With Exp, you can purchase and be awarded stock in different ways:
Agent Equity Program
Exp Realty agents can choose to participate in the Agent Equity Program, which allows eXp Realty to withhold a percentage of the commission from an agent's transaction and purchase EXPI stock at a discount.
Sustainable Equity Plan
With Exp Realty's Sustainable Equity Plan, agents are awarded stock shares for completing specific tasks within Exp. These awards have a three year vesting period, meaning that after
three years with Exp, you can sell the stock, if preferred. For the sponsor award, both you and the agent sponsored must remain with Exp Realty to the time of vesting. Agents are awarded shares of stock in the following ways:
Closing your first home transaction each year with Exp Realty
Capping each year
Sponsoring an agent that closes their first home transaction with Exp Realty
ICON Agent Program
As agents at Exp Realty, you can earn your entire $16,000 cap back each year in the form of stock. There are two ways you can qualify for the ICON Agent Program based on your production at Exp Realty.
1) $16000 Cap Plus $5,000 in Capped Status Transaction Fees
$16,000 paid in company cap plus capped status transactions in the same anniversary year resulting in capped status transaction fees of not less than $5,000.
2) $500,000 Annual Gross Commission Income Plus ICON Qualifying Fee
$500,000 or more with a minimum of 10 closed transactions and payment of an "ICON Qualifying Fee,” which is equal to $5,000 less capped transaction fees paid during the same anniversary year. The "ICON Qualifying Fee" is only required if you want to qualify for ICON agent status. This option is for agents who sell commercial or luxury real estate and may not do many transactions each year.
The last part of becoming an ICON agent is to demonstrate company culture by giving back by teaching a class six times throughout the year, being a mentor for 12 months, serving on a panel and participating ten times throughout the year or serving on a committee and vetting 10 ICON candidates within the year.
Once you have met the above requirements, you would earn $8,000 in publicly traded Exp World Holdings (EXPI) common stock, which vests after three years. You would acquire an additional $4,000 after one year once your cultural requirements are fulfilled. ICON agents earn the last $4,000 in stock awards after attending each of the two annual Exp Realty events. The company issues $2,000 after the Exp Shareholder Summit and another $2000 after EXPCON with no vesting period.
Exp Realty Earnings Disclosure: Any representation of guarantee of earnings would be misleading. Success with eXp results only from successful sales efforts.