How to Leave a Team in eXp Realty

To remove yourself from a team in eXp Realty, you must speak with your Team Leader or Team Admin, as they are responsible for managing team accounts and removing agents. The process involves requesting that your Team Leader or Team Admin remove you from the team account, as eXp Realty Support does not handle agent removals from team accounts directly.

Understanding Team Dynamics in eXp Realty

Team Agreement and Roster

When a team is formed within eXp Realty, a written team agreement must be submitted to eXp for approval. This agreement outlines the terms and conditions of the team’s operation, including commission splits and revenue sharing. Additionally, a team roster is required to clearly define which agents are part of the team.

Frequently Asked Questions

1. What is the process for being removed from a team in eXp Realty?

• To be removed, you must contact your Team Leader or Team Admin, as they are the ones who can remove you from the team account.

1. Why do brokerages join eXp Realty?

• Brokerages are attracted to eXp Realty due to its commission splits, lead generation tools, revenue share program, and the opportunity for agents to become owners in the company through its stock program.

1. Why do some agents leave eXp Realty?

• Many agents leave to pursue opportunities where they can have greater control over their personal brand and marketing.

1. How does eXp Realty work with teams?

• eXp provides standard team forms that are customizable to fit the team’s specific needs, and a team roster is required for clarity on team members.

1. What is the eXp cap, and how does it work?

• The eXp cap refers to an 80/20 commission split until an agent reaches their $16,000 annual cap. After reaching this cap, the agent keeps 100% of their commissions for the remainder of their anniversary year.

1. What does capping mean at eXp Realty?

• Capping means an agent has met the annual maximum amount in required commission splits and will then receive 100% of the gross commission income earned on each subsequent transaction.

1. Does eXp Realty send leads to its agents?

• eXp Realty offers a lead generation program for a monthly fee, providing agents with a specified number of leads.

1. How long does the Teams Exploratory Experience last?

• For users with a tenant-based organizational trial, the Teams Exploratory experience lasts for 12 months, followed by a 30-day grace period.

1. What is the controversy surrounding eXp Realty?

• eXp Realty has faced allegations regarding the handling of misconduct by some of its agents during recruiting events.

1. How many eXp agents are there as of 2023?

   • As of June 30, 2023, there were 88,248 agents and brokers on the eXp Realty platform.

2. Can I change my eXp sponsor?

   • Once you join eXp Realty, you cannot change your sponsor, as the sponsorship chain is established upon joining.

3. Is eXp Realty a 100% commission brokerage?

   • eXp Realty operates on an 80/20 commission split until the agent reaches their $16,000 cap, after which they keep 100% of their commissions.

4. How do I become an eXp ICON agent?

   • To become an ICON agent, you must meet specific production requirements, including reaching the eXp annual cap or achieving an annual gross commission income of $500,000 with a minimum of ten closed transactions.

5. How does an eXp sponsor get paid?

   • An eXp sponsor earns revenue share from the company’s income, which is half of the 20% commission split paid by the sponsored agent.

6. What is the difference between Teams Exploratory and Microsoft 365 Business Basic?

   • Microsoft Teams Exploratory is a free trial for users to experience Microsoft Teams, while Microsoft 365 Business Basic is a paid subscription that includes Teams along with other Microsoft services.