You’ve probably heard the buzz about eXp Realty South Africa Stock already and are dying to find out what the excitement is all about.
Well there’s a lot of reasons that agents in South Africa and all around the world are excited about the opportunity that eXp Realty presents. With the absolute best and most efficient system and business model for real estate agents along with equity and a residual income revenue share model agents are flocking to eXp Realty South Africa!
We can go on for hours on why agents from around the globe are partnering with eXp Realty, but today we are going to talk about how you can actually become an owner of eXp Realty along with Founder Glenn Sanford and CEO Jason Gesing and other executives and agents in the company.
More specifically, how you can do that as an agent at eXp Realty South Africa.
5 Ways to Be an Owner as an Agent at eXp Realty South Africa – Own eXp Realty South Africa Stock!
- Complete your first transaction every year
- Hit your company commission split cap every year
- Enroll in the Agent Equity Program
- Participate in Revenue Share
- Become an ICON Agent
1) Completing One Transaction Per Year
Now before we get started you might be wondering how an agent can become an owner at eXp Realty South Africa at all.
Well that’s actually quite simple. With eXp Realty South Africa Stock awards!
You see, EXP World Holdings LLC, the holding company of eXp Global and eXp Realty South Africa is a publicly traded company on the NASDAQ stock exchange (Stock symbol: EXPI). And as a publicly traded company, agents have many ways to earn stock shares in the company for completing simple milestones. The first one being: closing one sale every year.
That’s right. Just by simply closing your first transaction every anniversary year as an eXp Realty South Africa agent, you can earn shares in the company in the form of EXPI stock awards.
Upon the completion of your first sale every year as an eXp Realty South Africa agent, you are awarded R2,000 worth of EXPI stock by the company!
This is a great way for the company to award agents of any skill or experience level co-ownership of the company by earning eXp Realty South Africa Stock for simply participating in any activity at all.
2) Hitting Your Cap
The second way to earn ownership through eXp Realty South Africa Stock is to complete enough sales volume to reach your cap.
At eXp Realty South Africa agents are on a 75/25 commission split with agents receiving 75% of every sales commission until an agent hits their cap. A cap is simply the amount of money you have to pay to the company in commission splits to be able to receive 100% of your commission for the rest of your sales that year. At eXp Realty South Africa the cap is R150,000, which means once you’ve paid R150,000 to eXp, you are eligible to receive 100% of your commissions for the rest of that year.
But 100% commission is not where the rewards end for hitting your cap as an eXp Realty South Africa agent. On top of getting to earn 100% of your sales commissions for the rest of the year, you are also awarded an additional R4,000 worth of EXPI stock by the company!
That’s a total of R6,000 worth of EXPI stock earned for every year that an agent caps at eXp Realty South Africa.
3) Agent Equity Program
The third and most consistent way to earn shares of eXp Realty South Africa Stock is by enrolling in the optional agent equity program.
By enrolling in this program, agents choose to invest 5% of their sales commission income to purchase EXPI stock at a 10% discount for instant equity.
As an estate agent, your only as good as your last paycheck, so it is difficult to plan for retirement when your income is inconsistent. Sure your business will only grow as time progresses, but knowing that you will be automatically investing in a discounted stock plan with every sale you make can make your future retirement planning a lot less stressful .
4) Participate in Revenue Share
This next way to become an owner at eXp Realty combines two of the most popular programs the company has to offer to agents. The agency equity awards program and the residual income revenue share team building model.
If you don’t already know, revenue share is where you can earn residual income annually for referring and sponsoring other agents to the company, building a global team of real estate agents. Since eXp Realty is active in over 7 different countries and territories in the world, you are able to grow this business not only in your own market, but globally as well to truly tap into its potential.
If you would like more details on how the revenue share team building model works, check out our article on Building a Global Real Estate Team.
Participating in revenue share at eXp Realty doesn’t just add to your residual income, it can also help you become an owner at the company.
For the completion of the first sale of each agent you sponsor to the company each year, you are awarded R4,000 worth of eXp stock by the eXp Realty South Africa Stock program. Now this model is extremely powerful because instead of being able to earn this award only once a year, you can sponsor multiple agents and earn the same award of R4,000 worth of stocks multiple times.
For example, if you sponsor 6 agents to eXp, assuming that they all completed one transaction each year, you are able to earn up to R24,000 worth of EXPI stock every year! Now think what that number might be if you sponsored 12 agents, or 24, or 40 agents…
5) Become an ICON Agent
The last way to earn shares in the company is also the reason why eXp Realty has been able to quickly attract top producing agents in any part of the world that they have expanded to. That is the ICON Agent award.
Before we dig in to the benefits of becoming an ICON agent at eXp and how that works for the eXp Realty South Africa Stock program, let’s quickly go through the requirements to become a company recognized top producer at eXp Realty South Africa.
To become an Icon agent at eXp Realty South Africa, first you would have to hit your cap of R150,000. Then you would have to make a total of R5 million in gross commission income for the year. Once you’ve hit a total sales volume of R5M for the year, you are officially an ICON Agent and are eligible to earn your entire cap of R150,000 back in stock awards.
That’s right, you can earn your entire cap of R150,000 back in EXPI stock as if you’ve paid no commission splits to the company at all by becoming an ICON Agent!
But in order to earn your full R150,000 cap back in stock awards as an ICON agent you would have to complete a few additional cultural milestones at the company first.
The first one being that you must participate in 2 social responsibility events sponsored by eXp Realty South Africa that year. Once you do that you are eligible for your first R5,000 of stock awards. The next milestone you must complete is to teach 6 sessions as an ICON instructor and participate in one ICON Agent mastermind event inside eXp World, the cloud based environment in which eXp Agents and staff members do business. Once you have completed those milestones, you are eligible for an additional R70,000 of EXPI stock.
The final and easiest requirement to earn your full R150,000 of eXp Realty South Africa stock is to stay at the company as an eXp Realty South Africa agent for a minimum of 3 years after you’ve hit your ICON status.
Once you have completed all these milestones you have earned your full R150,000 cap back in eXp stock.
What are you waiting for? Own a part of your Real Estate Company Today!
Now that you have gotten all the information you need about how you can become an owner instantly at eXp Realty South Africa, what are you waiting for? While equity opportunities are just one of the many reasons why agents are flocking to eXp Realty South Africa, it is one of the three pillars of wealth building and the opportunity should not be taken lightly.
Find out how you can not only take advantage of this massive opportunity but absolutely capitalize on it and gain an edge over other agents in your market place and around the globe by booking a FREE no obligations consultation with us below!