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Xp World Holdings is introducing two significant changes to its compensation structure for real estate agents. The new incentives will take effect on November 1 and are designed to reward high-performing agents with additional benefits, said founder Glenn Sanford.
The ICON Incentive Program credits agents who have reached ICON status - a designation based on performance tied to the company's core values - with 30 "front line qualifying agents" (FLQAs) for 13 months, maximizing their revenue share potential across all levels of eXp's seven-tier model. The Revenue Share Capping Incentive Program credits agents with 10 FLQAs for 13 months if they reach their cap through closed transactions, increasing earning potential up to level five.
"We're not just rewarding performance, but empowering entrepreneurial agents with the tools and incentives they need to stay ahead in a rapidly changing market," Sanford said. eXp's evolving incentives include its rev share program, which paid out $232 million last year and is considered a key component of its attraction strategy. The company has made additional changes to compensation, including the launch of its "Accelerate" program in 2023 and REVenue Share 2.0 in May 2024, allowing agents to earn revenue share faster and instantly withdraw earnings for closed transactions.
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