower.

Can I wholesale in eXp?

There is no wholesaling in eXp unless express permission is given on a case-by-case basis. You have to work with your state broker in eXp to get permission. They will look for: 1. A clean track record wholesaling, and 2. Training / certification on wholesaling ethically.

Additionally, they will require that you carry a $150K insurance bond to cover the deductible for your errors and omissions insurance (E&O). Due to wholesale deals having a higher level of litigation than other types of transactions, they will not cover the deductible in a wholesale transaction the way they would in other transactions.