eXp has redesigned the traditional brokerage to create a company where agents can become shareholders.

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eXp Realty is a publicly-traded company (stock ticker: EXPI) and offers every agent the unique opportunity to become an owner in their brokerage and benefit from the company’s financial success. All agents become owners after they sell their first home!

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Agents not only earn stock after selling their first home, there are several annual eXp Realty stock awards for certain achievements, including the opportunity to earn back their yearly commission cap in stock.

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eXp Realty Stock Awards Explained

In 2013, eXp Realty became a publicly-traded company under the ticker "EXPI." While anyone can purchase EXPI stock through their brokerage or retirement accounts, eXp agents are in a unique position because they are able to participate in the stock purchase plan and/or opportunities to receive stock awards each year.

With the Sustainable Equity Plan (aka eXp Realty Stock Awards), eXp agents receive stock awards for accomplishing specific goals each year. You’ll earn EXPI stock shares when you:

• Close on your first transaction each year ($200 worth of EXPI stock)

• Reach or exceed your annual commission cap ($400 worth of EXPI stock)

• Introduce / sponsor an agent and they sell their first home with eXp ($400 worth of EXPI stock for each agent)

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Please note: These eXp Realty stock awards have a 3-year vesting period, but you can keep track of all your awards in Enterprise. Also, the agents you sponsor have to be with the brokerage at the time of vesting to qualify for the award. 

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Agent Stock Purchase Plan

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Another way eXp Realty agents can become an owner in their brokerage is to participate in the eXp Stock Purchase Plan (aka “Agent Equity Program”). Agents receive a 10% discount on EXPI stock when they allow eXp to withhold 5% of the commission generated from the agent’s transaction.

• The stock price / number of shares issued is determined by the closing market value of the last trading day of EXPI stock for the month.

• There is no vesting period for this stock and agents can opt-in (or out) at anytime.
   

With the Agent Stock Purchase Plan the stock is held by a company named Shareworks, where you can view and sell your stock purchases 24/7 with the eXp Enterprise tool.

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ICON Agent Stock Award
 

This stock award is an amazing benefit to the top-producing agents at eXp! Agents who meet certain production levels and cultural requirements can receive up to $16,000 (their annual cap) back in the form of EXPI stock. If you meet one of the following production requirements during your anniversary year, you could qualify for the ICON Agent Award:

• OPTION #1: Agents reach their annual commission cap and then sell another twenty (20) homes during their anniversary year.

• OPTION #2: Agents generate annual $500,000 in gross commission (GCI), close a minimum of 10 transactions and pay of the ICON qualifying fee equal.

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How to Receive the Full $16,000 ICON Agent Stock Award
 

Once you’ve met the production requirements, there are also cultural and participation requirements you must meet to qualify to receive the full $16,000 each year:

• $8,000 – Met your production requirements

• $4,000 – Met eXp’s cultural requirements

• $4,000 – Attended both of the annual eXp events ($2K for each event)

eXp will calculate the number of shares you’ll receive based on the stock price at the time of the award. Each of the requirements have different vesting periods:

• $8,000 Production Award – 3 year vesting

• $4,000 Cultural Award – 2 year vesting

• $4,000 Participation Award – No vesting, you can cash out immediately