Epique Realty Explained: A Comprehensive Guide to Epique Life Hacks
In response to frequent inquiries, I often receive questions about Epique Realty. Many of you are curious about what Epique Realty entails and why I chose to participate. Recognizing everyone’s busy schedules, I aim to keep this explanation concise. Our conversation will be commitment-free; we’ll discuss your needs and explore the options available to you. So, without delay, let’s delve into the 5 key categories that define Epique Realty.
5 Key Categories of Epique Realty
We have No Physical Office
The number one is no office, In our approach-
- Virtual Brokerage: We operate as a virtual brokerage, without maintaining physical office spaces.
- Flexibility: This setup offers flexibility but may not suit those accustomed to traditional office environments.
- Office Facility Access: Some agents and brokers in our network may have access to office facilities, though availability varies by location.
- Area Leaders: We deploy area leaders strategically positioned across different regions.
- Local Events and Collaboration: These leaders facilitate local events and foster collaboration among agents within their respective areas.
- Agent-to-Agent Interaction: This structure ensures agents can still enjoy the benefits of agent-to-agent interaction, promoting a sense of community and support.
- Valued Option: Many in our network value this option for its sense of community and support.
Financials at Epique Realty
In the second point, let’s delve into the financial details.
- Commission Splits and Fees:
- Standard commission split is 85/15, favoring the agent.
- Declining Cap System:
- Initial cap starts at $15,000.
- Cap decreases by $1,000 annually with tenure.
- Reaches a minimum cap of $10,000 after five years.
- Joint and Monthly Fees:
- Joint fee: $99.
- Monthly fee: $99 or $149, depending on the payment method.
- Transaction Fee:
- Set at 0.1%, capped at $500 per transaction.
- Once the annual cap is met, the fee drops to $50 per transaction.
- No Additional Charges:
- No charges for E&O insurance.
- No other annual payments beyond the outlined fees.
Stock Acquisition Opportunities at Epique Realty
Third on the list in our exploration of Epique Realty, another significant aspect is stock acquisition. There are seven distinct avenues through which you can acquire company stock, with six of them offering opportunities to earn free stock:
- Joining Epique Realty
- Celebrating Your Anniversary with the Company
- Making Your First Sale
- Achieving Capping Status
- Bringing a New Agent on Board
- Reaching the Esteemed Status of a Power Agent
Additionally, the seventh option allows you to purchase stock at a 20% discount, capped at 10% of your commission.
It’s important to note that Epique Realty is a private company, meaning its stocks are not publicly traded on exchanges like NASDAQ. This unique status presents various considerations, which we delve into further in related content.
Exploring Epique Realty's Revenue Share Program
Number four would be the revenue share.
- Revenue Share: In addition to the discussed commission structure, Epique Realty offers a notable revenue share program.
- Referral Commissions: Agents earn a percentage of the commission when they refer new agents who join under their guidance.
- Five Levels Deep: The revenue share extends up to 5 levels deep.
- No Restrictions: No restrictive conditions such as production quotas or FLQAs (First Level Qualified Appointments).
- Earnings Potential: Agents can earn 10% of the commission up to a maximum cap.
- Fair and Transparent: Ensures a fair and transparent approach to incentivizing growth and collaboration.
- Example: If an agent’s commission cap is set at $15,000, they can potentially earn up to $1,500 for each referred agent, with this opportunity extending through five levels of referrals.
Read More: Discovering Epique Realty: Revolutionizing Real Estate Why I Transitioned from eXp Realty to Epique Realty
Our Excellent List of Free Benefits
At Epique Realty, we pride ourselves on offering a range of exceptional benefits that set us apart. Our comprehensive list of free benefits stands out as a testament to our commitment to supporting our agents. Here are some of the most sought-after perks:
Complimentary Listing Photos and Signs
- Includes installation services to ensure properties receive optimal exposure.
Billboard Advertising
- Prominent billboard advertising along major highways to boost visibility and marketing prowess.
Complimentary Car Washes
- Regular car washes to keep your vehicle in top shape.
Healthcare Services (Not Insurance)
- Access to various healthcare services for overall well-being.
Invaluable Mentorship Opportunities
- Ongoing mentorship programs with area leaders for guidance and accountability, whether you’re a new agent or a seasoned professional.
These benefits represent just a glimpse into what Epique Realty offers. Learn more from the agent collab.