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TODAY'S OTHER NEWS

Agents switch to self-employment as brand celebrates 200 recruits

eXp UK - an agency brand with roots in the US - says it now has 200 self-employed agents operating under its banner in this country. 

Led by Adam Day, a veteran of three online firms, eXp UK’s 200 figure comes just three months after the firm announced the 150 agent milestone.

Day says: “It’s quite an achievement to have grown at such a fast rate in such a short space of time. We launched just over 18 months ago, and to have 200 agents already having joined, it goes to show how powerful our technology, platform, systems & processes truly are.”

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eXp allows agents to keep a minimum of 70 per cent of the commission they generate. Once the agent produces gross commission income of £80,000 within their anniversary year, they go on to receive all their commission, bar a flat £250 per completion. 

Agents can also earn equity in eXp World Holdings stock for listing and selling activities.

Day continues: “The eXp model helps agents to build a secure financial future and it’s just one of the many reasons that we’re growing at such a rate. 

“As an estate agency business that puts the agents at the core of everything we do, those in the UK who have joined us, are realising that we truly do live by that.”

eXp Realty was launched in the US in 2009 and debuted on the Nasdaq in New York in 2014. The company has opened in a further 12 other countries since launching in the UK, in November 2019.

eXp UK recently announced a roadshow where it will explain its business model  and promote partner agents who will be explaining some of the strategies used to build success with the eXp model.

The roadshow events are free and will follow Covid guidelines, with a limit of 30 people per event, open to any estate agent. 

Agents can book here.

  • Chris Arnold

    Not just agents, but experienced agents. That's the crucial difference. It's easy to add a couple of hundred 'tyre-kickers', but convincing those that understand what they are doing is so much more challenging. Adam is building a great team around him.

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