7 Reasons Why Agents Are Leaving eXp Realty In 2023
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- Опубликовано: 22 июл 2024
- Partner with me at eXp Realty and get free coaching and training: www.kylehandy.com/partner/
Did you know that the phrase “Why I Left eXp Realty” gets searched over 2,000 times every month? This tells me that agents are looking for reasons why agents leave exp so they can avoid making the same mistakes.
As someone who’s been inside eXp Realty for nearly five years, I see agents leave the company daily. I’ve also spoken to many of them to find out why.
In this video, I’ll outline seven reasons agents leave eXp Realty so you can decide if it’s the right fit for you before moving.
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00:00 Intro
01:43 Real Estate Agents Leave The Business
02:38 Wrong Expectations Were Set About eXp Realty
03:27 An Agent Thinks They Can Make More Money Elsewhere
04:19 An Agent Gets Overwhelmed
05:16 An Agent Decides To Join A Real Estate Team
05:53 An Agent Can't Adjust To A Cloud Brokerage
06:40 An Agent Doesn't Plug Into eXp Realty
07:28 An Agent Wants A Physical Office
08:40 An Agent Joins For The Wrong Reason
10:07 Conclusion
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◦ Grow Your Real Estate Business From 0 - • How To Start A Real Es...
◦ How TO Be Successful in Real Estate Without Cold Calling - • How I STOPPED Cold Cal...
◦ eXp Realty Explained (2023) - • Video
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#endcrew
Great video ! I have been with eXp Realty now for 1 year + after being at 2 other brokerages in my 4 years of Real Estate. I was looking for ongoing education and a group that understands the growing need for technology and how to help navigate it. I was at smaller brokerages that had offices but I would go sit at the office and attend the meetings but the educational process was so slow! I actually learned about executing contracts in eXp World within the first month! My advice on the mentoring program is to interview the Mentors and eXp admin. will change your Mentor if they are not benefiting you. I went from being Mentored to being on the Mentor's Team and loving it.
That's awesome! Thank you for sharing your experience with eXp!
Thanks for sharing your knowledge with us! The learning curve is hard but well worth it!
Looking forward to your new content! #endcrew
Much appreciated! Definitely worth it!
Amazing company. You gotta want it, you WILL love it... but I agree with 5 I think it was... Plug in, learn, connect and enjoy! Great vid Kyle!
Thank you Callum!
I am a seasoned agent who finally made the the move from KW in IL & IN to eXp. I felt so much of these doubts as I hit month 3. This made me really think hard about my responsibility in connecting with other agents locally. Great video!
Fees!!
I joined last week after a long time considering and wanting eXp specifically, and I'm so excited to move forward! I've watched so many opinion videos, including many "Why I left eXp" ones, and I was even more convinced that it's the perfect fit for me. So far, I am completely satisfied with the transition.
Oh, and I just subscribed to you, and I don't regret that either. 🙂
#ENDCREW
Welcome to the eXp family, Duane!
💪 Glad you find the content helpful!
@@KyleHandy Thank you! I'm really loving eXp so far!
You made a wise decision🤝✔️ Welcome
Great video! This was the best comparison video I’ve seen on Exp
Thanks MindOvOMatter! 😀🙏🏻👍
Reasons I have heard are that some not all Sponsors/Mentors don't really do what they are supposed to do for new agents under them. Mentors are more concerned about adding people under them, like an MLM. The more agents, the better for them. Some don't even use all of the tools/programs provided to agents by eXp therefore, they are unable to truly assist agents under them. Thank God for your videos which I, along with many others I'm sure, watch for further teachings. I will not leave eXp because they are a great brokerage.
100% agree. Thanks Marta! I will say though too that there are always two-sides to the coin. Some agents say that and I'm sure maybe are correct but also some say it and probably didn't try to plug-in as much as they could/should have. I mean even agents in my group, I'll pour into but I can't help those I don't know need help. But if sponsors are saying one thing and not available to deliver on their promises, that's a whole different thing. I appreciate your comment!
@@KyleHandy Thank you for your response. You're absolutely correct. I just became licensed December 2021, I have a long way to go but I'm determined to make it in this industry. Starting out part-time with hoping to go full-time sooner rather than later.
@@martaotero6285 That's precisely why the EXP model is doomed to fail. If you're responsible for everyone you bring aboard learning and being successful, you can't maximize the time it takes for you to be successful. KW is geared towards you bringing people aboard and allowing the office to make them successful. If you're revenue focused, you need to recruit. If you're profit focused, you need to sell real estate. More people are figuring this out.
I was contacted by eXp to train and work under a local agent, thanks for this info I knew something had to give. Depends on the agent training you and your own drive I guess huh!
@@devyn7sg This mother son team from Exp Realty are terrible. The mother told me as a future new agent, she will only use me to show houses for her listing, not anything else, they even told me I cannot generate listing leads at my neighborhood since he used to live here and it is his territory, horrible.
I’m currently studying for real estate. Had a friend refer me to EXP as well. And we’re both from the San Antonio area. Excited to get licensed and learn more
Awesome Nathaniel! 👍😀🤝
Great video, Kyle! I spoke with an eXp agent yesterday about the company, and I plan to move soon. I currently have a great website and lead flow where I live and work, but I am relocating to a new state. The benefits of eXp for an agent licensed in multiple states are superior to any other brokerage I know! I will be licensed in three states total (possibly four before the end of 2023) and the eXp system not only has me thinking bigger, it has made my vision possible in the first place. Looking at multiple desk fees, caps, and systems with traditional independently owned brokerages had me thinking my idea was impossible. Having an eXp agent in my current market that can work my website leads when I am not available is icing on the cake. Even though it is exciting and seems like a great idea, I am nervous about taking this all on. However, pushing myself and growing my business is important, and my current plan seems like a step in the right direction. #endcrew
It's wonderful to hear about your enthusiasm and plans to join eXp Realty! Your dedication to expanding your real estate business is commendable, and eXp's model can indeed be a game-changer for agents licensed in multiple states. The flexibility, support, and collaborative opportunities offered by eXp can make your vision a reality.
It's entirely normal to feel a mix of excitement and nervousness when taking on a new venture, especially one that involves significant growth and change. Remember that growth often requires stepping out of your comfort zone, and it's a sign that you're on the right path. The eXp community and resources are there to support you as you navigate this exciting journey.
I left eXp after 120 days. The lack of a physical office, which I used a lot, for me created a huge void in how I did business. I still firmly believe in the eXp model but you do have to have some of your bases covered before making that jump.
100%. It's not for everyone but for many. Definitely personal preference on a few things. Depends what the particular agent values. Thanks for the comment!
How much did you have to pay to use the office and was it with Keller?
Doesn’t exp have offices u can use for some transactions in several cities?
@@mindovomatter5181 Nothing. Just produce. Simple.
Left and joined a local broker. I think EXP is a phenomenal company but as a new agent it just wasn't a good fit for me.
I can respect that! Hopefully you're finding what YOU need at your new brokerage. Everyone's different in how they learn and communicate so it's important people just know as much of the details and how it relates to them before they make a decision. I appreciate you commenting! Hope you're doing well.
That why I left too! Went to a smaller brokerage and automatically got 2 clients because of the better support
#endcrew
i just joined a month ago and have to agree with you, i have decided to leave as well, as a new agent i want better support and guidance.
I was recruited by a person who did not support me. I had 3 years of experience and a capper. They set un realistic expectations, and basically left me out to swim. My best friend was HONEST about what she would provide in her upline. The sponsor I chose fed me a ton of fancy BS and I went to them, only to feel abandoned. I wish eXp allows people to change their upline, instead of rewarding agents that con other agents with false support. This is why want to leave. I need a better upline. Mine sucks.
Sorry to hear this Allison. I can totally understand the desire to want to switch upline’s. I can also see from eXp standpoint how with over 82,000 agents this could also cause a ruckus and create different issues if allowed. Go above your sponsor as 7 levels above you also benefit from your success. Also, utilize workplace and meet people outside your rev share group as many people will help regardless of your upline.
That is the reason I want to leave exp too is the sponsor left me high and drive and made rev checks off me and don’t do squat for me
This Exp realty agent literally told me that I could not generate listing leads in my own neighborhood, he used to live here, he even told me that I can not generat listing leads in another neighborhood where he is living now! This is so outrageous! I was at a point to join Exp Realty, now I don't want to waste my time with them. This agent basically told me that I can only try to generate listing leads at other neighborhoods, not where I live, that is his territory because he used to live here.
That is wonderful...loved it and watched until the end
Thank you so much for your kind words! I'm thrilled to hear that you enjoyed the video and watched until the end. If you have any specific topics or questions you'd like me to cover in future videos, feel free to let me know. Your support is truly appreciated!
You are good in communication the truth. I just passed my test so getting all info as much as I can. Thank you
Thank you Nina Tan! 👍😀🤝
I was at exp for 30 days because my broker at my first brokerage was closing the brokerage and taking it to exp. I went to keller williams and it sucked really bad, so transferred to a local independent brokerage and I just got done with my 10 deal program so I'm now getting 100 % commission. I also have a many offices to choice from to go to that ARE OWNED BY OUR BROKERAGE!.
Thank you for sharing this story!!!! I’m a Realtor in LA, experiencing something similar. I was once at KW, now EXP, now I’m looking to DIP!!! Happy Selling!!❤
What brokeridge do you work for
@@michellesoriano699 E-Merge Real estate
Well explained about eXp and any other brokerage. I came from another brokerage and joined eXp and I am happy and love what it has to offer and opportunity and growth I have had. Great video.
Thank you for watching and welcome to the eXp family!
@@KyleHandy Thank you and you're welcome
Im determined to sign up w exp as a first time agent. I think it will push me to figure it out especially after walking into a brokers office and feelin blah. I pray this ages well. Definitely not focusing on how people are leaving but rather the success stories.
I appreciate your enthusiasm and determination to pursue your real estate career with eXp Realty! It's wonderful to hear that you're focusing on the success stories and your own journey rather than dwelling on the challenges. Maintaining a positive mindset can be a powerful motivator in the real estate industry.
Thanks for this honest review.
Thank you for watching!
I don’t know if watching these videos make me more confused about where should I go. I have a video call with a recruiter tomorrow to sign up with exp, but I’m very concerned in not receiving the support I need as a new agent.
I completely understand your concerns about choosing the right path and receiving the support you need as a new agent. It's not uncommon to feel confused or apprehensive when you're starting a new endeavor, especially in a field as dynamic as real estate.
Before your video call with the recruiter, I'd suggest preparing a list of questions and concerns you have regarding the support they'll provide to new agents. You could ask about training programs, mentorship opportunities, resources, and what to expect during your initial days and weeks as part of the team.
Remember, it's perfectly okay to voice your concerns and ask for clarification during the call. This can help you make an informed decision about whether this opportunity is the right fit for you. Best of luck with your conversation, and I hope you find the support and guidance you're looking for in your new real estate venture! 🏡🤝👍
This is an amazing explanation. I’m headed this week to do the final and hoping next week the exam.
Thank you! Hope your exam went well!
Any tips for side hustles or good part time jobs that are realistic for a new real estate agent to have? For example, I'm currently working as a server at a steakhouse and starting at eXp. I find it may be hard to do both because working in a restaurant I work late nights...any thoughts on this?
itll buff keep going
Watched to the end, thanks
Thank you for watching
thank you for the video
Glad you found it helpful!
Cloud-based sounds daunting, especially since I didn't renew my Cloud account and keep getting notices about my deficiency.
I find it's easier. Cloud-based or not, fees and dues are common in the real estate industry. You're going to need to stay up to date on dues/fees.
#endcrew Great vid…all of the other content is great too.
I’m considering leaving eXp. I may come back but I don’t think it’s a good fit if I’m not capping, hitting Icon or attracting enough agents. I’m giving away too much money that I can use.
I was reading the fees are crazy.. some splits are 60/40. Stocks they give you they dont allow you to sell or do anything within 3 years
I was with Exp for six years and I left is because I saw something different about another company LPT Realty. I was never in Exp for rent shares because I didn’t ever recruit anybody so that wasn’t the reason I join Exp even though I did get stock with the company. As to the mentorship, I was a mentor and I could tell people that really wanted it then usually the ones really didn’t want it then last like any other job, but I thought that had a great program for teaching as much as you wanted to know, and I think they had is just as good a virtual office spaces as most video games. But Lpt Realty is a hybrid company so you can choose the Exp of residuals or a flat fee commission plus what interest in me was the 168 item listing box that you get every time you list the house plus no monthly fees and there is training pretty much every day. So it away by leaving Exp I was saving $150 a month and using that for other lead generating programs but again have nothing to say bad about Exp.
i signed the ica a few days ago an have yet to transition my license a part of me is hesitant because my sponsor hasn't really guided me it felt like they just got me to sign an moved on i wonder if a franchise model is better for local but i can see the upside of it being cloud based an all the education is entirely on my hands and i can see how its all is better for those who are better in the online world i would like some form of streamlined direction it just seems like heres everything now figure it out ill continue to move forward with it maybe i shouldve shopped around for a sponsor
Same my sponsor is giving me no help what so ever. My mentor is great but it’s really going thru the ground work with me. How to get leads, how to do a CMA etc. I am considering leaving Myself.
@@lalalimonada9109 i ended up signing with keller to try it out for a year an then maybe transitioning to exp once i have my feet wet feel like as a new agent even if i love the prospect of it being online i need the real world experience first
I'm sorry to hear that has been your experience at eXp with your sponsor. That's not the way it's designed to be.
Thanks a bunch for sharing this info. Question: Would you think that eXp is a good fit for brand new licensees? I JUST got my license and will definitely need mentor support to learn the ins and outs of the real estate business. I received a phone call from an eXp representative and we set up a Zoom meeting for two days from now. Just curious what your thoughts are. Thanks again!
Hey @ShredBraahh, how did the call go? I'm two months into eXp and finding it a great fit for a new licensee. They actually require you to get a mentor for your first deals. It's best if you can hook up with one in your area where you can shadow them as well if possible, but there are also a LOT of great mentors who will work with you virtually. Be sure to interview them to find the best fit for you & the one who'll help you meet your goals.
@@natashaturner3137 Question! I have my exam in 2 days and exp is in my list of options but as far as shadowing / having a mentor, can it be an agent from a different brokerage (one of my family members is under Berkshire Hathaway just not sure how it works and what to expect) ???
Selena - if you join eXp, your mentor will need to be a certified mentor at eXp in your local market.
@shredbraahh - I feel it is! Hopefully you joined and are liking it at this point!
no, exp is great for more seasoned realtors who have experience, as a brand new agent entering the industry a traditional brokerage is a better option to gain a good solid foundation of knowledge and practical skills.
#endcrew
Hi Kyle...my husband and I will soon be getting our Real Estate License and you're on our list of sponsors to choose from. Could you please give more info on couples, we have watched one of your videos already but would like more details. On this video you mentioned joining a team...how would we find one and should it be local to us?( We're in the Houston area) Thanks!
Hey Lorena! Thanks for watching! I actually have quite a few agents on my team in the Houston area. I'm not too far away, in the hill country area north of San Antonio! I'd love to connect with you and your husband on a zoom call sometime soon. I can help answer your questions and tell you a little more about my team. Fill out the application at this link: go.kylehandy.com/partner4 and we'll set up a call!
Afternoon i am interested to join the company but after the reviews
Is any change 🇿🇦
I wonder what the privacy is when interacting with others in the eXp meta. Are they recording all I/O continuously?
Privacy concerns are important when using any digital platform, especially in professional contexts like eXp Realty's Meta (formerly VirBELA). It's essential to stay informed about privacy practices and settings on any platform you use and to take steps to protect your own privacy as needed. If you have specific questions about privacy features or concerns on the eXp Meta platform, don't hesitate to
I left EXP at the end of 2021 but it had nothing to do with EXP, i left to join a smaller team who happened to be a different broker
Thanks for watching Joe! Sorry to hear that eXp didn't work out for you. Hope your business is growing with your new team!
Can you expand on the comments you made about having a physical office? I'm in the process of getting my license/choosing a brokerage. What type of things are an office needed for? If there is a need to meet with a client, where do you go if you're with EXP? #endcrew
I never meet with clients in office. Always at their home or the property were showing or the title company when we close. Pretty much everything can be done without an office. Training can be held online or if local is preferred at a title or mortgage company. Printing can be done online, your home office, or title/lender. If you can’t work from home due to distraction that could be the biggest thing to consider.
The number one reason I will be leaving EXP is the lack of front office support to help deal with the paperwork. You must have an admin assistant to make this model work for you. As well, you are very much on your own and disconnected from the community of realtors.
You get a local mentor. Why didn't you go call or visit or Skype your local eXp mentor?
Thanks DJ ShelShock for the feedback. I'm curious to know where you lacked support? It's a fairly straightforward process. You create a new transaction in Skyslope, upload the required documents (stated by the checklist for your state), and then eXp's transaction coordinators look them over and let you know if anything needs correcting or is good to go. Am I missing something?
This is a question for your State Broker, or their assistant.
I run an airbnb property management company, I am getting my real estate license more for me not so much to start a new career. So really just wanna do it if it comes to me, but not pound the pavement as a jr agent. Is EXP the best option for me?
I think it could be. Fees are low ($85/month). Plus you have the benefit of selling and if you know other agents, can earn an income stream from that.
Totally thinking about it
Joining or leaving ?
I'm sorry to hear that Bridget. What would be your reason for leaving?
Here are my reasons why EXP agents leave.
1. Not having a good mentor to help new agents.
2. Sponsor signs you up and leaves you hanging
3. Brokers don't answer your emails. No support
4. Difficulty with the cloud base
5. The bad taste in the mouth of people hearing about trying to be recruited to exp
6. Systems and paperwork overwhelms agents.
#endcrew
Sure, those can be reasons agents leave.
#1 #2 & #3.
Exp realty stock fallen 70 % within 1 year. Anything going on here. Again today dropped over 6% ; Revenue share does not work if stocks don't perform well.
Most all tech stocks have dropped by a wide margin in the last 12 months. Also, 12 months ago eXp stock did a 2 for 1 stock split. This hyped the stock up (higher than it probably should have). I think the price today is reflective of the company's true value (which is still up massively over the last 24 months). Which indicates the company is still doing very well. I'd recommend you look more into the actual profit the company is generating which continues to increase. Also, rev share is independent of stock price. Rev share performs based on commissions earned by agents not the stock price. I've been here nearly 5 years and the stock price has gone up and down and that hasn't had any correlation to the amount of revenue share i've received. Just my 2 cents. Thanks for commenting!
Below are all good companies that have taken a beating:
EXPI -75%
Redfin -88%
Compass -75%
Zillow -81%
Realogy -67%
Rocket Companies -78%
Lennar -35%
Dr Horton -35%
My brokerages stock is also down -55%. The NASDAQ is officially in bear market territory with the Dow Jones & SP500 not far behind. This may get worse before it gets better.
#endcrew Some great info👊🏼
Thank you very much Jason
#endcrew I like the idea of a cloud-based brokerage (among all of the other pros that come with eXp) because I’m not one to stay put for very long & can’t see myself staying in one state for very long. I’m currently studying for my exam in Washington state, but I’ve been doing research on the topic for years!
💯- provides a lot of flexibility. You don’t have to learn all new systems when you change states/locations.
@@KyleHandy Definitely!!
How do you find a team ?
Most find a team they want to join at eXp on social media or RUclips as many of the team leaders have great influence on social media.
#endcrew. Thank you Kyle!
Thanks Mario Gonzalez | Real Estate! 😀🙏🏻👍
I’m definitely leaving EXP. It’s just not for me. I need to be in the mix. Vs being “plugged in” I would come back once I have more experience. You have great points here, many of these I’m experiencing now.
It's important to recognize when a particular real estate brokerage isn't the right fit for your current needs and preferences. Your decision to leave eXp Realty in search of a different environment that aligns better with your career goals is a thoughtful one. Building experience and gaining a clearer understanding of what you're looking for in a brokerage can be valuable steps in your real estate journey.
Remember, the real estate industry offers a variety of brokerage models, each with its own unique culture and approach. Exploring different options and finding the one that resonates with you can lead to a more fulfilling and successful career. Best of luck as you continue to navigate your real estate path, and I'm here to help with any questions or advice you may need along the way.
#endcrew. Finished my first week Studying for my license now. Planning to take the exam end of July. LETS GO!!! 🥳
WOW that's great and good luck. Thank you for watching the video Vanel.
endcrew! Thank you!
💪 Glad you enjoyed the video!
I thought Exp realty had available workspaces in many different cities. Not a full-fledged office per se but something like a WeWork space where agents have free access? I think it’s the Regus business lounges can someone at Exp clarify please lol
Just curious if eXp is still growing in April 2024? It seems like more are leaving than staying, but that could just be my narrow view.
I got harassed by an agent and almost assaulted, I had to leave. I didn’t even know them because our teams are so large until an event after boot camp. My sponsor and mentor don’t seem like they care and this isn’t the first time this agent has acted out. I’m a woman and he almost assaulted me and no one did anything. I am leaving this brokerage, I’m a new agent.
Wow, very sorry to hear this. Hopefully you'll find a brokerage you enjoy.
@@KyleHandy thanks I hope so too. I really appreciate that!! Means a lot haven’t been in touch with anyone for some advice or feedback since it occurred. Thanks again
This is not unbiased video
@@vardaansangar3568 it’s bias duh they’re explaining what not to do
Just joined last month and already want to leave.
Hey Joseph, I'm sorry to hear you have had a bad experience so far.
@@KyleHandy me too. overwhelm with the skyslope. some wrong forms on it, but they need the most updated version. have to keep asking for correction even things are minor or no importance at all
I joined 3 weeks ago and I hate it. It is not for new agents at all. I’m completely lost.
@@lalalimonada9109 I was thinking of joining an actual physical brokerage and if all turns out well and I have a better understanding MAYBE I'll think about returning to exp.
@@puremeimei The only thing I can do at this point is just wing it and learn from my own mistakes because I'm sure I'll make a ton.
The other thing that I would say, is, you’ve gotta have some type of relationship with the person that you decide to partner with. If you don’t, and it’s somebody, just arbitrarily that you met online or solicited you that might not be the best thing to do. I can’t elaborate more than that and I’m not about to recruit anybody. I’m just telling you that you’ve got a trust the person that you’re aligned to, but that would be the same as if you went to some brokerage and you don’t really like the broker who would do that it’s the same thing
Absolutely, building a strong relationship and trust is essential when considering a partnership, whether it's with a colleague, mentor, or within a brokerage. It's crucial to align with someone whose values, goals, and working style resonate with yours. Taking the time to establish trust ensures a more productive and positive partnership. Your advice about being cautious, especially when approached online or through solicitations, is valuable. Trust is the foundation of any successful collaboration. Thank you for sharing your insights on the importance of relationship-building in partnerships.
#endcrew
Great video Kyle
Thank you for watching Oscarm
#endcrew I just passed my tests! Your videos are exceptional!
Congratulations! Thanks for watching and happy Thanksgiving!
I totally agree with everything that’s written here I could write a book about this. If you’re gonna go to the large brokerage firm, and I don’t care where it is, they’re going to tell you the same methodology that’s so old and so antiquated to get business. Calling expired FSBOs. Seriously when’s the last time you answered the phone from somebody that you didn’t know? You’ve got to set up a business where you’re talking to people. You need to be out there speaking to people and doing something as simple as asking people if they have a real estate agent if they say no then say this is what I do would it be OK if I have time to time sent you information on what’s going on in the real estate market. There are 99% of the population is not going to do Real Estate right now. If you’re going to chase that one you’re gonna go out of your mind. It is not a get rich quick gig. If you’re desperate for money, being a real estate agent is not a good move. You’re better off being an Uber driver or working at a store
Your insights are spot-on! The traditional methods can be outdated, and it's crucial to adopt a modern, relationship-focused approach. Building connections by engaging with people, asking questions, and offering valuable information is a more effective way to establish trust and credibility. Real estate is indeed about the long game, and patience is key. Your realistic perspective on the challenges and the importance of being strategic in approaching this profession is valuable advice for those entering the field. Thanks for sharing your wisdom!
Great video. #EndCrew
💪
Simple. People leave eXp bc it's online. So it's on you. And most people say they have drive, but they need someone else's gas to get going.
If you are an in person learner, then eXp is not for you. If you have drive, then eXp has everything you need.
So true! 💯
Not necessarily the lack of drive but the lack of support. How are you expected to jump in as a new agent and just know everything. You sit around waiting for a call from a sponsor or mentor and no one is willing to go over the ground work with you.
Your comment is really helpful. Thank you.
Also next threat to exp is LPT.
Thank you for sharing your perspective. It's true that the real estate industry is constantly evolving, and new technologies and business models are emerging. LPT (Location, Property, Technology) or other emerging players could present competition or alternatives to established real estate platforms like eXp.
Just joined, it took a lot of retraining to learn The World and KVCore reset-up! Lost a lot of money switching under the wrong person. Some of it lacks integrity with recruiting, Total Fraud. Getting broker license, well stick around for now
Hi Michelle… did you mean you were sponsored under the wrong person and then were able to switch to go under another person while at Exp? Just curious… I thought I heard somewhere that if you change sponsors you had to quit Exp wait like 8 months I think and then re-join under another sponsor.
@@roroa.7066 It's 6 months to leave and then come back to get another sponsor.
@preston C is correct. 6 months to rejoin under new sponsor. Sorry to hear that happened Michelle. The narrative is definitely changing. It used to be you were encouraged to join the person who most influenced your decision to join eXp. Now it's becoming who do you align with the most and feel can provide the most value to your business. I try to share how important naming a sponsor is so agents have the best experience possible at eXp! It truly is an amazing company.
@@Nolaperu ah 6 months, thank you.
@@KyleHandy So picking a sponsor who aligns with you is best, got it. So if you pick a sponsor that aligns with you does that mean you have to join their “Team?” I have my eye on a few people I have learned a lot from Exp, you are included in that list. Still doing research. If I joined Exp, I’d be a new agent and I know I’d get the mentorship for my first 3 transactions but what I also want is like a coach in my corner as I begin with all my RE tasks on a daily or weekly. To make sure my time is being allocated efficiently etc. Are their agents within ExP who provide this? Is the sponsor someone who can provide that to me without joining a “Team?” Thank you in advance. Your perspective would be great on this.
#endcrew Still trying to decide
Thank you Greg
It's good for commercial real estate
Thank you Cam23! 👍😀🤝
My mentor is a jerk. I keep calling him but never answers.
I'm sorry to hear that has been your experience, Joseph. Have you spoken to anyone at eXp corporate about it?
SAME
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Thank you Marc..
Talk about % on commission.
What do you want to know?
Q: are they leaving EXP or Real Estate?
50/50 from my observations. Some leave eXp thinking the grass is greener elsewhere or that they'll find more success elsewhere. But also many I speak with upon leaving say they are taking a break from real estate or getting out entirely.
Newbies should never go to EXP. As a smaller broker with 25 agents, they can't compete with us on training, leads and more. My agents are paperwork trained in 2 weeks and ready to go. Plus, we have 80/20 plans, 100% plans, all the presentations you need and on going support. No offense to EXP but stop following the sparkles. If you are in Upstate NY, call me.
I'd disagree Gilbo. I'd say not every agent is a good fit for every brokerage. We onboard many new agents to my team at eXp every month and many grow great businesses. You've got to put in the hustle and grind just like anything else in life.
@@KyleHandy You can disagree but when an agent is learning LOCAL contracts, EXP can't do what we do. They try to throw the agent into the mentor plan and take another 20% from them and hope the local agent they plop them with will have time or care to train them(which they never do). I know the whole shabang EXP is trying to portray but newbies won't work out 90% of the time there. Nothing against EXP because I have friends with them in other states.
@@gilborealty Then what brokerage would you recommend to sign up with in Texas? I was contemplating EXP, but I'm a new agent and I want to be as successful as possible, as fast as possible with all the knowledge I need (just like most agents do). If you know of any Texas brokerages that are decent let me know, thanks!
@@vanessadimas8537 I can't tell you that. I would go with a local brokerage that has time to train you. I know most EXP agents are really independent and won't have the time to properly train you.
Everything seems like a perfect orchestrated chaos, but i know the MLM is hiding somewhere behind all the theatre.
It’s a terrible brokerage with bad managers.
I appreciate your feedback. I'm sorry to hear you've had a negative experience with the brokerage and managers. If you feel comfortable, consider providing more details or suggestions on how the situation could be improved. Constructive feedback can be valuable for both the brokerage and others in the community. If you're facing challenges, exploring open communication with the management or seeking guidance from colleagues might help address concerns. Wishing you the best in finding a positive and supportive environment for your real estate career.
I DO NOT want a physical office. Yuck.
I agree with that! I love my home office and working in the field.
The more I watched the more I liked it.
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Facts tho
Thanks Mi’Angel Tarot 811! I appreciate your support.
So... can you choose your sponsor?
Yes. Absolutly. But the decision has to be made prior to joining eXp and is final once you've joined.
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Thank you for watching the video Rochelle.
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Awesome! Thanks Oscar.
#handycrew virtual is the goal
It's great to hear that you have a clear goal in mind with #handycrew virtual! Virtual platforms and collaboration are becoming increasingly important in various industries, including real estate. If you have any questions or need insights on how to effectively achieve your virtual goals, please feel free to share more details, and I'll do my best to provide guidance and support. Best of luck with your virtual endeavors!
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Do you choose your sponsor or does your sponsor choose you?
Hey Brea! You choose your sponsor. Thanks for the comment!
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Thanks Paula!!!
I am leaving eXp Realty
Sorry to hear that. Best of luck at your next stop!
@@KyleHandy Thanks!
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Matthew - Appreciate That! 😀🤝🔥
#watchattheend
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This is very vague. I wouldn't say this is specific to exp, it's all brokerages that have these exact same issues.😂
I appreciate your comment and your perspective. You're absolutely right that some challenges and issues in the real estate industry can be common across various brokerages, not exclusive to a particular one like eXp Realty. The real estate business does have its share of universal challenges.
While the video may not have focused on eXp Realty exclusively, the intention was to address broader industry issues that can apply to different brokerages. The goal is to provide insights that can be beneficial to a wide range of real estate professionals.
If you have specific questions or topics you'd like to see addressed that are more directly related to a specific brokerage or unique to your experiences, please feel free to share, and I'll do my best to provide relevant information. Your feedback is valuable, and I aim to create content that resonates with a diverse audience.
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Thank you for watching the video Keishia.
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Thanks LUIS ORTIZ! 😀🙏🏻👍
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Thank you so much Dan
No, for me it’s not appealing. I like in person, face to face. Driving like being in the home. 😊
Fair enough!
Agents leave because they realize it’s not a good look for their business. EXP is not taken seriously as a big name brand and just doesn’t look professional. Other reasons include the revenue sharing is not what it’s hyped up to be and it being cloud based.
Not sure I agree on the imaging. That might have been the case years ago but the public perception is certainly much higher now. Especially considering our Global business and ownership of the SUCCESS brand now. I'd be curious to know agents that leave b/c rev share wasn't as they'd hoped, where do they go. Chances are they aren't getting rev share or even the opportunity there (so what's the downside). Cloud-based certainly isn't for everyone. I cover that in the video.
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Exp is not a great company many people bullshit so much that it is a great company and what not.
Why do you feel this way? Were you at eXp at one time?
EXP=Pyramid Scheme
I wholeheartedly disagree.
@@KyleHandy When you have to include the statement, “The more people you refer to join EXP the more money you make” you know it’s a pyramid scheme. The statement was made by a regional representative in central Mississippi.
This is what I was thinking
So basically it’s not exps fault. Lol
If you're referring to a specific situation or issue, it's important to remember that individual experiences can vary, and it's not always the fault of a particular real estate brokerage like eXp Realty. Real estate transactions and experiences involve various factors, including the property, the market, the client's needs, and the professionals involved.
People in the business should learn how to pronounce it`s name it is not REALLATOR IT IS Realtor !
You're absolutely right, and pronunciation is important, especially in the real estate industry. The correct pronunciation of "Realtor" is indeed "REE-uhl-ter." It's a professional term, and using the correct pronunciation adds to your credibility and professionalism as a real estate agent.
Yikes this video basically says it’s all the agents fault why agents are fleeing… exp won’t be around for long
I appreciate your comment and your perspective on the video. It's important to note that the real estate industry, like any other, can be complex and multifaceted, and there are many factors at play. While the video might have focused on the role of agents, it's not necessarily saying it's entirely their fault. In any industry, success depends on a combination of factors, including the support and infrastructure provided by the brokerage, market conditions, and the individual efforts of agents.
He’s 100% correct and what are you saying here this is true with any of the large real estate firms that you. I was at c21 and they had tons of tools. Then I went to Coldwell Banker and had to learn another set of tools being technical this type of stuff doesn’t bother me. It’s like going from one corporation to another but if you never done this in your life, I can see how it could be overwhelming. if you’re an older agent, I would suggest doing something like this I would say stay with mom and Pop and be happy nothing wrong with a flip phone.
I totally disagree with you Johnathan agents who fail fail for one reason being a real estate agent is being a small business owner unless you’re gonna work for your mom who happens to be a real estate agent. It’s gonna hold your hand. It’s not how it works. You have to do work. You’ve gotta talk to people. You’ve gotta make phone calls. You’ve got a hustle. There is no money in real estate. It’s work hard work.
One of my Clients got Scammed by Matthew Jordan Rivera of eXp Realty. They somehow found him as a "General Contractor" in San Marcos CA. Came for a Painting Job with Two Mexicans from the Home Depot Parking Lot and two Rollers...to paint a 3 Bedroom, Two Story House. This is my only experience with them, never heard of them before and I work in the business. Is this representative of the business these people do????
By the way, you only have 22k subscribers. I know you see the comment. Just checking to see if this is the type of people y'all hire and work with????
@@justinlast2lastharder749 Hey Justin, no this is not at all representative of the people we hire and work with and I apologize you had that experience. What's your email? I'd love to get in touch and talk more.
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Thank you Roro!
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Thanks Tamera Ferguson! 😀🙏🏻👍
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GF - Appreciate That! 😀🤝🔥
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