Boston Realtor Mike Mahoney
Michael Mahoney
617-615-9435617-615-9435

Archive for the ‘eXp Realty’ Category

Should I Join eXp Realty?

September 21st, 2018 by Michael Mahoney

Should I Join eXp Realty?

There are a lot of real estate agents joining eXp Realty this year. Since I joined around January 2018, the company has doubled in size.  As a result of all these agents signing on,  many people call me to ask me the following question – “Should I Join eXp Realty?”

The answer to the question really depends. It depends on you. It’s not the brokerage for everyone. Every agent has their own specific needs and wants.

What I can say for sure is the following:

If you like paying desk fees and royalty fees and enjoy hearing about the vacation home your broker bought with your commissions, then you should stay where you are.

At eXp Realty, there are no desk fees. No royalty fees. No franchise fees. Agents keep 80-100% of their commissions. eXp Realty also offers every agent the unique opportunity to become a shareholder in their own company, and celebrate the company’s financial success.

The bottomline for mos agents is that this will be a very cost effective solution for them to operate their real estate practice within. The following is the current (9/18/2018) costs associated with affiliating with eXp Realty.

These are the costs associated with joining exp realty. This is helpful to understand while you are wondering if you should join exp realty

See more about eXp here

What’s different about eXp Realty?

Many agents are accustomed to “going to the office” even though after 17 years I pretty much stopped going into an office a long time ago.

The basis of eXp Realty is that it is an online cloud brokerage. Essentially, all brokerage operations and interaction with the back end of the company are done over the internet using an online campus where you communicate in real time with staff and support.

It’s an amazing platform where you don’t have to drive to the office to track down a check or a form that you need for your transaction. You can visit the brokerage operations online and speak with staff in real time from anywhere you are.  Remember the last time you drove to the office to track something down only to find out that the support staff member was not available that day to help because they were off site?

exp Realty virtual world

You can access accounting, tech support and brokerage operations from anywhere you have internet connection in real time at eXp Realty

 

Bricks and Mortar Brokerages Versus Online Brokerages Like eXp Realty

As an agent who has been at it a long time, I pretty much have not used the office in very long time. Although for many years, I always maintained a desk or an office in the brokerage, I realized that I never really used the office space that I was paying for. I have been with Coldwell Banker, Re/Max and Keller Williams. Each model has it’s own pros and cons.  I would say that I ultimately enjoyed all my time with Keller Williams the most in that it’s model aligned best with my personality.

However, when I was shown eXp Realty by some former Keller Williams agents it was a no brainer for me.

After realizing how much I was paying the broker that I was with for office space I did not use, eXp Realty was a “no brainer for me”.  Just in the commission splits alone, I probably saved over $10,000 a year basically doing the same business without the excessive office charges for space that was not being used. If you add in the monthly expenses, and the revenue sharing plus the stock awards it’s probably closer to a $15,000 per year savings.

Does Having an Office Space at The Street Matter?

Today, the clients are so mobile, they almost prefer to have you meet them at locations that work for them. In the Boston area where I work, there is pretty much a Panera or Starbucks in every town so I often meet clients there.

Many agents at eXp rent their own spaces with a couple friends.

 

 

 

Join eXp Realty Boston and Save Thousands of Dollars

April 23rd, 2018 by Michael Mahoney

Join eXp Realty: Today and Save Thousands of Dollars

Most agents with franchises are leaving thousands of dollars on the table.  The broker owners are usually overcharging and under delivering to the agents in their offices. One phone call with Realtor Michael Mahoney of eXp Realty could be worth at least $10,000 per year and ownership in our company. Don’t believe me? Call me at 617-615-9435

Joining eXp Realty in Boston starts with a conversation with one of our local agents.

Each week, we do a webinar on eXp explained and show you the systems and backend.

Local real estate agents wishing to join eXp Realty must be sponsored into the company.  Agents in our company identify talented individuals in the real estate profession or people looking to become real estate professionals and sponsor them into our company.

Agents joining eXp Realty are sponsored by existing eXp agents. This ensures that agents in the company are building the company the way see is best. eXp Realty is a global community designed, powered and owned by our agents and partners, transforming the real estate experience. By empowering the agents to build the company, eXp is building a company that agents will want to be with for a long time.

Call me if you have questions at 617-615-9435. 

Top 7 reason Agents Join eXp Realty in Boston

joining exp realty in greater boston

1. Incredible splits. The brokerage only receives $16,000 in commissions per year. The rest is yours to keep. You are paid 80% and once the company receives 16k, you go to 100%.

2. Agents earn stock in the company. As you hit performance benchmarks, the company issues company stock awards. The company is publicly traded under the stock symbol expi.

3. Monthly company revenue sharing for agents looking to develop passive income streams.

4. The association fee is only $99.00

5. The monthly fee for everything is only $50.00

6. 16 Live lead generation, technology and business development classes per week.

7. Access to support live from 9 AM to 8 PM est.

Want to know more about joining click here eXp Realty in Boston   – If you have questions about joining eXp Realty call my cell phone anytime at 617-615-9435.

Download the Agents’s Guide to Joining eXp Realty

Download the Guide to Joining eXp Realty below. The guide should answer all of the questions about eXp culture, business models, systems and overview of the benefits of becoming an eXp agent.

Growth at eXp Realty

When I started with eXp Realty it was 6000 agents at the end of December 2017. It’s now over 13,000. The company also just uplisted onto the NASDAQ. The day it went onto the NASDAQ, the market cap was 1 billion.

The stock symbol for eXp Realty is EXPI.

In perspective, Remax is over 40 years old and their market cap was 944mm the same day.

Join the revolution in real estate. Would you rather be with Best Buy or Amazon in retail right now. If you owned a Blockbuster video, but had information that Netflix was coming, what would you do?

The support and systems to scale that quickly are amazing. Agents who I meet are so happy to have made the change. Most say they wish they did earlier. See the testimonials from agents who have affiliated with eXp Realty at the bottom.

Agent-Ownership is Real at eXp Realty

Our family of agents builds their own businesses while having the opportunity to also establish a direct ownership interest in eXp World Holdings, eXp Realty’s holding company, as a shareholder and partner.  When agents join eXp Realty, they are granted stocks in the company. This aligns the agents to the company values and treats them as a true owner.

The eXp Stock is Publicly Traded on the NASDAQ under the symbol eXpi

eXp Realty just announced that they have been listed on the NASDAQ.

eXp Realty Versus the Traditional Real Estate Brokerages

In a traditional brokerage, you affiliate as an agent in a company. The broker/owner then gets a cut of the commissions.  At eXp Realty, there are no local franchisees. You the agent deal directly with the eXp International.  There is no middle man. By reducing the amount of middlemen in the model, eXp is able to grant stock and stock options to their agents making them direct ownership partners.

Maximum Earning Potential – Keep More Money in Your Pocket

No desk fees. No royalty fees. No franchise fees. Keep 80-100% of your commissions and participate in one of the industry’s most rewarding icon-agent programs. Agents at eXp Realty can receive revenue share from the people they sponsor into the company. Revenue share is paid by eXp Realty company dollars and doesn’t reduce agent commission, and there’s no limit to the amount agents can earn.

expense for joining exp

As of 9/28/2018

 

eXp is Revolutionizing the Real Estate Model

eXp Realty’s revolutionary virtual-office business model does away with the added costs of a traditional brick-and-mortar brokerage. This means no desk fees, no franchise fees and no royalty fees. Keep 80-100% of your commissions, and enjoy a low company cap. Most agents today never go into the office. The Internet has made it so the majority of agents are working virtually everyday. Why not get the income you are leaving on the table at the “traditional brokerage” you are working at virtually anyways.

Read about some top agents who have joined eXp Realty

Thinking About Joining eXp Realty in Boston? Click here

eXp Realty – Our Culture

At eXp Realty, our family of agents and brokers build their own businesses while
establishing a direct ownership interest in the company as a shareholder and partner. The greatest asset of any real estate brokerage is the group of agents and brokers who are a part of it. In our view, those agents and brokers should be owners and at eXp Realty, they are.

eXp is attracting like-minded successful brokers and agents seeking to leverage technology while off-loading office walls, managing the office, training and support functions. Through the innovative use of technology, the company provides agents, teams of agents, and brokerage owners with opportunities for increased profitability, reduced risk, and greater levels of professional development while fostering an organizational culture that values collaboration,strength of community, and commitment to serving the consumer’s best interests.

See some Testimonials from Agents Who Joined eXp Realty

 

eXp agents are not constrained by brick and mortar obligations, capital requirements or structure not central to broker, agent, buyer and seller needs.

eXp seeks to take advantage of a world digitally connected in ways never thought possible and inspire its people to leverage the best technologies to be the service leader in the real estate industry.

Most notable among the technologies that the company employs, and one that distinguishes it from any of its competitors, is a 3D, fully-immersive, cloud campus complex which has meeting rooms, training centers, outdoor spaces, and in which the company’s management, staff, agents and brokers all work on a daily basis learning from, sharing with, transacting business with, and socializing with colleagues from across diverse geographies.

eXp agents are working together to build businesses, build and enhance brands, increase profitability, reduce overhead and risk, and achieve bold career and life goals, all while establishing a direct ownership interest in eXp Realty as a shareholder and partner. Come and get your ownership in this company.

If you have questions about joining eXp Realty and being mentored by me personally call my cell phone anytime at 617-615-9435.

Thinking About Joining eXp Realty in Boston, get more about exp realty here

 

123 Pine Street Holbrook MA is for Sale by eXp Realty

April 10th, 2018 by Michael Mahoney


123 Pine Street Holbrook MA 02343
Overview
Maps
Photos
Description
Neighborhood
Homes in Holbrook
$449,000
Single Family Home
Main Features
4 Bedrooms
2 Full Bathrooms
1 Unit
Interior: 2,214 sqft
Lot: 7,193 sqft
Year Built: 1910
MLS #: 72306129
Location

123 Pine Street
Holbrook, MA 02343
USA

See the video of 123 Pine Street in Holbrook


Michael Mahoney Realtor Michael Mahoney Realtor

eXp Realty
(617) 615-9435
mike@mmahoney.com
http://www.realtormikemahoney.com

      

Listed by: James Matthew eXp Realty

Our recent listings

 

Subscribe to our listing feed
See more Holbrook, MA real estate for sale

Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

Review Michael Mahoney on Zillow.com

Community Events

There are no events scheduled for 02132 at this time.