I never thought in a MILLION years I'd ever change brokerages...that's how much I loved my previous firm. However, after being introduced to eXp Realty and doing my due diligence, I couldn't hardly transfer my license fast enough.
Here's the deal. As a real estate agent, you only have so much time in a day, so you can only produce so many transactions in a year. It's a numbers game, just like any other business. So while I can produce a full-time income on a stay-at-home-mom schedule, if I'm not 'working' I'm not producing.
Passive income has always been my goal, I just didn't think it would pan out quite like this. Instead, I thought I'd use my earnings from real estate to invest in rental properties or other income producing assets...but in all honesty, I think this is even better.
Here's a video that will explain it better than I can, but at the end of the day, this model allows for me to offer training to agents in a fiscally responsible way (because guys, let's remember, this is a business, not a hobby!), allows us to share information like a team, while we all keep our own book of business AND it allows us all to be networked on a national level. There are a lot of upsides to this model, at first glance, there are five simple revenue streams that can be built in the eXp model:
1. You're own book of business
2. Opting in on stock options with each transaction
3. Supporting agent growth by developing training programs and partaking in profit sharing
4. Referring deals in your network for a 25% referral fee
5. Re-selling your training programs outside of your network
I'm certain as I dig in, I'll find more and more, which I'll then share with agents on my 'team.'
If you're a real estate agent that wants to grow exponentially, join me. Join me in learning, sharing and growing. I can't think of a better way to build out your business and trust me, I've researched it. I'll be teaching all the agents on my team all my tricks inside my private FB group.
Hi, I'm Amy. When I'm not scouring the valley for the perfect new house, you can usually find me in the kitchen with a gaggle of kids. Chips, salsa and a Diet Coke are usually in hand.