You probably haven't heard of real estate business eXp World Holdings (NASDAQ: EXPI) , but its recent growth suggests it could soon become a household name. eXp is making waves in the industry by attracting the best real estate agents with generous incentives and a fully digital workplace. The company's focus on making agents happy gives eXp the keys to achieve high growth in revenue and volume while expanding across the globe.
eXp understands a crucial real estate idea: Having the best agents work for you brings customer satisfaction, customer loyalty, and immense revenue growth. Its unique ability to attract those top agents helped the company grow revenue 183% in the second quarter.
To get the best agents, eXp has to offer the best incentives. eXp charges agents very low start-up fees, along with a generous 80/20 split on the first $80,000 of gross commission income, or GCI. Where most brokerages -- like Keller Williams -- sometimes take 30% of all an agent's GCI, eXp is taking less, and only for the first $80k. After the agent reaches $80,000 in GCI, they get 100% of whatever they make; many traditional brokerages do not have a GCI cap.
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If You Don't Know This Real Estate Disruptor, You're Missing Out