In this video, I am going to explore the pros and cons of two of the most popular real estate agents out there: eXp Realty and other agencies.
I will also compare their offerings and rates to show you which is better.
Transcripts:
Chris Bounds 00:00
What were a couple things that really stood out, like, eXp really is the best position for you the best choice, given the alternatives.
Mallory Tidwell
So the figures made the most sense, I feel like the cap is incredibly competitive and beats out many. To be able to have 30,000, paid out commissions, the 80-20 splits phenomenal. But even previous to getting into the 80-20, and of course capping and all that, but you’ve got that mentor, program. That was, that was the basis of everything. My mentor was phenomenal. And I, I credit her for so much, because without that, and she was a daily interactor with me for those three transactions that I mean, the test is a nice start, but you really don’t know much when that test is finished. So and even, you know, I feel like every transaction, I’m learning something, and I spoke to a friend that she’s done 100. And she’s like, I just learned something new, I didn’t know from this one. So we’re always growing, but you got to have a solid foundation, because this is not a arena, you need to make mistakes. You’re working with money. You need to kind of be aware and know what you’re doing. I’m grateful for that. I think been awesome. The brick and mortar, not having that was a concern for me. And that may be for some other people. But I think I was able to push through that and knowing you’re going to build connections with realtors, whether it’s eXp or not, but specifically, in the eXp family, I feel like everyone is very aware that, we necessarily don’t have a brick and mortar to go to and interact with each other. And they make up for it in the way that you do kind of build a relationship. Apart from that. About a week and a half ago, I was kind of boots on the ground for an eXp colleague that was going to be away on a vacation and I wasn’t really needed much. But we’re friends, and we were able to still look out for each other. Last night, a colleague was able to open a door for me because I couldn’t get there as quickly and she lived in the neighborhood and she’s an eXp. You’re not going to be isolated. My guess is you don’t have to be if you’re just outgoing enough to reach out and get to know them.
Chris Bounds
Yeah, um, I’ve had on multiple occasions, like newer agents, eXp agents reach out, Hey, can I do some open houses or other types of collaboration because we don’t have the physical office. But one thing I like to stress with folks is like, eXp corporate isn’t a cloud. eXp agents were real people in real communities dealing with real houses, and real clients. Like, all of those are real. There’s no cloud about the agent, the operations in the cloud, so we don’t necessarily have to go in office, because ultimately when you’re at the office, in the real estate industry, the brokerage industry, like that’s not where sales happen and sales happen in houses, meaning we acquire buyers and sellers like that’s where the money happens. So ultimately, now, teams have offices, individual agents, like earlier, I was talking with Kelly endale, like she’s building her own office. And so certain agents may want to do that. And that’s okay. I think Matt shares an office, like your sponsor with with another real estate professional.How has eXp impacted your business?
Mallory Tidwell
Since the point you talked about the mentorship program, which is huge. Your first return transactions and just really get you on a quick start, but since that point, how has it impacted your business? You know, it’s it’s moral support. It’s interacting with people from newbies, to the ones that are just doing million dollar deals, and they’re all open to chat. I feel like it is a family. I think that’s what’s something that’s very special that I don’t feel like anyone’s looked down on. I feel like you really have sweet connections to folks. And you know, I feel like I can call on several and get questions answered. And you know, I’ve been grateful to you. You’ve helped me on a couple of things, too. So it’s a special group of people. They’re all very stellar and I’ve not met one that was not. That’s always nice.