eXp Realty Commission & Net Earnings Calculator
Estimate your net earnings from a real estate transaction with eXp Realty. This tool helps you understand how the commission split, annual cap, and various fees affect your take-home pay for a single deal. The “company share” portion contributes to eXp’s operational costs and the revenue share program.
Understanding Your eXp Realty Earnings
eXp Realty’s model is designed to be agent-centric, offering competitive splits and opportunities for additional income streams. This calculator focuses on your direct earnings from a sale. Here’s a breakdown of the key components considered:
- Gross Commission Income (GCI): This is the total commission earned from a sale before any splits or fees are deducted.
- Agent Split: Typically, eXp agents start on an 80/20 split, meaning the agent receives 80% of the GCI, and 20% goes to eXp Realty. This calculator allows you to adjust the agent’s share if your terms differ.
- Annual Company Cap: Agents contribute 20% of their GCI to eXp until they have paid a total of $16,000 in one anniversary year. After hitting this cap, the agent receives 100% of their commission for the remainder of their anniversary year, less a reduced transaction fee.
- Post-Cap Transaction Fee: Once an agent has capped ($16,000 paid to the company), the 20% split no longer applies. Instead, a smaller flat transaction fee (e.g., $250) is charged per deal. This fee is significantly less than the 20% split.
- Broker Review Fee: A standard fee (e.g., $25) applied to each transaction for compliance and review by the brokerage.
- Risk Management (E&O) Fee: This fee (e.g., $40 per transaction) covers Errors & Omissions insurance. It is charged per transaction until an annual E&O cap (e.g., $750) is reached. After that, no more E&O fee is charged for the rest of the anniversary year.
How This Calculator Works:
1. Enter GCI: Input the total commission for the deal you’re closing.
2. Enter Current Cap Status: Provide how much you’ve already paid towards your $16,000 company cap and your $750 E&O cap *before* this current transaction. This is crucial for accurate calculation, especially if you are close to capping. Default is $0 if this is your first transaction or you’re unsure.
3. Adjust Fee Structure (If Necessary): The calculator pre-fills standard eXp rates (80% agent split, $16k cap, $250 post-cap fee, $25 broker review, $40 E&O fee, $750 E&O cap). You can modify these if your specific agreement or eXp’s general terms change.
4. Calculate: The tool will then determine:
- How much of the 20% company share is applied from this transaction, considering your remaining amount to cap.
- If the E&O fee applies based on your E&O cap status.
- If the post-cap transaction fee applies.
- Your total fees paid to eXp for this deal.
- Your net earnings for this specific transaction.
- Your updated totals paid towards both the company cap and E&O cap after this transaction.
This calculator is a valuable tool for financial planning, allowing you to see a clear picture of your earnings per deal and track your progress towards capping with eXp Realty.
Disclaimer: This calculator is for estimation purposes only. Official commission statements from eXp Realty will determine actual payouts. Fee structures can change; always refer to your Independent Contractor Agreement and official eXp communications for the most current details.