Epique Realty vs. eXp Realty [2024 Updated In-Depth Comparison]
In the competitive world of real estate brokerage, choosing the right company can significantly impact your career trajectory. This article delves into a detailed comparison between two prominent players: eXp Realty and Epique Realty. We’ll explore their offerings in terms of lead generation, revenue-sharing models, and business growth opportunities. Whether you’re a seasoned agent looking to maximize earnings or a newcomer searching for the best start, understanding these differences is crucial.
Commission Splits and Fees
Let’s start with the commission splits for each company. Both eXp Realty and Epique Realty are cloud brokerages, allowing you to build teams nationwide. However, while eXp is an international company, Epique is still developing its nationwide presence but allows for multiple state licenses under one cap. Learn more.
eXp Realty:
- Commission Split: 80/20 .
- Cap: $16,000 cap.
- Post-Cap: 100% commission for the remainder of the anniversary year with a $250 transaction fee, capped at $5,000, then reduced to $75.
- Startup Fee: $149.
- Monthly Cloud Brokerage Fee: $85.
- Additional Fees: $25 broker fee and $60 risk management fee (capped at $750).
- Technology: Includes the eXp world and KV Core CRM, with optional Chime or Lofty CRM upgrades for $40.
The $85 monthly fee includes all the tech in eXp World and the KV Core CRM. Some agents upgrade to Chime or Lofty CRM for an additional $40.
Epique Realty:
- Commission Split: 85/15
- Cap: $15,000 cap, declining annually over five years to $10,000.
- Monthly Fee: $149 or as low as $99, if paid annually.
- Transaction Fee: 0.1% with a $500 cap per transaction, reducing to $250 post-cap.
- Startup Fee: $99.
- No Additional Fees: No franchise, annual, or desk fees.
- Technology: Included in the monthly fee, specifics not detailed.
One unique feature of Epique Realty is the declining cap, which decreases each year for the first five years from $15,000 to $10,000, remaining at $10,000 there after.
Team Structures
eXp Realty:
- Types of Teams: Domestic, Standard, Self-Organized, Mega Team.
- Domestic Team Option: For husband and wife
- Standard Team Option: Equivalent to Epique’s standard team
- Mega Team: Requires $40 million in production and 175+ sales. $16,000 cap for team leader, $4,000 for team members.
Epique Realty:
- Types of Teams: Family Team, Standard Team, Unofficial Team, Power Team.
- Family Team: For husband and wife or family duos
- Power Team: Requires $40 million in production or 140+ sales. Cap is $5,000 for team members, $15,000 for team leader, reducing annually.
- Transaction Fee for Teams: Lower transaction fees for power team members
- Benefits: Team members can achieve Power Agent status and get their cap back in stock, unlike eXp.
One significant difference is that Epique Realty’s team members can achieve power agent status and get their cap back in stock, an option not available at eXp. Team members at Epique also benefit from lower minimum split amount of 5%, compared to 25% at eXp. View more.
Stock Equity Program
eXp Realty:
eXp Realty, a publicly traded company, provides several avenues for agents to earn stock in 3+1 ways:
- Closing your first transaction each year.
- Reaching your annual commission cap.
- Sponsoring new agents who close their first sale.
- Achieving icon status.
Additionally, eXp Realty offers an Equity program where agents can purchase company stock at a 10% discount by withholding 5% of their commission.
Epique Realty:
Epique Realty offers lower stock prices post-public offering, which appeals particularly to new agents looking to invest, while privately held, also provides robust stock incentives in 6 ways:
- Joining Epique Realty.
- Hitting an Anniversary Date.
- Selling your first home with Epique.
- Recruiting new agents.
- Achieving capping.
- Hitting power agent status.
Epique Realty stands out with a more substantial 20% discount option for purchasing stock, with agents able to withhold either 5% or 10% of their commission per transaction. Learn more.
Agent Statuses
eXp Realty:
Epique Realty:
Power Award Status
- Equivalent to Icon Status: Epique Realty’s Power Award status is comparable to Icon status.
- Earning Criteria: Achieved by closing 24 transactions or reaching $10 million in sales volume.
- Benefits:
- Lower monthly costs
- Enhanced revenue share on frontline agents. [Source]
Tech Stack Comparison
eXp Realty:
- Transaction Management: Offers SkySlope for transaction management.
- CRM: Optional upgrade to KB Core or Lofty for an additional $40
- Internal Communication: Utilizes Workplace by Facebook for internal communication.
- Virtual Platform: Provides eXp World as their virtual platform.
Epique Realty:
- Lofty CRM
- Main CRM system
- Auto Upgradation
- Epique Cloud
- Centralized platform for all agent needs
- Features include:
- Sign ordering
- Listing management
- Referral networks
- Additional Tools
- Canva Pro account
- Various AI certifications
- Social Bay for automated social media posting
Training and Mentoring
eXp Realty Training:
Certified Mentor Program
- New Agents: Assigned a certified mentor for their first three deals.
- Commission: Mentor receives a 20% cut on these transactions.
eXp Cloud
- Training Sessions: Extensive sessions, though not all may be immediately relevant.
- Recordings: Available for later viewing.
- State-Specific Training: Tailored to individual state requirements.
- Additional Resources: Available on their YouTube channel and the eXp Family Tree platform.
Epique Realty Training:
- Area Leaders: Strategically placed across the nation to assist agents with training and collaboration.
- Orbit Program: An interactive training platform that agents can complete at their own pace.
- Partnerships:
- Training from Ryan Serhant
- Free CE courses for agents
- Business planning program to help agents run their operations more efficiently
Benefits Comparison
eXp Realty Benefits:
- Stock Incentives: Beyond the standard stock incentives, agents can benefit from a variety of additional offerings.
- Health Sharing Programs: eXp Realty provides access to health sharing programs to support agents’ well-being.
- Discounts on Business Essentials: Agents can enjoy discounts on business essentials through the eXp Store, helping to reduce operational costs.
Epique Realty Benefits:
- Health and Well-being: Free healthcare, mental health services, and prescriptions are provided.
- Listing Benefits: Free listing signs, installation, photos, advertising, and email blasts.
- Marketing Tools: Includes AI tools, Canva Pro, and various templates for buyers’ and sellers’ guides.
- Additional Perks: Free transaction coordination (TC) services, car washes, listing, and digital billboards. They also offer various marketing forms and digital billboards where available.
Lead Generation and Opportunities
eXp Realty:
- Extensive Training Programs: eXp Realty offers leads through their comprehensive training programs, including express Offers and the Revos program.
- Relocation Opportunities: These programs feature opportunities such as relocations, which can provide agents with a higher commission split.
- Commission Split: Agents can earn a split from 48% to over 50%, depending on the specific opportunity.
- Utilization of Offerings: Some agents may not fully utilize eXp’s extensive offerings, potentially missing out on available leads.
Epique Realty:
- Free Leads with No Splits: Epique Realty provides free leads without any splits.
- Diverse Lead Sources: Leads come from various sources such as for sale by owners (FSBO), expired listings, canceled listings, and Google Pay-per-Click.
- Free Listing Advertisements: Listings are advertised for free on platforms like Facebook and Instagram.
- Direct Benefit to Agents: These free advertising efforts directly benefit the agents.
Revenue Share Models
eXp Realty:
- Seven-Tier System: eXp Realty’s revenue-sharing model is tiered into 7 levels.
- Frontline Qualifying Agents: Agents must have a designated number of Frontline qualifying agents to access higher tiers.
- Qualification Requirements: To maintain eligibility for higher tiers, agents need to achieve and maintain a specific commission threshold every six months.
- Challenges: Meeting these qualifications can be challenging for agents, requiring consistent performance and growth.
Epique Realty:
- Unrestricted Revenue Sharing: Agents at Epique Realty benefit from unrestricted revenue sharing, allowing them greater autonomy and potential earnings.
- There are no front-line qualifiers.
- 5 Levels deep
- Company commission is 10%
- Unlocked Levels
- No Buffering
- No restrictions [Source]
Company Culture
eXp Realty:
- Offers Stock options and ownership opportunities.
- Appeal to agents interested in long-term investment.
- Opportunity for growth within a well-established brokerage.
Epique Realty:
Agility and Innovation: Emphasizing its dynamic approach in the real estate market, adapting swiftly to industry changes and trends.
Lower Entry Point for Stock: Offering stock options that may be more accessible to investors due to its newer market presence. Stock price is lower than eXp realty.
Focus on Inclusive Company Culture: Prioritizing a welcoming environment that encourages diversity and inclusivity among its agents and staff.
Conclusion
In the realm of real estate brokerage choices, Epique Realty emerges as a compelling option over eXp Realty for several key reasons. Epique Realty offers a tailored approach to lead generation with robust training programs like Express Offers and Revos, ensuring agents have access to diverse opportunities. This structured support system, combined with a straightforward revenue-sharing model that doesn’t impose qualifying criteria, empowers agents from day one. Epique Realty’s commitment to agent growth and community cohesion fosters a supportive environment where agents can thrive and achieve their career aspirations effectively. For agents seeking flexibility, growth potential, and a collaborative community, Epique Realty stands out as the ideal choice in the competitive real estate landscape. Learn more from The Agent Collab.
