STOCK AWARDS
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!
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.
STOCK AWARDS EXPLAINED
Sustainable Equity Plan
eXp Agents receive stock awards for accomplishing specific goals each year. You’ll earn EXP stock shares when you:
- Close your first transaction ($200 worth of EXPI Stock)
- Reach your annual cap ($400 worth of EXPI Stock)
- When an agent your sponsor close their first deal ($400 worth of EXPI Stock)
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 that you sponsor have to be with the brokerage at the time of vesting in order to qualify for the stock award.
Agent Stock Purchase Plan
Agents can participate in Agent Equity Program and receive a 10% discount EXPI Stock when they allow eXp to withhold5% 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.
ICON Agent Awards
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.
- Agents reach their annual commission cap and then sell another twenty (20) homes during their anniversary year.
- Agents generate annual $500,000 in gross commission (GCI), close a minimum of 10 transactions and pay of the ICON qualifying fee equal.
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
