Key Takeaways:
– eXp Realty has launched a new program called Thrive to attract more teams of agents in the United States and Canada.
– This program follows the Boost Program and Accelerate Program launched earlier this year to incentivize independent teams, brokerages, and agents to join eXp Realty.
– Team leaders who join eXp Realty through the Thrive program will receive a non-cash equity award based on their previous 12-month production.
– The program is open to teams with more than 11 agents and a minimum of $40 million in annual sales volume.
– eXp Realty plans to extend the program to its international markets, but specific qualifications have not been released.
– The company aims to create an ecosystem where different teams can align culturally with eXp Realty’s values.
– Selected team leaders are expected to provide significant training to their agents to integrate them into the eXp Realty family.
– eXp Realty will release its financial results for the third quarter on November 2nd.
HousingWire:
eXp Realty launched a new program to attract more teams, the Thrive program, to agents in the United States and Canada, the company announced Friday.
Earlier this year, the company launched its Boost Program, followed by the Accelerate Program, to incentivize independent teams, brokerages and agents to join eXp Realty.
With this latest vesting schedule, team leaders who onboard will receive a non-cash equity award proportionate to their previous 12-month production, according to a news release.
“As a company committed to continuously pushing the boundaries in support of our agents, eXp Realty is always looking for new ways to enhance the agent experience,” Michael Valdes, chief growth officer at eXp Realty, said in a statement.
“With the addition of Thrive, we are offering teams an accelerated equity opportunity. We understand that each team has its own unique culture and way of doing business, and we want to provide a platform for them to thrive in our agent-centric environment.”
Teams with more than 11 agents, including the team lead and those with a minimum of $40 million in annual sales volume, will be eligible for the program.
The brokerage plans to launch the program in its international markets where applicable, but qualifications haven’t been released.
eXp hopes the new incentive program fosters an ecosystem in which different teams can align culturally with eXp’s values, according to the release. Selected team leaders are expected to offer significant training to their agents to effectively integrate them into the eXp family.
eXp will release its financial results for the third quarter on Nov. 2.
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Property Chomp’s Take:
Hey there! Let’s talk about eXp Realty’s latest program called Thrive. This program was recently launched by eXp Realty to attract more teams of agents in the United States and Canada. The company has been making waves in the real estate industry with its innovative programs aimed at incentivizing independent teams, brokerages, and agents to join their platform.
Earlier this year, eXp Realty introduced the Boost Program, followed by the Accelerate Program, which garnered much attention. Now, with the Thrive program, team leaders who onboard will receive a non-cash equity award based on their previous 12-month production. This means that team leaders will be rewarded with equity in proportion to their sales performance.
Michael Valdes, the chief growth officer at eXp Realty, stated that the company is always looking for new ways to enhance the agent experience and provide opportunities for growth. With the addition of Thrive, eXp Realty is offering teams an accelerated equity opportunity. The company recognizes that each team has its own unique culture and way of doing business, and they want to create a platform for teams to thrive within their agent-centric environment.
To be eligible for the Thrive program, teams must have more than 11 agents, including the team lead, and a minimum of $40 million in annual sales volume. While the program is initially launching in the United States and Canada, eXp Realty plans to expand it to its international markets as well.
The goal of this incentive program is to foster an ecosystem where different teams can align culturally with eXp’s values. Selected team leaders are expected to provide significant training to their agents to effectively integrate them into the eXp Realty family.
eXp Realty will be releasing its financial results for the third quarter on November 2, which will provide further insight into the company’s performance and success.
Overall, eXp Realty’s Thrive program demonstrates the company’s commitment to supporting its agents and providing them with unique opportunities for growth. By incentivizing teams and offering an accelerated equity opportunity, eXp Realty aims to create a thriving environment for both its agents and the company as a whole.
