Here’s just a few excerpts from an in depth article from The Real Deal:
“I think it would be seriously myopic to say no one will be interested,” said Mark Chin, managing director of Keller Williams Tribeca, who noted that he’s had several frank conversations with his top agents who’ve been approached by eXp brokers.
The firm — which gives agents access to Regus offices around the country for in-person meetings — also offers real-world perks like company stock and a revenue-sharing program. In addition, agents start at a high 80 percent commission split on their first $80,000 in gross commission income and only have to pay the firm a maximum of $16,000 a year on their commissions.
“In 10 weeks, we’ve already done a lot more than we could have ever done at the other companies we were with,” said Tracy Ellis, a Missouri agent who works with her husband, Rick Ellis. The Ellises sold $32 million worth of real estate at Keller Williams last year and have brought 11 people to eXp to date.The firm’s formula seems to be working.
Canavan said the company held off on entering the New York market until the time was right. “The plan of growth was, once the company was truly established and could meet the needs of New York City agents and the idiosyncrasies that go along with that market, then we launch,” she said.