Real vs. eXp

Real Broker LLC and eXp Realty are two well-known real estate brokerages in the United States. Here is a detailed comparison of each company, along with their pros and cons.

Real Broker LLC

Real Broker LLC (REAX) is a publicly-traded real estate brokerage that was founded in 2014. The company operates in several states across the US and is known for its low fees and commission splits. Real Broker LLC also offers a proprietary technology platform that allows agents to manage their business more efficiently. 

AGENT 

• 85/15 commission split 
• $12,000 annual cap, then 100% split 
• No monthly fees 
• $225/transaction fee after cap 
• $125/lease transaction fee after cap 
• $149 sign-up fee 
• $500 annual brokerage fee, paid from first two transactions/anniversary year 

Pros

• Low fees and commission splits
• Proprietary technology platform for agents
• Publicly-traded company

Cons

• Limited geographic reach
• Smaller company compared to other real estate brokerages

eXp Realty

eXp Realty (EXPI) is a cloud-based real estate brokerage that was founded in 2009. The company operates in several states across the US and is known for its virtual office environment, where agents can work remotely from anywhere in the world. eXp Realty also offers a proprietary technology platform that allows agents to manage their business more efficiently.

AGENT 

• 80/20 commission split 
• $16,000 annual cap, then 100% split 
• $25/transaction fee  
• $40 risk management fee per transaction, caps at $500 
• $149 sign-up fee 
• $1,020 annual brokerage fee, paid monthly 

Join the World’s Fastest-Growing Cloud-Based Brokerage

eXp is a global online brokerage that’s powered by top agents and cutting-edge technology. Whether you’re a real estate agent or have a team, or you’re thinking about a career in real estate, eXp Realty offers every agent the unique opportunity to become a shareholder in their own company and celebrate the company’s financial success.

Agents in 50 states and 24 countries including Canada.

Pros

• Virtual office environment allows for remote work
• Proprietary technology platform for agents
• Large company with over 88,000+ agents worldwide

Cons

• High fees and commission splits
• Virtual office environment may not be suitable for all agents
• Lack of physical office space may hinder networking opportunities

In summary, both Real Broker LLC and eXp Realty offer unique advantages for real estate agents. Real Broker LLC may be ideal for agents who are looking for low fees and commission splits, while eXp Realty may be more suitable for agents who prefer a remote work environment. Ultimately, the decision between these two companies will depend on the specific needs and preferences of each agent.

If you have any questions or join WAHOUSES, please contact Cyman Huang or Daniel Wick.